JOHNSON COUNTY IOWA LAND AUCTION

LONE TREE, IOWA

Land is located 2 miles east of Lone Tree on Highway 22, then 3 ¾ miles south Wapello Ave SE. 

Auction to be held at the American Legion, 300 N Devoe Street, Lone Tree, IA 52755

Please note: Online bidding will be offered for this auction.

WEDNESDAY, JANUARY 27, 2021 AT 10AM 

88.1 CSR2!

40 Deeded Acres M/L

FSA indicates: 38.14 acres tillable.

Corn Suitability Rating 2 is 88.1 on the tillable acres.

Located in Section 26, Fremont Township, Johnson County, Iowa.

View Soil Map

View FSA Information

Real Estate Taxes:

Gross                   $1,287.49

Ag. Credit              ($31.23)

Net (Rounded)    $1,256.00

Terms: 10% down payment on January 27, 2021.  Balance due at closing with a projected date of March 12, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Landlord’s Possession: Projected date of March 12, 2021 (Subject to tenant’s rights).

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: 

• Bidding on the Tract will be by the deeded acre and the Seller shall not be obligated to furnish a survey.
• The land is selling subject to tenant’s rights. The land is rented for the 2021 crop year on a 50/50 crop share basis. The buyer will receive 50% of the crop. The buyer will also be responsible for 50% of the input costs & will reimburse any expenses already paid for the 2021 crop year.
• It shall be the buyer’s responsibility to serve notice to the tenant prior to September 1, 2021, if so desired.
• It shall be the obligation of the buyer to report to the Johnson County FSA office and show filed deed 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.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• Buyer 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.
• The buyer shall be responsible for any fencing in accordance with Iowa state law.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is 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.

Don't miss the Timed Online Real Estate Auction HERE

Three Bedroom Home in Muscatine, IA

Closes: Wednesday, January 27 at 4PM

OR the Timed Online Personal Property Auction HERE

Vehicles, Lawn Mowers, Tools & More!

Closes: Wednesday, January 27 at 4:30PM

Dusty R. Brown Estate

Farmers & Merchants Bank & Trust – Executor

Kelli S. Johnson – Trust Officer

Sara L. Haas – Attorney for Estate

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

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed.