Steffes Group | Lucas County, IA Land Auction - 144± Acres, 1 Tract

Auctioneer’s Note: Don't let this opportunity slip away: bid your price on this timed online auction for a piece of land boasting an annual CRP income exceeding $27,000 and featuring timber and a small pond, all conveniently situated just minutes from Chariton, IA.

144.34± Acres
- FSA indicates: 131.77 cropland acres of which 128.48 are in CRP as follows:
128.48 acres X $212.15 = $27,257.00 and expires on 9-30-2026.
- Corn Suitability Rating 2 is 63.7 on the cropland acres.
- Seller states property has terraces with tile.
- Located in Section 13, Whitebreast Township, Lucas County, Iowa.
View FSA 156 EZ form, FSA Field Map, CRP Contract
View Soil Map

Terms: 10% down payment on November 1, 2023. Balance due at final settlement with a projected date of December 15, 2023, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 15, 2023.
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: 613100001, 613100002, 613100003, 613100004 = $3,004.00 Net

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 Lucas 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. CRP Prorate.
Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the Buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agrees to indemnify and hold harmless the Sellers for any recovery sought by the FSA due to actions of Buyer, which would violate the requirements of the CRP.
It shall be the Sellers responsibility & expense to have the IHAP program released from all land prior to final settlement/closing. Therefore, the land will be selling free & clear of any public hunting rights.
Land will be sold by the acre with Assessor acres of 144.34 being the multiplier used to determine the total bid amount.
The Seller shall not be obligated to furnish a survey.
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 the day of sale take precedence over advertising.

Sellers: Perry A. & Reva M. Heston

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