162.77 acres m/l Mills County, Iowa Land Auction

Bidding Begins Monday, December 2nd @ Noon

Bidding Concludes Friday, December 6th @ Noon

2025 POSSESSION

Directions to the Farm: From Glenwood, Iowa Highway 34, South on Levi Road 2 miles, then East on Kane Ave 1 mile to the farm.

Legal Description:  The Fractional W 1/2 SW 1/4 except Parcel A and the E 1/2 SW 1/4 and the West 8 acres W 1/2 SE 1/4, all in 19-72-42, Mills County, Iowa.

Taxable Acres: 162.77 m/l

Cropland Acres: 145.43 per FSA

CSR:  76.5 CSR2 per Surety Maps

Taxes:  $6318 estimated after the acreage that is not included is split from the farm.

Improvements:  13,446bu Grain bin.

Easements:  Seller to retain an easement to the well located in the SW1/4 SW 1/4.  Buyer will receive a Power easement for the use of the grain bin.  Buyer will be responsible for installing their own meter. 

NOTE:  There is an old well in the SESW that is not in use and will not be plugged by the Seller.  Funds available through Mills county to offset the cost if buyer wishes to plug the well.

Online bidding:  Interested parties shall register and submit a bank letter of creditworthiness to the Spencer Groups office by contacting 712-644-2151

Method of Auction:  Farm will sell 162.77 acres times the bid.  Final bid will be subject to the sellers approval by 5pm on December 6th, 2024.  

Terms:  If the final bid is accepted, buyer shall place a 10% non-refundable earnest deposit in the Blair Title Trust account, where it will be held until closing.

Closing:  Closing will take place on or before December 30th, 2024.

Agency:  Spencer Groups,Inc/Farms America, INC/Ed Spencer Real Estate is agents for, and represent the SELLERS in this transaction.  All bidders shall be considered customers, not clients.

Disclaimer:  Auctioneer and Sellers retain the right to cancel the auction if an acceptable offer is made prior to the sale date. Announcements made by the auctioneer at the time of the sale or emailed to registered  bidders will take precedence over any and all previously printed material, or any oral statements made.   All information in this brochure and all related materials are subject to the terms and conditions  outlined in the agreement to purchase.  The farm is being sold on an “as-is, where-is” basis, and no  warranty or representation, either expressed or implied concerning the property is being made by the  sellers or the auction company.  Each potential bidder is responsible for conducting his or her own due  diligence, inspections, investigations, and inquiries regarding the farm.  The information in this brochure  is believed to be accurate, but is subject to the verification of all parties relying on it.  No liability for its  accuracy, errors or omissions is assumed by the sellers or the auction company.  All sketches and  dimensions in this brochure are approximate and based upon GIS, aerial photographs and information  provided by the county assessor and FSA. Conduct of the auction and increments of bidding are at the  direction and discretion of the auctioneer.

GVW LLC, Owners