TWO HENRY COUNTY LAND AUCTIONS

MT. PLEASANT & SWEDESBURG, IOWA

Auction to be held at the Steffes Group facility, 605 East Winfield Avenue, Mt. Pleasant, IA

Updated Information on Both Farms! 
Farms will NOT be selling free and clear for the 2017 farming season.  Please see below for rent information.

 

FARM #1 – 72.47 Surveyed Acres
Farm is located 1 ½ miles east of Mt. Pleasant on Highway 34, then ½ mile north on Marsh Avenue.

FSA information: 71.51 acres tillable. 
Corn Suitability Rating 1 of 89 and CSR 2 of 82.9 on the entire farm.
Located in Sections 12 & 13, Center Township, Henry County, Iowa.

FARM #2 – 80.82 Surveyed Acres 
Farm is located 1 mile south of Swedesburg on Highway 218, then 2 miles west on 150th Street, then ½ mile south on Hickory Avenue.

FSA information: 80.23 acres tillable. 
Corn Suitability Rating 1 of 86.4 and CSR 2 of 80 on the entire farm.
Located in Section 32, Wayne Township, Henry County, Iowa.

Terms: 20% down payment on December 20, 2016. Balance at closing with a projected date of February 3, 2017, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of February 3, 2017. (Landlord’s possession)
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.

The following taxes are approximate 

Farm #1
Gross                $2,685.34 
Ag. Credit              (106.43)
Net                     $2,578.00 (Rounded) 

Farm #2
Gross               $3,171.62
Ag. Credit             (126.27)
Net                    $3,046.00 (Rounded) 

Special Provisions: 
• Update: Farms will NOT be selling free and clear for the 2017 farming season:

Farm #1 is rented for the 2017 crop year for $25,528 (approx.$356.98/tillable acre or $352.25/acre) and full payment is due March 1, 2017.  Buyer will receive 100% of the cash payment, which is due March 1, 2017 and will be paid by the tenant to the buyer.

 

Farm #2 is rented for the 2017 crop year for $27,108 (approx.. $337.87/tillable acre or $335.41/acre) and full payment is due March 1, 2017.  Buyer will receive 100% of the cash payment, which is due March 1, 2017 and will be paid by the tenant to the buyer.

Copies of Leases are available for review.

• It shall be the obligation of the buyer(s) to report to the Henry 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. 
• Both farms have been surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Buyer(s) shall cooperate by signing any needed paperwork, at no additional cost to them, in a 1031 exchange if the seller opts to do so.
• 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 same.
• Any announcements made the day of sale take precedence over advertising.

Owner: Dustin Howell
Jay T. Schweitzer – Attorney for Seller

For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944.

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Steffes Group Inc., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.