AUCTION INFORMATION
235.97 Surveyed Acres – Sells as 2 Tracts
“Selling Choice with the Privilege”
Tracts 1 & 2 will be selling Choice with the Privilege and will be sold price per gross surveyed acre times the bid price. Whereas the high bidder may choose Tract 1 or Tract 2 or Both Tracts, times their high bid. This will continue until Both Tracts are sold. Tracts will not be recombined.
Tract 1 – 88.92 Surveyed Acres
- FSA indicates 71.91 cropland acres of which 20.39 acres are in CRP as follows:
o 14.07 acres X $212.00 = $2,983.00 and expires on 9-30-2033.
o 3.16 acres X $172.00 = $543.52 and expires on 9-30-2030.
o 1.84 acres X $289.38 = $532.45 and expires on 9-30-2024.
o 1.32 acres X $162.00 = $213.84 and expires on 9-30-2030.
Tract 2 – 147.05 Surveyed Acres
- Approx.: 129 tillable acres of which 20.32 acres are in CRP as follows:
- 7.68 acres X $172.00 = $1,320.96 and expires on 9-30-2030.
- 3.98 acres X $289.38 = $1,151.73 and expires on 9-30-2024.
- 8.66 acres X $162.00 = $1,402.92 and expires on 9-30-2030.
- Corn Suitability Rating 2 is 76.5 on the tillable acres.
- Located in Section 36, Summit Township, Marion County, Iowa.
- Tax Parcels: 22877-000-00, 22881-000-00, 22883-000-00, 2288-0000-00, 22882-000-00, Part of 22876-000-00 = $4,149.00 Approx. Net
- View FSA Aerial Map, 156 EZ Form, CRP Contracts
- View Updated Tract 2 - Soil Map
- View Survey Plat
- View Survey Overlay
- View Final Survey Plat
- View Tract 2 - Real Estate Contract
Terms: 10% down payment on October 30, 2024. Balance due at final settlement with a projected date of December 13, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 13, 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 auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
- Down payment is due upon the completion of the auction and signing of the real estate contracts will take place onsite or through email and electronic document signatures.
- The Seller has served termination to the tenant, therefore the land is selling free and clear for the 2025 farming season.
- It shall be the obligation of the Buyer to report to the Marion 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. D. Final tillable acres shall be determined by the FSA office as FSA field lines overlap Tract lines.
- There is Certain waterway construction work and maintenance that is required by the appropriate Marion County Farm Service Agency in connection with both Tracts, which is estimated to incur a cost of approximately $30,010 (collectively, the “FSA Work”). On or following the Target Closing Date, Buyers of each Tract agree to manage and complete the FSA Work on a 50/50 cost-share basis and take all commercially reasonable steps necessitated in connection with the effectuation thereof. The 50/50 cost-share basis is between Buyers and the Farm Service Agency. View FSA Waterway Information
- 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.
- Both Tracts will be surveyed by a licensed surveyor, at Seller’s expense. Both Tracts 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.
- 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).
- 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 or published the day of auction take precedence over advertising.
