Route J40, Milton, IA 52570 - Van Buren County

Van Buren County Land & Acreage Auction

TROY, IOWA

Land & Home are located 1 miles east of Troy, Iowa on County Highway J40, to 10050 County Highway J40, Milton, Iowa. OR 12 miles east of Bloomfield on County Highway J40.

Auction held at the Fair Hall on the Davis County Fairgrounds, 20471 Old Hwy Road, Bloomfield, Iowa.

WEDNESDAY, NOVEMBER 7, 2018 AT 10:00 AM

Open House on Wednesday, October 24th from 4-5PM

TRACT #1 80 ACRES M/L (Subject to final survey)

Approx. 66 acres tillable, with part of the tillable being used as fenced pasture with a small corral, balance being two ponds & timber.

Corn Suitability Rating 2 of 50.5 on the tillable.

Located in Section 30, Chequest Township, Van Buren County, Iowa.

Included: Small corral

Not included: 2018 Crops

TRACT #2 COUNTRY ACREAGE ON 3 ACRES M/L (Subject to final survey)

Dont miss this chance to name your price on this acreage located on a hard surface road. This four bedroom home offers 1,776 sq.ft. of living space and was built in 1992. The floorplan includes a large living room, formal dining room, kitchen with dishwasher & microwave and laundry room. The large master bedroom features a walk in closet and master bath with double vanity, garden tub & shower. The home also offers three more bedrooms and a bath. Other amenities of the home include an enclosed porch, large composite deck, gas forced air furnace & central air, rural water and an unused well.

Improvements include 4,000 bu. & 3,000 bu. grain bins, 12x20 steel utility building with fenced cattle lot & automatic heated waterer. All situated on 3 acres m/l, subject to final survey.

Included: (2) Cargo truck boxes, Automatic waterer, Attached fencing, Dishwasher & Microwave

Not included: (2) LP tanks, if leased, Refrigerator, Stove, Freezer, Washer, Dryer, (2) Bulk bins, Portable cattle chute, All cattle equipment, All personal property

Terms: 20% down payment on November 7, 2018. Balance due at closing with a projected date of January 2, 2019, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of January 2, 2019 (Subject to tenants rights on tillable ground)

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.

Real Estate Taxes - Tract #1

Gross $1,388.73

Family Farm ($55.69)

Ag Land Cr. ($38.83)

Net $1,295.00 (Approx.)

Real Estate Taxes - Tract #2

Gross $903.62

Homestead Cr. ($150.50)

Net $753.00 (Approx.)

Special Provisions:

This is a 5% buyers premium auction. This means the buyers premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer(s) and added to the bid amount to arrive at the final contract purchase price.

Tract #1 is selling subject to tenants rights and is rented for the 2019 crop year. The cash rent is $235 x 67 acres = $15,745, with the entire payment due March 1, 2019. This will be paid by the tenant to the buyer.

It shall be the obligation of the buyer to serve termination to the tenant, prior to September 1, 2019, if so desired.

It shall be the obligation of the buyer(s) to report to the Van Buren 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 will be determined by the Van Buren County FSA office.

Both Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for Tract #1. Tract #2 will be sold lump sum.

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 of Tract #1 shall be responsible for installing a new driveway entrance at buyers expense and according to the specifications of Van Buren County. Tract #2 shall grant a temporary use of the current driveway entrance up to 1 year or until the new driveway entrance is built, whichever occurs first.

It shall be the buyers responsibility and expense to acquire the DNR Time of Transfer certificate for the septic system. This shall include, but not limited to, the expense to inspect, repair and/or update the septic system (if needed) and have said septic system pumped (if needed). It shall be the buyers responsibility to correspond with the Van Buren County Sanitarian and have the proper paperwork completed prior to closing.

The buyer 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)

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

If in the future a site clean-up is required it shall be at the expense of the buyer.

The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is 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 same.

Steffes Group, Inc. is representing the Seller.

Any announcements made the day of sale take precedence over advertising.

Owner: Jim L. Snyder

Rick L. Lynch Attorney for Seller

For information contact auction managers Nate Larson or Duane Norton

at Steffes Group, 319.385.2000 or

319.931.3944 Nates cell or 515.450.7778 Duanes cell