LEE COUNTY IOWA LAND AUCTION

FT. MADISON, IOWA

Land is located 2 miles north of Ft. Madison, Iowa on X32/303rd Avenue, then 1 mile west on 193rd Street, then 1/2 mile north on 295th Avenue.  Watch for auction signs.

Auction to be held at the Denmark Fire Station, 408 North 5^th, Denmark, Iowa.  

SOLD ! !

Tract #1 - $11,200 x 90.92 Acres = $1,018,304

Tract #2 - $4,300 x 24.97 Acres = $107,371

Tract #3 - 2.76 Acres Lump Sum = $27,500

Total Sale Price = $1,153,175

118.65 Surveyed Acres – SELLS IN 3 TRACTS

Selling Free and Clear for 2019!!

Tract 1 Survey - View Here! 

Tract 2 & 3 Survey - View Here!

TRACT #1 – 90.92 Surveyed Acres

Approx. 89.73 acres tillable

Corn Suitability Rating 2 of 69.4 on the tillable.

Located in Section 17, Washington Township, Lee County, Iowa.

TRACT #2 – 24.97 Surveyed Acres

FSA information: 15.57 acres tillable, balance being timber.

Corn Suitability Rating 2 of 51.3 on the tillable.

Located in Section 17, Washington Township, Lee County, Iowa.

TRACT #3 – 2.76 Surveyed Acres

Here is your chance to buy a country acreage with a potential building site along with a 56’x58’ barn and older confinement building.  Rathbun rural water adjacent to this Tract.

Located in Section 17, Washington Township, Lee County, Iowa.

Terms: 20% down payment on November 17, 2018. Balance due at closing with a projected date of January 2, 2019, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of January 2, 2019.

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 on Tract #1

Gross                           $2,434.13

Ag. Credit                 ($134.61)

Net                               $2,299.000  Approx.

Real Estate Taxes on Tract #2

Gross                           $466.20

Ag. Credit                ($24.41)

Net                               $442.00 Approx.

Real Estate Taxes on Tract #3

Gross                           $85.55

Ag. Credit                ($2.53)

Net                               $83.00 Approx.

Special Provisions:

• The farm is selling free and clear for the 2019 farming season and immediate tillage rights will be granted.
• It shall be the obligation of the buyer(s) to report to the Lee 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. Final tillable acres will be determined by the Lee County FSA office.
• All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for Tracts #1 & Tracts #2.  Tract #3 will be sold lump sum price.
• The buyer of Tract #2 shall be responsible for installing a new driveway entrance at buyer’s expense and according to the specifications of Lee County.  Tract #3 shall grant a temporary use of the current driveway entrance up to 1 year or until the new driveway entrance is built, whichever occurs first.
• 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 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).
• 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(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 same.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Clarence Grossman Estate

Randy Grossman – Executor

R.L. (Dick) Fehseke, Jr. – Attorney for Estate

For more information contact Terry Hoenig of Steffes 
at 319.385.2000 or 319.470.7120 (cell)

Downloads:
Tract 1 - Survey Overlay
Tract 1 - Survey Plat
Tracts 2 & 3 - Survey Overlay
Tracts 2 & 3 - Survey Plat