HENRY COUNTY, IOWA LAND AUCTION

MT. PLEASANT, IOWA
Land is located 1 mile north of Rome, IA, then ½ mile east on Old Highway 34. 
Or from Mt. Pleasant from the intersection of Old Highway 34 & Franklin Ave/W55, proceed 3 ½ miles west.

Auction to be held at the Steffes Group Auction Facility, 2245 East Bluegrass Road, Mt. Pleasant, Iowa.

138.90 Surveyed Acres -  Sells In 1 Tract

72.3 CSR2 !
Online Bidding Available!

Auctioneer’ Note:  Here is a great opportunity to purchase tillable land with hunting & recreational opportunities & income.  Borders the Skunk River.

138.90 Surveyed Acres
FSA indicates: 120.05 acres tillable of which 17.97 acres are in the CRP program as follows: 
8.47 acres at $283.88 = $2,404.00 and expires on 9-30-2024.
9.5 acres at $191.03 = $1,815.00 and expires on 9-30-2023.
Corn Suitability Rating 2 is 72.3 on the tillable.
Located in Sections 28 & 33, Trenton Township, Henry County, Iowa.

View FSA information

View Soil Map

Not Included: Hunting stands.

Terms: 10% down payment on July 21, 2021.  Balance due at final settlement with a projected date of September 6, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of September 6, 2021 (Subject to tenant’s rights on the tillable land.  Subject to hunting rights, which expire March 2022).
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. 
The following taxes are approximate and will be used to prorate at closing:
Tax Parcels: 070043310000500 & 070042830000500
Gross  $4,106.06
Ag Cr.         ($145.18)
Net $3,960.00


Special Provisions:
• The Seller has served termination to the tenant on the tillable land and is selling free and clear for the 2022 farming season.  Hunting rights lease will expire March 2022.  All 2021 rents shall be retained by Seller.
• It shall be the obligation of the buyer to report to the Henry 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.
• 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 agrees 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.
• The land was surveyed in 2014.  Land will be sold by the acre with gross surveyed acres will be the multiplier.
• 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 shall be responsible for any fencing in accordance with Iowa state law.
• 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.
• Any announcements made the day of sale take precedence over advertising.

Dr. Satyanarayana Kantamneni & Jagadamba Kantamneni
Kevin J. Kuckelman - Attorney for Sellers

For more information contact Terry Hoenig of Steffes Group, 
319.385.2000 or 319.470.7120

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.