Sharon F. Sedore Estate & Betty Lee

Sharon F. Sedore Estate & Betty Lee

Tuesday, September 24, 2024  |  10:00 AM Central
Auction closed.
Sharon F. Sedore Estate & Betty Lee

Sharon F. Sedore Estate & Betty Lee

Tuesday, September 24, 2024  |  10:00 AM Central
Auction closed.
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Description

Approximately 74.66 taxable acres located in Sections 23 & 24, Keokuk Township, Wapello County, IA (10 miles southeast of Ottumwa, IA or 7 miles northwest of Eldon, IA).

Make plans now to participate in this upcoming Wapello County, IA Real Estate Auction. This farm offers tillable farmland with productive Coppock, Nodaway-Cantril and Colo soils and boasts a CSR 2 of 77.4. This parcel also features attractive hunting/recreational acreage.

Also selling personal property. Further information will appear soon!

Merit Auctions, LLC


319-405-0031
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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 2)      

METHOD 
 
The Sedore-Lee Farm will be sold first based on the advertised and taxable acres on a price per acre basis. The Eldon, IA home will be sold next at 11:00 AM for a lump sum total dollar amount. 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, October 25, 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. Possession will be given on the farm at the time of closing subject to a lease with the tenant. Farm sells free & clear for the 2025 crop year. Full possession will be given at the time of closing on the home located in Eldon, IA.

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.


Real Estate Contract (Farm).pdf
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TRACT 1: 74.66 TAXABLE ACRES

Lot # 1 (Sale Order: 2 of 2)      

Quantity: 75

  • FSA information should indicate 48.25 acres of tillable cropland, currently in row crop production. The balance of the farm is in wooded draws and wood areas in the southern portion of the tract offering attractive hunting and recreational acreage.
  • Coppock, Nodaway-Cantril & Colo soils.
  • CSR2 is 77.
  • Access is on the north by Co. Rd. J12 (River Rd.).
Please Note: The bidding increments will be rounded, the Purchase Agreement will reflect 74.66 Taxable Acres
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Sold for: USD 8,200.00
$8,200.00 x 75 = $615,000.00
Total Bid: USD 615,000.00

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

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$8,200.00 x 75 = $615,000.00 Total
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1.178.0.2666.f5367c2.14.29