ON LINE AUCTION
Miriam Hoffman Farm
82.79 Surveyed Net Acres.
Sections 18 & 19, Fairfield Township, Jackson County, IA
ONLINE BIDDING STARTS AT 3:00 P.M. 6/29/20
Auction Terms: Miriam Hoffman Farmland
Sale Method: Registration and sealed bid to be submitted to East Iowa Real Estate by 3:00 P.M. June 29, 2020. Once bids are received the top bid will be posted online at www.eastiowaland.com on the 'Online Auction' tab. Registered bidders will have an opportunity to raise the online bidding through 3:00 P.M., July 1, 2020. If a bid is submitted within 10 minutes of the deadline the bidding will extend another 10 minutes and repeat until bidding ends. Bidding will be no less than $25 increments on per surveyed net acre. Seller reserves the right to accept or reject any or all bids.
Earnest Payment: A 10% NON-REFUNDABLE earnest money payment is required. Once the bidding is ended the successful bidder will enter into a purchase contract with the Seller and pay a 10% earnest payment to be held in East Iowa Real Estate Trust Account.
Property Taxes: Seller to pay estimated real estate taxes pro-rated to closing date.
Conditions: This sale is subject to all easements, covenants, restrictions of record, and tenant's rights. Current tenant has right to farm the cropland for the 2020 season at $243/ crop acre (75.28 acres estimated by FSA). The number of cropland acres will change with the seller keeping part of the farm. There will be a proration of the 2020 rental income to the Buyer at closing based on 73 cropland acres. Farm Service Agency total acres, cropland acres, base acres, etc. are subject to change when farms are split and reconstituted by the Jackson County FSA and NRCS offices. Each bidder is responsible for conducting, at their own risk, their own inspections, inquires, and due diligence concerning the property. The property and fences are being sold on an 'As-Is, Where-Is' basis with no warranties, or guarantees either expressed or implied by the Seller or East Iowa Real Estate. All current and any future fences shall be governed by the Jackson County and State of Iowa fence line rules and regulations.
Contract and Title: The successful bidder, if any, will enter into a purchase contract and deposit with East Iowa Real Estate the required earnest payment. Sale is not contingent on Buyer financing. Final sale is subject to approval of the Seller. The Seller will provide clear title and a certified abstract at Seller expense.
Closing and Possession: Closing to be on or before August 7, 2020 or as agreed between Seller and Buyer. The balance of the purchase price will be payable at closing by certified bank check. Possession at legal closing is subject to tenants rights through 3/1/2021.
Announcements: Property information provided herein was obtained from sources deemed reliable, but East Iowa Real Estate and Seller makes no guarantee as to its accuracy. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All data, sketches, maps and acreage figures are approximate or 'more or less'. Any changes or announcements made after this information is made available will take precedence over any previous material or oral statements. All bidders must submit the registration bid form available at East Iowa Real Estate to participate. Not liable if the internet service is disrupted during the auction.
Agency: East Iowa Real Estate is representative and agent of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
SUMMARY OF SALIENT FACTS
OWNER: Miriam Hoffman
DIRECTIONS: From Highway 64 between Maquoketa and Preston, IA go approximately 1.5 miles north on 317th Avenue, property on west side at 4700 317th Ave., Preston, IA 52069.
LOCATION: Sections 18 &19, Fairfield Township, Jackson County, Iowa
ACRES: 82.79 Surveyed Net Acres (73+/- Cropland)
ANNUAL TAX: To Be Determined ($2166 on entire farm, 113.37 acres).
ASSESSED VALUE: To Be Determined
PRODUCTIVITY INDEX: (73 Acres Cropland): CSR 52.1 CSR2 43.5 +/-
FSA INFORMATION: (Whole Farm) Farm # 2398 Tract # 474
Farmland Acres: 117.33 FSA Crop Acres: 75.28
Base Acres: Oats 2.66 PLC Yield: Oats 47
Corn 25.3 Corn 151
Beans 8.87 Beans 52
Farm Service Agency total acres, cropland acres, base acres, etc. are subject to change when farms are split and reconstituted by the Jackson County FSA and NRCS offices.
OPERATOR: The cropland is rented for the 2020 season at $243 per cropland acre (75.28 FSA acres). This sale is subject to tenant’s rights for the 2020 season. There will be pro-ration of rental income to the Buyer for the 2020 season from the closing date to February 28, 2021.
To be offered at auction online at www.eastiowaland.com. Property will be surveyed and offered in 1 parcel. Bidding will be on a per surveyed net acre basis with lowest increments of $25. Any updated material as information is compiled prior to the auction will take precedence over any previous material or oral statements.
ON LINE AUCTION
Betty Davison Estate
138.64 Net Surveyed Acres
Approximately 108 Acres Cropland 58.3 CSR 54.5 CSR2
Section 21, Perry Township, Jackson County, Iowa
This property is along 150th Street and 234th Ave.
No buildings, just bare land.
ONLINE BIDDING ENDS AT 3:00 PM 11/21/19
If a bid is received within the last 10 minutes of the deadline, bidding will be extended another 10 minutes, repeating the process until bidding ends.
ONLINE BIDDING STARTS AFTER 3:00 PM 11/19/18
SUMMARY OF SALIENT FACTS
OWNER: Betty I. Davison Estate
TYPE OF PROPERTY: Cropland, pasture/timber.
DIRECTIONS: From Highway 61 north of Maquoketa, IA go approximately 3 miles east on 150th Street (E17) , property on south side of 150th St. and east side of 234th Ave.
LOCATION: Section 21, Perry Township, Jackson County, Iowa
ACRES 140 +/- Exact number of acres to be determined by survey prior to auction.
ANNUAL TAX: $3400 Estimated
ASSESSED VALUE: $287,250
PRODUCTIVITY INDEX (CROPLAND): CSR 58.3 CSR2 54.5 +/-
FSA INFORMATION: Farm # 5971 Tract # 6862
Farmland Acres: 140 +/- FSA crop acres: 108.38 +/-
Base Acres: PLC Yield:
Corn TBD Corn 148
Beans TBD Beans 57
To be offered at auction online at www.eastiowaland.com. Auction terms will be posted. Property will be surveyed and offered in 1 parcel. Any updated material as information is compiled prior to the auction will take precedence over any previous material or oral statements.