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813 acres Tillable Farmland Auction

Greene/Carroll County, Iowa

10-07-2020 10:00 AM

Larry Schenkelberg Estate Farmland Auction

Auction Location

St. Mary's Roman Catholic Church 205 Olympic Ave, Willey, IA 51401

Listing No.: DDA - 25209

Date: 10-07-2020
Bidding Starts: 10:00 AM


Willey, IA
Bidding Onsite, Online

Bid Online

Directions to Farm

From Carroll, head east on US-30 E/E 6th St for 2.3 miles, then turn right onto Olympic Ave. Continue for 5.9 miles. The auction site will be on your left, watch for signs.

Auction Details

This is an ABSOLUTE auction. The auction will be a live auction with in person bidding and online bidding available. If you are unable to bid in person or online, please contact Auctioneer Nicole Smith or Auctioneer Jason Smith at 515-537-6633.

Open House for Tract 9: September 5th, 2PM - 7PM and October 6th, 4PM-8PM!

Please Note: Only one party/family may tour the home at a time. If you arrive and the home is currently being viewed, please wait patiently for our staff to signal you. Everybody will be served on a first come basis. Do not arrive prior to 2PM. 

Household items auction is online only. Click here to view lots and bid!

Agent Comments

We are honored to offer you the farmland owned by the well known late Larry Schenkelberg, a long time implement dealer and salesman for Schenkelberg Implement. The Larry Schenkelberg Estate will offer the farms in a no reserve ABSOLUTE auction. The real estate will be offered in 10 individual tracts. You will be able to attend the auction live in person at St. Mary’s Catholic Church in Willey or you can bid online using DreamDirt’s Online Land Auction platform. Larry’s good quality farms will make an excellent addition to any farm operation or portfolio. Larry’s good nature and generosity will flow forward as a portion of the proceeds from this farmland auction will support St. Anthony’s Hospital, Kuemper Catholic Schools and St. Mary’s Church in Willey.

Sale Method

Live Auction with Online Bidding Available 

Other Improvements

Septic: Note this property is being sold by an estate. No septic inspection will be conducted and the buyer will not be required to update the septic. Sales if real estate from estates are exempt from Iowa’s septic system laws.

Legal Description

See individual tracts for legal descriptions

Possession

Landlord possession at closing

Closing

On or before December 2, 2020

Soil Productivity

See individual tracts for CSR2 values

Taxes

See individual tracts

Earnest Money

10% due upon signing of purchase agreement

Farm Lease

All tracts will be open possession for 2021.

Terms and Conditions

By bidding on this auction you agree to abide by the Terms and Conditions of this auction. Live and Online Bidding will be available. You must satisfy us of your identity and to be authorized to bid in person or online. 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. Your online bidding experience will be dependent upon your Internet service providers stability. 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 will to the best of our ability work to restore online bidding but do not guarantee it will be available. Google Chrome browser is the preferred browser for interacting with our software. All property will be sold Absolute to the highest bidder regardless of price. Bidding increments are at the discretion of the Auctioneer. 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 the sellers attorneys trust account the proper non-refundable earnest deposit. If you fail to perform or close on this transaction your earnest deposit will not be refunded. 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. The Seller(s) will provide a current abstract 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 currently existing on the property. 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 to transfer the property. A buyer may perform any survey at their expense. 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. The Auctioneer may accept absentee, phone or Internet bids from bidders. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final.

Contract

Contact


Nicole Smith, Technology Coordinator /Online Auctioneer

Cell: (402) 650-3257

Email: Nicole@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.


Tract 1

79 Acres
75.53 Tillable Acres
Tract Detail

$1,398 Annual Taxes

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

SW NW, SE NW 35-85-32

Soil Productivity

82.1 CSR2


Tract 10

213.40 Acres
203.90 Tillable Acres
Tract Detail

$3,872 Annual Taxes   The CRP Contract for this tract will expire on 9/30/2020 and will not be renewed. 

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract. 

Legal Description

28-83-35

Soil Productivity

68.9 CSR2


Tract 2

156 Acres
101.83 Tillable Acres
Tract Detail

$4,144 Annal Taxes 20.7 acres will expire out of CRP on 9/30/2020 and will not be renewed, leaving 12.8 acres enrolled in CRP. 

Home Description

There is no home on this property.

Building Description

There are no buildings on this property.

Legal Description

SW 1/4 35-85-32

Soil Productivity

65.9 CSR2


Tract 3

79 Acres
79 Tillable Acres
Tract Detail

$1,944 Annual Taxes

Legal Description

E 1/2 SE 1/4 32-84-33

Soil Productivity

86.4 CSR2


Tract 4

79 Acres
79 Tillable Acres
Tract Detail

$1,878 Annual Taxes

Legal Description

W 1/2 SE 1/4 32-84-33

Soil Productivity

83.4 CSR2


Tract 5

76.54 Acres
75.04 Tillable Acres
Tract Detail

$1,352 Annual Taxes

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

N 1/2 SW 1/4 21-83-34

Soil Productivity

65.4 CSR2


Tract 6

57.8 Acres
57.03 Tillable Acres
Tract Detail

A survey must be completed in order to determine the exact acres and taxes due on this tract. 

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

21-83-34

Soil Productivity

78.2 CSR2


Tract 7

38.7 Acres
37.92 Tillable Acres
Tract Detail

$710 Annual Taxes

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

NE 1/4 NW 1/4 28-83-34

Soil Productivity

67.3 CSR2


Tract 8

14 Acres
13.75 Tillable Acres
Tract Detail

$242.00 Annual Taxes

Home Description

There is no home on this tract.

Building Description

There are no buildings on this tract.

Legal Description

PT NW NW EXCW 851.73 FT 28-83-34

Soil Productivity

68.6 CSR2


Tract 9

4.87 Acres
Tract Detail

24241 260th St, Carroll, IA Open House for Tract 9: September 5th, 2PM - 7PM and October 6th, 4PM-8PM! Please Note: Only one party/family may tour the home at a time. If you arrive and the home is currently being viewed, please wait patiently for our staff to signal you. Everybody will be served on a first come basis. Do not arrive prior to 2PM.   

Agent Comments

A survey must be completed to determine exact acres and taxes due. BANK FINANCING: You are welcome to use bank financing to purchase this home. The Terms and Conditions state "all bids are cash bids" which means you are guaranteeing that you are bidding as if you are spending cash. Ensure you have your financing arranged prior to bidding as you wil be obligated to close the transaction even if your financing fails.

Home Description

Built in 1969 1,544 sq ft 2 Bedroom  1 Bath Attached garage

Building Description

3 grain bins 18 x 24 shed

Legal Description

21-83-34

Soil Productivity

74.7 CSR2