MUSCATINE COUNTY LAND AUCTION

The land is located from the intersection of Highway 61 bypass & Isett Avenue proceed ½ mile north on Isett Avenue.  Watch for signs.

Auction to be held at the Muscatine Agricultural Learning Center, 3200 Lucas Street, Muscatine, Iowa.

SOLD FOR:

Tract #1 $410,000

Tract #2 $235,000

106.85 Acres M/L – SELLS IN TWO TRACTS


“Selling Choice with the Privilege” 
Tracts #1 & 2 will be sold lump sum price and will be selling Choice with the Privilege.  High bidder may take Tract #1 or Tract #2 or both tracts, for their high bid.  This will continue until both tracts are sold.


Auctioneer’s Note:  If you are looking to build, this auction offers a unique opportunity with potential building sites with tillable, timber & pasture ground, all located on a hard surface road.  The farm is selling Free and Clear for the 2017 farming season.  


TRACT #1 – 71.86 Taxable Acres M/L
This is a great combination farm that has it all, tillable, timber, pasture and a secluded pond.  Build your dream home here and enjoy the country setting.  Frontage on Isett Avenue.  Currently zoned CO-R1 (Single family-large lot).

FSA information: Approx. 44 HEL acres tillable, 6.62 acres pasture with the balance being timber. 
Corn Suitability Rating 2 of 77.3 on the tillable & pasture
Located in Section 23, Bloomington Township, Muscatine County, Iowa.


TRACT #2 – 34.99 Taxable Acres M/L
This tract offers a potential building site with plenty of room to enjoy the great outdoors.  Frontage on Isett Avenue.  Currently zoned CO-R1 (Single family-large lot).

FSA information: Approx. 9.76 HEL acres tillable, balance being timber & pasture. 
Corn Suitability Rating 2 of 69.4 on the tillable.
Located in Section 23, Bloomington Township, Muscatine County, Iowa.

Not Included: 2016 crops

Terms: 20% down payment on October 27, 2016. Balance at closing with a projected date of December 9, 2016, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 9, 2016.  (Subject to tenants’ rights)
Real Estate Taxes:  To be prorated to date of closing 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              $1,958.33
Ag. Credit           (106.57)
Net                  $1,852.00 (Rounded)

Tract #2
Gross              $818.07
Ag. Credit          (45.34)
Net                  $ 772.00 (Rounded)




Special Provisions: 
• Termination has been served to the tenants of the tillable and pasture ground.   The farm is being sold free and clear for the 2017 farming season.
• It shall be the obligation of the buyer(s) to report to the Muscatine 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.  Please note that the final tillable acres will be determined by the Muscatine County FSA office, as this land is being split from other tillable land that is not selling.
• The seller shall not be obligated to furnish a survey.
• 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 any fencing in accordance with Iowa state law.
• 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.
• Any announcements made the day of sale take precedence over advertising.

Owners: Kenneth C. Bierman, Janice L. Dougherty, Helen Brennan & Gladys Murphy

John R. Eichelberger – Attorney for Sellers

For more information contact Nate Larson of
Steffes Group at 319.385.2000 or 319.931.3944