Wayne County, IA Land Auction - 281± Acres, 3 Tracts

Farm Auction in 2017 County Road J22 Corydon, IA 50060, Corydon Iowa, United States

25 Wednesday
25th August, 2021 10:00 AM

Wayne County, IA Land Auction - 281± Acres, 3 Tracts

Farm Auction in 2017 County Road J22 Corydon, IA 50060, Corydon Iowa, United States

Wednesday at - 25th August , 2021

Description

Estate land auction with highly productive farmland with tile and terrace improvements. For more information contact Terry Hoenig of Steffes Group, 319.385.2000 or 319.470.7120

WAYNE COUNTY, IOWA LAND AUCTION

Land is located 5 ¾ miles north of Corydon on Highway 14, then 2 ½ miles west on County Highway J22/Summit Road.

Bidding Opens: Wednesday, August 25th        
Bidding Closes: Wednesday, September 1, 2021 at 10AM

281 Acres M/L – Sells in 3 Tracts


Tract 1 – 128.22 Acres M/L
Approx.: 122 acres tillable.
Corn Suitability Rating 2 is 62.7 on the tillable acres.  View soil map
Located in Sections 22 & 23 of Washington Township, Wayne County, Iowa.

Tract 2 – 79 Acres M/L
Approx.: 72 acres tillable.
Corn Suitability Rating 2 is 56.9 on the tillable acres. View soil map
Located in Section 26 of Washington Township, Wayne County, Iowa.
Not included: Hay bales

Tract 3 – 74 Acres M/L
Approx.: 68 acres tillable.
Corn Suitability Rating 2 is 57.4 on the tillable acres.  View soil map
Located in Section 27 of Washington Township, Wayne County, Iowa.

Tracts 2 & 3 together - FSA indicates: 140.54 acres tillable.
View FSA information

View terrace & tiling maps

Terms: 10% down payment on September 1, 2021. Balance due at final settlement with a projected date of October 15, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of October 15, 2021.  (Subject to tenant’s rights on the tillable land) 
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.

Tract 1 – Net $2,755.00 (Approx.)
Tract 2 – Net $1,522.00 (Rounded.)
Tract 2 – Net $1,382.00 (Rounded.)


Special Provisions: 
 This online auction will have a buyer’s premium of $1,000 per Tract.  This will be added to the bid amount to arrive at the total contract purchase price.
• Bidding on Tracts 1, 2 & 3 will be by the acre.  Taxable acres will be used as the multiplier to determine the total bid amount.  For Tract 1, the current taxable acres will be subtracted from the Net surveyed acres of the land not being sold.  If the recorded surveyed acres of the land not being sold is different than the previous stated acres, then adjustments to the final contract price will be made accordingly at closing on Tract 1.  Seller shall not be obligated to furnish a survey on any Tracts.  
• 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 with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes.  This will continue until no bids are placed in the last 4 minutes.  Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
• Seller has served termination to the tenant and the land is selling free and clear for the 2022 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 Wayne 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. Final tillable acres.
• 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 state law.
• The Buyer(s) will be responsible for installing his/her own entrance, if needed or 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.



Owner: Carolene Leeper-Hullinger Estate
Randy Hullinger – Executor 
William L. Shelton – Attorney for Estate

For more information contact Terry Hoenig of Steffes Group, 
319.385.2000 or 319.470.7120

Disclaimer


TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.


International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    


WEBSITE ADDRESSES (ONLINE & ONLINE ONLY) www.steffesauctioneers.com   www.IQBID.com    


CORPORATE OFFICE


Steffes Auctioneers Inc.


2000 Main Avenue East


West Fargo ND 58078-2210


Phone: (701) 237-9173(701) 237-9173


Toll Free: (800) 726-8609(800) 726-8609


Fax: (701) 237-0976


E-Mail: [email protected]  [email protected]


AUCTIONEER LICENSES

Scott Steffes ND81 & MN14-51


Bob Steffes ND82 & MN14-09


Brad Olstad ND319 & MN14-70


Clark Sather ND463 & MN54-05      


REAL ESTATE MARKETING


Scott Steffes, Broker


Rodney Steffes, Licensed Sales Associate


Geri Paul, Licensed Sales Associate


Ashley Huhn, Licensed Sales Associate    


LITCHFIELD OFFICE


Steffes Auctioneers Inc


24400 MN Highway 22 South


Litchfield, MN 55355


Phone: (320) 693-9371(320) 693-9371  


Fax: (320) 693-9373


Email: [email protected]


[email protected]


[email protected]


[email protected]




AUCTIONEER LICENSES


Eric Gabrielson, MN47-006, ND890


Ashley Huhn, MN47-002, ND843


Randy Kath, MN47-001, ND894

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Location has been calculated by address and may not be 100% accurate.

Auction Items For Sale

Estate land auction with highly productive farmland with tile and terrace improvements. For more information contact Terry Hoenig of Steffes Group, 319.385.2000 or 319.470.7120

WAYNE COUNTY, IOWA LAND AUCTION

Land is located 5 ¾ miles north of Corydon on Highway 14, then 2 ½ miles west on County Highway J22/Summit Road.

Bidding Opens: Wednesday, August 25th        
Bidding Closes: Wednesday, September 1, 2021 at 10AM

281 Acres M/L – Sells in 3 Tracts


Tract 1 – 128.22 Acres M/L
Approx.: 122 acres tillable.
Corn Suitability Rating 2 is 62.7 on the tillable acres.  View soil map
Located in Sections 22 & 23 of Washington Township, Wayne County, Iowa.

Tract 2 – 79 Acres M/L
Approx.: 72 acres tillable.
Corn Suitability Rating 2 is 56.9 on the tillable acres. View soil map
Located in Section 26 of Washington Township, Wayne County, Iowa.
Not included: Hay bales

Tract 3 – 74 Acres M/L
Approx.: 68 acres tillable.
Corn Suitability Rating 2 is 57.4 on the tillable acres.  View soil map
Located in Section 27 of Washington Township, Wayne County, Iowa.

Tracts 2 & 3 together - FSA indicates: 140.54 acres tillable.
View FSA information

View terrace & tiling maps

Terms: 10% down payment on September 1, 2021. Balance due at final settlement with a projected date of October 15, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of October 15, 2021.  (Subject to tenant’s rights on the tillable land) 
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.

Tract 1 – Net $2,755.00 (Approx.)
Tract 2 – Net $1,522.00 (Rounded.)
Tract 2 – Net $1,382.00 (Rounded.)


Special Provisions: 
 This online auction will have a buyer’s premium of $1,000 per Tract.  This will be added to the bid amount to arrive at the total contract purchase price.
• Bidding on Tracts 1, 2 & 3 will be by the acre.  Taxable acres will be used as the multiplier to determine the total bid amount.  For Tract 1, the current taxable acres will be subtracted from the Net surveyed acres of the land not being sold.  If the recorded surveyed acres of the land not being sold is different than the previous stated acres, then adjustments to the final contract price will be made accordingly at closing on Tract 1.  Seller shall not be obligated to furnish a survey on any Tracts.  
• 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 with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes.  This will continue until no bids are placed in the last 4 minutes.  Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
• Seller has served termination to the tenant and the land is selling free and clear for the 2022 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 Wayne 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. Final tillable acres.
• 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 state law.
• The Buyer(s) will be responsible for installing his/her own entrance, if needed or 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.



Owner: Carolene Leeper-Hullinger Estate
Randy Hullinger – Executor 
William L. Shelton – Attorney for Estate

For more information contact Terry Hoenig of Steffes Group, 
319.385.2000 or 319.470.7120

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