Agency, IA
From the west edge of Agency on W. Main St., proceed a ¼ mile south on 80^th Ave to 7172 80^th Ave., Agency, IA.

Bidding Opens: Thursday, September 21^st
Bidding Closes: Thursday, September 28, 2023 at 1PM

Open House on Thursday, September 14^th, from 1-2PM

42± Acres – Sells in 2 Tracts

Auctioneer’s Note: The outdoors is calling your name! Tract 1 beckons a cozy 3-bedroom, 1,392 sq. ft. home boasting a spacious 40’x54’ attached heated & air-conditioned garage. Situated on this impressive 2.5± acre parcel, you'll discover a detached 24'x24' garage and a 28'x60' barn, ready to accommodate all your storage and livestock. Tract 2 is a true gem in the countryside with 39.5± acres. This tract offers endless recreational opportunities including excellent timber cover, approx. 14 acres of hay ground, a pond and a potential building site.

Tract 1 – Three Bedroom Home on 2.5± Acres – Subject to final survey
Located at 7172 80th Ave., Agency, IA.

•        This home offers 1,392 sq. ft. of living space and was built in 1910.
•        The kitchen was updated in 2016 with a beautiful Amish built oak kitchen with pantry, quartz counter tops, refrigerator, stove & dishwasher.
•        Off of the kitchen is a laundry/mud room with Samsung front load washer, dryer & sink.
•        Main level offers a living room, full bathroom and 3 bedrooms.
•        Unfinished basement with washer, dryer and Ruud Achiever 90 gas furnace with central air.
•        Home amenities include new shingles in 2023, natural gas, rural water and a well with several hydrants throughout the property.
•        Plenty of shop space with a large 1,964 sq.ft. attached garage.  The garage is heated, central air, concrete floor with floor drain, hot & cold water faucets, (2) 10’x9’ overhead doors, (1) 12’x9’ overhead door, 12’x10’ overhead door, 10’x10’ overhead all with openers.
•        Detached 24’x24’ garage with heat, 220v electric & concrete floors.
•        5 small storage sheds all wired with electricity.
•        28’x60’ pole barn, suited for horses or livestock.

Included: Refrigerator, Stove, Dishwasher, (2) Washers, (2) Dryers, Chest freezer, Water softener, 9-camera surveillance system, Any item present on the day of final settlement/closing.
Not included: All farm equipment & personal property.

Tract 2 – 39.5± Acres – Subject to final survey

•        Approx.: 14 acres tillable, currently in hay crop production.
•        Corn Suitability Rating 2 is 52 on the tillable acres.
•        Excellent habitat for wildlife with timber with a pond (believed to be spring fed).
•        Located in Section 35, Agency Township, Wapello County, Iowa.

View FSA Field Map
View FSA 156 EZ Form
View Tract 2 - Soil Map

Terms: 10% down payment on September 28, 2023. Balance due at final settlement/closing with a projected date of November 10, 2023, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of November 10, 2023.
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. 

Tract 1 – Parcel 002033530071000, Part of Parcel 2033530073000 = Net $1,924.00 Approx.
Tract 2 – Parcel 2033530072000, Part of Parcel 2033530073000 = Net $450.00 Approx.

 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.
•        Tracts will be tied together with the bidding set to close simultaneously. 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. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
•        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.
•        Tillable land is selling free and clear for the 2024 farming season.
•        It shall be the obligation of the Buyer to report to the Wapello 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 as tract lines overlap field lines.
•        Both tracts will be surveyed by a licensed surveyor.  Tract 1 will be sold lump sum price.  Tract 2 will be sold by the acre with gross surveyed acres being the multiplier for said tract.  In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing only on Tract 2, where the gross surveyed acres were used for the multiplier.  No adjustments will be made on Tract 1, as it is selling lump sum price.
•        This real estate auction is selling subject to final approval of the survey and subdivision requirements of the city & county.
•        The Seller had the septic tank pumped this year.  Buyer of Tract 1 shall bear the responsibility and expense to have the septic system  inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Wapello County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Wapello County Sanitarian for the septic system.
•        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).
•        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.
•        Buyer of Tract 2 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.
•        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 the day of sale take precedence over advertising.

Sellers: Terry L. & Gale L. Dunkin
Dustin D. Hite of Heslinga, Dixon & Hite - Closing Attorney for Seller