Olds, Iowa
Land is located ¾ miles south of Olds on Highway 218/27, then 2 ½ miles east on Highway 78.

Auction to be held at Steffes Group Auction Facility, 2245 East Bluegrass Road, Mt. Pleasant, Iowa.

THURSDAY, MARCH 2, 2023 AT 1PM

117± Acres – Sells In 2 Tracts

87.4 CSR2

Buyer to Receive 100% of the 2023 Cash Rent!

Auctioneer’s Note:  If you are looking for farmland investment, check out this land with 87.4 CSR2.  Tenant already in place for the 2023 crop year with the Buyer receiving 100% of the 2023 cash rent.  Join us for this live auction in person or online!

“Selling Choice with the Privilege”
Tracts will be sold price per acre and will be selling Choice with the Privilege.  High bidder may take Tract 1 or Tract 2 or Both Tracts times their high bid.  This will continue until Both Tracts are sold.  Tracts will not be recombined.

Tract #1 - 40± Deeded Acres
FSA indicates: 39.91 acres tillable.
Corn Suitability Rating 2 is 87.4 on the tillable acres.
Located in Section 24, Wayne Township, Henry County, Iowa.
View Tract 1 - Soil Map
View Tract 1 - FSA Field Map
View FSA 156 EZ form

Tract #2 – 77.043± Deeded Acres
FSA indicates: 72.45 acres tillable.
Corn Suitability Rating 2 is 80.4 on the tillable acres.
Buildings include: 40’x70’ machine shed, 40’x40’ building, 30’x46’ hoop building, 16’x66’ open hog building with concrete lot, 7,054 bu. grain bin, 3,902 bu. grain bin.
Located in Section 24, Wayne Township, Henry County, Iowa.
Not included: 500 gal. LP tank, LP tank on running gear, Fuel tank, Hay bales in hoop building, Tenant’s farm equipment.
View Tract 2 - Soil Map
View Tract 2 - FSA Field Map
View FSA 156 EZ form

Terms: 10% down payment on March 2, 2023.  Balance due at final settlement with a projected date of April 14, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of April 14, 2023. (Subject to tenant’s rights on the tillable land)
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. 

The following taxes are approximate and will be used to prorate at closing:
Tract 1 - Tax Parcel: 030022410000300 - $1,464.00 Net
Tract 2 - Tax Parcels: 030022420000600, 030022420000400 - $2,706.00 Net

Special Provisions:

• The land is rented for the 2023 farming season. The Buyer will receive 100% of the 2023 cash rent, as follows:
  Tract 1 - $250 X 39.91 = $9,977.50
  Tract 2 - $250 X 72.45 = $18,112.50
  The first half payment which is due March 1, 2023 will be paid to the Seller and will be credited to the Buyer at final settlement/closing. The tenant will pay the second half payment to the Buyer, due September 1, 2023.

• It shall be the responsibility of the Buyer to serve tenant notice prior to September 1, 2023, if so desired.
• It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. Final tillable acres to be determined by the FSA office, as tract lines may overlap field lines.
• Land will be sold by the acre with Deeded acres being the multiplier for each tract. The Seller shall not be obligated to furnish a survey.
• 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.
• It shall be the responsibility & expense of the Buyer of Tract 2 to separate off the electric and install a separate electric meter.
• 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 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.

Sellers: Delores A Messer Estate, Lucas Messer, Charles L Messer III
Laura M. Krehbiel – Referee

For more information contact Tim Meyer of Steffes Group at 319-385-2000 or 319-750-1233

Tim Meyer - Iowa Real Estate Broker Officer - B36355000
Steffes Group, Inc., 2245 East Bluegrass Road, Mt. Pleasant, IA 52641