LARGE JEFFERSON & WASHINGTON COUNTY

LAND AUCTION

LAND LOCATED:  Generally located around the Pleasant Plain area, which is 2 miles west and 2 miles south of Brighton, Iowa or 9 miles north of Fairfield, Iowa on Highway 1 then 3 miles east on H17/110th St.  Watch for auction signs.

AUCTION LOCATION:  Lake Darling Lodge, 111 Lake Darling Road, Brighton, Iowa.  Located in Lake Darling State Park, 3 miles west of Brighton on Highway 1.

AUCTION RESULTS

TRACT 1 - $8,700 x 80.97 = $704,439.00
TRACT 2 - $9,425 x 68.06 = $641,465.50

TRACT 3 - $5,875 x 105.60 = $620,400.00

TRACT 4 - $7,175 x 99.79 = $715,993.25

TRACT 5 - $7,275 x 64.93 = $472,365.75

TRACT 6 - $7,500 x 121.47 = $911,025.00

TRACT 7 - $7,200 x 47.92 = $345,024.00

TRACT 8 - $5,600 x 32.91 = $184,296.00

TRACT 9 - $5,600  x 38.41 = $215,096.00

TOTAL: $4,810,104.50

660.06 Surveyed Acres – SELLS IN 9 TRACTS

AUCTIONEER'S NOTE: All tracts will be sold price per surveyed acre.  Tracts #1-7 will be sold in order.  Tracts #8 & 9 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #8 or Tract #9 or both tracts for their high bid.  Tracts will not be recombined. 

Selling Free & Clear for 2018 Farming Season

Immediate Possession!

Tract #1 – 80.97 Surveyed Acres <Survey>
Tract #1 is located ¼ mile south of Pleasant Plain on W21/Pleasant Plain Road, then 1/2 mile east on 116^th Blvd., then 1 mile south on Redwood Avenue, then 1/4 mile east on 124^th Street. 
FSA information: 77.93 acres tillable
Corn Suitability Rating 2 of 73.9 (CSR1 75.1) on the tillable.
Located in Section 13, Penn Township, Jefferson County, Iowa
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #1
Gross                       $1,957.57
Ag. Credit                  ($57.12)
Family Farm Credit   ($39.69)
Net                              $1,860.00 (Rounded)

Tracts #2-5 are located 2 miles west of Pleasant Plain on H17/110^th, then ¾ mile north on Osage Ave.

Tract #2 – 68.06 Surveyed Acres <Survey>
Along with the tillable acres, this tract has two abandoned homes, along with a Conrad 6,500 bu. grain bin and a 3,700 bu. grain bin, open front machine shed, and other outbuildings & barns. There are two wells and a pond on this property.
Approx. 57 acres tillable.
Corn Suitability Rating 2 of 84.8(CSR1 82.4) on the tillable.
Located in Section 5, Penn Township, Jefferson County, Iowa.

Not included: Farm Machinery in outbuildings.
Possession:Immediate possession on the tillable land.  September 1, 2018 on the grain bins and machine sheds.

Real Estate Taxes on Tract #2
Gross                          $1,934.65
Ag. Credit                  ($51.69)
Family Farm Credit   ($35.88)
Net                              $1,847.00  (Approx.)

Tract #3 – 105.60 Surveyed Acres <Survey>
Approx. 92 acres tillable and a pond on this property.
Corn Suitability Rating 2 of 66.9 (CSR1 61.7) on the tillable.
Located in Section 5, Penn Township, Jefferson County, Iowa.
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #3
Gross                          $2,118.22
Ag. Credit                  ($61.86)
Family Farm Credit   ($42.86)
Net                              $2,013.50 (Approx.)

Tract #4 – 99.79 Surveyed Acres <Survey>
FSA information: 86.78 acres tillable
Corn Suitability Rating 2 of 68 (CSR1 61.2) on the tillable.
Located in Section 4, Penn Township, Jefferson County, Iowa.
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #4
Gross                          $2,099.78
Ag. Credit                  ($62.54)
Family Farm Credit   ($43.44)
Net                              $1,994.00  (Approx.)

Tract #5 – 64.93 Surveyed Acres <Survey>
FSA information: 65.04 acres tillable
Corn Suitability Rating 2 of 62.6 (CSR1 55.5) on the tillable.
Located in Section 4, Penn Township, Jefferson County, Iowa.
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #5
Gross                          $1,369.68
Ag. Credit                  ($39.97)
Family Farm Credit   ($27.77)
Net                              $1,302.00  (Rounded)

Tract #6 – 121.47 Surveyed Acres <Survey>
Tracts #6 is located 2 ½ miles west of Pleasant Plain on H17/110^th, then ¾ mile north on Nutmeg Ave.
Along with the tillable acres, this tract has an abandoned home along with a corn crib and a well.
FSA information: 107.9 acres tillable
Corn Suitability Rating 2 of 66.8 (CSR1 60.7) on the tillable.
Located in Section 5, Penn Township, Jefferson County, Iowa.
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #6
Gross                          $2,583.21
Ag. Credit                  ($74.96)
Family Farm Credit   ($52.08)
Net                              $2,454.00 (Rounded)

Tract #7 – 47.92 Surveyed Acres <Survey>

Tracts #7is located 2 ½ miles west of Pleasant Plain on H17/110^th, then 1 mile south on Nutmeg Ave.
Along with the tillable acres, this tract has an old windmill and well.
FSA information: 46.51 acres tillable
Corn Suitability Rating 2 of 66.7 (CSR1 63.5) on the tillable.
Located in Section 8, Penn Township, Jefferson County, Iowa
Possession: Immediate possession on the tillable land. 

Real Estate Taxes on Tract #7
Gross                          $1,013.54
Ag. Credit                  ($29.58)
Family Farm Credit   ($20.55)
Net                            $964.00 (Rounded)

Tracts #8 & 9 are located 5 miles west of Brighton on Highway 1/78, then 1 mile north on G67/Birch Ave, theneast on 320^th St. 

Both tracts would make excellent recreational/hunting ground or potential future building sites!  Rural water is in the area.  The tracts are currently enrolled in the CRP program and have a total annual income of $13,783, which expires on 9-30-2023.  Please note that the final CRP acres for each tract will be determined by the FSA office.

Tract #8 – 32.91 Surveyed Acres <Survey>
Approx. 33 acres tillable, all of which is in the CRP program as follows:
33 acres at $206.12 = $6,801.96 and expires on 9-30-2023.
Corn Suitability Rating 2 of 51.8 (CSR1 41.2) on the entire tract.
Located in Section 29, Clay Township, Washington County, Iowa.
Possession: Projected date of May 1, 2018

Real Estate Taxes on Tract #8
Gross                          $708.74
Ag. Credit                  ($27.12)
Family Farm Credit   ($18.84)
Net                              $663.00(Approx.)

Tract #9 – 38.41 Surveyed Acres <Survey>
Approx. 33.5 acres tillable, all of which is in the CRP program as follows:
33.5 acres at $206.12 = $6,905.02 and expires on 9-30-2023.
Corn Suitability Rating 2 of 59.3 (CSR1 50) on the entire tract.
Located in Section 29, Clay Township, Washington County, Iowa.
Possession: Projected date of May 1, 2018

Real Estate Taxes on Tract #9
Gross                          $759.02
Ag. Credit                  ($29.04)
Family Farm Credit   ($20.18)
Net                              $709.00(Approx.)

TERMS ON ALL TRACTS

Terms:10% down payment on March 16, 2018.  Balance due at closing with a projected date of May 1, 2018, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: See Individual Tracts for Projected Dates.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

• The tillable ground is selling free and clear for the 2018 farming season.
• It shall be the obligation of the buyer(s) to report to the Jefferson and/or Washington County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C. CRP prorate. Please note that the final tillable acres and final CRP acres will be determined by the FSA office.
• Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
• All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for said tracts.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• Due to this being an estate, the seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11).  Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer's expense in accordance with Jefferson County & Iowa Laws & regulations.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Cletus E. Pacha Trust and Dolores A. Pacha Estate
Patrick E. Pacha – Trustee & Executor
Craig A. Davis – Attorney for the Trust & Estate

For more information contact Lynn Richard of
Steffes Group at 319.385.2000 or by cell 319.931.9090

Downloads:
Tract 1- Soil Map
Tract 2- Soil Map
Tract 3 - Soil Map
Tract 4 - Soil Map
Tract 5 - Soil Map
Tract 6 - Soil Map
Tract 7 - Soil Map
Tract 1 Survey
Tracts 2 & 3 Survey
Tract 4 Survey
Tract 5 Survey
Tract 6 Survey
Tract 7 Survey
Tracts 8 & 9 Survey