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

The G&K Development, L.C. farm will be sold in three (3) individual tracts based on deeded and advertised acres. Tracts 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. 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 30 days, on or before Tuesday, October 31, 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. Full possession will be given at the time of closing, subject to the current lease with a tenant. All three tracts sell free and clear for the 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 PURCHASE AGREEMENT

 

G&K Development, L.C. - Seller
 

Representing Attorney:
Ronald D. Fadness
900 Montgomery Street, Decorah, Iowa 52101  |  (563) 382-2933

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

 
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• FSA information indicates 110.76 acres on NHEL cropland. The balance of the tract is in a waterway.
• Highly productive Dockery-Quiver, Klum & Colo soils
• CSR2 is 83.9!
• Access is on the west by S.E. 52nd St. & on the south by S.E. 44th Ave. (Level C roads)

The purchase agreement will be adjusted to a quantity of 130 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
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• FSA information indicates 89.72 acres of NHEL cropland. The balance of the tract is in waterways.
• Productive Dockery-Quiver, Colo & Klum soils
• CSR2 is 79.9.
• Access is on the southwest by S.E. 44th Ave. & S.E. 56th St. (Level C roads)

The purchase agreement will be adjusted to a quantity of 112 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
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• FSA information indicates 156.76 acres of NHEL cropland. The balance of the tract is in waterways & drainage ditches.
• Highly productive Dockery-Quiver, Colo & Klum soils.
• CSR2 is 82.4!
• Access is on the west by S.E. 56th St. & on the south by S.E. 52nd Ave. (Level C roads)

The purchase agreement will be adjusted to a quantity of 202 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
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