Muscatine, IA
Land is located 10 miles south of Muscatine on Stewart Road/County Road X61. OR 2 miles east of Grandview on 148^th Street/Cemetery Lane, then 2 miles south on H Avenue, then 1.3 miles east on County Road X61.

Bidding Opens: Tuesday, October 31^st
Bidding Closes: Tuesday, November 7, 2023 at 1PM

43± Acres – Sells in 1 Tract
Selling Free and Clear for the 2024 Farming Season!

Auctioneer’s Note: Seeking a smaller piece of land along the Mississippi River? Check out this land with tillable row crop acres with timber along the levee of the Mississippi River. Bid your price on this ideal sized property.

Terms: 10% down payment on November 7, 2023. Balance due at final settlement with a projected date of December 22, 2023, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 22, 2023 (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. The seller shall pay any unpaid real estate taxes payable in prior years.

Tax parcels: 531277000, 532152000, 532178000, 532307000 = $1,048.00 Net
Drainage/Pump Project/Levee Assessment: $1,431.00

Special Provisions:

•        This online auction will have a 5% buyer’s premium. This means a 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.
•        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.
•        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.
•        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 to be determined by the FSA office (Please note FSA field map line crosses the north survey line).
•        The Seller has given tenant notice; therefore, the land will be selling free & clear for the 2024 farming season.
•        A recorded survey from 1974 indicates 43.09 gross surveyed acres.  Land will be sold by the acre with gross surveyed acres of 43.09 being the multiplier used to determine the total bid amount.
•        The survey shows 17 cabin lots adjacent to the levee. The seller states there are no existing leases. Any future plans of these lots would be subject to review & regulations of Louisa County and U.S. Army Corps of Engineers.
•        This auction sale is not contingent upon the 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 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.
•        All lines, drawings, boundaries, dimensions, and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        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 on the day of sale take precedence over advertising.

Seller: Gretland, L.L.C.

Eric Schmitt of Washington Law Office, LLP – Closing Attorney

For more information contact Tim Meyer of Steffes Group Inc. at 319.385.2000 or 319.750.1233.