L.P. & Jeanne Mayfield Revocable Trust

Monica Zahn and Michele McLaren, Executors

MANAGED BY

Louie Zinn (319) 795-2314

Dan Sullivan (319) 795-1833

TRACT 8 OPEN HOUSE

Tuesday, February 11, 2025 4:00 PM - 6:00 PM

Physical Address: 52956 State Hwy Y, Baring, MO 63531

GENERAL INFORMATION

547 acres (subject to survey) 9 tracts

Farms represent productive tillable cropland, income producing CRP, and two homes including a beautiful brick ranch style with pond/outbuildings. The farms have been in the Mayfield family for many years. This is an excellent opportunity for farmers, investors and someone looking for rural living! All tillable tracts sell free and clear for the 2025 crop year!

TRACT INFORMATION

Tract 1 - 31 taxable acres

FSA records should indicate 28.57 acres of NHEL cropland

NCCPI Rating: 74.1

Soil types include Chariton and Gifford

Land represents highly productive tillable cropland with the remainder in a timbered draw

Hunting opportunities

Access from the north off Kermit Rd and from the east off Halfway Rd

Tract 2 - 80 acres (subject to survey)

FSA records should indicate 75.13 acres of cropland

NCCPI Rating: 76.4

Soil types include Gifford, Arbela and Chariton

Land represents highly productive tillable cropland with the remainder in pasture and waterways

Improved with a shed and electricity

Access from the west off Halfway Rd

Tract 3 - 73 acres (subject to survey)

FSA records should indicate approx. 70 acres of cropland

64.4 acres in Conservation Reserve Program paying $8,611.00 annually ($133.71/ac), expires 9/30/2033

NCCPI Rating: 64.9

Soil types include Armstrong, Gifford, Chariton and Arbela

Land represents income producing CRP with remainder in cropland and waterways

Improved with a shed

Access from the west off Halfway Rd and the south off County Line Rd

Tract 4 - 80 taxable acres

FSA records should indicate 69.63 acres of cropland currently in hay production

NCCPI Rating: 64.1

Soil types include Kilwinning, Leonard and Blackoar

Land represents productive tillable cropland with the remainder in waterways

Improved with two sheds and two ponds

Access from the north off County Line Rd

Tract 5 - 154 acres (subject to survey)

FSA records should indicate approx. 136 acres of cropland

Approx. 113.54 acres in Conservation Reserve Program paying $14,544.48 annually ($128.10/ac), expires 9/30/2032

NCCPI Rating: 60.8

Soil types include Armstrong and Kilwinning

Land represents income producing CRP with remainder in cropland, waterways and timbered draws

Hunting opportunities

Improved with a small pond

Access from the north off Hwy Y and the east off County Rd 15

Tract 6 - 80 taxable acres

FSA records should indicate 69.76 acres of cropland

65.8 acres in Conservation Reserve Program paying $8,428.98 annually ($128.10/ac), expires 9/30/2032

NCCPI Rating: 62.5

Soil types include Kilwinning, Leonard, Armstrong and Putnam

Land represents income producing CRP with remainder in timbered draws and waterways

Hunting opportunities

Improved with a pond

Access from the north off Hwy Y and the west off County Rd 15

Tract 7 - 40 taxable acres

FSA records should indicate 40.31 acres of cropland

NCCPI Rating: 64.7

Soil types include Kilwinning, Putnam and Leonard

Land represents highly productive tillable cropland with the remainder in a waterway

Access from the east off County Rd 16

Tract 8 - 6 acres (subject to survey)

Beautiful small acreage with home, outbuildings and 1 acre pond

Ranch style brick home remodeled in 2014 (approx. 1,430 ft2 on main level)

Three bedrooms and two baths

Ceramic flooring and carpeted living and bedrooms

Partially finished basement

LP Furnace and Central Air

30x52x14 insulated shop with concrete floors

30x48 open sided shed with gravel floor

Carport and utility shed

Scotland County Rural Water

Open House on February 11th from 4pm-6pm or by appointment only

Access from the north off Hwy Y (Physical Address: 52956 State Hwy Y Baring, Mo)

Tract 9 - 3 acres (subject to survey)

Bungalow style home on small acreage

3 bedroom and 1 bathroom (bathroom remodeled in 2016)

Laminate, hardwood and carpeted flooring

Unfinished basement

LP furnace

Newer metal roof

Small wooden shed and grain bin

Home currently has a tenant and can be viewed by appointment only

Access from the south off County Line Rd (Physical Address: 19419 County Rd 200 Baring, Mo)

METHOD & TERMS

The Mayfield farm will be sold on a price per acre basis. Tracts 1-7 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. Following the sale of tracts 1-7, tract 8 will sell for a lump sum or total dollar amount, then tract 9 will sell for a lump sum or total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Knox County Abstract in Edina, MO, which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before March 21, 2025.

The seller will provide title insurance in the full amount of the purchase price. 2025 real estate taxes will be paid by the buyer of each tract. The CRP payment will be prorated to the day of closing. Tracts 1-7 sell free and clear for 2025 crop year. Tract 8 possession at closing. Tract 9 is occupied by a tenant; tenant has 90 days from closing to move out or continue renting from the buyer, if the buyer chooses to continue. A $900.00 credit will go to the buyer of tract 9 for the 90 days of rent.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

L.P. & Jeanne Mayfield Revocable Trust

Monica Zahn and Michele McLaren, Executors

Closing & Title Work:

Knox County Abstract

105 S 1st St, Edina, MO 63537 (660) 397-3259

Auction Managers:

Louie Zinn (319) 795-2314

Dan Sullivan (319) 795-1833