46± Acres – Sells in 1 Tract - subject to final survey

•        FSA indicates: 34.11 cropland acres
•        CSR2 is 52.4 on the cropland acres.
•        Balance of land is timber.
•        Located in Section 26, Van Buren Township, Lee County, Iowa.
•        Tax Parcels: 012712261000020, Part 012712261000030, Part  012712261000050 = $952.00 Approx. Net
•        View FSA 156 Form & FSA Field Map
  
•        View Soil Map

Terms: 10% down payment due on July 16, 2025. Balance due at final settlement/closing with a projected date of August 29, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of August 29, 2025. (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 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 real estate auction will have a 5% buyer’s premium. This means the 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 real estate contracts will take place through email and electronic document signatures, or in person at the Mt. Pleasant, IA Office.  In the event the auction bidding closes after 3:00pm, the down payment/earnest money will be due the following business day.
•        Land is 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:   $2,558.25, due December, 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.
•        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.
•        Land will be surveyed by a licensed surveyor, at Seller’s expense. Land will be sold by the acre 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.
•        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 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, 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.