Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Payment

When paying within the stated time and with our acceptable payment methods: 

• A buyer’s premium of $1,000 per Tract applies to items purchased on this Live Webcast Auction, if purchased online.  No Buyer's Premium charged if purchased onsite.

• Down payment is due on the day the auction closes and signing of the contracts will take place through email and electronic document signatures..

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

Mt. Pleasant, Ames 319-385-4709

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

POTTAWATTAMIE COUNTY, IOWA LAND AUCTION

TREYNOR, IOWA
Auction to be held on site at 29000 Elmtree Road, Treynor, IA. 
Located 3 miles north of Treynor on County Highway L55, then 1 mile west on Elmtree Road. 

TUESDAY, JUNE 22, 2021 AT 9AM

Open House on Tuesday, June 8^th from 2-4 PM

73.7199 Surveyed Acres  – SELLS IN 3 TRACTS

Online Bidding Available!

Tract #1 – Home, Buildings & 217,477 bu. Grain Facility on 10.869 Surveyed Acres M/L

Take a look at this site to expand your operation!  Over 20,000 sq.ft. of building space, along with 6 grain bins having over 217,000 bu. capacity.  The home offers plenty of space and is ready to be finished to suit your style & needs.  Watch for more inside pictures coming soon at steffesgroup.com.

Home

Main Level:

- 2,666 sq.ft. of living space on the main level, built in 1999.

- Living room with vaulted ceilings.

- Private office.

- Main bedroom with oak hardwood flooring, unfinished ensuite bathroom, walk in shower & walk in cedar lined closet.- Unfinished kitchen will include uninstalled refrigerator/freezer, stovetop, microwave & sink.

- Adjoining dining area with built in corner table.

- Laundry room with sink, ample cabinets & LG stackable washer & dryer.

- Two bedrooms.

- Unfinished ¾ bath.

Walk Out Lower Level:

- Bedroom with walk in closet, full bath & double vanity.

- Non conforming bedroom with built in bunk bed.

- Non conforming bedroom with walk in closet & dresser mirror.

- Unfinished bathroom with double walk in shower.

- Storage room.

- Utility room with Trane high efficient gas forced air furnace w/ central air.

- Two car garage has been enclosed for a future studio apartment.

- Attached lower level sunroom.

- Vinyl fence backyard with large concrete circle patio.

- Well.

Grain Bins

- GSI 60,984 bu. built in 2011.- Sioux 41,790 bu. built in 2000.

- GSI 27,102 bu. built in 2013.

- GSI 20,809 bu. built in 2010.

- (2) GSI 33,396 bu. built in 2005.

- Large concrete approach with Hutchinson unload pit.

Buildings

- 80’x100’ steel frame insulated building built in 2007.  This building has concrete floors, (2) 26’x18’ overhead doors, (1) 22’x18’ overhead door and part of the floor has in floor heat ready to be finished.

- 60’x98’ pole building with a 24’x14’ overhead door.  This building has concrete floors, an insulated shop with Mitsubishi Mr. Slim AC units, and the rear of the building offers cold storage with sliding doors.

-The 80’x100’ building & 60’x98’ building are connected with a 40’x46’ addition & 12’x24’ addition.  These buildings offer a private office, tool room, parts room & ½ bath.

- 60’x80’ machine shed built in 2000.

- 3 phase electric service is on the property.

Included: All uninstalled building materials present the day of closing, Refrigerator/Freezer, Stovetop, Microwave, Sink, LG stackable washer & dryer, (3) 1,000 gal. LP tanks, Waste oil barrel, Quincy air compressor, second air compressor(non functioning), All other items present on the day of closing.

Not included: 1,000 gal. LP tank, Free standing cattle panels, All attached & unattached shop equipment, All farm machinery & equipment.

Tract #2 – 27.3529 Surveyed Acres

Approx. 25.5 acres tillable with Corn Suitability Rating 2 is 80.8 on the tillable.
Located in Sections 23 & 24, Hardin Township, Pottawattamie County, Iowa.

View Survey

Tract #3 – 35.4980 Surveyed Acres

Approx. 33.5 acres tillable with Corn Suitability Rating 2 is 67.7 on the tillable.
Located in Section 23, Hardin Township, Pottawattamie County, Iowa.

View Tract 3 Soil Map

View Survey

On Tracts 2 & 3 FSA indicates: 60.75 HEL tillable acres.

View FSA Information

Terms:10% down payment on June 22, 2021.  Balance due at closing with a projected date of August 6, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of August 6, 2021.  (Subject to tenant’s rights on the tillable land)

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Tract #1  Net Taxes  $5,496.00 (Rounded)

Tract #2  Net Taxes  $951.00 (Approx.)

Tract #3  Net Taxes  $1,003.00 (Approx.)

Special Provisions: 

• Tracts 2 & 3 are cash rented for the 2021 farming season.  The Buyer(s) will receive the second half of the cash rent payment from the tenant due September 1, 2021 as follows:

  Tract 2 – $2,932.50 ($115 x 25.5 acres)  |  Tract 3 – $3,852.50 ($115 x 33.5 acres)

• Tracts 2 & 3, it shall be the responsibility of the Buyer(s) to serve tenant notice, prior to September 1, 2021, if so desired.
• It shall be the obligation of the Buyer(s) to report to the Pottawattamie County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. C. Final tillable acres to be determined by the FSA office.
• Tract 1 will be sold lump sum price.  Tract 1 has been surveyed in 1999.
• Tracts 2 & 3 will be surveyed by a licensed surveyor and surveyed acres will be the multiplier for Tracts 2 & 3.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing on only Tracts 2 & 3, where the surveyed acres were used for the multiplier.
• The Buyer of Tract 1 shall bear the responsibility and expense to have the septic system(s) pumped & inspected, prior to closing, as required by the Iowa DNR. It shall also be the buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system(s) in accordance with Pottawattamie County & Iowa Laws & regulations.  Prior to closing, the buyer shall acquire the proper paperwork required by the Pottawattamie County Sanitarian for the septic system(s).
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• 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).
• The Buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• The Buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the Buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The Buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Don't miss out on the
Large Multi-Ring Farm Retirement Auction

to follow on June 22 at 10AM

First Farms, Inc. & Den-Mar Corp.

Nicole Hughes – Attorney for Sellers

For information contact Nate Larson of Steffes Group,
319.385.2000 or 319.931.3944