JOHNSON COUNTY, IOWA ACREAGE AUCTION

OXFORD, IOWA
Located at 2942 Eagle Avenue NW, Oxford, IA 52322. Conveniently located between Tiffin & Oxford on Highway 6.

Bidding Opens: Wednesday, July 14

Bidding Closes: Wednesday, July 21, 2021 at 4PM

Open House on Wednesday, July 7^th from 4-5PM

FOUR BEDROOM HOME ON 12.20 ACRES M/L – 1 TRACT

This home is located across from F.W. Kent Park on Highway 6.  The four bedroom, ranch style home offers 1,504 sq.ft. of living space on the main level and tillable land income.

Floor Plan:

• Kitchen w/ refrigerator, stove & trash compactor.
• Living room with vaulted ceilings.
• Dining room with vaulted ceilings.
• Four bedrooms.
• 1 ½ baths.
• Wood deck w/ fenced yard.
• Walkout basement with 1 car garage, workshop area & laundry area.

Amenities of the Home:

• Steel roof.
• Replacement windows.
• Natural gas forced air furnace & central air.
• Established windbreak.
• Well.
• Four portable buildings.
• 12.20 Taxable acres M/L.
• Land Information:
• Approx. 11 acres tillable.
• FSA indicates: 11.91 acres tillable. View FSA Aerial
• Corn Suitability Rating 2 is 53.7 on the tillable acres.
• Located in Sections 23 & 24, Oxford Township, Johnson County, Iowa.

Included: Refrigerator, Stove, Trash compactor, (4) Portable buildings, Any item present on the day of closing.
Not included: Washer, Dryer, Fuel barrels, All personal property.

Terms:10% down payment on July 21, 2021. Balance due at closing with a projected date of September 7, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of September 7, 2021. (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.

Real Estate Taxes – Tax Parcel # 0523402001
Gross                     $ 3,923.15
Homestead Cr.          ($143.41)
Net                      $ 3,780.00

Special Provisions:

• This online real estate auction will have a buyer’s premium of $1,000.  This will be added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• Bidding on the Tract will be lump sum price.
• 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.
• Due to this being an estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer's expense in accordance with Johnson County & Iowa Laws & regulations.
• The tillable land is rented for the 2021 farming season. The Seller shall retain 100% of the cash rent for 2021.
• It shall be the responsibility of the Buyer to serve tenant notice, prior to September 1, 2021, if so desired.
• It shall be the obligation of the Buyer to report to the Johnson County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.
• 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 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 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 buyer has carefully and thoroughly inspected the real estate and is 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.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Samuel F. Wade Estate

Michelle Hamm – Executor

Michael J. Elwood – Attorney for Estate

For more information contact Terry Hoenig of Steffes Group,

319.385.2000 or 319.470.7120

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed.