18.24± Acres – Offered in 2 Tracts

Selling Free and Clear for the 2026 Farming Season!

Tract 1 - Four Bedroom Home on 2± Acres

•        This custom-built home has four bedrooms, 3 baths and 2,102 sq. ft. of living space on the main level.  Home was built in 2013.
•        Home offers an open floor plan with a welcoming entry way, living room with gas fireplace and adjoining dining area, all with hard wood flooring.
•        You’ll love preparing for your family & guests in the kitchen with Berch custom cabinets, granite counter tops, tiled backsplash, large pantry with pull out shelving and breakfast bar. 
•        Spacious main bedroom with ensuite bathroom with jetted tub,  separate shower, large vanity, skylight & walk in closet.
•        Also on the main level there are two additional bedrooms, full bathroom & a laundry room with built-in coat storage.
•        The basement has a family room with bar, bedroom, full bathroom, office, storage room, storm shelter room & utility room.
•        Other highlights include an attached heated 2 car garage with floor drain, detached 10’x12’ shed with concrete floor, and a 18’x18’ & 10’x10’ tiered deck overlooking the fenced backyard.
•        Amenities include a 9kw solar panel electrical system, Generac backup generator, Beam central vac system, Heil high efficient gas furnace, Alliant natural gas & electric, USA Communication fiber internet, and a well.
• Address: 4007 E. Otter Road, Alburnett, Iowa
• Tax Parcel: 06213-76005-00000 = $5,274.00 Net
• Included: Stove, Microwave, Dishwasher, Solar panel system, Water softener, Any item present on the day of final settlement/closing.
• Not included: Refrigerator, Washer, Dryer, Mirror in guest bathroom, All furniture & personal property.

Tract 2 – 16.24± Acres

• 8± tillable acres with 75.7 CSR2 on the tillable acres.
• Balance of land being timber with East Otter Creek running through the property.
• Located in Section 21, Otter Creek Township, Linn County, Iowa.
• Tax Parcels: 06213-76007-00000, 06213-76010-00000 = $546.00 Net

 How to Bid: There are three ways to submit a bid for this sealed bid auction format. All sealed bids need to be received by Friday, January 16, 2026 at 1:00PM CST

1. Docusign: Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com 

2. Email: Download Sealed Bid Form from SteffesGroup.com. Email completed form to mason.holvoet@steffesgroup.com. If emailed, it shall be the bidder’s responsibility to confirm bid form has been received.

3. In person: Make an appointment with Mason Holvoet to fill out the Sealed Bid Form.  Contact Mason at (319) 470-7372.

Terms: If you are declared the winning bidder, 10% down payment is due upon acceptance, with balance due at final settlement/closing with a projected date of March 2, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of March 2, 2026.
Real Estate Taxes: To be prorated to date of final settlement/closing on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This sealed bid 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.
•        Offered in 2 tracts.
•        Buyer may submit offers on one or both tracts.
•        Bidding will be total dollar amount, not per acre amount.
•        There will be no “final round” of bidding, unless a tie bid occurs. If a tie bid occurs, only the parties with tying bids will be contacted to raise said bid.
•        Seller reserves the right to accept, reject or counter offer any and all bids. Seller may enter negotiations with one or more Bidders.
•        Down payment is due upon acceptance and signing of the purchase agreement will take place through email and electronic document signatures, or in person at the Steffes Group Mt. Pleasant, IA Office. In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
•        The land is selling free and clear for the 2026 farming season.
•        It shall be the obligation of the Buyer(s) 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 FSA field lines may overlap Tract lines.
•        The Seller is not required to provide a survey.  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.
•        This sealed bid real estate auction is selling subject to final approval of any survey and/or subdivision requirements of the county/city, if required.
•        Tract 1 Buyer shall bear the responsibility and expense to have the home inspected as required by Linn County.  Any repairs or updates required from the Linn County inspection shall be the responsibility and expense of the Buyer.
•        Tract 1 Buyer shall bear the responsibility and expense to have the septic system pumped & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Linn County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Linn County Sanitarian for the septic system.
•        This sealed bid auction 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 exclusively representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of the submission deadline take precedence over advertising.