21273 Woodridge Ln, Shell Rock, IA 50670 - Butler County

OWNER: HOBSON FAMILY FARM

AUCTION LOCATION

Boyd Community Center

303 South Cherry Street, Shell Rock, IA 50670

PROPERTY DESCRIPTION

LandProz is pleased to present The Gerald Hobson Farm for your consideration. Here is a chance to buy 193+/- acres of highly productive farm land, some of which is platted and ready for development. Don't let the low CSR2 fool you, the sandy loam soil produces excellent crops.

The whole farm is rented for the 2023 crop year at $325/per acre and has an amazing track record of production, even on dry years!

Tract 1 is completely platted and rezoned to residential, ready for a developer or investor, complete with master map for phase 2 and 3, which has maps for the entire project including the total 193 +/- acres.

Also included are CRP programs on tract 2 and 3 for additional income, tract 3 also has an excellent recreational opportunity. All acres are subject to survey.

Please contact LandProz Agent & Auctioneer Leon Martin at 641-228-0214 for more information regarding this property.

PROPERTY FACTS

TRACT 1

Deeded acres: 40 +/-

Tillable acres: 40 +/-

CSR2: 50.2

Annual Taxes: $440

Zoning: Residential

TRACT 2

Deeded acres: 78.07 +/-

Tillable acres: 49 +/-

CSR2: 52.8

Annual Taxes: $1,356

Zoning: Ag

TRACT 3

Deeded acres: 77.07 +/-

Tillable acres: 71.5 +/-

CSR2: 52

Annual Taxes: $1,356

Zoning: Ag

Please contact LandProz Agent & Auctioneer Leon Martin at 641-228-0214 for more information regarding this property.

TERMS

$25,000 [non-refundable] down on each tract, due on the day of the auction. Balance due at closing on or before January 30, 2023. Any statements made the day of auction take precedence over previous material. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantees accuracy.