DAVIS COUNTY, IOWA LAND AUCTION

BLOOMFIELD, IOWA
Land is located 2 miles north of Bloomfield on Highway 63, then 1 ¼ miles east on 195th Street/County Hwy-J37,
then ½ mile north on Nutmeg Avenue, then 1 ¼ miles east on 190^th Street, then 1 mile north on Peach Avenue,
then ½ mile east on 180^thStreet.

Auction to be held at Southfork Motel & Grill, Banquet Room,
907 South Washington Street, Bloomfield, Iowa 52537

THURSDAY, DECEMBER 30, 2021 AT 10AM

38.70 Surveyed Acres – SELLS IN 1 TRACT

Survey Now Complete - View Survey

Online Bidding Available!!

Auctioneer’s Note: Here is an opportunity, the Seller has signed this farm up for the CRP program. The Buyer will be responsible for planting the CRP. The Buyer would also have the option to take the land out of CRP and pay the associated penalties & fees to do so.

38.70 Surveyed Acres

Approx. 32 acres tillable of which approx. 30 acres are in CRP as follows:

30 acres X $160.62 = $4,818.60 and expires on 9-30-2031 (Contract enrolled 10-1-2021).

Corn Suitability Rating 2 is 46 on the tillable acres.

Land has a pond.

Located in Sections 10 & 11, Perry Township, Davis County, Iowa.

View Soil Map

View FSA Information

Terms:10% down payment on December 30, 2021. Balance due at closing with a projected date of February 14, 2022, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of February 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.

Net Taxes $758.00 (Approx.)      

Special Provisions: 

• The tillable land is selling free and clear for the 2022 farming season.
• It shall be the obligation of the Buyer to report to the Davis County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. C. CRP Prorate.  D. Final tillable acres.
• Buyer will be responsible for planting the CRP land as required by the FSA.  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 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.
• The land will be surveyed by a licensed surveyor.  The land will be sold by the acre with gross surveyed acres being the multiplier.  If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing. 
• 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 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.
• 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 Buyers 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.
• Any announcements made the day of sale take precedence over advertising.

Richard P. Wilcox

For information contact Steffes Group at 319.385.2000;
Mason Holvoet at 319.470.7372 or Nate Larson at 319.931.3944

Downloads:
Soil Map
FSA Information
Survey
Real Estate Contract