ONLINE LAND AUCTION COMING SOON

Tract 4 of 7

Link to all 7 tracts here

Map Of Entire Farm Here

Decatur County Iowa – Grand River, IA

Grand River Row Crop Bottom Land

Method of Sale: Online only auction with bidding open October 18 through October 24, 2024

Location: From Grand River IA, North on R15 app 5 miles to Clarke Decatur St (county road). Then West on Clarke Decatur St app 1.5 miles to farm.

Short Legal: Twn70N, Rng27W, Sec 5 in Decatur County. Legal to govern.

Legal Description: Available upon request.

Total Acres: 78+/- Acres

Taxes: Taxes for the 2023 tax year are $1810 or $23.21/Acre. Final tax amount to be determined by the assessor’s office of each respective county.

Possession: Buyer to receive possession at closing subject to tenants’ rights. All seven tracts are leased through the 2024 crop year. Possession is subject to the present lease so full possession is on March 1, 2025. Seller to send notice of termination of leases prior to September 1, 2024. Sellers retain all crop rents for the 2024 crop year.

Closing Date: On or before December 5, 2024.

FSA Information: Total FSA Acres: 78+/-, FSA Tillable Acres: 72.85+/- in Row Crop Production.

Soils: Nevin silty clay loam, Zook silt loam, Humeston silt loam, Wabash silty clay loam and others. Farm offers a weighted average CSR2 rating of 63.86 based on Surety Mapping. Soil maps and full list of soils available.

CSR Information: CSR2 Value based on Surety Mapping of 63.86 CSR2

Description: Excellent Grand River Row Crop Bottom Land. This tract of land offers highly tillable row crop bottom land in the Grand River Bottoms. Located in Decatur County in Iowa. This farm offers large, easy to farm fields and good gravel road frontage. This farm has been owned by the same family for 4 generations and this is the first time in that duration the farm has been offered for sale.

Auctioneers note: For bidding purposes the multiplier of 78+/- acres will be used. Acreages, CSR Information, and tax estimates are for informational purposes and are not guaranteed. Auction company has determined these numbers to the best of our ability through county records, surety mapping systems, mapright mapping systems, plat maps, fsa records and county records among other sources. Each prospective bidder is encouraged to research this information to arrive at their own judgment.

Key Features:

Large, Easy to farm field.
Good Road Frontage
Well Sloped for drainage
Owned by same family for 4 Generations
Quality tenant with management capabilities familiar with land if needed
Grand River Bottom Land 0-2% Slopes on most of farm
Additional adjoining acreage available
Approximately 93% Tillable Farmland
CSR 2 Rating above county average
Grid Sampled in 2022 (See Attachment)

Statement from the Owners: The current farmers on the land have been excellent stewards of the land for many years. The owners and farmers have maintained an excellent working relationship. The current farmers have expressed interest in continuing to farm the land and the current owners would highly recommend them.

Terms:

Method of Sale: Online only auction with bidding open October 18 through October 24th with the farms beginning closing at 11AM, 2024. With some farms joining in location, the auction will be linked – meaning all seven tracts will extend by 5 min if any one tract has a bid on in the last minute.

Closing of Real Estate on or before December 5th, 2024.

The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.

Buyer to receive possession at closing subject to tenants’ rights. All seven tracts are leased through the 2024 crop year. Possession is subject to the present lease so full possession is on March 1, 2025. Seller to send notice of termination of leases prior to September 1, 2024. Sellers retain all crop rents for the 2024 crop year.

United Country Property Solutions LLC must receive a signed copy of the contract (hand delivered, faxed, or scanned and emailed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.

Sold subject to seller confirmation. The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. Property will not be considered sold, and all bids will be treated as offers on property, until the purchase agreement is fully executed by all parties with earnest money deposited

This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such reason. Buyer must secure their own necessary financing approval prior to the auction.

Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit.

Sale is non-contingent; failure to close will result in forfeiture of the earnest money.

The property is sold “As Is, Where Is” and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding.

Tract 3, comprised of 116+/- Acres, which includes the house, grain bin and outbuildings, is offered as is, where is, no warranties expressed or implied. Seller’s disclosures including but not limited to, Lead Based Paint, Meth Disclosure and Sellers Residential Property Disclosure are available for review and will be incorporated into the purchase agreement. Sellers make no guarantee or warranty on the homes condition or functioning of systems, or suitability for purchasers intended use.

Sellers’ reserve the wooden barn on tract three for removal for up to two years from date of closing. Sellers’ attorney to prepare the legal document reserving the barn. The home and app 2+/- acres in the farthest North East corner of tract 3 is NOT included in the sale.

Tract 6 Note: Sellers currently own the lane leading to the farm. Sellers are granting adjoining property owners a legal access easement. Sellers’ attorney will draft such agreement and document will be available for review upon completion.

Sellers and/or the Auction Company do not guarantee acres. Sellers to provide a survey for tracts 1, 2, and 3. Currently acres advertised on 1, 2, and 3 are estimated to the best of the Auction Companies abilities. Surveyed acres will be used in the auction bidding. Therefore advertised acres may change upon completion of the survey.

Sellers shall provide an updated abstract of title upon execution of a purchase agreement.

Taxes shall be prorated to date of closing.

Sale shall include all mineral rights owned by the seller if any. Property is sold based on the legal description.

All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Under no circumstances shall Bidder have any kind of claim against United Country Property Solutions LLC, Sellers, or any party if the Internet service fails to work correctly before or during the auction.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property.

United Country Property Solutions LLC are exclusive agents of the Seller only.

All bidders are required to register 24 hours prior to the end of the auction. Any registrations in the last 24 hours of bidding are not guaranteed to be given bidding permissions.

Bid Increments:

Starting at $1000 to $2000 Bid Increments are $1,000

$2000 to $3000 Bid Increments are $500

$3000 to $4000 Bid Increments are $250

$4000 to $5000 Bid Increments are $100

$5000 to $8000 Bid Increments are $50

$8000 and UP Bid Increments are $25

Bidding and increments are at the discretion of the auctioneer and may be changed/adjusted at any time. Bidding is times the acre to arrive at a total purchase price.