West Point, IA
Land is located 4.7 miles west of West Point on County Road J40, then ½ mile north on Pilot Grove Road, then west on 155^th Street.  Or 5 ½ miles north of Donnellson on Highway 218, then east on 155^th Street.

 Auction will be held at the Lee County Fairgrounds, 1100 N. Main St., Donnellson, IA at the Youth Learning Center Building. 

Monday, July 15, 2024 at 1PM

124.58 Surveyed Acres – Sells in 3 Tracts

Buyer to Receive the Second Half Cash Rent Payment!

Auctioneer’s Note:  Join us for a Live Lee County, IA Land auction of 124.58 Surveyed Acres in 3 tracts.  Tracts offer row crop production to rolling hay ground.  This auction will be held at the Lee County Fairgrounds with a complimentary lunch provided from Noon-1PM.  Be sure to come and support the Lee County Youth as the Lee County Fair Jr. Livestock Auction will be held in the morning!

“Selling Choice with the Privilege”
Tracts 1-3 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, Tract 2 or Tract 3 or any combination of Tracts 1-3, in any order, times their high bid.  This will continue until Tracts 1-3 are sold.  Tracts will not be recombined. 

 Tract 1 – 3.19 Surveyed Acres

•        FSA indicates 3.77 HEL cropland acres.
•        Corn Suitability Rating 2 is 63.8 on the cropland acres.
•        Visible frontage along Highway 218.
•        Located in Section 33, Marion Township, Lee County, Iowa.
•        Tax Parcel: 022102331000070 = $118.00 Net
•        View Tract 1 - FSA 156 EZ Form
•        View Tract 1 - FSA Field Map
•        View Tract 1 - Soil Map
•        View Tract 1 - Survey Overlay
•        View Tract 1 - Survey Plat
•        View Tract 1 - Real Estate Contract

 Tract 2 – 71.74 Surveyed Acres

•        FSA indicates 67.13 HEL cropland acres.
•        Corn Suitability Rating 2 is 63.4 on the cropland acres.
•        Located in Sections 33 & 34, Marion Township, Lee County, Iowa.
•        Tax Parcels: 022102332000040, Part 022102341000030 = $2,372.00 Net
•        View Tracts 2 & 3 - FSA 156 EZ Form
•        View Tracts 2 & 3 - FSA Field Map
•        View Tract 2 - Soil Map
•        View Tracts 2 & 3 - Survey Overlay
•        View Tracts 2 & 3 - Survey Plat
•        View Tract 2 - Real Estate Contract

 Tract 3 – 49.65 Surveyed Acres

•        FSA indicates 42.74 HEL cropland acres.
•        Currently used as hay ground/pasture.
•        Corn Suitability Rating 2 is 38.4 on the cropland acres.
•        Located in Section 34, Marion Township, Lee County, Iowa.
•        Tax Parcels: 022102341000040, Part 022102341000030 = $828.00 Net
•        View Tracts 2 & 3 - FSA 156 EZ Form
•        View Tracts 2 & 3 - FSA Field Map
•        View Tract 3 - Soil Map
•        Not included: Tenant's corral system & pipe gates.
•        View Tracts 2 & 3 - Survey Overlay
•        View Tracts 2 & 3 - Survey Plat
•        View Tract 3 - Real Estate Contract

Terms: 10% down payment on July 15, 2024. Balance due at final settlement with a projected date of August 29, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession:  Projected date of August 29, 2024, subject to tenant’s rights.
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 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 1-3 are selling subject to tenant’s rights on the tillable land for the 2024 farming season.  The Buyer(s) will receive the second half  cash rent payment due December 1, 2024 from the tenant as follows:
  Tract 1 = $309.00 
  Tract 2 = $6,791.00 
  Tract 3 = $2,250.00 
•        It shall be the obligation of the Buyer(s) to serve termination to the tenant of the tillable, prior to September 1, 2024, if so desired.
•        It shall be the obligation of the Buyer to report to the Lee County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. 
•        All Tracts will be surveyed by a licensed surveyor, at Seller’s expense.  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 closing.
•        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 the day of sale take precedence over advertising. 

Seller: Laetitia Cook Rotter Marital Trust

John Ward Rotter – Trustee
Brian J. Helling of Aspelmeier, Fisch, Power, Engberg & Helling, P.L.C., - Closing Attorney