274± Acres – Sells in 4 Tracts

Tract 1 – 142± Acres – subject to final survey

•        FSA indicates: 128.97 cropland acres.
•        Corn Suitability Rating 2 is 80.1 on the cropland acres.
•        This tract has some tile. 
•        Located in Section 4, Dayton Township, Iowa County, Iowa.
•        Tax Parcels: 10404020, 10401030, Part 010401022, 10402013 = $4,503.00 Net Approx.
•        View FSA Field Map
•        View Tract 1 & 2 - FSA 156 EZ Form
•        View Tract 1 - Soil Map
•        View Tract 1 - Tile Map

Tract 2 – 40± Acres

•        FSA indicates: 26.48 cropland acres.
•        Corn Suitability Rating 2 is 53.6 on the cropland acres.
•        Balance of the land has a pond & pasture.
•        This tract has some tile.
•        Located in Section 4, Dayton Township, Iowa County, Iowa.
•        Tax Parcel: 10404040 = $786.00 Net 
•        View FSA Field Map
•        View Tract 1 & 2 - FSA 156 EZ Form
•        View Tract 2 - Soil Map
•        View Tract 2 - Tile Map

Tract 3 – 77± Acres

•        This tract was previously enrolled in CRP but was not reenrolled, making it available for your use. Whether you're looking to convert it to row crop production, establish it as hay ground, or set it up as a hunting property—with a food plot and pond already in place—the possibilities are wide open.
•        FSA indicates: 70.49 cropland acres.
•        Corn Suitability Rating 2 is 57.6 on the cropland acres.
•        Located in Section 9, Dayton Township, Iowa County, Iowa.
•        Tax Parcels: 10902020, 10902010 = $1,766.00 Net 
  
•        View FSA Field Map
•        View Tract 3 & 4 - FSA 156 EZ Form
•        View Tract 3 - Soil Map 

Tract 4 – 15± Acres – subject to final survey

•        FSA indicates: 11.27 cropland acres.
•        Corn Suitability Rating 2 is 63 on the cropland acres.
•        This tract has some tile.
•        Located in Section 33, Lincoln Township, Iowa County, Iowa.
•        Tax Parcel: 093304036 = $334.00 Net 
•        View FSA Field Map
•        View Tract 3 & 4 - FSA 156 EZ Form
•        View Tract 4 - Soil Map
•        View Tract 4 - Tile Map

Terms: 10% down payment due on June 3, 2025. Balance due at final settlement/closing with a projected date of July 18, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Landlord’s Possession: Projected date of July 18, 2025. Tract 3 is selling free & clear for 2025. Tracts 1, 2 & 4 are selling subject to tenant’s rights on the tillable land for the 2025-2026 farming season, full possession March 1, 2026.
Real Estate Taxes: To be prorated to date of the landlord’s possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This online auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
•        Tracts will be linked together with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on all the tracts linked together 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 linked together.
•        Down payment is due on the day the bidding closes, and signing of the real estate contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the down payment/earnest money will be due the following business day.
•        Tracts 1, 2 & 4 are selling subject to tenant’s rights on the tillable land for the 2025-2026 farming season (March 1, 2025 - February 28, 2026). Buyer will receive the second half payment from the tenant as follows:

o   Tract 1 Buyer will receive the second half rent payment of $12,900.00 from the tenant, due October 1, 2025

o   Tract 2 Buyer will receive the second half rent payment of $2,648.00 from the tenant, due October 1, 2025.

o   Tract 4 Buyer will receive the second half rent payment of $700.00 from the tenant, due October 1, 2025.  

•        It shall be the Buyer’s responsibility to give the tenant notice of termination of the farm tenancy prior to September 1, 2025, if so desired.
•        Tract 3 is no longer in CRP, therefore it is selling free and clear for the 2025 farming season.
•        It shall be the obligation of the Buyer to report to the appropriate 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 may overlap field lines.
•        Tracts 1 & 4 will be surveyed by a licensed surveyor, at Seller’s expense. Tract 1 & 4 will be sold on a per acre basis with gross surveyed acres being the multiplier used to determine the total bid amount. 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 final settlement/closing.
•        This real estate auction is selling subject to final approval of the survey and subdivision requirements of the county, if required.
•        Tracts 2 & 3 will be sold on a per acre basis with gross Assessor’s acres being the multiplier used to determine the total bid amount.
•        The Seller is not required to provide a survey of Tracts 2 & 3. If the Buyer chooses to obtain a survey, the cost of the survey will be the Buyer’s responsibility. The total contract purchase price will not be adjusted to reflect any differences between the surveyed acres and acres stated.
•        Tract 1 has a 1998 recorded easement on the east side of Tract 1 for ingress and egress along the former secondary road now vacated, in favor of the adjoining landowners, Marian W. & Shirley J. Conner.
•        Tract 1 will have an easement established on the east side of Tract 1 for ingress and egress along the former secondary road now vacated, in favor of the adjoining land being kept by the family.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (Spouses constitute one Buyer).
•        This auction sale is not contingent upon Buyer’s financing, appraisal(s), 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 and paid to Seller.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        The Buyer shall be responsible for installing 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, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, 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. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of auction take precedence over advertising.