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5 acres Auction

Hamilton County, Iowa

01-29-2019 10:00 AM

Anne Gayler and Deborah Poisot Land Auction

Auction Location

On the property

Listing No.: DDA - 25116

Date: 01-29-2019
Bidding Starts: 10:00 AM

Buyer's Premium: 3%

2018 Little Wall Lake Road
Blairsburg, IA 50034
Bidding Onsite, Online, Acreage

Bid Online

Directions to Farm

Head 1 mile north of Blairsburg, IA on Highway US-69 N. Property will be on your right, watch for signs.

Auction Details

WEATHER NOTE: It is currently forecast to be dangerously cold at the time of this auction.  The auction will still be held at the time and place indicated however we want to encourage you to use the online bidding system.  This will work as if you were at the auction location.  You can have direct access to the auction location by phone at 515-537-6633 if you experience any issues.  You can register to bid online on this property right now at 5.23 Acres Hamilton County, Iowa Auction.  

This will be a live auction with online bidding available for remote bidding. Located in Hamilton County near Blairsburg, IA. This 5.23 acreage has a house, barns/sheds, and 4 grain storage bins.  

Agent Comments

What a great opportunity to own an acreage or building site right off of US-69N with views of surrounding farmland! It's the perfect location to build a new home with a long lane, mature timber and a view of the quiet countryside.  

The property is being sold AS IS WHERE IS. The seller will provide a Time of Transfer Inspection at their expense for the septic system, but will not be financially responsible for any repairs or upgrades to any portion of the property.  

Sale Method

The farm will be sold as 1 tract by live auction with online bidding.  

3% is added to the high bid to arrive at the purchase price.  This will be the purchase price of the property. 5% of the purchase price will be due the day of the auction.

Sold for 13,193/acre

Home Description

Two stories 4 bedroom farmhouse built in 1880 with an addition in 1970. Half basement, one full bath, and one-half bath. 2,000 total living area. Front porch and wood deck. New shingles and some new siding.

 

Building Description

  • Machine or Utility Building: Year 1956; 2,236 sq. ft.; Pole frame; Overhead door
  • Steel Utility Buidling: Year 1963; 1,152 sq. ft.; Pole frame
  • Barn: Year 1900; Flat Barn with loft; 3,360 sq. ft. 
  • Crib: Year 1900; 1,392 sq. ft. 

Other Improvements

  • Bin: 22,493 bushel; unloading system; incline auger; 1965
  • Bin: 22,493 bushel; unloading system; incline auger; 1965
  • Bin: 11,764 bushel; unloading system; incline auger; 1966
  • Bin: 11,764 bushel; unloading system; incline auger; 1966 DAMAGED
    • 3 Bins are operating, the 4th bin needs repairs
    • 3 Fans
  • Dump pit for grain
  • Metal Shed: Year 2013; 128 sq. ft. 

Legal Description

A portion of the NW 1/4, of Section 25, Twp 89N, 24W

Possession

You will get landlord possession at closing and full possession on March 1, 2019.

Closing

On or before March 6, 2019, unless the current government shutdown persists and creates an obstacle to close by this date. Should this occur the buyer and seller agree to extend the closing date to a date which allows the buyer and seller ample time to properly prepare for and achieve a closing. The closing will be completed no later than 40 days after the end of the current federal government shutdown.

FSA Information

5.19 taxable acres

Taxes

$778.00 Annual

Earnest Money

5% day of auction

Farm Lease

You will get landlord possession at closing and full possession on March 1, 2019. All grain will be removed from the bins and tenants will have vacated the premesis.

Terms and Conditions

Identification will be required to register to bid during this auction. Video and audio recording devices will be in use during the auction which may be broadcast via the Internet or used in other places. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. 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 or other approved holding account the proper non-refundable earnest deposit. The Seller(s) will provide a current abstract or other title conveyance instrument at their own expense unless otherwise noted. The 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. You agree by bidding that you will enroll any CRP acres in your name upon gaining ownership or abide by continuing requires of any government programs or conservation programs on the farm or pay any necessary penalties should you choose not to. The seller reserves the right to accept or reject any and all bids. The successful bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Any announcements made on auction day by the Auctioneer will take precedence over any previous material or oral statements. The Auctioneer may accept absentee, phone or Internet bids from bidders who can not attend the auction or bid on behalf of the seller to advance toward any reserve until the reserve is achieved. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask you to leave if your behavior is not in the best interest of the seller.

Contract

Contact


Rachel Hoy, Farm & Land Specialist

Cell: (515) 954-8063

Email: Rachel@dreamdirt.com


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633

Email: Jason@DreamDirt.com

©2018 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warrant or guarantee any information. It is possible that information has been omitted or reported to us 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.