STORY COUNTY IOWA LAND AUCTION

Maxwell, IA
From the south edge of Maxwell, the land is located ½ mile east on South Street, then ½ mile south on 657^th Avenue, then west on 330^th Street.
Please note prior to final settlement/closing there will be a recorded easement established thru the north adjoining land owner along the East border line from the northeast corner to the southeast corner, which shall be 20' wide to the west.

Bidding Opens: Wednesday, August 24   
Bidding Closes: Wednesday, August 31, 2022 at 4PM 

Auctioneer’s Note: Take a look at this recreational tract of land with Indian Creek running through the property.  Enjoy all the hunting & recreational opportunities this property has to offer!

43.58 Acres M/L – Sells in 1 Tract
FSA indicates: 13.04 acres tillable.
Corn Suitability Rating 2 is 65.4 on the tillable acres.
Located in Section 34, Indian Creek Township, Story County, Iowa.
View Field Map
View FSA 156 EZ form
View Soil Map
View Recorded Easement

Terms: 10% down payment on August 31, 2022. Balance due at final settlement/closing with a projected date of October 14, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of October 14, 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.

Tax parcels 15-34-200-255,15-34-200-450, 15-34-200-175 - Net $316.00

Special Provisions:

• This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Land will be sold by the acre with Assessor acres of 43.58 being the multiplier used to determine the total bid amount.
• Seller shall not be obligated to furnish a survey.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
• If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
• The land will be selling free and clear for the 2023 farming season.
• It shall be the obligation of the Buyer to report to the Story County FSA office and show filed deed in order to receive the following if applicable: Allotted base acres.  B. Any future government programs.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
• The Buyer shall be responsible for any fencing in accordance with state law.
• Please note prior to final settlement/closing there will be a recorded easement established thru the north adjoining land owner along the East border line from the northeast corner to the southeast corner, which shall be 20' wide to the west.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer.
• All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
• 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.
• All lines, drawings and boundaries are approximate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Seller: Charles Troup Estate

Nick AbouAssaly – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 319.385.2000 or 319.470.7372