DES MOINES COUNTY LAND AUCTION

WEST BURLINGTON, IOWA

Land is located 1 mile west of the intersection of Mt. Pleasant Street/Old Highway 34 & Beaverdale Road/X40 OR 1 1/2 miles east of Middletown, IA on Old Highway 34.

 
Auction to be held at the Machinist Hall, Middletown, IA.  Location address is 16452 DMC Highway 34, West Burlington, IA

MONDAY, JUNE 12, 2017 AT 10:00 A.M.

16.38 Acres M/L – SELLS IN TWO TRACTS

Selling Choice with the Privilege.
Tracts #1 & 2 will be sold lump sum price and will be selling Choice with the Privilege.  High bidder may take Tract #1 or Tract #2 or both tracts, for their high bid.  This will continue until both tracts are sold.

Auctioneer’s Note: This land presents an opportunity to purchase highly productive tillable land with possible future development potential, located on a hard surface road and adjacent to the railroad.

TRACT #1 – 7.38 Acres M/L
This tract is located at the corner of Old Highway 34 & 155^th Ave.
FSA information: 7.6 NHEL acres tillable.
Corn Suitability Rating 2 of 83.6 (CSR 1 of 88.4) on the entire land.
Located in Section 29, Flint River Township, Des Moines County, Iowa.
Rural water is available.

Tract #1

Gross/Net Taxes                 $136.00

TRACT #2 – 9 Acres M/L
This tract is located at the corner of Old Highway 34 & 150^th Ave.
FSA information: 9.47 NHEL acres tillable.
Corn Suitability Rating 2 of 93.3 (CSR 1 of 94.5) on the entire land.
Located in Section 29, Flint River Township, Des Moines County, Iowa.

Tract #2

Gross                       $344.47

Ag. Credit                  ($23.89)

Net                                      $320.00 (Rounded)

TERMS ON BOTH TRACTS

Terms: 20% down payment on June 12, 2017. Balance at closing with a projected date of August 1, 2017, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of August 1, 2017 (Landlord’s possession, full possession to be after the 2017 crops are removed.)
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:

·       Tracts #1 & #2 are selling subject to tenant’s rights and are rented for the 2017 crop year. Seller and tenant shall receive 100% of the 2017 crop.

·       The seller shall serve termination to the tenant prior to the auction and full possession will be granted to the buyer(s) after the 2017 crops are removed.

·       It shall be the obligation of the buyer(s) to report to the Des Moines 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.

·       This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

·       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:  Nona Horn Trust

Sally Parrott & Ted Horn – Co-Trustees

James W. Miller – Attorney for Trust

For details contact Lynn Richard at Steffes, 319.385.2000 or by cell 319.931.9090