26 April, 2024 11:21 pm
Large Des Moines County Land Auction! 367 Acres in 5 Tracts! For more information contact Terry Hoenig of Steffes at 319.385.2000 or 319.470.7120 (cell).
DES MOINES COUNTY IOWA LAND AUCTION
BURLINGTON, IOWA
Land is located 6 miles south of Burlington on Highway 61. Watch for auction signs.
Auction to be held at the Comfort Suites Hotel & Conference Center, 1780 Stonegate Center Drive, Burlington, Iowa.
367 Acres M/L – SELLS IN 5 TRACTS (Subject to final survey)
Selling Free and Clear for 2019!!
“Selling Choice with the Privilege”
Tracts #1, 2, 3, & 4 will be sold price per surveyed acre and will be sold Choice with the Privilege, whereas the high bidder may take Tract #1, Tract #2, Tract #3, Tract #4, or any combination of tracts times their high bid. This will continue until Tracts #1-4 are sold. Then Tract #5 will be sold. Tracts will not be recombined.
TRACT #1 – 34.5 Acres M/L – Subject to final survey
FSA info: Approx. 30 acres tillable, Tracts #1 & 2 have a combined 70.04 acres tillable.
This tract would make an excellent future building site. This tract already has a 42’x64’x14’ pole building with a 15’x16’ finished office and an open porch area, all built in 2015. Other buildings include a 27’x100’ open machine shed and a 30’x97’ open machine shed. Entrance to this property is off of Rock Spring Road. Rural water is on the property.
Corn Suitability Rating 2 of 46.8 (51.2 CSR) on the tillable.
Located in Section 34, Union East Township, Des Moines County, Iowa.
Not Included: 2018 crops, Farm machinery, All personal property in shed.
Real Estate Taxes on Tract #1
Gross $1,185.48
Ag. Credit ($39.94)
Net $1,146.00 Approx.
TRACT #2 – 41.5 Acres M/L – Subject to final survey
FSA info: Approx. 40 acres tillable, Tracts #1 & 2 have a combined 70.04 acres tillable.
Corn Suitability Rating 2 of 84.8 (86 CSR) on the tillable.
Located in Section 34, Union East Township, Des Moines County, Iowa.
Not Included: 2018 crops
Real Estate Taxes on Tract #2
Gross $1,484.95
Ag. Credit ($66.48)
Net $1,418.00 Approx.
TRACT #3 – 54.7 Acres M/L – Subject to final survey
FSA info: Approx. 38.62 acres tillable, of which approx.16.3 acres are in the CRP program as follows:
16.3 acres at $134.80 = $2,197.00 and expires on 9-30-2019.
2 acres at $230.88 = $462 and expires on 9-30-2020.
Corn Suitability Rating 2 of 52.8 on the entire farm.
Located in Sections 34, Union East Township, Des Moines County, Iowa.
Not Included: 2018 crops
Real Estate Taxes on Tract #3
Gross $1,446.87
Ag. Credit ($64.59)
Net $1,382.00 Approx.
TRACT #4 – 42.56 Acres M/L – Subject to final survey
FSA info: Approx. 31.23 acres tillable, of which approx.. 20 acres are in the CRP program as follows:
20 acres at $134.80 = $2,696.00 and expires on 9-30-2019.
Corn Suitability Rating 2 of 64.7 on the entire farm.
Located in Section 27, Union East Township, Des Moines County, Iowa.
Not Included: 2018 crops
Real Estate Taxes on Tract #4
Gross $1,282.86
Ag. Credit ($57.31)
Net $1,226.00 Rounded
TRACT #5 – 194 Acres M/L – Subject to final survey
FSA info: 174.60 acres tillable, of which 23 acres are in the CRP program as follows: 23 acres at $248.98 = $5,440 and expires on 9-30-2020.
Corn Suitability Rating 2 of 80.9 on the tillable.
Located in Sections 2, 3 & 35, Union East Township, Des Moines County, Iowa.
Not Included: 2018 crops
Real Estate Taxes on Tract #5
Gross $7,106.44
Ag. Credit ($320.34)
Net $6,786.00 Rounded
Terms:20% down payment on October 25, 2018. Tracts # 1 & #2: Balance at closing with a projected date of December 10, 2018, upon delivery of merchantable abstract and deed and all objections have been met. Tracts #3, #4 & #5: Balance at closing with a projected date of January 2, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Tracts # 1 & #2: Projected date of December 10, 2018. Tracts #3, #4 & #5: Projected date of January 4, 2019.
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:
Owners: Leonardale Farms, Inc.
James W. Miller – Attorney for Seller
For more information contact Terry Hoenig of Steffes
at 319.385.2000 or 319.470.7120 (cell)