Survey Now Complete! – Court Ordered Auction of 203.41 Surveyed Acres of Louisa County farmland, selling in Four Tracts including an acreage with buildings. For more information contact Nate Larson or Chris Richard at Steffes Group Mt. Pleasant at 319.385.2000.

Reid Family Farm
Louisa County Iowa Land & Real Estate Auction

Auction Location: Auction to be held at the Youth Center at the Louisa County Fairgrounds, Columbus Junction, Iowa.  

The farms and house are located 1 1/2 miles east of Columbus Junction on Highway 92.  Home address is 20737 Highway 92.

Survey is now complete, see updated surveyed acres & survey links below.  Surveyed acres will be the multiplier on Tracts #1, 2 & 3.  If you have any questions pertaining to this survey, please call our office at 319-385-2000.

203.41 Surveyed Acres  – SELLS IN FOUR TRACTS

Open House on Friday, January, 15^th from 10:00 – 11:00 AM or by appointment.

“Selling Choice with the Privilege”
Tracts #1, 2 & 3 will be sold price per acre and will be selling Choice with the Privilege.  High bidder may take Tract #1, Tract #2 or Tract #3 or all tracts or any combination of tracts, in any order, for their high bid.  This will continue until all three tracts are sold.  Tract #4 will sell after Tracts #1-3 are sold and will be sold lump sum price.

Auctioneer’s Note:  The farm is selling Free and Clear for the 2016 farming season.  This auction offers a unique opportunity as the tillable land has not been in production for approx.. 5 years and the home has not been lived in since 2007.  This auction is selling by Court Order and will be transferred by Court Officer’s Deed or Deeds.

TRACT #1 – 121.41 Surveyed Acres
This farm is located off of Highway 92 and has an easement from Tract #4 for use of the lane for ingress and egress to the tillable land.

FSA information: Approx. 103.77 NHEL acres tillable, balance being timber.
Corn Suitability Rating 2 of 45.9 (CSR 1 of 50.2) on the tillable.
Located in Section 28, Concord Township, Louisa County, Iowa.

TRACT #2 – 38.43 Surveyed Acres
This farm has Highway 92 frontage and is located at the northwest corner of Highway 92 and 214^th Avenue.

FSA information: 27.97 NHEL tillable acres.
Corn Suitability Rating 2 of 43.4 (CSR 1 of 35.3) on the tillable.
Located in Section 20, Concord Township, Louisa County, Iowa.

TRACT #3 – 40.29 Surveyed Acres
This farm has Highway 92 frontage and is located at the northwest corner of Highway 92 and G40.

This property has great potential for recreational opportunities as the property has timber and Iowa River frontage.

FSA information: 11.88 NHEL acres tillable.
Corn Suitability Rating 2 of 64.3 (CSR 1 of 68.3) on the tillable.
Located in Section 20, Concord Township, Louisa County, Iowa.

TRACT #4 – 4 BEDROOM, RANCH STYLE HOME ON 3.28 Surveyed ACRES
Home is located at 20737 Highway 92, Columbus Junction.

Please note: This home has not been lived in since 2007 and maintenance of the home has lapsed and will be sold in its “as is” condition.  This is a “handyman’s special” and needs attention to bring the home back to its former glory days.

This 4 bedroom home has 1,758 sq. ft. of living space and was built in 1955.  The home features a large living room with hardwood floors, dining room with 2 built in corner cabinets, the kitchen has updated cabinets with refrigerator, gas stove, pantry closet & corner cabinet.  Four bedrooms with hardwood floors.  Main level bath with washer & dryer.

The home has an attached breezeway with an attached single car garage.  Unfinished basement with hot water heat, central air, gas hot water heater, pot belly stove, 200 amp breaker box.  Drilled well.

Many usable buildings to include: Approx. 30’x50’ machine shed with concrete floor, electricity & sliding doors; Corn crib/barn with open faced lean to with concrete feed lot; Large corn crib with barn addition & sliding doors; Small open sided barn with concrete and other smaller outbuildings.  All located on 3 acres M/L, subject to final survey.

Included: Refrigerator, Gas stove, Washer, Dryer, Pot Belly stove, Safe in garage, 1,000 gal LP tank(needs new line to home)

Terms: 20% down payment on January 29, 2016. Balance at closing with a projected date of March 14, 2016 upon delivery of merchantable abstract and Court Officer’s deed and all objections have been met.
Possession: Projected date of March 14, 2016. 
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 and will be used to prorate at closing.

Tracts #1 & #4 are combined, these are approximates:

Tract #1

Gross              $2,209.37

Ag. Credit        (129.37)

Net                  $2,080.00 (Approx.)

Tract #2

Gross              $494.94

Ag. Credit       (28.25)

Net                  $ 466.00(Rounded)

Tract #3

Gross              $261.90

Ag. Credit       (14.96)

Net                  $248.00 (Rounded)

Tract #4

Gross              $1,662.74

Net                  $1,662.00 (Approx.)

  Special Provisions: 

Updated Information Pertaining to Tract #1 & Tract #4

If the buyer of Tract #1 and Tract #4 are two different buyers, then a simple subdivision is required by Louisa County. With this simple subdivision, the County requires the lane be graveled, which is apart of Tract #4.  Before closing, the Seller shall be responsible for graveling the lane to the County requirements.  Tract #4 will have an easement in favor of Tract #1, for the use of the lane for ingress and egress to the tillable land of Tract #1 and a road agreement will be established.  Also, Tract #1 will have an access easement in favor or Tract #4, so that there is a total 66’ wide access to meet Louisa County subdivision ordinance requirements.

If the buyer of Tract #1 and Tract #4 are the same buyers, then a simple subdivision will NOT be required.  The Seller shall NOT gravel the lane, as it will be sold in it’s ‘AS IS’ condition.  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)

• All farms are being sold free and clear for the 2016 farming season.
• Spring tillage rights shall be granted to buyers before said closing, if so desired.
• It shall be the obligation of the buyer(s) to report to the Louisa 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.
• All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract, except Tract #4 the home will be sold lump sum price.
• Tract #4 is exempt from the Time of Transfer Inspection of the septic, due to this being Court Ordered and a deed arising from a partition proceeding, Iowa Code 455B.172(11).  Any future inspections, upgrades, repairs, maintenance or other matters to the septic systems will be at the buyer’s expense in accordance with Louisa County & Iowa Laws & regulations.
• Tract #4 will have an easement in favor of Tract #1, for the use of the lane for ingress and egress to the tillable land of Tract #1.
• 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.

 
Locally Known as The Reid Family Farm

Kirsten H. Frey & Roger A. Huddle – Attorneys 

For information contact Nate Larson or Chris Richard of Steffes Mt. Pleasant, 319.385.2000

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