137± Acres – Sells in 2 Tracts

Selling Free and Clear for 2026 Farming Season!

Tract 1 – 97.31± Acres

•        FSA indicates: 91.75 cropland acres.
•        CSR2 is 72.7 on the cropland acres.
•        Located in Section 14, Elk Creek-W Township, Jasper County, Iowa.
•        Tax Parcels: 1814100001, 1814100008, 1814100002, 1814100010 = $3,864.00 Net

Tract 2 – 40.57± Acres

•        Approx.: 36 cropland acres.
•        CSR2 is 74.5 on the cropland acres.
•        Located along the banks of the South Skunk River.
•        Located in Section 15, Elk Creek-W Township, Jasper County, Iowa.
•        Tax Parcels: 1815200003, 1815200007 = $1,510.00 Net

Terms: 10% down payment due on November 20, 2025. Balance due at final settlement/closing with a projected date of January 5, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of November 20, 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 the 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 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.
•        Tracts will be tied together with the bidding set to close simultaneously.  Bid placed within the last 4 minutes of the auction will extend the auction an additional 4 minutes.  Bid extensions continue and auction does not end until there are no bids placed for 4 minutes on any of the Tracts that are tied 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 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.
•        Tracts are selling subject to tenant’s rights on the tillable land for the 2025-2026 farming season (March 1, 2025 – February 28, 2026). Seller to retain 100% of the 2025 rent.
•        Seller has served the tenant notice of termination of the farm tenancy, therefore the land is selling free and clear for the 2026 farming season.
•        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 will be sold on a per acre basis with Assessor gross acres being the multiplier used to determine the total bid amount.
•        The Seller is not required to provide a survey on any Tract.  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.
•        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 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 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/Buyer acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of auction take precedence over advertising.