Name Land Auction July 14, 2016
Auctioneer Burke Auction Service
Type Live Webcast Auction
Date(s) 7/3/2016 - 7/14/2016
Live webcast: 07/14/2016 at 10:00AM CST
Preview Date/Time 7/3/16-7/14/16
Checkout Date/Time After the live auction on Thursday, July 14th
Location Echo Valley Banquet and Reception Center 10201 Harding Road
West Union, IA 52175
Buyer Premium No buyers premium
Description
Land Auction -- Thursday, July 14th -- 10:00 AM 284 Acres m/l - Fayette Co., IA Jean A. Moritz Estate Parcel #1: 108 Acres more or less Highlighted in yellow on map TILLABLE ACRES: 99.09 Acres m/l AVERAGE CSR RATING: CSR= 68.5 This includes an easement over the building site driveway to access the 8.05 acres tillable land. Bid dollar per surveyed acre Parcel #2: 7 Acres more or less Highlighted in orange on map There is an older home and outbuildings on the property. Home has been vacant for some time. Condition of well and septic system are unknown but septic is assumed to not meet state standards. It will be the responsibility of the Buyer to sign an agreement with the Fayette County Sanitarian that either the home will be removed, the septic will be replaced at the Buyer’s expense, or the home will be disconnected from the septic system. Building description from Fayette County Assessor is attached. Bid dollar amount Parcel #3: 48 Acres more or less Highlighted in blue on map Woods / possible building site / great hunting / access off gravel road Iris Road Bid dollar per surveyed acre Parcel #4: 22 Acres more or less Highlighted in green on map CRP TREE PROGRAM: 10.82 Acres of CRP tree program. Annual income of $1,723 until September 30, 2019 / Great Hunting / On the Turkey River/ Easement off driveway for access Bid dollar per surveyed acre Parcel #5: 185 Acres more or less Highlighted in yellow, orange, blue and green on the map This parcel is a combination of Parcels #1, #2, #3 & #4. TILLABLE ACRES: 99.09 Acres AVERAGE CSR2 RATING: CSR2=68.5 CRP TREE PROGRAM: 10.82 Acres of CRP tree program. Annual income of $1,723 until September 30, 2019 / Great Hunting / On the Turkey River / Building site with older home and outbuildings / Great place to build or for a weekend getaway. Bid dollar per surveyed acre Parcel #6: 99 Acres more or less Highlighted in pink on map TILLABLE ACRES: 51.87 Acres m/l tillable with balance woods on the Turkey River/Great hunting AVERAGE CSR2 RATING: CSR2=61.2 There is no easement for access on this parcel. Bid dollar per surveyed acre ADDRESS of PROPERTY: 9162 Great River Road West Union, IA PROPERTY LOCATION: Approximately 7 miles northeast of West Union, Iowa. See attatched google maps for directions. LEGAL DESCRIPTION: The S1/2 NE 1/4; the NE 1/4, SW 1/4; and the N 1/2 SE 1/4, in Section 15, NA the SW 1/4 NW 1/4Except acres in the NE corner; the NW1/4 SW 1/4 in Section 14, all in Township 95 North, Range 8 West of the 5th P.M., Fayette County, IA (Dover Township). REAL ESTATE TAXES: To be determined on splits. Current taxes on whole farm $5.318. Taxes will be prorated to date of closing. Parts of this property are in the flood plain. If you have a mortgage and a home onthe property, you may need fllod insurance. Check with your lender. Soil information and average CSR information is based on Surety Maps. LEASE: Farm is leased for the 2016 crop year. Current lease expires March 1, 2017. No lease will be in affect for the 2017 crop year. SALE SITE: Echo Valley Banquet and Reception Area 10201 Harding Road West Union, IA 52175 Contact Information: Burke Real Estate 124 N. Elm. St Cresco, IA 52136 Mark Burke (563)-380-2868 Office (563)547-2554 www. burkerealestatecresco.com
Bidder Registration: Prospective Buyers must provide name, address, and phone number to clerks prior to sale. Online bidding available with prior registration by 07/12/16 at 5:00PM, Please contact Burke Real Estate to register. BIDDERS MUST ALSO FURNISH A LETTER OF CREDIT FROM THEIR BANK. BID DOLLAR PER SURVEYED ACRE. YOUR BIDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Terms: 10% Down Day of Sale, with the balance cash due upon completion of legal documents including surveys. Successful bidders will sign a Purchase Agreement following the close of bidding. All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. CLOSING: Upon completion of Seller’s legal documents and zoning approval. Note: Owners reserve the right to accept or reject any and all bids. Auctioneer and owners will determine if final bid is acceptable. Notice: All information contained in this brochure has been gained from sources deemed reliable: however, bidders, are invited to inspect the property and make thier own investigations with respect thereto. All sales will be presumed to be made upon the individual judgement of the purchaser. Each potential bidder is responsible for conducting his or her independent inspections, investigations, and inquiries and due diligence concerning the property. The information contained in this brochure or other related material is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or Burke Real Estate. Drawings and maps are not to scale and are included as a visual aide only. All acreages are approximate and have been estimates based on legal descriptions or aerial photographs. This information may not be totally accurate and possibly subject to change. Announcements made day of sale take precedence over any advertised or preprinted materials. ALL property is being offered on an "as is, where is" basis, and no warrenty or representation, either expressed or implied, concerning the property is made by the Seller or Burke Real Estate.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 6,500.00 100.00 USD
6,500.01 - 7,500.00 100.00 USD
7,500.01 - 9,500.00 100.00 USD
9,500.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium No buyers premium
Payment Terms
Terms: 10% Down Day of Sale, with the balance cash due upon completion of legal documents including surveys. Successful bidders will sign a Purchase Agreement following the close of bidding. All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement.
Closing to take place at Burke Real Estate, 124 North Elm St. Cresco, IA 52136