MGW Real Estate Auction Information


The A & J Farm

SOLD

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com



Date of Auction: 11/10/2011
Time of Auction: 1:00 PM
Auction Location: Quality Inn, 1345 Business Park Rd. Mineral Point, WI 53565
Inspection Date: 11/10/2011
Inspection Location: Please call to schedule an inspection
Directions to Auction: The auction site is located on the northeast edge of Mineral Point, Wisconsin. From US-151, exit on Branger Dr. and head southeast for 0.4 miles. Turn west onto Business Park Drive to arrive at the Quality Inn.
Directions to Farm: The farm is located southwest of Mineral Point, Wisconsin. From US-151, head west onto County Road A for 3.2 miles. The farm is on the south side of road.

Auction Terms & Conditions

Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.  Buyer agents seeking cooperation shall register their buyers in writing with Martin, Goodrich & Waddell, Inc. 10 days prior to the auction.
Earnest Money: The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing.  Bidding is not conditional upon financing.  Payment shall be in the form of a personal check or cashier’s check.
Closing: Closing shall be on or before December 12, 2011.  Possession is subject to the rights of any tenants in possession.
Real Estate Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be paid by the seller.  The 2010 real estate taxes were $1,062.84 for the entire acreage.  The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The 2011 crop year cash rent shall be retained by the seller.  Buyer shall receive the landlord share (or cash rent) for the 2012 crop year.
Government Agricultural Program Payments: Buyer accepts title subject to the responsibilities and benefits of the following government programs: NONE.
Conveyance: At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance.  At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
Title Evidence: At closing, seller shall furnish a commitment and Owner’s Title Guaranty Policy for the amount of the purchase price at the seller’s expense.
Survey: Seller shall secure a boundary survey by a licensed land surveyor at the seller’s expense, dated no more than 6 (six) months prior to closing.  Final purchase price will be based upon surveyed acres.
Disclaimer & Absence of Warranties: Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral.  Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer.  All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent.  The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property.  The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent.  The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.        
Disclosure: Some photos in this brochure may be stock photography and are for illustrative purposes only.
 
Owner: Russell Schelkopf Trust 101
Property Details
Location: The subject farm is located approximately 53 miles southwest of Madison. Nearby towns include Mineral Point (6 miles east), Rewey (5 miles west), Belmont (8 miles south), and Linden (8 miles north).
Frontage: There is approximately 1/8 mile of road frontage on County Road J, 1/2 mile on County Road A, and 7/8 mile on Powell Road.
Legal Description: Part of the West Half of Section 7 and Part of the North Half of the Northwest Quarter of Section 18 in Township 4 North – Range 2 East of the Fourth Principal Meridian (Linden Township) in Iowa County, Wisconsin, consisting of 316 acres more or less.
Total Acres: There are a total of 316 acres, more or less, according to the Iowa Co. Assessors Office.
Tillable Acres: There are 167.6 tillable acres according to the Iowa County FSA Office.
Soil Types: Major soil types found on this farm include Dubuque silt loam and Chaseburg silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Financing: Mortgage financing is available from several sources including 1st Farm Credit and local banks.  Additional names and addresses will be provided upon request.
Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be paid by the seller.  The 2010 real estate taxes were $1,062.84 for the entire acreage.  The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer.
Grain Markets: There are a number of grain markets located within 10 miles of the A & J Farm.
 
Soils Information
Soil # Soil Name Approx Acres
    Total: 0


TOTAL ACRES - 316.0 acres, more or less
TILLABLE ACRES - 0.0 acres, or 0.0% per FSA figures

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.