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120 acres Pasture, Tillable Farmland Auction

Shelby County, Iowa

06-29-2016 10:00 AM

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Auction Details

C.G.Therkildsen Center 706 Victoria Street Harlan Iowa. The auction will also be held simultaneously online, if you prefer to bid from offsite DreamDirt's online bidding is easy and offers buyers the convenience to be anywhere and still place bids.


Good Fences, good terraces, home and outbuildings, water well

Sale Method

The farm will be sold as 2 tracts. Tract 1 is 40 acres with pasture, tillable and home and Tract 2 is 80 acres of tillable farmland. The tracts will be offered buyers choice. The farm will be sold AS-IS WHERE-IS. This farm is being sold to settle an estate so a septic inspection and update is not required for the buyer or seller. A buyer may choose to install a new septic system but it is not required given the farm is being sold by an estate.

Legal Description

Tract 1 Legal Description: The Northeast Quarter of the Southeast Quarter of Section 2, Township 79, Range 38, Shelby County, Iowa. Tract 2 Legal Description: The West Half of the Southeast Quarter of Section 2, Township 79, Range 38, Shelby County, Iowa.

Auction Location

northeast of Harlan Iowa


The farmland is rented for 2016 so you will get landlord possession at closing. The new owner will receive $13,825 of the 2016 rent on September 1, 2016. Because this is an estate the sale will be subject to court approval. If the tracts are sold separately to different buyers the rent will be applied to individual tracts as follows Tract 1 $3914.50 and Tract 2 $9910.50


July 29, 2016 at the office of the sellers attorney

Earnest Money

10% day of sale, balance due at closing 30 days after the auction.

Terms and Conditions

The buyer will pay a 2% Buyer Premium based on the gross sale price. This will be added to the final hammer price to determine the final sale price.


Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC the proper non refundable earnest deposit. The Seller(s) will provide a current abstract at their own expense. Sale is not contingent upon buyer financing, all bids are cash bids. This sale is subject to all easements, covenants, leases and restrictions of record. Buyers must do their due diligence prior to bidding. All property is sold on an "As is – Where is" basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller unless specifically stated. Seller reserves the right to accept or reject any and all bids. DreamDirt Farm and Ranch Real Estate LLC and its representatives are agents of the Seller. Winning bidder(s) acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. The Auctioneer may accept absentee or phone bids from bidders who can not attend the auction or bid on half of the seller. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask your to leave if your behavior is not in the best interest of the seller.


120 Acres Shelby County Auction

Date: 06-29-2016
Time: 10:00 AM

Bidding Onsite, Online, Acreage

Directions to Farm

From Harlan go east on Hwy 44 to Redbud Road, go north on Redbud 3 miles to the farm. Just south of the farm the road name changes from Redbud to Redwood. The farm is on the west side of Redwood. Watch for Signs.


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (712) 592-8965


©2016 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warranty or guarantee any information. It is possible that information has been omitted or reported in error. All lines drawn on maps are approximate. All acreages are stated as more or less. Representatives of DreamDirt Farm and Ranch Real Estate LLC may offer opinions based on the best information available at the time using assumptions and estimates but this does not guarantee any performance financial or otherwise. It is imperative that you rely on professional advice from legal, tax, financial or other advisors to make any decisions based on your own investigation.