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Tract 4 - 157.2 surveyed acres{"message":"In _app.tsx child of Layout","renderCount":1}
Tract 2 - 168.76 Surveyed Acres
Lot Closed
Auction by Merit Auctions, LLC(8)
This item is in Montrose , IA
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One-Acre Buildable Lot in Tranquil California Pines!$4,000.00Overview of Tract 2 - 168.76 Surveyed Acres
Item Details
Item Location - State/ProvinceIowa
- FSA information indicates 123.69 acres of tillable cropland. 100% of the cropland acres are in CRP, including 89.01 acres in CRP (CP38-E-25) with a payment of $121.57 expiring in 2030, 34.27 acres in CRP (CP25) with a payment of $168.90 per acre expiring in 2026 and .41 acres in CRP (CP21) with a payment of $272.40 per acre expiring in 2026. The balance of the tract is in a creek bed and wooded draws offering attractive hunting recreational acreage. There are 3 ponds located on the tract.
- Nodaway-Cantril, Clinton & Lindley soils.
- CSR2 is 43.
- Access is on the north by 320th St. via a driveway that will require construction. Said driveway has been approved by the Lee County Engineers Office and subject to their specifications. All construction cost will be the responsibility of the buyer.
- Please note the Purchase Agreement will reflect 168.76 Acres. The bidding platform will round the quantity to 169 Acres.
Tract 2- Purchase agreement.pdf
Tweedy, Elsie - Tract 2 overlay.pdf
Payment
Please contact the Merit Auctions for payment instructions.
CheckWire Transfer
Auction Details
Auction House
Terms Of Sale
The Tweedy farm will be sold in 5 individual tracts based on a survey that is currently in progress. Tract 1 will be sold first for a lump sum total dollar amount. Tracts 2-5 will be sold next 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 tracts for their high bid. Buyer's Choice auctioning will continue until all 4 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.
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, August 24, 2023 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 or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing on all tracts. Tract 1 is serviced by a private septic system and is subject to the Iowa Septic System Law, this property is in a trust, therefore it is exempt from any testing or upgrades, any future testing or upgrades will be at the buyer’s expense. For questions or complete details contact the auction company.
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.
PLEASE NOTE:
Tracts 2 & 3 are being sold subject to a pipeline easement which Seller has already granted to Navigator Heartland Greenway, LLC (Navigator). Navigator has certain rights pursuant to (1) a Pipeline Right-of-Way and Easement Agreement and (2) a Right of Entry, Easement, and Option Agreement, collectively referred to as the Easement Agreements, which have already been executed by Sellers and Navigator. A Memorandum of Agreement concerning the Easement Agreements was recorded in Lee County on June 30, 2023 at Book 2023, Page 2371. Sellers hereby retain the right to receive any future Easement Consideration payments to be paid by Navigator pursuant to the Easement Agreements, and Sellers shall assign to Buyers the right to receive future Crop Damage and Miscellaneous Damage payments to be paid by Navigator pursuant to the Easement Agreements. Both future payments mentioned above will only be paid if Navigator exercises its Option pursuant to the Easement Agreements.