CLINTON COUNTY, IOWA LAND AUCTION

Timed Online

CHARLOTTE, IOWA

Land is located 1 mile northwest of Charlotte on Highway 136, then ½ mile north on 308th Ave.

Bidding Opens: Wednesday, November 18     

Bidding Closes: Wednesday, November 25, 2020 at 10AM

80 Deeded Acres M/L – Sells in 1 Tract

FSA indicates: 78.7 acres tillable.

Corn Suitability Rating 2 is 46.6 on the tillable acres.

Located in Section 21, Waterford Township, Clinton County, Iowa.

View Soil Map

View FSA Information

Terms: 10% down payment on November 25, 2020.  Balance due at final settlement on or before December 29, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: December 29, 2020. (Subject to tenant’s rights)

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.

Real Estate Taxes:

Gross                  $2,078.48

Ag. Credit            ($74.71)

Net (Rounded)    $2,004.0

Special Provisions: 

• This online auction will have a buyer’s premium of $1,000 per Tract.  This will be added to the total bid amount to arrive at the total contract purchase price.
• The farm is rented for the 2021 farming season with a total payment of $19,500.  The rent will be paid by the tenant to the buyer as follows: $9,750 due in March and $9,750 due in September.
• It shall be the obligation of the buyer to serve termination notice to the tenant prior to September 1, 2021, if so desired.
• The seller shall not be obligated to furnish a survey.  Farm will be sold by the deeded acre, with the multiplier being 80. 
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• It shall be the obligation of the buyer to report to the Clinton 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.
• The Buyer shall be responsible for any fencing in accordance with Iowa state law.
• The Buyer will be responsible for installing his/her own entrance, 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.
• Any announcements made the day of sale take precedence over advertising.

James A. Nepple - Attorney for Seller

For information contact Terry Hoenig of
Steffes Group at 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.