WASHINGTON COUNTY LAND AUCTION

AINSWORTH, IOWA

Auction to be held onsite at 3266 Old White Way, Ainsworth, IA.  Located 2 miles south of Ainsworth on Highway 218/27, then 1 ½ miles east on Old White Way/County Highway G52.

Open House on Thursday, September 19th, 10-11 AM

115.23 Surveyed Acres  – SELLS IN 4 TRACTS

Auctioneer’s Note:Tracts #1 & 2 will be sold lump sum price.  Tracts #3 & 4 will be sold by the surveyed acre.  Tracts #1 & 2 will be sold in order, then Tracts #3 & 4 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #3 or Tract #4 or both tracts for their high bid.  Tracts will not be recombined.

Survey Now Complete!

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LAND SOLD FOR: 
Tract 1 - $82,000.00
Tract 2 - $41,000.00
Tract 3 - $5,675 x 49.52 = $281,026.00
Tract 4 - $4,675 x 59.67 = $278,957.25

Total: $682,983.25

Tract #1 – Four Bedroom Home on 2.36 Surveyed Acres

Don’t just drive by this home, take a look at what this home has to offer!  This home has a total of 1,990 sq.ft. of living space on two levels with original woodwork throughout.  The main level features a kitchen with refrigerator, electric stove, dishwasher, built in cabinets and a summer kitchen with a sink.  The formal dining room has built in buffet cabinets, glass front doors and colonnades to the living room.  Also on the main level is a master bedroom with adjoining master bath w/ shower and laundry hookups.

The beautiful open stairway leads to the upstairs, where there are three bedrooms and a bathroom with clawfoot tub & storage rooms.  Other amenities include a basement with a Weil McLain hot water heater, 100 amp breaker box, gas hot water heater, a well and a 30’x36’ detached garage.  All situated on 2.36 surveyed acres. Tracts #1 & 2 have a recorded well easement and a recorded driveway access easement.  Copies are available for review.

Included: 1,000 gal LP tank, Refrigerator, Stove, Dishwasher, Window A/C unit

Not included: Dinner bell, Washer, Dryer, All personal property

Real Estate Taxes on Tract #1
Gross                     $1,742.97
Ag. Credit                    ($0.71)
Net                         $1,742.00 (Rounded)

Tract #2 – Livestock Barns & Grain Bins on 3.68 Surveyed Acres

Need more room for your livestock?  Here is a unique opportunity to purchase a smaller tract of land with barns & bins already in place.  This tract offers a 42’x60’ pole frame barn with a working tub & fenced lot, 30’x36’ barn, 5,300 bu. grain bin, 4,700 bu. grain bin, 2,800 bu. grain bin, Butler grain dryer and a 20 ton bulk bin.  Tracts #1 & 2 have a recorded well easement and a recorded driveway access easement.  Copies are available for review.

Included:Working tub in barn, Attached gates

Not included:Insulated cargo box, Feeders, All livestock equipment

Real Estate Taxes on Tract #2
Gross                     $195.34
Ag. Credit                   ($2.32)
Net                         $194.00 (Rounded)

Tract #3 – 49.52 Surveyed Acres 

FSA information: 41.11 acres tillable, balance being pasture ground
Corn Suitability Rating 2 of 71.7 on the tillable.
Located in Sections 35, Oregon Township, Washington County, Iowa.

Real Estate Taxes on Tract #3
Gross                     $1,195.77
Ag. Credit                   ($49.52)
Net                         $1,145.25 (Approx.)

Tract #4 – 59.67 Surveyed Acres

FSA information: 34.02 acres tillable, balance being fenced pasture with pond and 2.42 acres are in the CRP program as follows:
2.42 acres at $260.60 = $631.00 and expires on 9-30-2027.
Corn Suitability Rating 2 of 70.7 on the tillable.
Located in Sections 35, Oregon Township, Washington County, Iowa.

Real Estate Taxes on Tract #4
Gross                     $1,337.56
Ag. Credit                    ($55.40)
Net                         $1,282.75 (Approx.)

TERMS ON ALL TRACTS

Terms:10% down payment on October 3, 2019.  Balance due at closing with a projected date of November 15, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 15, 2019. (Subject to tenant’s rights on the tillable, feedlot, pasture & home.)
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:

• Tract #1 is rented on a month to month basis and is selling subject to tenant’s rights.  The rent is $800 per month and the rent will be prorated at closing date, any security deposits, if any, will be transferred at closing.  It is the responsibility of the new buyer to give the tenant a 30 day notice, if so desired.
• Termination on the tillable ground has been served by the seller to the tenant.  Land is selling free and clear for the 2020 farming season.
• Termination on the pasture ground & feedlot has been served by the seller to the tenant.  Full possession will be given on March 1, 2020.
• 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.
• Tracts #1 & 2 have been surveyed and will sell lump sum price.  Tracts #3 & 4 will be surveyed by a licensed surveyor, with the surveyed acres being the multiplier.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.
• Tracts #1 & 2 have a recorded well easement and a recorded driveway access easement.  Copies are available for review.
• Tract #1, the Seller will have the septic system pumped & inspected and acquire the DNR Time of Transfer certificate for the septic system.  This shall be done prior to closing.
• 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.
• 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 real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Following the Real Estate we will the equipment for Keith Byerly Estate 
Click here for the equipment list

KCMB Trust & Keith Byerly EstateCheryl L. Byerly – Trustee
Janice J. Kerkove – Attorney for Trust

For details contact auction manager, Terry Hoenig at Steffes Group, 319.385.2000 or by cell 319.470.7120

Downloads:
Tract 3 - Soil Map
Tract 4 - Soil Map
Day of Auction Contract - Tract 1 & 2
Day of Auction Contract - Tract 3
Day of Auction Contract - Tract 4
Survey Plat
Survey Overlay
Survey Subdivision Overlay