Henry County, IA Land Auction - Wagner Trust

Thursday, September 9, 2021 | 1:00 PM Central

Auction closed.

Henry County, IA Land Auction - Wagner Trust

Thursday, September 9, 2021 | 1:00 PM Central

Auction closed.

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See Special Terms for additional fees

Winfield, IA

Description

157.81 Acres± • 1 Tract

Mark your calendars now for this upcoming Henry County, Iowa land auction. This farm offers tillable farmland with highly productive Otley and Colo soils and features a CSR2 of 77.7. This farm offers hard surface road access and is conveniently located just southeast of Winfield, Iowa. This is an auction you will not want to miss!

The Wagner Trust Farm is located in Section 36, Scott Township, Henry County, Iowa (3 miles southeast of Winfield, Iowa or 18 miles northeast of Mount Pleasant, Iowa). From Winfield, IA proceed south 2 miles on St. Hwy. 78 then 2-1/2 miles east to Racine Ave. (Co. Rd. X23), then turn right or south and go a 1/2 mile to the farm. (Be watching for presale directional signs)

MANAGED BY
Jeff Hoyer (319) 759-4320
Jim Huff (319) 931-9292

Sullivan Auctioneers, LLC

(844) 847-2161

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Payment Options: Check and Wire Transfer
Payment Instructions: Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies.
Currency Type: USD
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Location: Online Event, Winfield, IA 52659
Driving Directions: Auction to be conducted as a virtual, online only auction. No on-site bidding permitted. If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.

Special Terms

Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence. Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies. Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction. Sullivan Auctioneers, LLC reserves the right to deny registration.

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Method and Terms

Lot # 0 (Sale Order: 1 of 2)

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

The Mark Wagner Trust farm will be sold in one (1) individual tract on a price per acre basis, based on the advertised acres found in this brochure.

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 12, 2021 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. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing, subject to the current farm lease with the tenant for the 2021 crop year. Farm sells with full farming rights for the 2022 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

Mark Wagner Trust
Jill Bowers - Trustee

Representing Attorney:
Alyssa Stewart
Anderson, Roberts, Porth, Wallace & Stewart LLP
524 N. Main Street
Burlington, Iowa 52601
(319) 754-7585

Auction Managers:
Jeff Hoyer (319) 759-4320
Jim Huff (319) 931-9292

Tract 1 - 157.81 Acres+/-

Lot # 1 (Sale Order: 2 of 2)

Quantity: 158

FSA information indicates 141.50 acres tillable including 7.95 acres in CRP (CP21) with a payment of $243.98 per acre expiring in 2024. Additionally there are 11.55 acres in CRP (CP22 Riparian Buffer) with a payment of $81.20 per acre expiring in 2024.
Highly productive Otley, Mahaska & Colo soils.
CSR2 is 77.7!
Access is on the west by Racine Ave. (Co. Rd. X23)
Estimated Real Estate Taxes: $4,938.00

The purchase agreement will be adjusted to a quantity of 157.81 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$10,000.00 x 158 = $1,580,000.00 Total

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1.178.0.771.56c32e2.11.163

Bid Range	Increment
$0.00+	$100.00

Category

Selling Format

Henry County, IA Land Auction - Wagner Trust

Henry County, IA Land Auction - Wagner Trust

Method and Terms

Tract 1 - 157.81 Acres+/-