284± Acres – Offered in 3 Tracts

Buyer to Receive a Prorate of the 2025 Cash Rent!

Tract 1 – 105± Acres

•        FSA indicates: 101.49 NHEL cropland acres of which 21.84 acres are in CRP as follows: 
  17.61 acres X $284.29 = $5,006.00 and expires on 9-30-2026.
  4.23 acres X $293.00 = $1,239.00 and expires on 9-30-2027.
•        Corn Suitability Rating 2 is 78.6 on the cropland acres.
•        This tract has pattern tile & terraces. Tile maps available online.
•        Located in Sections 23 & 24, Burr Oak Township, Mitchell County, Iowa.
•        Tax Parcels: 1123200004, 1124100001 = $3,424.00 Net
•        View FSA Field Maps & 156 EZ Form
•        View CRP Contracts
•        View Tile Maps & Agreements
•        View Tract 1 - Soil Map
•        View Soil Tests
   

Tract 2 – 120± Acres

•        FSA indicates: 109.10 NHEL cropland acres of which 36.84 acres are in CRP as follows: 36.84 acres X $273.29 = $10,068.00 and expires on 9-30-2026.
•        Corn Suitability Rating 2 is 75.5 on the cropland acres.
•        This tract has pattern tile. Tile maps available online.
•        Old building site located in the southeast corner.
•        Located in Section 12, Burr Oak Township, Mitchell County, Iowa.
•        Tax Parcel: 1112100002 = $3,720.00 Net
•        View FSA Field Maps & 156 EZ Form
•        View CRP Contracts
•        View Tile Maps & Agreements
•        View Tract 2 - Soil Map
•        View Soil Tests

Tract 3 – 59.85± Acres

•        Approx: 41 NHEL cropland acres.
•        Corn Suitability Rating 2 is 73.1 on the cropland acres.
•        This tract has pattern tile. Tile maps available online.
•        Balance of land is pasture & a creek running through.
•        Located in Section 11, Burr Oak Township, Mitchell County, Iowa.
•        Tax Parcel: 1111200003 = $1,612.00 Net
•        View FSA Field Maps & 156 EZ Form
•        View CRP Contracts
•        View Tile Maps & Agreements
•        View Tract 3 - Soil Map
•        View Soil Tests

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, June 12, 2025 at 5:00PM CDT.
1. Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com 

2. 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. [ Click Here ] for Sealed Bid Form.

3. 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. Balance due at final settlement/closing with a projected date of July 28, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Landlord’s Possession: Projected date of July 28, 2025 (Subject to tenant’s rights on the tillable land for the 2025-2026 farming season, full possession after March 1, 2026).
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 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 3 tracts.
•        Buyer may submit offers on one, multiple or all three 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. In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
•        Land is selling subject to tenants’ rights on the tillable land for the 2025-2026 farming season (March 1, 2025-March 1, 2026).  Buyer(s) will receive a prorate of the cash rent, as a credit at final settlement/closing. If the final settlement/day is July 28, 2025 credit will be as follows: Tract 1 = $9,4047.07; Tract 2 = $8,164.43; Tract 3 = $4,854.53. 
•        It shall be the Buyer’s responsibility to give the tenant notice of termination of the farm tenancy prior to September 1, 2025, if so desired.
•        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. D. 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.
•        The Seller is not required to provide a survey of the land.  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 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.