Mavis J. Luebbers Estate

Mavis J. Luebbers Estate

Thursday, February 22, 2024  |  10:00 AM Central
Auction closed.
Mavis J. Luebbers Estate

Mavis J. Luebbers Estate

Thursday, February 22, 2024  |  10:00 AM Central
Auction closed.
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Description

Mark your calendars now for this upcoming northern Iowa Land Auction. Tract 1 offers tillable cropland, includes productive Clyde, Floyd and Maxfield soils and boasts a CSR2 of 77.7. Tract 2 features attractive recreational acreage and several desirable home building sites. Tract 3 offers productive tillable cropland, an older grain bin and attractive building sites. We urge you to take a look at these well maintained tracts that sell with full farming rights for the 2024 crop year.

Auction Manager:
Jim Huff (319) 931-9292

Merit Auctions, LLC


319-405-0031
Catalog Terms of sale
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This lot is for information only & for test bidding. Place your actual bids on the lots below.

Lot # 0 (Sale Order: 1 of 4)      

METHOD

The Luebbers farm will be sold in 3 individual tracts based on taxable and the advertised acres. Tracts 1-3 will be sold on a price per acre basis through the marketing method of ?Buyer?s Choice?, whereas the high bidder has the privilege to take any or all 3 tracts for their high bid. Buyer?s Choice auctioning will continue until all tracts have been sold. The tracts will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.

TERMS

Ten (10%) percent of the bid price to be due on the day of the sale with the balance due in approximately 30 days, on or before Friday, March 22, 2024 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, DocuSign, or in person. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing. Farm sells free & clear for crop year 2024.

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.


Auction Manager:
Jim Huff (319) 931-9292
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Tract 1- 112.17 Taxable Acres

Lot # 1 (Sale Order: 2 of 4)      

Quantity: 112

  • FSA information indicates approximately 109.45 acres of tillable cropland. There is 77.38 acres currently in row crop production with the balance of the of the tillable cropland is in income producing CRP. There is 16.78 acres in CRP (CP38E-25) with a payment of $284.47 per acre, expiring in 2026, 12.80 acres in CRP (CP21) with a payment of $264.24 per acre, expiring in 2026 and 2.49 acre in CRP (CP8A) with a payment of $402.00 per acre, expiring in 2026. The remainder of the tract is in a waterway.
  • Productive Maxfield, Floyd & Clyde soils.
  • CSR2 is 77.7
  • Access is on the west by Co. Rd. T16 (Birch Ave.)
  • Please Note: The bidding platform will round the bidding down to 112 acres. The purchase agreement will reflect 112.17 acres.

Luebbers Purchase Agreement Tract 1 .pdf
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Sold for: USD 9,100.00
$9,100.00 x 112 = $1,019,200.00
Total Bid: USD 1,019,200.00

You've been outbid  to m****1! to YOU!

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$9,100.00 x 112 = $1,019,200.00 Total

Tract 2- 37.24 Taxable Acres

Lot # 2 (Sale Order: 3 of 4)      

Quantity: 37

  • FSA information indicates approximately 33.65 acres of tillable cropland currently in income producing CRP. There is 24.47 acres in CRP (CP22) with a payment of $79.20 per acre, expiring in 2025 and 9.18 acres in CRP (CP38E-25) with a payment of $297.17 per acre expiring in 2026. The balance of the tract is in  wooded areas and a pond.
  • Coland, Waukee & Lawler soils.
  • CSR2 is 63.1
  • This small tract offers potential building sites and attractive recreational acreage.
  • Access is on the north by W. Arlington St.
  • Please Note: The bidding platform will round the bidding down to 37 acres. The purchase agreement will reflect 37.24 acres.

Luebbers Purchase Agreement Tract 2 .pdf
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Bid Accepted!

You've been outbid!

Sold for: USD 2,925.00
$2,925.00 x 37 = $108,225.00
Total Bid: USD 108,225.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

$2,925.00 x 37 = $108,225.00 Total

Tract 3 - 23.83 Taxable Acres

Lot # 3 (Sale Order: 4 of 4)      

Quantity: 24

  • FSA information indicates approximately 23.10 acres of tillable cropland. The balance of the tract is a small building site and a wooded area in the southwest portion.
  • Kenyon, Coland & Marshan soils.
  • CSR2 is 60.6
  • This parcel includes 9,000 +/- bu. grain bin and a 24? x 24? storage building.
  • Access is on the west by S. Audubon St.
  • Please Note: The bidding platform will round the bidding up to 24 acres. The purchase agreement will reflect 23.83 acres.

Luebbers Purchase Agreement Tract 3 .pdf
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Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,250.00
$8,250.00 x 24 = $198,000.00
Total Bid: USD 198,000.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

$8,250.00 x 24 = $198,000.00 Total
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