LARGE WASHINGTON COUNTY LAND AUCTION

BRIGHTON, IA

Auction to be held at the Lake Darling Lodge, 111 Lake Darling Road, Brighton, Iowa.  Located in Lake Darling State Park, 3 miles west of Brighton on Highway 1.

Open House on Thursday, March 7th, 10 -11 AM

633.01 Acres M/L – SELLS IN 7 TRACTS

LAND SOLD FOR:

TRACT 1 - 123.67 X $3,600/AC = $445,212.00

TRACT 2 - 152.79 X $5,700/AC = $870,903.00

TRACT 3 - $50,000.00

TRACT 4 - 158.56 X $6,050/AC = $959,288.00

TRACT 5 - 14.65 X 5,900/AC = $86,435.00

TRACT 6 - 166.2 X $2,600/AC = $432,120.00

TRACT 7 - 15 X $2,600/AC = $39,000.00

TOTAL - $2,882,958.00

Auctioneer’s Note: All tracts will be sold by the acre, except Tract #3, which will be sold lump sum price.  Tracts #1-3 will be sold in order. Tracts #4 & 5 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #4 or Tract #5 or both tracts for their high bid.  Once this is completed, Tracts #6 & 7 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #6 or Tract #7 or both tracts for their high bid.  Tracts will not be recombined. 

Tract #1 – 123.67 Surveyed Acres <<Survey>>
Tract #1 is located 3 1/2 miles north of Brighton on Highway 1.
Approx. 82.14 acres tillable of which approx.. 41.33 acres are in the CRP program as follows:
38.43 acres at $211.65 = $8,133.00 and expires on 9-30-2027.
1.6 acres at $258.45 = $414.00 and expires on 9-30-2022.
1.3 acres at $227.42 = $295.00 and expires on 9-30-2019.
< Click Here > for FSA map, please note this shows land not selling with Tract 1

Corn Suitability Rating 2 of 65.2 on the tillable.
Located in Sections 15 & 16, Brighton Township, Washington County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $2,288.24
Ag. Credit                    ($85.97)
Family Farm Credit     ($60.40)
Net                             $2,143.00 (Approx.)

Tillable land is selling Free and Clear for 2019

Tract #2 – 152.79 Surveyed Acres <<Survey>>
Tract #2 is located 3 1/2 miles north of Brighton on Highway 1.
This tract brings in $26,164 of CRP income per year!
This tract also offers timber, a 76’x88’ barn, approx.. 11,144 bu. & 6,478 bu. grain bins and a pond.

FSA information: 107.52 acres tillable of which 105.63 acres are in the CRP program as follows:
75.32 acres at $269.27 = $20,281.00 and expires on 9-30-2025.
9.01 acres at $210.47 = $1,896.00 and expires on 9-30-2025.
11.90 acres at $186.57 = $2,220.00 and expires on 9-30-2022.
9.40 acres at $187.95 = $1,767.00 and expires on 9-30-2021.
< Click Here > for FSA map

Corn Suitability Rating 2 of 63.4 on the tillable.
Located in Section 16, Brighton Township, Washington County, Iowa.

Possession on grain bins will be August 1, 2019.

Real Estate Taxes on Tract #2
Gross                          $3,080.91
Ag. Credit                 ($109.12)
Family Farm Credit    ($76.09)
Net                             $2,897.00 (Approx.)

Tract #3 – Four Bedroom Home on 2.14 Surveyed Acres <<Survey>>

Tract #3 is located 3 1/2 miles north of Brighton on Highway 1 to 3015 Highway 1, Washington, IA.

Take a look at this large two story, four bedroom home, located on a hard surface road.  This home has 1,631 sq. ft. of living space on two levels.  The main level offers a living room with fireplace, adjoining dining room with colonnades, kitchen with refrigerator & electric stove.  The upstairs offers four bedrooms, bathroom with clawfoot tub and walk up attic storage.  The basement has a Heil high efficient gas forced air furnace, ½ bath, washer, dryer, electric water heater and a 100 amp breaker box.  Other amenities of the home include hardwood floors, original woodwork, metal roof and rural water.  The home also has a detached 20’x28’ garage, all situated on 1.75 acres M/L – subject to final survey.

Included: Refrigerator, Stove, Washer, Dryer, 1,000 gal LP tank
Not Included: Freezer, Personal Property

Real Estate Taxes on Tract #3
Gross                          $839.67
Homestead Cr.       ($145.13)
Net                             $695.00 (Approx.)

Tract #4 – 158.56 Acres M/L
Tract #4 is located 5 miles north of Brighton on Highway 1, then 1 ¼ miles west on 290^th Street, then 1/2 mile north on Ivy Avenue, then ¼ mile east on 285^th Street.

This tract brings in $19,706 of CRP income per year!
This secluded tract offers timber, 20’x40’ shed, approx.. 7,446 bu. grain bin, a small pond and a creek runs through the property.

FSA information: 156.62 acres tillable of which 109.56 acres are in the CRP program as follows:
32.30 acres at $237.88 = $7,684.00 and expires on 9-30-2023.
16.88 acres at $204.05 = $3,444.00 and expires on 9-30-2027.
14.90 acres at $206.38 = $3,075.00 and expires on 9-30-2022.
33.70 acres at $79.20 = $2,669.00 and expires on 9-30-2021.
8.57 acres at $241.17 = $2,067.00 and expires on 9-30-2025.
2.20 acres at $212.00 = $466.00 and expires on 9-30-2019.
1.01 acres at $298.37 = $301.00 and expires on 9-30-2024.
< Click Here > for FSA map

Corn Suitability Rating 2 of 52.9 on the entire tract.
Located in Sections 5 & 6, Brighton Township, Washington County, Iowa.

Possession on grain bin will be August 1, 2019.

Not Included: Hunting Stands

Real Estate Taxes on Tract #4
Gross                          $2,346.23
Ag. Credit                  ($106.22)
Family Farm Credit    ($74.05)
Net                             $2,168.00 (Rounded)

Tract #5 – 14.65 Acres M/L
Tract #5 is located 2 miles north of Brighton on Highway 1, then 2 3/4 miles northwest on Ginkgo Avenue.

This tract offers a recreational opportunities with $1,991 of CRP income per year!  This tract features timber and a creek running through the property.

FSA information: 7.67 acres tillable, all of which are in the CRP program as follows:5.10 acres at $256.56 = $1,308.00 and expires on 9-30-2021.1.70 acres at $266.40 = $453.00 and expires on 9-30-2022.0.87 acres at $264.59 = $230.00 and expires on 9-30-2027.
< Click Here > for FSA map

Corn Suitability Rating 2 of 74.4 (CSR1 82.2) on the tillable.Located in Section 6, Brighton Township, Washington County, Iowa.

Real Estate Taxes on Tract #5
Gross                          $180.86
Ag. Credit                 ($11.08)
Family Farm Credit   ($7.72)
Net                             $162.00 (Rounded)

Tract #6 – 166.2 Acres M/L
Tract #6 is located 2 miles north of Brighton on Highway 1, then 4 miles northwest on Ginkgo Avenue, then 1 mile west to the intersection of 280^th Street & Fir Avenue.  The access to the property is an easement through the adjoining land owner, it is approx.. ¾ of mile south of 280^th Street & Fir Avenue .

This secluded tract offers $7,420 of CRP income per year, along with timber and open areas along the banks of the Skunk River. 

Please note part of Tract #6 is subject to a Wetlands Easement.  
< Click Here > for the aerial and information pertaining to this easement.

22.57 acres at $328.75 = $7,420.00 and expires on 9-30-2030.
Corn Suitability Rating 2 of 77.9 (CSR1 80.5) on the tillable.
< Click Here > for FSA Map of Tract 6 & 7

Located in Sections 1, 2, 11 & 12, Dutch Creek Township, Washington County, Iowa.

Real Estate Taxes on Tract #6
Gross                          $1,844.62
Ag. Credit                    ($78.64)
Family Farm Credit     ($27.64)
Net                             $1,710.00 (Rounded)

Tract #7– 15 Acres M/L
Tract #7 is located 2 miles north of Brighton on Highway 1, then 4 miles northwest on Ginkgo Avenue, then 1 mile west on 280^th Street, then ½ mile north on Fir Avenue, then ¾ mile west on 275^th, then 1 ¼ south on Elm Avenue, which turns into a dirt road.  The access to the property is an easement through the adjoining land owner, it is approx.. 3/4 of mile south & east of Elm Ave.

If you are looking for a secluded get away, this could be your property!  This secluded tract offers timber, an old cabin & old mobile home along the banks of the Skunk River.  Located in Section 11, Dutch Creek Township, Washington County, Iowa.

Please note part of Tract #7 is subject to a Wetlands Easement.  
< Click Here > for the aerial and information pertaining to this easement.

Real Estate Taxes on Tract #7
Gross                           $11.48
Ag. Credit                    ($.40)
Family Farm Credit     ($.28)
Net                               $10.00 (Rounded)

TERMS ON ALL TRACTS

Terms: 10% down payment on March 21, 2019.  Balance due at closing with a projected date of May 6, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of May 6, 2019. (Possession on grain bins will be August 1, 2019.)
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:

• It shall be the obligation of the buyer(s) to report to the 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.
• Buyers agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyers 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. Buyers further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyers, which would violate the requirements of the CRP. In the event the buyers elects to take the ground out of CRP, the buyers will be responsible to the seller for any prorate of the CRP payment that the seller would have received.  In the event of litigation between Buyers and Seller with respect to maintenance of the property in the CRP program, Buyers shall, in addition to indemnifying Seller for any recovery sought by the FSA, pay all of Seller's attorney’s fees and costs incurred in connection with Buyers' non-compliance.
• Tracts #1, 2 & 3 will be surveyed by a licensed surveyor.  Seller shall not be obligated to furnish a survey on any other 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 Washington 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.

Larry D. Robertson Estate
Donald R. Robertson & John C. Robertson – Co – Executors
Craig A. Davis – Attorney for the Estate

For more information contact auction manager Terry Hoenig of Steffes Group, 
319.385.2000 or by cell, 319.470.7120

Downloads:
Wetland Easement Information & Aerial
FSA Map - Tract 1
FSA Map - Tract 2
FSA Map - Tract 4
FSA Map - Tract 5
FSA Map - Tracts 6&7
Tract 1 Survey
Tract 2 Survey
Tract 3 Survey