Louisa County Iowa Land Auction

AINSWORTH, IOWA
Land is located 4 miles east of Ainsworth on Highway 92, then

1 mile south on W66, then 1 ½ miles east on 150^th Street to 26646 150^th Street.

Auction to be held at the Youth Learning Center at the Louisa County Fairgrounds, Columbus Junction, Iowa.  

161.83 Surveyed Acres – SELLS IN THREE TRACTS

LAND SOLD FOR:

Tract 1 - 62.81 x $10,500 = $659,505.00

Tract 2 - 58.54 x $3,900 = $228,306.00

Tract 3 - 40.48 x $2,800 = $113,344.00

Total: $1,001,155.00

Survey Now Available! Click Here!

“Selling Choice with the Privilege”

Tract #1 will be sold price per surveyed acre and will be sold first.

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

Selling Free & Clear for 2019 Farming Season! 

TRACT #1 – 62.81 Surveyed Acres

FSA information: 59.02 acres tillable

Corn Suitability Rating 2 of 82.5 on the tillable.
There is an abandoned farmstead home on this property.

Located in Section 28, Columbus City ‘W’ Township, Louisa County, Iowa.

TRACT #2 – 58.54 Surveyed Acres

FSA information: 26.65 acres tillable, balance being timber & pasture.

Corn Suitability Rating 2 of 72 on the tillable.

There is a 42’x52’ barn, windmill & other small buildings on this property.

Located in Section 28, Columbus City ‘W’ Township, Louisa County, Iowa.

TRACT #3 – 40.48 Surveyed Acres

Here is a timber piece with a small pond and access from a dirt road.  Secluded and perfect for hunting or recreational opportunities!

Located in Section 28, Columbus City ‘W’ Township, Louisa County, Iowa.

Terms: 20% down payment on November 13, 2018. Balance due at closing with a projected date of December 26, 2018, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 26, 2018.

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

 Tract #1

Gross:             $2,669.52

Ag. Credit:        ($91.53)

Net:                $2,578.00 (Approx.)

 
Tract #2

Gross:             $1,530.78

Ag. Credit:        ($62.21)

Net:                $1,468.00 (Approx.)

 Tract #3

Gross:             $622.08

Ag. Credit:    ($25.45)

Net:                $596.00 (Rounded)

Special Provisions:

• The seller has served termination to the tenant on the tillable ground and is selling free and clear for the 2019 farming season.
• It shall be the obligation of the buyer(s) to report to the Louisa 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.
• All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each Tract.
• 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.
• 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 Louisa County & Iowa Laws & regulations.
• 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.

Virginia Kinney Estate
Lori Shoultz – Executor

Steven A. Sents – Attorney for Estate

For information contact auction manager Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)

Downloads:
Tract 1 - Soil Map (Tillable)
Tract 2 - Soil Map (Tillable)
Survey Plat
Survey Overlay
Day of Auction Contract - Tract 1
Day of Auction Contract - Tract 2
Day of Auction Contract - Tract 3