Hoenig Family Farm

Hoenig Family Farm

Wednesday, March 15, 2023  |  10:00 AM Central
Auction closed.
Hoenig Family Farm

Hoenig Family Farm

Wednesday, March 15, 2023  |  10:00 AM Central
Auction closed.
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Description

152.6 Acres± • 3 Tracts-

Make plans now to participate in this upcoming Lee County, Iowa land auction. These farms offer productive tillable farmland and include Koszla, Richwood and Sparta soils. All tracts are nicely located at the west edge of Ft. Madison, Iowa and feature unlimited possibilities for ag producers or for the investor/developer.

Auction Representatives:
Jim Huff (319) 931-9292
John Probasco (641) 856-7355

Merit Auctions, LLC


319-405-0031
Catalog Terms of sale
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Lot 0

Lot # 0 (Sale Order: 1 of 4)      

This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3

 

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, April 17, 2023 upon delivery of a merchantable abstract and deed.

At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing. All tracts sell with full farming rights for the 2023 crop year.

The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its as is condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.

Warren Hoenig Estate & Rebecca Hoenig, Executor
and Roger & Laura Hoenig ? Sellers

Representing Attorney:
R.L. (Dick) Fehseke, Jr.
Fehseke & Gray Law Offices
1023 Ave G
Ft. Madison, IA 52627
(319) 372-7181

Auction Representatives:
Jim Huff (319) 931-9292
John Probasco (641) 856-7355


...more

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This lot was not sold.

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Tract 1 19.41 Surveyed Acres...

Lot # 1 (Sale Order: 2 of 4)      

Quantity: 19

  • FSA information should indicate 17.00 acres of tillable crop land. The balance of the parcel is in a wooded area in the western portion.
  • Productive Richwood, Festina & Koszta soils.
  • CSR2 is 82.2!
  • This tract has unlimited possibilities and has high traffic exposure on U.S. Hwy. 61.
  •  Access is on the north by Bluff Rd.
  • Please note the Purchase Agreement will be adjusted to reflect the surveyed acres. The bidding platform will round the quantity to 19 Acres. 

Real Estate Contract_Tract 1.pdf
Tract 1 Survey.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 10,600.00
$10,600.00 x 19 = $201,400.00
Total Bid: USD 201,400.00

You've been outbid  to m****8! to YOU!

Placing your bid. please wait...

$10,600.00 x 19 = $201,400.00 Total

Tract 2 27.39 Surveyed Acres...

Lot # 2 (Sale Order: 3 of 4)      

Quantity: 27

  • FSA information should indicate 27.79 acres of tillable crop land. The balance of the parcel is in a wooded draw in the western portion.
  • Richwood, Koszta & Dickinson soils.
  •  CSR2 is 77.5.
  •  This tract has unlimited development/ business potential and has high traffic exposure on U.S. Hwy. 61. The tract is conveniently in close proximity to a major automobile dealership and a large medical facility.
  • Please note the Purchase Agreement will be adjusted to reflect the surveyed acres. The bidding platform will round the quantity to 27 Acres. 
  • PLEASE NOTE: The access for this tract has been from the south off of Business 61 (Avenue O) for years. However, it has been discovered that this is not a legal access. It will be the buyer(s) responsibility and expense to acquire their own legal access. For complete details contact the auction managers.

Real Estate Contract_Tract 2.pdf
Retracement plat T2.pdf
Retracement plat overlay T2.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,500.00
$8,500.00 x 27 = $229,500.00
Total Bid: USD 229,500.00

You've been outbid  to J****S! to YOU!

Placing your bid. please wait...

$8,500.00 x 27 = $229,500.00 Total

Tract 3 91.50 Deeded Acres...

Lot # 3 (Sale Order: 4 of 4)      

Quantity: 92

  • FSA information should indicate 81.14 acres of tillable cropland including 5.89 acres in CRP with a payment of $214.21 per acre expiring 2030. The balance of the tract is in wooded draws.
  •  Soils include Cantril, Dickinson & Sparta.
  •  CSR2 is 51.9.
  •  Access is on the west by 265th Ave.
  • Please note the Purchase Agreement will be adjusted to reflect 91.50 Deeded acres. The bidding platform will round the quantity to 92 Acres.

 
Real Estate Contract_Tract 3.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 4,250.00
$4,250.00 x 92 = $391,000.00
Total Bid: USD 391,000.00

You've been outbid  to C****3! to YOU!

Placing your bid. please wait...

$4,250.00 x 92 = $391,000.00 Total
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