130.0 acres in Story County, Iowa

ONLINE ONLY AUCTION NOVEMBER 12th, 2024 8 AM to 1 PM 130 ACRES M/L OFFERED AS TWO TRACTS TRACT #1: 62 ACRES M/L TRACT #2: 68 ACRES M/L Dont miss out on these two excellent tracts located in the unincorporated previous town site of Midvale. Tract 1 is the southern section with 62 total acres, m/l, including a home site with 6 outbuildings. Tract 2 is the northern section with 68 acres m/l, including a home site, 2 outbuildings and 2 grain bins. These individual tracts are described in the next pages. Both tracts have upper 80s CSR2 cropland with two homes and older outbuildings in a commercially zoned area. The property has county tile running from the NE corner heading west. There are no records of lateral tile lines. The land is rented for 2025 but the lease is canceled for the 2026 crop year. There is electric and rural water to the property. The homes have been recently rented and are currently unoccupied. A more complete description on the improvements are listed under Tracts 1 & 2. The land is ideal for a farmer or investor who desires excellent quality land in a great location. There is additional income with the homes and preferential commercial zoning that could add significant value now and in the future. TRACT 1 This is an ideal high quality tract with a 86.9 CSR2 and a 1.25 acre surveyed acreage. The acreage has a home and 6 outbuildings that the new buyer could sell separately. It is estimated there is 60.75 acres of tillable land. This parcel, if sold separately from Tract 2, will need to be surveyed and the total net acres will be the multiplier. There is an 8 county tile in the western portion of the farm. No tile records are available for the eastern side of the cropland. There is approximately 14 acres of land zoned commercial on the east side that includes the 1.25 acre home site. The access to this tract is in the NE corner with a shared access with Tract 2. The home has two bedrooms, two full bathrooms, newer stacked washer and dryer, water heater, furnace, refrigerator, stove and roof. All appliances are being sold as is. There is a newer septic system installed in 2015. There is 75% of LP in the 1000 gallon tank according to the meter. There is a partial unfinished basement that can leak in heavy rains. There are five outbuildings and an old schoolhouse. Gross: 62 Acres m/l Township: Palestine STR: 11-82N-24W CSR2: 86.9 Taxes: $3,409 m/l LP Tank: Rented from Key Coop Legal Description: Subject to survey. Address: 29567 US Highway 69, Huxley TRACT 2 Another ideal high quality tract with an 87.3 CSR2 and a 2.09 acre acreage. The acreage has a home, 2 outbuildings and 2 grain bins that the new buyer could sell separately. It is estimated there is 65.9 acres of tillable land which includes the small pasture field north of the house. If sold separately from Tract 1 this tract will need to be surveyed and the total net acres will be the multiplier. There is a 16 county tile running from the middle of the southern border to the NE corner area. There is approximately 4 acres of land zoned commercial on the east side that includes the 2.09 acre building site. The access to this tract is in the SE corner with shared access with Tract 1 plus a future farm entrance approved by the Iowa DOT in the pasture area north of the home accessing Hwy 69. The home is an older two story home with four bedrooms one on the main level and three upstairs, one full bathroom on the main level and a half bath upstairs, nice sized kitchen with a dishwasher, stove & refrigerator, stacked washer and dryer, central AC and a high efficiency furnace. All appliances are being sold as is. There is a low ceiling unfinished basement. There is a newer septic system installed in 2016. There is an LP tank that is 80% full according to the meter on the 1000 gallon tank. Gross: 68 Acres m/l Township: Palestine STR: 11-82N-24W CSR2: 87.3 Taxes: $3,764 m/l LP Tank: Rented from Key Coop Legal Description: Subject to survey. Address: 29509 US Highway 69, Huxley