Dubuque, Iowa
Located just east of the intersection of Highway 16 & Highway 52, then ¼ miles northwest on Bellevue Heights Road.

Bidding Opens: Tuesday, June 13th
Bidding Closes: Tuesday, June 20, 2023 at 1PM

37.048± Surveyed Acres – Sells In 1 Tract

Auctioneer’s Note: Nestled amongst the rolling hills of Dubuque is this 37± acre tract of land with development potential. Property adjoins the Mines of Spain/EB Lyons Interpretive Center, which boasts a 1,432 acre park/recreation area offering hiking trails, hunting, paddling, picnicking & cross-country skiing. More information about the park at minesofspain.org

37.048± Surveyed Acres
FSA indicates: 17.92 cropland acres of which 1.44 acres are in CRP as follows:
1.44 acres X $257.13 = $370.00 and expires on 9-30-2027.
Corn Suitability Rating 2 is 36.4 on the cropland acres.
Located in Section 1, Table Mound Township, Dubuque County, Iowa.
Zoned R-3 Single Family Residential and C-1, Conservancy sliver to the north.
There is a 66’ wide access easement for this property.
There are two small income producing highway advertising signs on this property.
Not included: 2023 crops, (2) Advertising Signs.
View Survey
View Zoning Map
View FSA Field Map
View FSA 156 EZ Form
View Soil Map
View Recorded Access Easement

Terms: 10% down payment on June 20, 2023. Balance due at final settlement/closing with a projected date of August 4, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Possession:  Projected date of August 4, 2023 (Subject to the completion of the 2023 fall harvest).
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. 
The following taxes are approximate and will be used to prorate at closing:
Tax Parcel: 1501276003 = $532.00 Net

Special Provisions:

• This online real estate 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.
• The 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.
• If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
• The Seller will give fall tillage rights, upon the completion of the 2023 fall harvest. The farm is selling free and clear for the 2024 farming season.
• The Seller shall keep the 2023 income from the (2) Highway advertising signs.
• Buyer shall cooperate by signing any needed paperwork, at no additional cost to the Buyer, in a 1031 exchange, if the seller opts to do so.
• 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. 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 land has been surveyed; therefore, the land will be sold by the acre with gross surveyed acres of 37.048 will be the multiplier for said tract.
• This auction sale is not contingent upon the 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 Iowa state law.
• The Buyer shall be responsible for installing his/her own entrances if needed or desired.
• There is a 66’ wide access easement for this property.
• 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 on the day of sale take precedence over advertising.

Sellers: James B. & Mary L. Gansen
D. Flint Drake of Drake Law Firm, P.C. – Closing Attorney for Seller

For more information contact Steffes Group at 319.385.2000
Mason Holvoet at 319.470.7372 or Duane Norton at 515.450.7778

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