768 Acres M/L selling in 7 Tracts in Lucas & Monroe County, IA and Nodaway County, MO. For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944.

LARGE MULTI-COUNTY
IOWA & MISSOURI LAND AUCTION

 

Lucas County, Iowa – Monroe County, Iowa – Nodaway County, Missouri

 

Bidding Opens: Friday, February 5th

Bidding Closes: Friday, February 12, 2021 at 1PM

768 Acres M/L – Sells in 7 Tracts

 

Selling Free & Clear for 2021!

 

 

Lucas County, Iowa
Tracts 1 & 2 are located 4 ¾ miles east of Russell, IA on Highway 34, then 1 ½ miles north on 337th Trail. Tract 3 is located 7 miles north of Lucas, IA on Highway 65, then 3 miles west on 560th Street, then 1 mile north on 110th Trail. 

Lucas County, Iowa FSA Information

Tract 1 – 138.69 Taxable Acres M/L

FSA indicates: 116.92 acres tillable.
Corn Suitability Rating 2 is 62.1 on the tillable acres.
Located in Sections 24 & 25 of Cedar Township, Lucas County, Iowa.

Tract 1 Soil Map

Tract 1 – Real Estate Taxes:

Gross                   $3,005.46

Ag. Credit              ($114.89)

Net (Rounded)     $2,888.00

 

Tract 2 – 164.6 Taxable Acres M/L

FSA indicates: 139.56 acres tillable.
Corn Suitability Rating 2 is 55.9 on the tillable acres.
Located in Section 24 of Cedar Township, Lucas County, Iowa.

Tract 2 Soil Map

Tract 2 – Real Estate Taxes:

Gross                   $2,945.98

Ag. Credit              ($112.29)

Net (Rounded)     $2,834.00

 

Tract 3 – 79.83 Taxable Acres M/

FSA indicates: 66.3 acres tillable.
Corn Suitability Rating 2 is 47 on the tillable acres.
Located in Section 8 of Otter Creek Township, Lucas County, Iowa.

Tract 3 Soil Map

Tract 3 – Real Estate Taxes:

Gross                   $1,347.41

Ag. Credit                ($46.64)

Net (Rounded)     $1,300.00

 

Monroe County, Iowa
Tracts 4, 5 & 6 are located 1 ½ miles south of Lovilia, IA on Highway 5, then 3 miles west on 139th Trail/576th Ave.


Tract 4 – 78 Taxable Acres M/L

FSA indicates: 67.67 acres tillable.
Corn Suitability Rating 2 is 36.5 on the tillable acres.
Located in Sections 28 & 29 of Union Township, Monroe County, Iowa.

Monroe County, Iowa FSA Information

Tract 4 Soil Map

Tract 4 – Real Estate Taxes:

Gross                    $923.47

Family Fm. Cr.      ($21.89)

Ag. Credit             ($31.20)

Net (Rounded)     $870.00

 

Tract 5 – 134.27 Taxable Acres M/L

Approx. 110 acres tillable.
Corn Suitability Rating 2 is 37 on the tillable acres.
Located in Section 28 of Union Township, Monroe County, Iowa.

Tract 5 Soil Map

Tract 5 – Real Estate Taxes:

Gross                    $1,646.51

Family Fm. Cr.         ($53.95)

Ag. Credit                ($37.86)

Net (Rounded)     $1,554.00

Tract 6 – 70.58 Taxable Acres M/L

Approx. 52 acres tillable.
Corn Suitability Rating 2 is 44.2 on the tillable acres.
Located in Sections 20 & 21 of Union Township, Monroe County, Iowa.

Tract 6 Soil Map

Tract 6 – Real Estate Taxes:

Gross                    $870.06

Family Fm. Cr.      ($30.12)

Ag. Credit              ($21.13)

Net (Rounded)      $820.00

Nodaway County, Missouri

Tract 7 is located 3 mileTs north of Clearmont, MO on US Highway 71, then 2 ½ miles east on State Highway JJ.

Tract 7 – 102.33 Taxable Acres M/L

FSA indicates: 95.76 acres tillable.
Majority soil types include: Sharpsburg & Shelby.
Located in Section 5 of Atchinson ‘W’ Township, Nodaway County, Missouri.

Nodaway County, Missouri FSA Information

Tract 7 Soil Map

Tract 7 – Real Estate Taxes:

Net                    $358.12

Iowa Tract Terms

Terms: 10% down payment on February 12, 2021. Balance due at final settlement with a projected date of March 29, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Will be given at time of closing.  Farmland is selling free and clear for the 2021 farming season.

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.

Missouri Tract Terms

Terms: At the conclusion of the auction, the winning bidder will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to First American Title which shall hold the money in escrow until closing. The balance of the purchase price will be due at closing which will take place at First American Title, 2301 Village Dr., St. Joseph, MO on or before March 29, 2021.

Possession: Will be given at time of closing. Farmland is selling free and clear for the 2021 farming season.

Real Estate Taxes: The 2020 real estate taxes will be paid by the seller. The 2021 real estate taxes and subsequent years will be the responsibility of the buyer(s). Title Insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between buyer & seller.


Special Provisions: 

 

Terry & Michele C. Lehrman and Johnboy’s LLC

 

Maggie H. McCann of Brick Gentry P.C.
Attorney for Sellers

 

Missouri Closing & Title Work By:

First American Title
2301 Village Drive, St. Joseph, MO 64506

816.279.3095

 

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


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