Alburnett, IA
Land is located 2 ¾ miles north of Alburnett on W58/N Alburnett Road, then 2 ½ miles on E16/Central City Road.

Bidding Opens: Thursday, June 23^rd  
Bidding Closes: Thursday, June 30, 2022 at 10AM

80 Deeded Acres M/L – Sells in 1 Tract

Auctioneer’s Note:  Buy quality with this investment piece of Iowa farmland with 77.03 acres tillable with a 88 CSR2 rating!  Bid your price on this Steffes Group timed online auction.

80 Deeded Acres M/L
FSA indicates: 77.03 NHEL acres tillable.
Corn Suitability Rating 2 is 88 on the tillable acres.
Located in Section 9, Otter Creek Township, Linn County, Iowa.
Not included: 2022 crops.
View FSA field map
View FSA 156 EZ form
View Soil Map

Terms: 10% down payment on June 30, 2022. Balance due at final settlement with a projected date of August 15, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of August 15, 2022 (Full possession shall be given upon the complete of the 2022 fall harvest).
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.

Tax parcels: 060912600100000 & 060915100100000 - Net $3,318.00

Special Provisions:

• This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Land will be sold by the acre with deeded acres of 80 being the multiplier used to determine the total bid amount.
• Seller shall not be obligated to furnish a survey.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
• If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
• Land is being farmed by the Seller for the 2022 farming season. Full possession shall be given upon the completion of the 2022 fall harvest and fall tillage rights shall be given to Buyer. Land is selling free and clear for the 2023 farming season.
• It shall be the obligation of the Buyer to report to the Linn County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
• 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 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 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.

Seller: Windfield Farms, Inc.

Kyle W. Wilcox - Closing Attorney for Seller