SEALED BID AUCTION INFORMATION

683.46± Acres – Offered in 9 Tracts

Selling Free and Clear for the 2026 Farming Season!

Tract 1 – 77.5± Acres

•        77± cropland acres.
•        CSR2 is 79 on the cropland acres.
•        Located in Section 17, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: 06171-26001-00000, 06171-01001-00000 = $3,304.00 Net

Tract 2 – 79± Acres

•        79± cropland acres.
•        CSR2 is 80.4 on the cropland acres.
•        Located in Section 17, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: 06171-51001-00000, 06171-76001-00000 = $3,432.00 Net

Tract 3 – 70.8± Acres

•        70± cropland acres.
•        CSR2 is 63.5 on the cropland acres.
•        Located in Section 27, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: 06271-51003-00000, 06274-26001-00000 = $2,434.00 Net

Tract 4 – 77.11± Acres

•        76± cropland acres.
•        CSR2 is 67.9 on the cropland acres.
•        Located in Section 27, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: 06271-76002-00000, 06274-01001-00000 = $2,832.00 Net

Tract 5 – 112.56± Acres – pending Tract 9 survey approval

•        110± cropland acres.
•        CSR2 is 81.9 on the cropland acres.
•        Located in Sections 21, 22, 27 & 28, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: Part 06281-01001-00000, Part 06214-76001-00000, 06223-51001-00000= $4,887.00 Approx. Net

 Tract 6 – 140.13± Acres

•        134± cropland acres.
•        CSR2 is 70.4 on the cropland acres.
•        Located in Sections 21 & 22, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: 06211-76001-00000, 06222-51001-00000, 06214-01001-00000, 06223-26002-00000 = $5,202.00 Net

 Tract 7 – 98.26± Acres – pending Tract 9 survey approval

•        97± cropland acres.
•        CSR2 is 70.9 on the cropland acres.
•        Located in Sections 21 & 28, Otter Creek Township, Linn County, Iowa.
•        Tax Parcels: Part 06281-26001-00000, Part 06214-51001-00000, 06213-76008-00000, 06282-01004-00000 = $3,605.00 Approx. Net

 Tract 8 – 12.49± Acres

•        11.48± cropland acres.
•        CSR2 is 79.3 on the cropland acres.
•        Located in Section 21, Otter Creek Township, Linn County, Iowa.
•        Tax Parcel: 06213-76006-00000 = $522.00 Net

Tract 9 – 2 Story Home & Buildings on 15.61± Surveyed Acres – pending survey approval

•        Renovated country home with 4 bedrooms, 1 3/4 baths, 2,332 total sq. ft. of living space on two levels.  This historic home was built in 1845 and was remodeled & updated in 2014.
•        Home features a beautiful kitchen with breakfast island, refrigerator, stove, microwave & dishwasher. 
•        The main level has a living room with gas fireplace (non-functioning, needs to be checked prior to use), main bedroom w/ ¾ bath, formal dining room, laundry room w/ washer & dryer, mudroom w/ sink and a four-season family room with mini split unit.  The upstairs offers 3 bedrooms and a full bathroom.
•        Amenities include a 19kw solar panel electrical system, concrete patio, garden space, high efficient gas furnace & central air, steel roof, new septic system installed in 2016 and a new well in 2014, older well in pump house.  Property has natural gas.
•        32’x36’ detached 3 car garage w/ concrete floor, insulated, steel lined, electric heat & mini split unit.
•        Outbuildings include:

o   48’x128’x20’ pole building machine shed, ½ concrete floor, 24’X16’ OH door & sliding side door, built in 2010.

o   45’x75’x18’ pole building machine shed,18’x16’ OH door, concrete floor, hydrant & 19kw solar panel system, built in 2017.  This building was used as flat storage, approx. 20 bu.  Bunker walls included.

o   32’x48’x15’ steel frame building, 14’x12’ OH door, dirt floor & hydrant.

o   30’x48’ and 32’x90’ adjoining machine sheds.

o   20’x36’ workshop w/ stove.

o   64’x98’ barn, 40’x50’ barn, 30’x44’ corn crib.

o   18’x132’ cattle shed.

o   Other older sheds & buildings.

•        Grain bins include: Sukup grain dryer system, 19,794 bu., 16,098 bu., 8,486 bu., (2) 7,446 bu., 6,540 bu., (2) 5,648 bu., (2) Grain legs, (4) Silos
•        Balance of land is timber.
• Address: 3053 Roosevelt St, Alburnett, IA.
• Tax Parcels: Part 06281-01001-00000, Part 06281-26001-00000, Part 06214-76001-00000, Part 06214-51001-00000 = $5,706.00 Approx. Net
•        Included: Grain Dryer, Bunker walls, LP tanks, Solar panel system, (2) 1,000 gal fuel tanks, Refrigerator, Stove, Microwave, Dishwasher, Washer, Dryer, Water softener, Shop stove, Attached work benches, Any item present on the day of final settlement/closing.
•        Not included: Refrigerator (in family room), (2) Freezers (in basement) Swing set, Playground equipment, All furniture, shop equipment & personal property, Any item listed on the Windfield Farms, Inc. Retirement auction.

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 Thursday, December 11, 2025 at 10:00AM 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. For Tracts 1-8, balance due at final settlement/closing with a projected date of February 11, 2026, upon delivery of merchantable abstract and deed and all objections having been met.  For Tract 9, balance due at final settlement/closing with a projected date of April 1, 2026.
Possession: Tracts 1-8 = Projected date of February 11, 2026. Tract 9 = Projected date of April 1, 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.
•        Land will be offered in 9 tracts.
•        Buyer may submit offers on one, multiple or all nine 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 of Tracts 1-8.  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.
•        Tract 9 will be surveyed at Seller’s expense.  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, no adjustments to the final contract price will be made, as it will be selling lump sum price.
•        This sealed bid real estate auction is selling subject to final approval of Tract 9 survey and subdivision requirements of the county/city.
•        Tract 9 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 9 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.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (Spouses constitute one Buyer).
•        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.