Don’t miss this opportunity to bid on prime Washington County farmland featuring strong CSR2 ratings, selling free and clear for the 2025 farming season!
LOCATION Tract 1 is located 3 miles east of Washington, IA on Highway 92, then 3 miles south on Spruce Ave., then 0.5 miles west on 280th St. Tract 2 is located 3 miles east of Washington, IA on Highway 92, then 3 miles south on Spruce Ave., then 1 mile east on 280th St.
OPENING: Tuesday, December 24
CLOSING: Tuesday, December 31, beginning at 1:00 PM CST
SELLERS Sandra Koehler Estate & Koehler Farms Philip D. McCormick of Whitfield & Eddy Law - Closing Attorney
AUCTION INFORMATION
147.88± Acres – Sells in 2 Tracts
Tract 1 – 111.48± Acres
FSA indicates: 107.89 cropland acres.
Corn Suitability Rating 2 is 80.9 on the cropland acres.
This tract has some pattern tile.
Located in Section 36, Washington Township, & Section 1, Marion Township, Washington County, Iowa.
Tax Parcels: 11-36-300-015, 15-01-100-002 = $4,746.00 Net
FSA indicates: 35.75 cropland acres of which 4.27 acres are in CRP as follows: 3.77 acres X $302.40 = $1,140.00 and expires on 9-30-2025. 0.50 acres X $260.76 = $130.00 and expires on 9-30-2032.
Corn Suitability Rating 2 is 78.2 on the cropland acres.
Located in Section 32, Oregon Township, Washington County, Iowa.
Terms: 10% down payment on December 31, 2024. Balance due at final settlement with a projected date of February 14, 2025, upon delivery of merchantable abstract and deed and all objections having been met. Possession: Projected date of February 14, 2025. 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 online auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
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 all the tracts linked together will extend 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. In the event the auction bidding closes after 3:00pm, the down payment/earnest money will be due the following business day.
Seller has served termination to the tenant, therefore the land will be selling free and clear for the 2025 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. CRP Prorate.
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.
Tracts will be sold by the acre with Washington County Assessor’s Grand Total acres being the multiplier used for each tract to determine the total bid amount.
Seller shall not be obligated to furnish a survey.
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, 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.
Any announcements published or made the day of auction take precedence over advertising.
CONTACT
Mason Holvoet at Steffes Group, (319) 470-7372 or (319) 385-2000 Tim Meyer at Steffes Group, (319) 750-1233 or (319) 385-2000 Mason Holvoet - Iowa Real Estate Salesperson S69890000 Tim Meyer - Iowa Real Estate Broker Officer - B36355000 Steffes Group, Inc., 2245 East Bluegrass Road, Mt. Pleasant, IA 52641
