HUGE THREE DAY LAND AUCTION

824.04 ACRES – TWO STATES – FIVE COUNTIES

IOWA & SOUTH DAKOTA

Auctioneer’s Note: Please join us for this Absolute Public Auction, selling to the highest bidder with no reserve or minimum bid.  An excellent opportunity to invest in farmland or add to your farming operation. 

AUCTION #1 – MONDAY, JULY 1, 2019 AT 10 A.M.

453.05 Acres M/L – Sells in Six Tracts – Warren County, Iowa

Also selling are contracts for deed!

Auction to be held at the Indianola Country Club, 1610 Country Club Road, Indianola, IA

“Selling Choice with the Privilege”

Tracts #1, 2 & 3 will be sold price per acre and will be selling Choice with the Privilege.  High bidder may take Tract #1, #2 or Tract #3, or any combination of said tracts, in any order, for their high bid.  This will continue until Tracts #1, 2 & 3 are sold.  Tracts will not be recombined.

Auction Contracts Now Available!

WARREN COUNTY LAND SOLD FOR:

Tract 1 - 80 x $4,200 = $336,000.00

Tract 2 - 150 x $3,100 = $465,000.00

Tract 3 - 80 x $3,100 = $248,000.00

Tract 4 - 23.05 x 6,600 = $152,130.00

Tract 5 - $119,000.00

Tract 6 - $11,000.00

TOTAL - $1,331,130.00



GUTHRIE COUNTY -  Tract 1 - $500

Warren County, Iowa - Tract #1
100% Interest In 80 Deeded Acres M/L
Tract #1 is located 1 mile east of Medora on G76, then 1 ½ miles north on 120^th Avenue, then 1 mile east on Tripoli Street.

Legal Description: The East One-half of the Northeast Quarter (E ½ NE ¼) of Section 13, Township Seventy-four (74) North, Range Twenty-four (24) West of the 5thP.M., Warren County, Iowa

FSA indicates: 66.04 acres tillable all of which are in the CRP program as follows:
63.36 acres at $219.50 = $13,908.00 and expires on 9-30-2027.
2.68 acres at $165.30 = $443.00 and expires on 9-30-2020.

Corn Suitability Rating 2 of 45 on the tillable acres.
Located in Section 13, Squaw Township, Warren County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $1,241.36
Ag. Credit                    ($54.84)
Net                              $1,186.00 (Rounded)

Warren County, Iowa - Tract #2
100% Interest In 150 Deeded Acres M/L
Tract #2 is located 1 mile east of Medora on G76, then 2 ½ miles north on 120^th Avenue.

Legal Description: The South One-half of the Northwest Quarter (S ½ NW ¼) and the North One-half of the Southwest Quarter (N ½ SW ¼), all in Section 12,Township Seventy-four (74) North, Range Twenty-four (24) West of the 5thP.M., Warren County, Iowa; EXCEPT Parcel “D” and the Remainder of Parcel “A” of the survey of the Northwest Quarter of the Southwest Quarter (NW ¼ SW ¼) of Section 12, Township 74 North, Range 24 West of the 5thP.M., Warren County Iowa, as shown in Book 2014 at Page 6444 in the Office of the Warren County Recorder.

Approx. 131 acres tillable of which approx. 88 acres are in the CRP program as follows:
Approx.  88 acres at $224.32 = $19,740.16 and expires on 9-30-2027.

The tillable (CRP & row crop) has a Corn Suitability Rating 2 of 58.2, of which approx.. 40 acres of row crop has a Corn Suitability Rating 2 of 87.
Located in Section 12, Squaw Township, Warren County, Iowa.

Real Estate Taxes on Tract #2
Gross                          $3,058.53
Ag. Credit                   ($136.40)
Net                              $2,920.00 (Rounded)

Warren County, Iowa - Tract #3
100% Interest In 80 Deeded Acres M/L
Tract #3 is located 1 mile east of Medora on G76, then 2 miles north on 120^th Avenue, then ½ mile east on Sherman Street.

Legal Description: The North One-half of the Southeast Quarter (N ½SE ¼) of Section 12,Township Seventy-four (74) North, Range Twenty-four (24) West of the 5^th P.M., Warren County, Iowa

Approx. 62.50 acres tillable of which approx. 61.5 acres are in the CRP program as follows:
Approx. 50 acres at $224.32 = $11,216.00 and expires on 9-30-2027.
Approx. 11.5 acres at $142.60 = $1,640.00 and expires on 9-30-2020.

Corn Suitability Rating 2 of 45.8 on the entire tract.
Located in Section 12, Squaw Township, Warren County, Iowa.

Real Estate Taxes on Tract #3
Gross                          $1,148.73
Ag. Credit                  ($53.44)
Net                              $1,096.00 (Rounded)

Warren County, Iowa - Tract #4
100% Interest In 23.05 Surveyed Acres M/L
Tract #4 is located 1 ½ miles south of Martensdale on R45, then ½ mile west on Kirkwood Street.  Ingress and Egress for this tract is through an easement from Kirkwood Street.

Legal Description:Parcel "L" of the survey of the Northwest Quarter of the Southeast Quarter of Section 33, Township 76 North, Range 25 West of the 5th P.M., Warren County, Iowa, as shown in Book 2013, Page 754 in the office of the Warren County Recorder. Ingress/Egress/Utility Easement for Parcel L and M: That part of Parcel N lying north of a line connecting the northwest corner of Parcel L to the southeast corner.

FSA indicates: 21.48 acres tillable acres.
Corn Suitability Rating 2 of 82.1 on the entire tract.
Located in Section 33, Jefferson Township, Warren County, Iowa.

Real Estate Taxes on Tract #4
Gross                          $606.64
Ag. Credit                  ($25.81)
Net                              $580.00 (Rounded)

Warren County, Iowa - Tract #5
75% Interest In 80 Deeded Acres M/L
Tract #5 is located 2 miles east of Indianola on G36, then 1 mile north on G36.

Legal Description: The West Half of the Northwest Quarter (W 1/2 NW 1/4) of Section 16, Township 76 North, Range 23 West of the 5th P.M., Warren County, Iowa.

FSA indicates: 64.26 acres tillable acres.
Corn Suitability Rating 2 of 77.9 on the tillable.
Located in Section 16, Lincoln ‘E’ Township, Warren County, Iowa.

Real Estate Taxes on Tract #5
Gross                          $1,975.18
Ag. Credit                  ($92.40)
Net                              $1,882.00 (Rounded)

Warren County, Iowa - Tract #6
Two Contracts For Deed - 40 Deeded Acres M/L
Tract #6 is located 1 mile west of Milo on G58, then ¾ miles north on 180^th Avenue.

Opportunity to bid your price for two contracts for deed.  There are two real estate contracts, where Cool Acres LLC is the seller.  The two contracts will be sold as one combined item, for one lump sum price.  Each contract conveys an undivided one-half interest in the following:  Legal Description: The SW¼ NW ¼ of Section 13, Township 75 North, Range 23 West of the 5^th P.M., Warren County, Iowa.  Please contact Steffes Group for terms of contract.  Please note 100% payment for Warren County, Iowa Tract #6 will be due the day of the auction.

Corn Suitability Rating 2 of 86.5 on the tillable acres.
Located in Section 13, Otter Township, Warren County, Iowa.

Terms for Warren County Tracts, except Tract #6

Terms: 10% down payment on July 1, 2019.  Balance due at closing with a projected date of August 1, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Upon closing. (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.

Guthrie County, Iowa - Tract #1
Contract For Deed – 4714 Johnson Pt, Panora, IA
Opportunity to bid your price on a contract for deed.  The contract for deed is for the property located at 4714 Johnson Pt, Panora, IA, 50216.  It is a 3 bedroom, 2,344 sq.ft. home built in 2001 with an attached 3 car garage and a 2 car detached garage.

In this real estate contract, Cool Acres LLC is the seller.  This will be sold lump sum price.   Please contact Steffes Group for terms of contract.  Please note 100% payment for Guthrie County, Iowa Tract #1 will be due the day of the auction.

Special Provisions for All Tracts:

• The farms are rented for the 2019 farming season.  The seller shall keep all 2019 rent payments.
• Farm leases will be terminated by the seller and full possession will be available for the 2020 crop year.
• It shall be the obligation of the buyer(s) to report to the appropriate  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.
• Buyer(s) 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 agree 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.
• Seller shall not be obligated to furnish a survey. 
• 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/South Dakota 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.
• Closing will take place at seller’s attorney office, unless other closing arrangements are made.
• Any announcements made the day of sale take precedence over advertising.

Cool Acres, LLC
Brian Heemstra, Scott Heemstra & Diane Clevenger

Steve Hendricks - Kersten Brownlee Hendricks PLLC – Attorney for Seller

For complete details contact auction manager, Nate Larson of Steffes Group, 319.385.2000 or by cell, 319.931.3944

Downloads:
Day of Auction Contract - Tract 1
Day of Auction Contract - Tract 2
Day of Auction Contract - Tract 3
Day of Auction Contract - Tract 4
Day of Auction Contract - Tract 5
Day of Auction Contract - Tract 6
Guthrie County Day of Auction Contract
Tract 2 Soil Map
Tract 3 Soil Map
Tract 4 Soil Map
Tract 5 Soil Map