FAYETTE COUNTY, IOWA LAND & ACREAGE AUCTION

Home:

• 3,710 sq. ft. of total living space, built in 1994.
• Vaulted ceilings in kitchen, dining & living room.
• Spacious kitchen with Corian counter tops, breakfast bar & center island.
• Dining area with French doors to deck & patio area.
• Sunken living room with hardwood floors.
• Master bedroom with walk-in closet, master bath with jetted tub, double vanity.
• Two additional bedrooms.
• Home office.
• Full bathroom with washer/dryer hookups.
• Basement with large family room/game room & dry bar, two non-conforming bedrooms, ¾ bathroom, exercise room with built in gun cabinets, furnace room with Lennox Pulse 21 high efficient gas forced air furnace & central air and storm shelter.
• Heated 25’x30’ garage with basement stairway.
• Well services both home & shop.
• Backup generator services both home & shop.
• Flagstone concrete patio overlooking the stocked pond. Pond stocked with bass, catfish & bluegill.  Pond has aeriation pump.
• FSA indicates 0.66 acres tillable.

 Buildings:

• 60’x160’ storage warehouse with 23’Wx16’T bifold door, 2 sliding doors, concrete floors & ½ bath. This has an adjoining corridor to a 30’x56’ shop with a sliding door.
• 24’x40’ heated shop with radiant heat, concrete floors, 3’ concrete side walls & 12’Wx10’T overhead door. The adjoining 42’x32’ heated wash bay has concrete floors, 28” concrete side walls & 14’Wx10’T overhead door.
• Attached between the warehouse & heated shop is a 16’x16’ break room.

Included: 1,000 gal. LP tank, 500 gal. LP tank, Remaining LP in the LP tanks, Lawn shed, Backup generator, Reznor hanging heater, Water softener, Reverse osmosis system, Refrigerator(in basement), Any item present on the day of possession.
Not included: Refrigerator, Stove, Dishwasher, Microwave, Washer, Dryer, Wood bar top, Freezer, Attached & unattached shelving, Pallet racking, Fuel tanks, Deer stands, All personal property.

Tract 2 – 67.21 Acres M/L
FSA indicates: 33.59 tillable acres of which 1.93 acres are in CRP as follows:
1.15 acres X $292.00 = $336.00 and expires on 9-30-2030.
0.78 acres X $204.00 = $159.00 and expires on 9-30-2030.
Corn Suitability Rating 2 is 50.9 on the tillable acres.
This tract also offers hunting & recreation with 2 ponds, timber and located along the Volga River.
Located in Section 26, Illyria Township, Fayette County, Iowa.

View Tract 2 - Soil Map
View Tract 2 - FSA Field Map
View Tract 2 - FSA Field Map 2
View Tract 2 - FSA 156 EZ form
View Tract 2 - CRP Contract
View Tract 2 - CRP Contract 2

Tract 3 – 40 Acres M/L
FSA indicates: 15.50 tillable acres of which 15.50 acres are in CRP as follows:
15.5 acres X $275.33 = $4,268.00 and expires on 9-30-2030.
Part of this land has a Wetlands Reserve Easement.  Click Here to View WRP Easement Information
Corn Suitability Rating 2 is 58.9 on the tillable acres.
Located in Section 27, Illyria Township, Fayette County, Iowa.
This tract also offers hunting & recreation as the CRP practice is CP38E-2, which is apart of the State Acres for Wildlife Enhancement (SAFE) – Gaining Ground for Wildlife, which is designed to restore native grassland to benefit grassland songbirds.

View Tract 3 - Soil Map
View Tract 3 - FSA Field Map
View Tract 3 - FSA 156 EZ form
View Tract 3 - CRP Contract

Terms: 10% down payment on May 17, 2022. Balance due at final settlement with a projected date of July 1, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of July 1, 2022 on buildings & land. (Subject to tenant’s rights on the land.)  Possession of the home will be September 1, 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.

Tract 1 – Parcels 1235100001 & 1234200004 - Net - $6,230.00
Tract 2 – Parcels 1234200012, 1235100013, 1226300006 - Net - $904.00
Tract 3 – Parcels 1227400004 - Net - $702.00

Special Provisions:

• The online buyer’s premium of $1,000 per Tract will be added to the bid amount to arrive at the total contract purchase price.
• Tracts will be tied together with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
• 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.
• The Row Crop land is rented for the 2022 crop year. Seller will retain 100% of the 2022 crop rent.
• It shall be the responsibility of the Buyer to serve tenant of the row crop land notice, prior to September 1, 2022, if so desired.
• It shall be the obligation of the Buyer to report to the Fayette County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. 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 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.
• Tract 1 will be selling lump sum price. Tract 1 has a recorded surveyed.
• Tracts 2 & 3 will be sold by the acre, with Assessor acres being the multiplier. The Seller shall not be obligated to furnish a survey on Tracts 2 or 3.
• Currently Tract 3 has an easement by prescription across the adjoining land owner to access the southwest corner of Tract 3.
• In the event Tracts 1, 2 & 3 are different Buyers, then Tract 1 will have an agricultural easement established in favor of Tract 2 for ingress & egress south of the buildings across the lawn to the field of Tract 2.
• In the event Tracts 2 & 3 are the same Buyer, then no easement will be needed on Tract 1.
• Buyer of Tract 1 shall bear the responsibility and expense to have the septic system pumped & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Fayette County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Fayette County Sanitarian for the septic system.
• 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).
• 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.
• 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 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.

Click Here to View the Timed Online Fettkether Construction Concrete Construction Equipment Auction

Sellers: Fettkether Construction, Inc., ATF Farms, Inc. & Anthony J. Fettkether
Brian Kane – Closing Attorney for Seller

For information contact Nate Larson of Steffes Group at 319.385.2000 or 319.931.3944

Downloads:
Fettkether Auction Flyer
Tract 2 - Soil Map
Tract 3 - Soil Map
Tract 1 - FSA Field Map
Tract 1 - FSA 156 EZ form
Tract 2 - FSA Field Map
Tract 2 - FSA Field Map 2
Tract 2 - FSA 156 EZ form
Tract 2 - CRP Contract
Tract 2 - CRP Contract 2
Tract 3 - FSA Field Map
Tract 3 - FSA 156 EZ form
Tract 3 - CRP Contract
WRP Easement Information
Seller's Property Disclosure
Tract 1 - Real Estate Contract
Tract 2 - Real Estate Contract
Tract 3 - Real Estate Contract