Carroll County Land Auction

Live & Online Auction

Categories:     Land

Auction Date:

January 12, 2024 | 10:00 am

Auction Location / Nearest City:

201 South Pine Street, Norborne, MO, USA

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Auction Description:

Carroll County Land Auction

SALE DATE: Friday, January 12, 2024 at 10:00 AM

AUCTION LOCATION: Goppert Community Center, 201 S. Pine St., Norborne, MO 64668

Farm Location: 2.5 miles West of Norborne on HWY DD, then 3 miles North on HYW JJ, jog right at the curve on JJ and go 1 mile North on Co. Rd. 121. Farm sits at the corner of Co. Rd 121 and Co. Rd 270. Or from Hardin, MO, go 7 ½ miles East on HWY DD then proceed North on HWY JJ with the above directions

To view the catalog click here: https://www.wheelerauctions.com/wp-content/uploads/2019/02/Krisen-Prospectus.pdf

Offering One Tract of 159.5 Acres M/L FSA tillable @ 149.52 Acres in Carrol County, MO

Insurance APH for soybeans is 47.  Insurance APH for corn is 121. 

The farm has been planted in soybeans the last 5 years to accommodate the Tenants and make land improvements easier- Improvements such as dirt work, terracing, tiling, and risers for improved drainage and soil conservation have consisted of the following expenditures.

2021 – $18,920.40 – Spring

2021 – $26,529.95 – Winter

2022 – $24,765.20 – Winter

To total $70,215.55 and the work was done by Hostetler Construction, Buddy Hostetler, Waverly, MO

This farm is conveniently located one mile North of HWY JJ and only 6 ½ miles from the grain elevators in Norborne, MO.  It is a farm that is wide open and easily farmed with bigger equipment.  In the last 3 years, the Kresin Family has made improvements of terracing, tiling, tile outlets, waterway dirt work, and risers, totaling $70,215.55.   You will be impressed when you view the farm and its row crop potential, and in addition, there are excellent home-building sites along both Co. Rd 121 and Co. Rd. 270.

Please plan to be with us on Friday, January 12, 2024, at the Goppert Center in Norborne, to visit with the Kresin Family and exercise your option to bid on and buy this quality farm ground.

Chas and Mike

Method of Auction: The land will sells as 1 Tract of 159.5 Taxable Acres M/L and will be offered so much per acre times 159.5 as the multiplier to determine the final selling price. Property sells with the confirmation of the bid price by the seller. This will be a live onsite auction with internet bidding available through WheelerLive. Internet bidders must be preapproved 24 hours prior to the sale.

Tenant: There is no tenant agreement in place for the 2024 crop year or beyond.  There are farmers in the area that would like to farm this ground and are wishing to submit a rental proposal to the buyers in the event that a non-farming entity purchases this farm.

Contract: Immediately following the conclusion of the land sale, we will write the sale contracts and receive the escrow/earnest money of 10% down payment.  Payment check is non-refundable and payable to Harvest and Home Title Co.

Closing: Closing on or before Friday, February 16, 2024 at the office of Harvest and Home Title Co., formally  Carroll Co. Title, 4 West Benton Street, Carrollton, MO 64633.  Amanda Mathis, Closer, 660-542-1364, Ext 25.  [email protected]

Possession: Immediate possession is granted upon signing the contract and receiving the escrow down payment. 

Taxes: The 2023 taxes are paid in the amount of $763.27.  The buyer will be responsible for all the property taxes in 2024 and beyond.

Utilities: Farmers Electric Cooperative, Chillicothe, MO serves the Grain Bin Fan and unloading auger on the property.

Water: There is no rural water lines or meters on the property.  The closest rural water lines are half mile North on Co. Rd. 121.  

Schools: Norborne R-8 School District

Down Payment: Ten percent (10%) nonrefundable down payment the day of auction, upon signing a purchase agreement immediately following the close of bidding. The down payment may be paid in the form of personal check, business check, or cashiers check. The remainder of the purchase price is payable at closing.  YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying the balance at closing.

Title: Sellers shall provide and execute a proper deed conveying the real estate to the buyer(s). Seller to pay for title insurance premium including title search and examination fees.  Buyer to pay any lender fees, search premiums, or appraisals necessary to secure buyers funds for closing.  Buyer and seller will split the closing costs.

Mineral Rights: The sale shall include 100% of the mineral rights owned by the sellers.

Easements: Sale of the property is subject to any and all easements of record. 

Acreage/Survey: The property will sell using the Taxable Acres as the multiplier.  All acreages are approximate and accurate to the best of our ability using assessors maps, measurements, and legal descriptions. The selling price based on the acreage multipliers is final and no future adjustments in sale price will be granted to either the buyer or seller of said acreage or Tracts.  Any need for a survey to close this agreement is at the sole discretion of the Seller.  Any need for a survey by the Purchaser, to acquire funding or close this agreement will be paid for by the Purchaser.  

Agency: Wheeler Auctions & Real Estate and its representatives are Exclusive Agents for the sellers.

Disclaimer: The property is being sold on an “as is, where is” basis, and no warranty or representation, either express or implied, concerning the property is made by either the sellers or the auction company.  Each bidder is responsible for conducting its own independent inspections, investigations, and all due diligence concerning the property and the auction.  Information contained in this brochure is subject to verification by all parties relying on it.  Diagrams/dimensions in this brochure are approximate.  Acreage is estimated.  All information contained in this brochure and any related materials are subject to the terms and conditions of sale outlined in the purchase contract.  Auction conduct and bidding increments are at the sole direction and discretion of the auctioneer.  All decisions of the auctioneer are final.  The sellers and the Auction Company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, fitness, intent, etc.

SELLER: KRESIN FAMILY FARMS, LLC

MICHAEL KRESIN, MICHELLE SHARP, AND JOHN “CHRIS” KRESIN

FOR MORE INFORMATION:

Wheeler Auction Representative,

Mike Williams 816-797-5450

Carroll County Land Auction

201 South Pine Street, Norborne, MO, USA
Norborne, MO

Auction Location / Nearest City:

201 South Pine Street, Norborne, MO, USA

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