Sealed Bid Sale

156.65 +/- Total Acres Cass County, NE

FARMLAND & RECREATIONAL PROPERTY – OFFERED IN TWO TRACTS!

BID DEADLINE: FRIDAY, APRIL 25TH, 2025 – 2:00 PM., CST

Farm Location: From Weeping Water, NE, travel 1 mile south on 144th Street, then 2.5 miles east on Adams Street to arrive at the farm.

Legal Description: The Northeast Quarter (NE ¼) of Section 17, Township 10 North, Range 12 East of the 6th P.M., Cass County, Nebraska, excluding the existing acreage.

2024 Real Estate Taxes (Tracts #1 & #2): $7,564.44 – Paid by Seller

TRACT #1: FARMLAND – APPROXIMATELY 133.89 +/- ACRES

Bid Multiplier: 133.89 x Bid Amount to determine total purchase price.

Farm Description: Productive dryland farm with good soils and level to gently rolling topography, comprising of 119.91 cropland acres. Farm has been well maintained and cared for throughout the years.

2025 Crop Year Lease Terms: The cropland is leased for the 2025 growing season with an annual rent of $27,600, payable in two equal installments of $13,800, due March 1, 2025, and December 1, 2025. The buyer will assume all rights and responsibilities under the existing lease at closing. The Buyer and Seller will split the 2025 crop year income and 2025 real estate taxes. Contact Listing Agent, Nathan Elting, for a copy of the written lease.

Farm Service Agency Information: TRACT #1 & #2

• FSA Farmland Acres: 155.69
• FSA Cropland Acres: 119.91
• Corn Base Acres: 52.60 – 142 PLC Yield
• Soybean Base Acres: 52.60 – 46 PLC Yield

TRACT #2: TIMBER, CREEK, & RECREATIONAL LAND – APPROXIMATELY 22.27 +/- ACRES

Bid Multiplier: 22.27 x Bid Amount to determine total purchase price.

Property Description: This exceptional recreational property offers prime habitat for deer and turkey, featuring mature timber and a meandering creek. Its diverse landscape provides excellent opportunities for hunting and various outdoor activities.​

GENERAL INFORMATION

Sealed Bid Information: Parcels will be offered individually and/or in combination. All sealed bids must be submitted to Brad Elting & Company using the company’s official sealed bid form. To obtain the form, please contact Brad Elting & Co. The successful bidder will enter into a real estate purchase agreement and close the transaction within 30 days of the Seller’s acceptance. BID DEADLINE: All bids must be submitted to Brad Elting & Co., on or before APRIL 25, 2025 BY 2:00 PM., CST.

Survey: If Tracts #1 and #2 are sold to different buyers, the parcels will be surveyed at the Seller’s expense.

Taxes: The 2024 real estate taxes and all prior years’ taxes shall be the responsibility of the Seller. The 2025 real estate taxes shall be split equally between the Buyer and Seller. All future years’ taxes will be the responsibility of the Buyer.

Possession & Lease: Possession to tract 1 shall be granted upon closing, subject to the current tenant’s rights through the 2025 growing season. The Buyer will assume the 2025 crop year lease, ending December 31, 2025. Possession to tract 2 shall be given upon closing of the real estate.

Pipeline Easement Agreement: Seller entered into a Pipeline Easement Agreement on 9^th day of August, 2024 with Trailblazer CO2 Pipeline, LLC. Please contact listing agent, Nathan Elting, for copy of agreement.

Terms: A 20% nonrefundable earnest deposit will be required from the successful bidder upon the Seller’s acceptance. The balance shall be due within 30 days of acceptance. Title insurance will be used, with costs shared equally between the Buyer and Seller, along with closing costs. The property will not be sold subject to financing—bidders must have all financial arrangements made prior to placing a bid. Final sale is subject to the Seller’s approval or rejection.

Additional Information: A property information packet, including FSA data, aerial photos, tax information, soil types, and other pertinent information, is available upon request by contacting the seller’s agents, Brad Elting or Nathan Elting, at (402) 768-7270 or by visiting www.eltingauction.com.

Agency: Brad Elting & Company, Inc. is representing the Seller. Acreage calculations and data in this brochure have been obtained from reliable sources; however, accuracy cannot be guaranteed by the Seller or Seller’s agents. Prospective buyers are encouraged to inspect the land and rely on their own conclusions. Any announcements made before the Seller accepts an offer will take precedence over printed material.

Agent’s Note: If you are looking for a quality, well-producing farm or an outstanding recreational property, you won’t want to miss this sale.

Listing Agent:

Nathan Elting
Auctioneer
Nebraska Real Estate Broker

Seller: Christy Nielsen