Burlington, IA Located 6.5 miles north of Burlington on Highway 61, then 1.2 miles east on 160th St. to 11348 160th St. OR 6.5 miles south of Mediapolis on Highway 61, then 1.2 miles east on 160th St to 11348 160th St.
Bidding Opens: Tuesday, April 2nd Bidding Closes: Tuesday, April 9, 2024 at 10AM
Open House on Tuesday, March 26th from 10-11AM
77.52± Acres – Sells in 4 Tracts
Auctioneer’s Note:Is it your dream to own a property in the country?This timed online auction offers a slice of the country everybody dreams about!Diverse tracts offering tillable land, hunting/recreation, country acreage and a Morton pole building.All within minutes of Mediapolis or Burlington!Don't miss out on the chance to make this dream a reality – join the auction and then bid to win!
Tract 1 – 48.19± Surveyed Acres
FSA indicates 34.82 cropland acres.
Corn Suitability Rating 2 is 73.2 on the cropland acres.
Located in Section 25, Franklin Township, Des Moines County, Iowa.
Tax Parcels: 06-25-300-005, 06-25-400-003 = $1,300.00 Net
Terms: 10% down payment on April 9, 2024. Balance due at final settlement with a projected date of May 23, 2024, upon delivery of merchantable abstract and deed and all objections having been met. Possession:Tract 1 – Projected date of May 23, 2024, subject to tenant’s rights on the tillable land.Tracts 2, 3 & 4 – Projected date of May 23, 2024. 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.
Special Provisions:
This online auction is a NO BUYER'S PREMIUM OR BUYER FEE.
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 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 linked 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.
The tenant has relinquished their rights to farm for 2024, therefore the farm is selling free and clear for the 2024 farming season!
Tract 1 is selling subject to tenant’s rights on the tillable land for the 2024 farming season.Terms will be posted at SteffesGroup.com
It shall be the obligation of the Buyer of Tract 1 to serve termination to the tenant, prior to September 1, 2024, if so desired.
It shall be the obligation of the Buyer to report to the Des Moines County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
Tracts 1, 2 & 3 will be surveyed by a licensed surveyor, at Seller’s expense.Tracts 1 & 2 will be sold by the acre with gross surveyed acres being the multiplier used to determine the total bid amount.Tracts 3 & 4 will be sold lump sum price.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 Tracts 1 & 2, where the gross surveyed acres were used for the multiplier.No adjustments will be made to Tract 3, as it is selling lump sum price.
The Seller shall not be obligated to furnish a survey for Tract 4.
This real estate auction is selling subject to final approval of the survey and subdivision requirements of the county.
This real estate auction is selling subject to court approval.
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).
Tract 2 has a water spigot which is believed to be from the well of Tract 3.If Tract 2 & Tract 3 are two different Buyers, it shall be the responsibility of both Buyers to work out an agreement, post auction.Closing shall not be held up due to lack of an agreeable water agreement. (Rural water is in the area.)
Tract 3, due to this being an Estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance, or other matters to the septic system will be at the Buyer's expense in accordance with Des Moines County & Iowa Laws & regulations.
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 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 the day of sale take precedence over advertising.
Seller:Michael F. Perry Estate
Darrell Brase – Executor Gregory A. Johnson – Closing Attorney
< Click Here to View > Upcoming Equipment Auction of Items from the Michael F. Perry Estate
Closing on Wednesday, April 10, 2024 at 10:30AM
John Deere 6300 MFWD Tractor w/Loader – Case 1150B Crawler/Loader – Dump Truck – Vehicles – Trailer & More
For information contact Mason Holvoet of Steffes Group at 319.385.2000 or 319.470.7372
Mason Holvoet - Iowa Real Estate Salesperson S69890000 Steffes Group, Inc., 2245 East Bluegrass Road, Mt. Pleasant, IA 52641
