Lee County, IA Land Auction - Wilson

Lee County, IA Land Auction - Wilson

Tuesday, November 1, 2022  |  10:00 AM Central
Auction closed.
Lee County, IA Land Auction - Wilson

Lee County, IA Land Auction - Wilson

Tuesday, November 1, 2022  |  10:00 AM Central
Auction closed.
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Description

344.91 Surveyed Acres • 4 Tracts

Mark your calendars now for this upcoming Lee County, Iowa land auction. This farm offers highly productive tillable farmland and includes hardwood timber areas featuring attractive recreational acreage. Tract 4 is improved with a single-story 3-bedroom country home, as well as a 40' x 60' machinery building, a 50' x 72' storage building and other usable structures. We look forward to your participation in this outstanding Southeast, Iowa land auction.

The Wilson farm is located in Sections 15 & 16, Pleasant Ridge Township, Lee County, Iowa. 4 miles north of West Point, Iowa (20 miles southeast of Mt. Pleasant, Iowa). From West Point, Iowa go north 4 miles on Co Rd. X23 (240th Ave.) to St. Hwy. 16. Turn right or east and proceed ½ mile to the farm.
(Be watching for presale directional signs)

MANAGED BY
Pat Steffensmeier (319) 470-5284
Jim Huff (319) 931-9292
Jeff Hoyer (319) 759-4320
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Method & Terms

Lot # 0 (Sale Order: 1 of 5)      


This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-4.

The Wilson Farm will be sold in four (4) individual tracts based on a survey that has recently been completed. Said surveyed acres will be used to constitute the final settlement price. Tracts 1 - 3 will be sold through the marketing method of "Buyer's Choice", whereas the high bidder can take any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been sold. Tract 4 will be sold last for a "lump sum", total dollar amount. The farm will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 45 days, on or before Thursday, December 15, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer). Possession will be given at the time of closing, subject to a lease with the tenant. Subject to the Iowa Septic System Law, this property is held in an estate, therefore the septic system on Tract 4 is exempt from any septic system testing or upgrades. Any future septic system testing or upgrades will be at the buyer(s) expense. Tracts 1 - 4 sell with full farming rights for the upcoming 2023 crop year.

All announcements sale day shall take precedence over any prior advertising either written or oral. 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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".

CLICK HERE TO VIEW PLAT MAP 

CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 4 PURCHASE AGREEMENT

CLICK HERE TO VIEW SURVEY PLAT

CLICK HERE TO VIEW RESIDENTIAL PROPERTY DISCLOSURE

Dale K. Wilson Estate
Pilot Grove Savings Bank - Executor for the Estate
Ted Vonderhaar  |  President & CEO
Nichole L. Nagel  |  Assistant Vice President/Trust Officer

Representing Attorney:
Greg Johnson  |  Law Office of Gregory A. Johnson
516 7th Street, Fort Madison, Iowa 52627  |  Phone: (319) 372-2532

Auction Managers:
Pat Steffensmeier (319) 470-5284
Jim Huff (319) 931-9292
Jeff Hoyer (319) 759-4320


...more

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Bid Accepted!

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PASSED

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This lot was not sold.

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Reserve Not Met

Tract 1 - 38.07 Surveyed Acres

Lot # 1 (Sale Order: 2 of 5)      

Quantity: 38

 
  • FSA information indicates 34.58 acres of tillable cropland.
  • Highly Productive Mahaska, Haig & Givin soils.
  • CSR2 is 80.6!
  • Access is on the northeast by St. Hwy. 16.
 
The purchase agreement will be adjusted to a quantity of 38.07 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 22,700.00
$22,700.00 x 38 = $862,600.00
Total Bid: USD 862,600.00

You've been outbid  to j****7! to YOU!

Placing your bid. please wait...

$22,700.00 x 38 = $862,600.00 Total

Tract 2 - 69.79 Surveyed Acres

Lot # 2 (Sale Order: 3 of 5)      

Quantity: 70

 
  • FSA information indicates 55.96 acres of tillable cropland. The balance of the tract is in grass waterways and wooded draws.
  • Productive Givin, Pershing & Weller soils.
  • CSR2 is 64.4 9 (70.2 on the tillable acres)
  • Access is on the south by St. Hwy. 16.

The purchase agreement will be adjusted to a quantity of 69.79 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 14,000.00
$14,000.00 x 70 = $980,000.00
Total Bid: USD 980,000.00

You've been outbid  to c****2! to YOU!

Placing your bid. please wait...

$14,000.00 x 70 = $980,000.00 Total

Tract 3 - 230.01 Surveyed Acres

Lot # 3 (Sale Order: 4 of 5)      

Quantity: 230

 
  • FSA information indicates 85.33 acres of tillable cropland and several open acres that are being utilized as hay production/ pasture. The balance of the tract features hardwood timber areas with timber marketing potential and wooded draws. 
  • Weller, Nodaway-Cantril & Lindley soils.
  • CSR2 is 47 (61.8 on the tillable acres)
  • This tract offers awesome hunting/ recreational acreage with high signs of all species of local wildlife including whitetail deer & wild turkey.
  • Access is on southwest by St. Hwy. 16.

The purchase agreement will be adjusted to a quantity of 230.01 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 6,000.00
$6,000.00 x 230 = $1,380,000.00
Total Bid: USD 1,380,000.00

You've been outbid  to c****2! to YOU!

Placing your bid. please wait...

$6,000.00 x 230 = $1,380,000.00 Total

Tract 4 - 7.04 Surveyed Acres & Country Acreage

Lot # 4 (Sale Order: 5 of 5)      

 
  • Physical Address: 2459 St. Hwy. 16 West Point, Iowa 52656
  • This tract is improved with a single story 3 bedroom country home. The dwelling offers 1,414 sq. ft. of living area, 1... baths and a oil burning furnace with central air. Other improvements on the property include 50? x 72? pole barn, a 46? x 60? storage building, an oversized 2 car garage and other usable structures & grain bins. 
  • Rathbun Rural Water is located on this property.
  • We urge you to take a look at this conveniently located acreage that includes hard surface road frontage and several home building sites.
  • Access is on the southwest by St. Hwy. 16.

This tract will be sold for a lump sum, total dollar amount. 
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 165,000.00

You've been outbid  to c****2! to YOU!

Placing your bid. please wait...

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