Very rare opportunity to purchase a smaller tract of investment grade Iowa farmland with a 90.1 CSR2 rating. Don’t miss your chance to capitalize on this farm! Sellers: Edward Leroy Murphy & Beverly Joyce Murphy. For information contact Mason Holvoet of Steffes Group at 319.385.2000 or 319.470.7372.

DES MOINES COUNTY IOWA LAND AUCTION

BURLINGTON, IA
Located at the corner of South Gear Ave. & Augusta Road.

Bidding Opens: Wednesday, September 7th  
Bidding Closes: Wednesday, September 14, 2022 at 4PM

42 Acres M/L – Sells in 1 Tract 

< 90.1 > CSR2!

Auctioneer’s Note:  Very rare opportunity to purchase a smaller tract of investment grade Iowa farmland with a 90.1 CSR2 rating.  Don’t miss your chance to capitalize on this farm!

Drone Video Coming Soon! 

42 Acres M/L – (Subject to final survey)
FSA indicates: 41.78 NHEL tillable acres.

Corn Suitability Rating 2 is 90.1 on the tillable acres.
Located in Section 11, Union ‘E’ Township, Des Moines County, Iowa.
View FSA 156 EZ form, Farm Aerial
View Soil Map

Terms: 10% down payment on September 14, 2022. Balance due at final settlement with a projected date of October 28, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of October 28, 2022 (Subject to tenant’s rights on tillable land)
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.

Part of Parcels 15-11-400-003 15-11-400-004 Net – $1,731.00 (Approx.)

Special Provisions:

  • This online 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.
  • If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
  • Down payment is due on the day the bidding closes and signing of the 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.
  • The farm is rented for the 2022 farming season. Seller will retain 100% of the cash rent for 2022.
  • Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
  • It shall be the obligation of the Buyer to report to the Des Moines County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. Final tillable acres will be determined by the FSA office. 
  • Land will be sold by the acre with gross surveyed acres being the multiplier. 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, then adjustments to the final contract price will be made accordingly at closing.
  • 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.
  • 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.
  • All drawings, lines and boundaries are approximate and subject to final survey.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.

Sellers: Edward Leroy Murphy & Beverly Joyce Murphy

Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP, – Alyssa R. Stewart – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 319.385.2000 or 319.470.7372

 

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