Name Land Auction December 8, 2016
Auctioneer Burke Auction Service
Type Live Webcast Auction
Date(s) 11/29/2016 - 12/8/2016
Live webcast: 12/08/2016 at 10:00AM CST
Preview Date/Time 12/29/16-12/08/16
Checkout Date/Time After the live auciton on 12/08/16
Location Lime Springs Community Center 201 Center St.
Lime Springs, IA 52155
Buyer Premium No buyers premium
Description
Land Auction -- Thursday, December 8, 2015-- 10:00 AM Philip and Vicky Montag 140 Acres m/l Howard County, IA SALE SITE: Lime Springs Community Center, 201 Center St., Lime Springs, IA Parcel #1: 70 Acres more or less TILLABLE ACRES: 69 Acres more or less AVERAGE CSR/CSR2 RATING: CSR= 64.7 / CSR2=81.2 BID DOLLAR PER SURVEYED ACRE Parcel #2: 70 Acres more or less TILLABLE ACRES: 68.2 Acres more or less AVERAGE CSR/CSR2 RATING: CSR= 72.2 / CSR2=83.4 BID DOLLAR PER SURVEYED ACRE Parcel #3: 140 Acres m/l more or less THIS IS A COMBINATION OF PARCELS #1 & #2. TILLABLE ACRES: 137.2 Acres AVERAGE CSR/CSR2 RATING: CSR= 68.5 / CSR2=82.5 BID DOLLAR PER SURVEYED ACRE DIRECTION TO PROPERTY: Property is located approximately 3 1/2 miles SE of LeRoy, MN or 7 miles W of Chester, IA or 12 miles NE of Riceville, IA. WATCH FOR SIGNS. LEGAL DESCRIPTION: The SE1/4 Except approximately the 716.31 feet of the North 1500 feet of the east 1215.41 feet in the East Half of the SE1/4 of Section 15, Township 100 North, Range 14 West of the 5th P.M., Howard County, Iowa. (Oak Dale Township). SURVEY: Property will be surveyed to determine exact acres. Survey will be at Seller's expense. Sale price will be adjusted according to survey. Existing fences may or may not be in correct locations. REAL ESTATE TAXES: $3,266 Taxes will be prorated to date of closing. WIND LEASE OPTION: There is a wind lease option on the property which pays $211 quarterly. Soil information and average CSR information is based on Surety Maps. WETLAND DETERMINATION: See attached wetland determination. LEASE: No lease to be in effect for the 2017 crop year and beyond. Tile: See attached maps. Owner says farm is mostly tiled. However, limited maps are available. See attached Howard CO. Assessor map which shows some tile. 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 12/06/16 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 closing documents and survey. Approximately 30-60 days. 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