DES MOINES COUNTY LAND AUCTION

WEST BURLINGTON, IOWA
From Highway 34 Exit 258, ¼ miles north on Beaverdale Road, then ½ miles west on Washington Road.

Auction to be held at the Danville Community Building, 104 West Shepherd St., Danville, IA.

111 Acres M/L – SELLS IN 3 TRACTS

“Selling Choice with the Privilege”

Tracts #1, 2 & 3 will be sold price per acre and will be selling Choice with the Privilege.  High bidder may take Tract #1, Tract #2 or Tract #3 or any combination of tracts, in any order, times their high bid.  This will continue until all tracts are sold.  Tracts will not be recombined. 

Tract #3 – 18.54 Taxable Acres M/L - WILL NOT BE SELLING

LAND SOLD FOR:

TRACT #1 - 60.46 x $10,200 = $616,692.00

TRACT #2 - 32.20 x $10,700 = $344,540.00

Total - $961,232.00

Tract #1 – 60.46 Taxable Acres M/L

FSA information: 59.11 acres tillable
Corn Suitability Rating 2 of 84.1(86.2 CSR1) on the tillable.
Located in Section 29, Flint River Township, Des Moines County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $2,412.22
Ag. Credit                  ($130.58)
Net                              $2,282.00 (Rounded)

Tract #2 –  32.20 Taxable Acres M/L

FSA information: 31.28 acres tillable
Corn Suitability Rating 2 of 87.4(90.7 CSR1) on the tillable.
Located in Section 28, Flint River Township, Des Moines County, Iowa.

Real Estate Taxes on Tract #2
Gross                          $1,351.88
Ag. Credit                  ($73.18)
Net                              $1,278.00 (Rounded)

Tract #3 – 18.54 Taxable Acres M/L - WILL NOT BE SELLING

TERMS ON ALL TRACTS

Terms:10% down payment on November 4, 2019.  Balance due at closing with a projected date of December 19, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 19, 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.

Special Provisions:

• The seller has served termination to the tenant on the tillable ground and is selling free and clear for the 2020 farming season.
• It shall be the obligation of the buyer(s) to report to the Des Moines  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.
• Seller shall not be obligated to furnish a survey on any tracts. 
• 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)
• The buyer(s) 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(s).
• 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.

Owners: Dorothy Kelly, Steven Kelly, Michael Kelly, Craig Welsh, Sheryl Geiger and Mark Welsh
Sara L. Haas – Attorney for Sellers

For details contact auction manager Nate Larson of Steffes Group, 319.385.2000 or by cell, 319.931.3944