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39 acres Tillable Farmland, Hunting Land Auction

Lee County, Iowa

04-15-2020 2:00 PM

Wendell & Barbara Hocker Auction

Auction Location

Online Only

Listing No.: DDA - 25191

Date: 04-15-2020
Bidding Ends: 2:00 PM

190th St
Fort Madison, IA 52627
Bidding Online Only

Bid Online

Directions to Farm

From Fort Madison, follow US-61 Business north for 1.2 miles. Turn left onto 330th Ave and continue for 2.7 miles. Turn right onto 190th St, and continue for 0.3 miles. The farm will be on your right. Watch for signs.

Auction Details

This is a timed online auction. All bidding will take place online. If you are unable to bid online please contact Agent James Sprinkle (812) 267-4525 or Shayna Sprinkle (812) 572-3856 to make arrangements to place bids offline.

SOLD! $4,625 PER ACRE!

Agent Comments

This great all purpose farm is located a few miles North of Fort Madison, IA in Lee County, and just a quarter mile off a hard surface road. The farm is about half tillable and half timber. It is being roll cropped by the neighbor. Property also has acreage in crp that will expire in Sept 2020. There is ample enough of timber and CRP to give wildlife plenty of areas to hide. The deer sign is prevalent throughout the whole farm. It has a nice creek that runs through the middle. It has a well on the property and water and electric is easily available. It could have a potential building site. Don't miss out on this opportunity to own a hard to find great piece of ground that has it all!

Sale Method

Timed Online Only Auction

Seller has confirmed the sale of this auction! Farm will trade hands!

Home Description

There is no home on this property.

Building Description

There are no buildings on this property. 

Legal Description

NE1/4 NW 1/4 Section 23-68N-4W

Possession

Landlord possession at closing

Closing

On or before May 15, 2020

FSA Information

Currently 7.63 acres enrolled in CRP, expiring 9/30/2020.

Soil Productivity

47.6 CSR2

Taxes

$646.00 Annual

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for the 2020 season. Buyer will receive a rent credit of $75 per tillable acre at closing.

Terms and Conditions

By bidding on this auction you agree to abide by the Terms and Conditions of this auction. You must satisfy us of your identity and to be authorized to bid. We reserve the right to require you to satisfy us of your financial ability to perform on this transaction prior to or after bidding has occurred. As an online bidder you consent to phone calls, text messages or emails from us. Internet latency can result in your bids not being accepted. The timer on online auctions can vary by a few seconds for each bidder depending and how secure and stable your own connection is. We want to give you notice that bidding in the last few seconds is a risky tactic. Using Max bidding prior to the end of the auction is the most secure way to ensure your bid is accepted. We are not responsible for technology failures and can not be held liable if your bids are not accepted. In the event a technology failure or Internet outage on our part we reserve the right to extend the auction ending time. Google Chrome browser is the preferred browser for interacting with our software. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. You must request to review the purchase agreement prior to bidding if you wish to review it. You consent to the form by bidding and waive any legal review of the purchase agreement once the auction has ended. Immediately upon the conclusion of the auction the high bidder(s) will enter into a real estate purchase agreement which is a legally binding contract and deposit with DreamDirt Farm and Ranch Real Estate LLC or other approved holding account the proper non-refundable earnest deposit. If you fail to perform or close on this transaction your earnest deposit will not be refunded. Buyer agrees to sign all documents immediately using electronic means and in a reasonable amount of time wire any necessary earnest funds using bank wire. Buyers failing to meet all terms and conditions of this sale or perform on the real estate purchase agreement are subject to loss of their earnest deposit. Buyers that fail to close on or before the closing date may be subject to paying sellers interest payments or a daily penalty of up to $500 per day at the sellers election, the seller may also elect other legal options including requesting the earnest deposit and selling the property to another party. 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 or appraisal, 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 bids are legally binding offers for real estate. 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 or acres enrolled in government programs in your name upon gaining ownership or abide by continuing requirements of any government programs or conservation programs on the farm. If you do not enroll these acres you will be required to pay any necessary penalties or withdrawal fees the program charges and the seller will not share in this cost. A survey will only be conducted if legally necessary. A buyer may perform any survey at their expense. 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 by the Auctioneer will take precedence over any previous material or statements. All announcements will be placed on our website and the top of the bidding page. The Auctioneer may accept absentee, phone or Internet bids from bidders or bid on behalf of the seller to advance toward any reserve until the reserve is achieved if one exists. Sellers reserve the right to take up to 4 hours after bidding ends to accept the final bid. Being the high bidder does not form a contract until the auctioneer announces the property sold and you are notified the seller has accepted your bid. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final.

Contract

Contact


James Sprinkle, Farm Real Estate Agent

Cell: (812) 267-4525

Email: james@dreamdirt.com


Shayna Sprinkle, Farm Real Estate Agent

Cell: (812) 572-3856

Email: Shayna@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.