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LARGE Louisa County, IA Land Auction
GRANDVIEW, IOWA
Land is located 1 ½ miles northeast of Grandview on County Road G44X.
Auction to be held at the Letts Community Center, 165 W Iowa Street, Letts, IA
TUESDAY, NOVEMBER 9, 2021 AT 10AM
614.91 Surveyed Acres M/L – Sells In 10 Tracts
Survey Now Complete
View [ Survey ] [ Survey Overlay ]
89.1 CSR2!
Selling Free & Clear for 2022 Farming Season!
Online Bidding Available!
Auctioneer’s Note: Steffes Group is honored to offer at Live Public Auction the Louis Gaeta, Inc. land. Take advantage of this rare opportunity to add to your farmland investment portfolio of 610 contiguous acres, only separated by County Road G44X. Tile maps will be posted on steffesgroup.com
“Selling Choice with the Privilege”
Tracts 1-10 will be sold price per gross surveyed acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts 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 1 – 112.09 Surveyed Acres M/L
Approx. 109 acres tillable.
Corn Suitability Rating 2 is 89.1 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 1 Soil Map
View Tile Map 1
View Tile Map 2
View Tile Map 3
Tract 2 – 102.20 Surveyed Acres M/L
Approx. 99 acres tillable.
Corn Suitability Rating 2 is 87.4 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 2 Soil Map
View Tile Map 1
View Tile Map 2
View Tile Map 3
Tract 3 – 62.85 Surveyed Acres M/L
Approx. 49 acres tillable.
Corn Suitability Rating 2 is 87.7 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
This tract has a submersible well.
Tract 3 Soil Map
View Tile Map 5
Tract 4 – 100.88 Surveyed Acres M/L
Approx. 78 acres tillable.
Corn Suitability Rating 2 is 85.5 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 4 Soil Map
View Tile Map 2
View Tile Map 3
View Tile Map 4
Tract 5 – 15.52 Surveyed Acres M/L
Approx. 7.5 acres tillable.
Corn Suitability Rating 2 is 84.3 on the tillable acres
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 6 – 27.43 Surveyed Acres M/L
Approx. 15.5 acres tillable.
Corn Suitability Rating 2 is 72.8 on the tillable acres
Located in Sections 11 & 14, Grandview Township, Louisa County, Iowa.
Tract 6 Soil Map
View Tile Map 5
Tract 7 – 6.37 Surveyed Acres M/L
Approx. 4.5 acres tillable.
Corn Suitability Rating 2 is 82.5 on the tillable acres.
Located in Section 11, Grandview Township, Louisa County, Iowa.
Tract 8 – 29.08 Surveyed Acres M/L
Approx. 28 acres tillable.
Corn Suitability Rating 2 is 84.8 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 9 – 64.76 Surveyed Acres M/L
FSA indicates: 46.5 acres tillable.
Corn Suitability Rating 2 is 86.9 on the tillable acres.
Located in Section 14, Grandview Township, Louisa County, Iowa.
Tract 10 – 93.73 Surveyed Acres M/L
Looking for a hunting or recreational piece of land? This could be your piece of the country with acres of timber to explore!
Located in Sections 11 & 14, Grandview Township, Louisa County, Iowa.
FSA Information for All Tracts
Terms: 10% down payment on November 9, 2021. Balance due at final settlement with a projected date of December 27, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 27, 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.
The following taxes are approximate and will be used to prorate at closing:
Tract 1 - $4,658.00 Net
Tract 2 - $4,064.00 Net
Tract 3 - $2,419.00 Net
Tract 4 - $3,425.00 Net
Tract 5 - $488.00 Net
Tract 6 - $791.00 Net
Tract 7 - $167.00 Net
Tract 8 - $1,277.00 Net
Tract 9 - $1,971.00 Net
Tract 10 - $78.00 Net
Special Provisions:
- Seller has served termination to the tenant and the land is selling free and clear for the 2022 farming season.
- It shall be the obligation of the Buyer to report to the Louisa County FSA office and show filed deed 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 FSA office, as some fields are combined and/or overlap Tract lines.
- All tracts will be surveyed by a licensed surveyor. Tracts will be sold by the acre with gross surveyed acres being the multiplier for said tracts. If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing.
- 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.
- 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 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 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.
- Steffes Group, Inc. is representing the Seller.
- Any announcements made the day of sale take precedence over advertising.
Louis Gaeta, Inc.
Jamie Bosten – Attorney for Seller
For information contact Steffes Group at 319.385.2000;
Russ Lamp at 319.212.0774 or Terry Hoenig at 319.470.7120
Downloads:
Tract 1 Soil Map
Tract 2 Soil Map
Tract 3 Soil Map
Tract 4 Soil Map
Tract 5 Soil Map
Tract 6 Soil Map
Tract 7 Soil Map
Tract 8 Soil Map
Tract 9 Soil Map
FSA Information
Tile Map - Tracts 1 & 2
Tile Map - Tracts 1, 2 & 4
Tile Map - Tracts 1, 2 & 4
Tile Map - Tract 4
Tile Map - Tracts 3 & 6
Survey
Survey Overlay
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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.
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Bidding History
More Info:
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.
Place your bid:
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Bidding History
More Info:
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. Payment is due within 2 business days or additional charges may incur.
Place your bid:
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Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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Close
Bidding History
More Info:
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.
Place your bid:
Please ensure cookies are enabled in your browser settings in order to bid.
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