Keokuk County Farmland Auction-
2 Tracts
Thank you to Ruth Shultz and family for allowing us to hold this auction and to everyone who bid.
Tract 1 SOLD - $3,500 per acre.
Tract 2 SOLD - $3,600 per acre.
NOTICE: This land WILL sell on March 25. Per CDC Covid-19 guidelines this auction will not be live. Interested bidders please call 319-694-4522 to find out additional information on bidding.
Wednesday, March 25, 2020
Time: 10:00 AM
Mother Cabrini Hall
-308 W Main St, Richland, IA 52585-
Tract 1 & Tract 2
Richland Township, Keokuk County, Iowa
Directions to farm: From Richland drive 2.8 miles north on 323rd Ave. Turn west onto 300th St. Tract 1: Continue 1.3 miles to 310th Avenue. Turn north on 310th Ave and continue 0.3 miles. Tract 1 will be on the west side of the road. Tract 2: From 323rd Ave turn west onto 300th St. Continue 2.3 miles to 300th Ave. Turn north on 300th Ave and continue 0.8 miles. Tract 2 will be on the east side of the road.
Tract 1
Great hunting ground with good income potential in Keokuk County, Iowa! Don’t miss this farm consisting of 128.0 acres m/l. The average CSR 2 on the whole farm is 54.1. Average CSR2 on tillable acres is 60.6.
-FSA INFORMATION-
Farm: #1039
Tracts: #2735
Farmland: 129.23
Cropland: 91.40 acres
Tract 2
Excellent building site in Keokuk County, Iowa! Don’t miss this farm consisting of 78.5 acres m/l. The average CSR 2 on the whole farm is 59.5. Average CSR2 on tillable acres is 60.0.
-FSA INFORMATION-
Farm: #1039
Tracts: #2736
Farmland: 82.39
Cropland: 59.30 acres
Bailey & Shultz Inc, Owner
John Wehr, Attorney - Myron Greiner, Broker
-TERMS & CONDITIONS-
-METHOD OF SALE: Tract 1 and 2 of the Bailey & Shultz Inc farm will be sold on a price per acre basis. The multiplier will be the assessor acres as posted on the Keokuk County Assessor site.
-DEPOSIT: 20% of the final bid price will be paid on the day of the sale. Balance due at closing upon delivery of deed and abstract showing merchantable title.
-PURCHASE AGREEMENT: Successful bidder shall execute a purchase agreement immediately after being declared the winning bidder by the auctioneer. Please note: The purchase agreement will offer NO contingencies for financing or any alterations to the agreement. Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
-TAXES: Prorated to date of possession based on the last available tax statement.
-CLOSING: On or before Friday, April 24, 2020.
-POSSESSION: Immediate possession with 20% down. Farming rights given to buyer in 2020.
Terms: The property is being sold “as is, where is”. All announcements made day of auction shall take precedence over any prior advertising either written or oral. The information in this brochure is deemed reliable; however, no guarantee for its accuracy, errors or omissions is given. All lines drawn on maps, photographs, etc. are approximate. CSR values are derived from Surety Maps and may or may not reflect the values provided by the county assessor’s office. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is selling subject to any and all covenants, restrictions, encroachments, and easements, as well as all zoning laws. Greiner Real Estate & Auction is an agent for the seller. The buyer shall be responsible for installing his/her own entrances if needed or desired.
Additional Provisions:
-Seller shall not be obligated to furnish a survey.
-The real estate is selling subject to any and all covenants, restrictions, encroachments, easements, as well as all applicable zoning laws.
-This property sold in “as is” condition and buyer acquires everything on the premises on date of sale.
-The real estate is selling subject to any and all covenants, restrictions, encroachments, easements, as well as all applicable zoning laws.
-This property sold in “as is” condition and buyer acquires everything on the premises on date of sale.
Auctioneers: Myron Greiner, 319-694-4522
Mike Goehring