Selling over 371 acres in 7 Tracts with tillable, hay ground, timber & farmstead. For details contact auction manager, Terry Hoenig at Steffes Group, 319.385.2000 or by cell 319.470.7120.

JEFFERSON COUNTY IOWA LAND AUCTION

PLEASANT PLAIN, IOWA

Land is located 2 miles west of Pleasant Plain on H17, then 1 ½ miles south on Osage Avenue.  Watch for auction signs.

Auction to be held at the Lake Darling Lodge, 111 Lake Darling Road, Brighton, Iowa.  Located in Lake Darling State Park, 3 miles west of Brighton on Highway 1.

Open House on Wednesday, September 11^th from 10-11AM

371.56 Acres M/L – SELLS IN SEVEN TRACTS

Online Bidding!

Auctioneer’s Note: All tracts will be sold by the acre.  Tracts #1-2 will be sold in order.  Then Tracts #3, 4, 5, 6, 7 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #3, Tract #4, Tract #5, Tract #6, Tract #7 or all tracts or any combination of tracts, in any order, for their high bid. This will continue until all tracts are sold.  Tracts will not be recombined.

Tract #1 – 72.25 Acres M/L
FSA information: 65.51 acres tillable and a small pond
Corn Suitability Rating 2 of 68.3 on the tillable.
Located in Section 17, Penn Township, Jefferson County, Iowa.

Real Estate Taxes on Tract #1
Gross                           $1,792.56
Ag. Credit                       ($48.20)
Family Farm Credit         ($33.60)
Net                              $1,710.00 (Rounded)

 

Tract #2 – 40 Acres M/L
FSA information: 19.64 acres tillable, balance being timber and a pond.
Corn Suitability Rating 2 of 49.6 on the tillable.
Located in Section 17, Penn Township, Jefferson County, Iowa.

Not included: Hay bales

Real Estate Taxes on Tract #2
Gross                           $554.47
Ag. Credit                     ($14.97)
Family Farm Credit      ($10.44)
Net                              $530.00 (Rounded)

 

Tract #3 – 40 Acres M/L
2414 122^nd Street, Fairfield, IA

This tract offers a home with buildings, tillable land and a pond.  The four bedroom home has 1,665 sq.ft. of living space on two levels.  The main level features a large living room with a fireplace(chimney has been removed), kitchen with refrigerator, electric stove & dishwasher, formal dining room, bedroom, bathroom and a laundry room with washer & dryer.  The upstairs has three bedrooms and a landing.  Other amenities of the home include a newer shingles, a basement with a Longwood duel fuel furnace(wood & fuel oil), electric water heater and a well.

Outbuildings include a 30’x32’ two car garage, 38’x64’ open face machine shed, 28’x36’ shop, 30’x60’ open face machine shed and a granary.  Grain bins include a 3,700 bu. bin with dryer & unload auger, 3,300 bu. bin with fan & unload auger, 3,700 bu. bin and a 1,200 bu. bin.

Approx. 28.5 acres tillable
Corn Suitability Rating 2 of 66.1 on the tillable.
Located in Section 16, Penn Township, Jefferson County, Iowa.

Included: Refrigerator, Stove, Dishwasher, Washer, Dryer, Window A/C unit
Not included: Hay bales, LP tank, Farm machinery & Personal property

Real Estate Taxes on Tract #3
Gross                         $1,976.05
Homestead                ($125.04)
Ag. Credit                       ($22.21)
Family Farm Credit         ($15.49)
Net                              $1,814.00 (Rounded)

 

Tract #4 – 139.43 Acres M/L
Approx. 86.5 acres tillable, balance being timber, pasture and three ponds.
Corn Suitability Rating 2 of 49.6 on the tillable.
Located in Section 16, Penn Township, Jefferson County, Iowa.

Real Estate Taxes on Tract #4
Gross                           $2,097.13
Ag. Credit                       ($56.96)
Family Farm Credit         ($39.71)
Net                              $2,000.00 (Rounded)

Not included: Hay bales

Tract #5 – 40 Acres M/L
FSA information: 35.15 acres tillable
Corn Suitability Rating 2 of 59.7 on the tillable.
Located in Section 17, Penn Township, Jefferson County, Iowa.

Real Estate Taxes on Tract #5
Gross                             $836.62
Ag. Credit                       ($22.52)
Family Farm Credit         ($15.70)
Net                                $798.00 (Rounded)

 

Tract #6 – 20 Acres M/L
FSA information: 16.51 acres tillable
Corn Suitability Rating 2 of 57 on the tillable.
Located in Section 17, Penn Township, Jefferson County, Iowa.

Real Estate Taxes on Tract #6
Gross                           $363.57
Ag. Credit                      ($9.75)
Family Farm Credit        ($6.80)
Net                              $348.00 (Rounded)

Tract #7 – 19.88 Acres M/L
FSA information: 16.12 acres tillable
Corn Suitability Rating 2 of 64.2 on the tillable.
Located in Section 17, Penn Township, Jefferson County, Iowa.

Real Estate Taxes on Tract #7
Gross                            $416.91
Ag. Credit                      ($11.20)
Family Farm Credit          ($7.81)
Net                              $398.00 (Rounded)

 

TERMS ON ALL TRACTS
Terms: 10% down payment on September 25, 2019.  Balance due at closing with a projected date of November 8, 2019, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 8, 2019. (Subject to tenant’s rights on the 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.

 

Special Provisions:

• Termination on the tillable ground has been served by the seller to the tenant.  Land is selling free and clear for the 2020 farming season.  Fall tillage rights shall be granted, after the 2019 harvest.
• This auction is selling subject to court approval.
• It shall be the obligation of the buyer(s) to report to the Jefferson County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. Please note that the final tillable acres will be determined by the FSA office, as some fields are combined and/or overlap Tract lines. 
• Seller shall not be obligated to furnish a survey.  The multiplier will be the assessor acres as posted on the Jefferson County Beacon site.
• 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 Jefferson County & Iowa Laws & regulations.
• This auction sale is not contingent upon Buyer obtaining financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
• The buyer(s) 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(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are 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 the day of sale take precedence over advertising.

 

Owner: Hubert E. Hoskins Estate
Gary Hoskins & Lugene Jackson – Co-Executors
Seleta A. Bainter – Attorney for Estate

For more details contact auction manager Terry Hoenig of Steffes Group, 319.385.2000 or by cell, 319.470.7120.

 

Photo Gallery