DES MOINES COUNTY LAND AUCTION

Mediapolis, Iowa

Located 1 ½ miles east of Mediapolis on Mediapolis Road, then 4 ½ miles southeast on Pegtown Road, then ½ mile south on Falcon Road.  Watch for auction signs.   

Bidding Opens: Friday, March 13^th     

Bidding Closes: Friday, March 20, 2020 at 10:00 AM

14 Deeded Acres M/L – SELLS IN 1 TRACT

Looking to own a piece of the country?  Look at what this smaller tract of land has to offer!  Tillable land, with a potential building site!  Rathbun rural water runs along the east side of the property.

FSA indicates: 14.29 NHEL acres tillable.

Corn Suitability Rating 2 of 77.2 on the tillable acres.

Located in Section 10, Benton Township, Des Moines County, IA

Terms: 10% down payment on March 20, 2020. Balance due at final settlement with a projected date of May 4, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of May 4, 2020.

Real Estate Taxes: To be prorated to date of possession based on the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Real Estate Taxes

Net: $384.00 (Rounded)

Special Provisions:

• The buyer will have the choice of the land being free and clear for the 2020 farming season OR there is a lease in place for 2020 at $285 per tillable acre with rent being due on November 1, 2020.
• This online auction will have a 10% buyer’s premium, capped at $1,000.  This means the buyer’s premium in the amount of ten percent (10%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.  The maximum buyer’s premium charge will be $1,000.
• Bidding on the tract will be by the acre.
• Down payment is due on the day the bidding closes.
• The seller shall not be obligated to furnish a survey.
• It shall be the obligation of the buyer to report to the Des Moines County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.
• 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.
• Buyer shall cooperate by signing any needed paperwork, at no additional cost to them, in a 1031 exchange, if the seller opts to do so.
• The buyer shall be responsible for any fencing in accordance with Iowa state law.
• The buyer 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.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is 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.
• The Seller’s son, Nate Larson is a licensed real estate agent in the State of Iowa.
• Any announcements made the day of sale take precedence over advertising.

Owner: Jack Larson
William R. Jahn, Jr. – Attorney for Seller

For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed. Down payment is due on the day the bidding closes.