148.91± Acres – Sells in 2 Tracts

89.8 CSR2

Selling Free and Clear for the 2027 Farming Season!

Tract 1 – 38± Acres – pending final survey

•        Approx.: 36.5 tillable acres.
•        CSR2 is 88.5 on the tillable acres.
•        Tract has some tile, view website for tile map & invoices.
•        Located in Section 8, Cedar Township, Black Hawk County, Iowa.
•        Tax Parcel: 871208476001 = $1,316.00 Net

Tract 2 – 110.91± Acres – pending final survey

•        Approx.: 107 tillable acres.
•        CSR2 is 89.8 on the tillable acres.
•        Tract has some tile, view website for tile map & invoices.
•        Located in Section 8, Cedar Township, Black Hawk County, Iowa.
•        Tax Parcels: 871208426001, 871208401001, 871208326001 = $3,892.00 Net

Information on Entire Farm

• FSA indicates: 145.58 NHEL tillable acres.
• CSR2 is 89.4 on the tillable acres.
• Corn base acres: 133.92
• Bean base acres: 9.80 

Terms: 10% down payment on September 1, 2026. Balance due at final settlement/closing with a projected date of October 16, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of October 16, 2026.  Selling subject to tenant’s rights on the land for the 2026-2027 farming season, full possession March 1, 2027.
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.

Special Provisions: 

•        This online auction will have a 5% buyer’s fee. This means a buyer’s fee 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 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 to 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 or at Steffes Group’s Mt. Pleasant, IA office.  In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
•        Seller will give tenant notice of termination of farm tenancy prior to September 1, 2026, therefore land is selling free and clear for the 2027 farming season.  Full possession will be March 1, 2027.  Seller shall retain 100% of the 2026 rent.
•        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 overlap field lines.
•        Tracts 1 & 2 will be surveyed by a licensed surveyor, at Seller’s expense.
•        Tracts 1 & 2 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.
•        If one Buyer purchases both tracts, the Seller shall only be obligated to furnish one abstract, one deed and one survey plat. (Spouses constitute one Buyer).
•        In the event of two separate buyers, a field tile easement/maintenance agreement shall be agreed upon, prior to final settlement/closing.
•        In the event the Seller decides to pursue a 1031 exchange, the Buyer agrees to cooperate with the Seller by signing customary documents, at no additional expense to the 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 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.