120.87 Surveyed Acres – Sells in 2 Tracts
85 CSR2 - Selling Free and Clear for the 2026 Farming Season! 

Tract 1 – 116.93 Surveyed Acres

•        FSA indicates: 115.16 cropland acres.
•        CSR2 is 85 on the cropland acres.
•        Located in Section 13, Floyd Township, Floyd County, Iowa.
•        Part of Tax Parcel: 06-13-200-004-00 = $4,072.00 Approx. Net 

Tract 2 – 3.94 Surveyed Acres

•        This old farmstead site could be a potential building site.  Property has an abandoned mobile home, 3 grain bins 3,902, 3,035 & 2,168 bu. and a well (condition unknown).  It would be the Buyer's responsibility to have electricity brought to the property.
•        Address: 1543 March Ave, Floyd, Iowa.
•        Part of Tax Parcel: 06-13-200-004-00 = $192.00 Approx. Net
•        Included: Abandoned mobile home, All items present on the day of final settlement/closing.

Terms: 10% down payment on April 2, 2026. Balance due at final settlement/closing with a projected date of May 18, 2026, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of May 18, 2026.  Immediate Possession Available for Tract 1.  Buyer of Tract 1 may elect to take immediate possession of the property.  Possession shall be granted upon execution of the real estate purchase agreement and hold harmless agreement, and upon receipt of the required down payment.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. The seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions: 

•        This online auction will have a 5% buyer’s premium. This means a 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 linked together with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend to 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 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 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 FSA field lines may overlap Tract lines. 
•        Tracts 1 & 2 will be surveyed by a licensed surveyor, at Seller’s expense.
•        Tracts 1 will be sold on a per acre basis 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 final settlement/closing.
•        Tract 2 will be sold lump sum price.  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 Tract 2 is selling lump sum price.
•        This real estate auction is selling subject to final approval of any survey and/or subdivision requirements of the county/city, if required.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (Spouses constitute one Buyer).
•        Tract 2, Due to this being an Estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11).  Any future inspections, upgrades, repairs, maintenance, or other matters to the septic system will be at the Buyer's expense in accordance with County & Iowa Laws & regulations. 
•        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 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. Bidder acknowledges they are representing themselves in this real estate transaction.
• Tract 2 Buyer acknowledges that if the Buyer is an LLC, corporation, trust, or other legal entity, the transaction may be subject to federal reporting requirements under the Financial Crimes Enforcement Network (FinCEN). Buyer agrees to promptly provide all information necessary to comply with such reporting obligations. Seller and Auctioneer make no representation regarding timing or outcome of filings, and Buyer’s cooperation is required to complete the transaction.
•        Any announcements published or made the day of auction take precedence over advertising.