266.84 Acres M/L in Washington County, IA – Selling in 5 Tracts! For information contact Nate Larson at Steffes Group at 319.385.2000 or 319.931.3944

WASHINGTON COUNTY, IOWA LAND

TIMED ONLINE AUCTION

WASHINGTON, IOWA

Land is generally located 5 miles south of Washington on Wayland Road/W55.

Located at the crossroads of W55 and 290^th Street.

 

Bidding Opens: Thursday, October 8     

Bidding Closes: Thursday, October 15, 2020 at 10AM

 

266.84 Acres M/L – Sells in 5 Tracts

Farm Sells Free & Clear for 2021!

83.8 CSR2!

 

Tract #1 – 37.98 Acres M/L

FSA indicates: 35.84 acres tillable of which 1.6 acres are in CRP as follows:

1.6 acres at $289.54 = $463.00 and expires on 9-30-2023.

Corn Suitability Rating 2 is 76.3 on the tillable acres.

No buildings on this tract.

Located in Section 8, Marion Township, Washington County, Iowa.

 

Tract 1 – Real Estate Taxes:

Gross                  $ 1,265.53

Ag. Credit                ($39.96)

Net (Approx.)       $1,226.00

 

View Soil Map

 

Tract #2 – 76.73 Acres M/L

FSA indicates: 78.42 acres tillable of which 3.1 acres are in CRP as follows:

3.1 acres at $290.77 = $901.00 and expires on 9-30-2023.

Corn Suitability Rating 2 is 83.8 on the tillable acres.

This Tract has a 22’x50’ machine shed and a 8’x12’ shed.

Located in Section 8, Marion Township, Washington County, Iowa.

 

Tract 2 – Real Estate Taxes:

Gross                  $2,952.05

Ag. Credit               ($93.32)

Net (Approx.)      $2,858.00

 

View Soil Map

Tract #3 – 77.5 Acres M/L

FSA indicates: 70.58 acres tillable

Corn Suitability Rating 2 is 67.5 on the tillable acres.

Located in Section 4, Marion Township, Washington County, Iowa.

 

Tract 3 – Real Estate Taxes:

Gross                  $2,335.42

Ag. Credit               ($73.24)

Net (Approx.)      $2,262.00

 

View Soil Map

Tract #4 – 37.21 Acres M/L

Approx.  21 acres tillable, balance being hay ground & timber.

Corn Suitability Rating 2 is 64.3 on the tillable acres.

Located in Section 5, Marion Township, Washington County, Iowa.

 

Tract 4 – Real Estate Taxes:

Gross                  $ 846.98

Ag. Credit            ($26.99)

Net (Approx.)      $ 820.00

 

View Soil Map

Tract #5 – 37.42 Acres M/L

Approx. 34 acres tillable

Corn Suitability Rating 2 is 50.4 on the tillable acres.

Located in Section 5, Marion Township, Washington County, Iowa.

 

Tract 5 – Real Estate Taxes:

Gross                  $839.56

Ag. Credit            ($26.77)

Net (Approx.)      $814.00

 

View Soil Map

View FSA Map for All Tracts

Terms: 10% down payment on October 15, 2020.  Balance due at final settlement with a projected date of November 30, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: November 30, 2020. (Subject to tenant’s rights on the tillable)

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: 

• This online auction will have a 10% buyer’s premium, capped at $1,000 per Tract.  This means the buyer’s premium in the amount of ten percent (10%) 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 maximum buyer’s premium charge will be $1,000 per Tract.
• The multiplier used to determine the total bid amount for the Tracts will be the taxable acres.  Seller shall not be obligated to furnish a survey. 
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• Tracts will be tied together and the bidding will be set to close simultaneously.  Each Tract tied together will stay in extension until there are no more bids placed on any of the Tracts that are tied together.
• The Seller has served termination to the tenant on the tillable ground and the tillable ground is selling free and clear for the 2021 farming season.
• 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)
• It shall be the obligation of the buyer to report to the Washington 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.   Please note final tillable acres will be determined by the FSA office.
• 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 agree 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. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
• This auction sale is not contingent upon Buyer’s 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.
• The Buyer(s) will be responsible for installing his/her own entrance, if so desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer.
• 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.

 

Ralph E. Schoonover Residuary Trust
& Donna M. Schoonover Estate

Robert G. Schlegel – Attorney for Sellers

 

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

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