THIS IS A COMPLETED SALE
View current listings by this company
View current listings by this company
43.80± Acres, Grundy County, Iowa
Previous Page Listing ID#: 1481941
Auction Location |
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Reinbeck Memorial Building, 208 Broad Street, Reinbeck, Iowa 50669 50669 |
Auction Dates and Times |
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Monday Feb 6, 2023 Completed Wednesday Feb 8, 2023 Completed |
Auction Type |
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Live Auction with Online Bidding VIEW ONLINE CATALOG |
Company Information |
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Farmers National Phone: 800-346-2650 Email: Info@FarmersNational.com Website: www.farmersnational.com GoToAuction.com ID#: 7942 View company information and listings |
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Listing Terms and Conditions |
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Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s).
Taxes: Seller will pay those real estate tax installments due and payable through September 30, 2023. Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Farmers National Company. Possession: Possession will be granted at closing on March 8, 2023, or such other date agreed to by the parties. Subject to the current lease. Lease has been terminated for 2023 crop season. Earnest Payment: A 10% earnest money payment is required on the day of the auction. The payment may be in the form of cash, cashier’s check, personal check, or company check. All funds will be deposited and held by Farmers National Company Trust Account. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate contract and deposit with Farmers National Company Trust Account the required earnest payment. The Seller will provide a current abstract of title at their expense. The cost of any escrow closing services will be paid by the Seller. Sale is not contingent upon Buyer(s) financing. Closing: The sale closing is on March 8, 2023, or such other date agreed to by the parties. The balance of the purchase price will be payable at closing in cash, guaranteed funds, or by wire transfer at the discretion of Abby S. Wessel, Reinbeck, Seller’s attorney. Survey: At the Seller’s option, the Seller shall provide a property survey sufficient to provide good title where there is not an existing legal or where new boundaries are created. The Seller will pay the survey cost. Final contract prices will be adjusted to reflect any difference between the advertised and actual surveyed acres. Surveying already done in 2021. Sale Method: The real estate will be offered as a total unit. All bids are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. Bidding increments are solely at the discretion of the Auctioneer. Absentee or telephone bids will be accepted with prior approval of Farmers National Company and Seller. All decisions of the Auctioneer are final. Approval of Bids: Final sale is subject to the Seller’s approval or rejection. Agency: Farmers National Company and its representatives are acting as Agents of the Seller. Announcements: Information provided herein was obtained from sources deemed reliable, but neither Farmers National Company nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Farmers National Company will take precedence over any previous printed materials or oral statements. Farmers National Company and Seller reserve the right to preclude any person from bidding if there is any question as to the person’s credentials or fitness to bid. Additional Comments: Farm will be sold in one tract only as gross surveyed acres. Survey done in 2021. Buyer(s) to reimburse previous tenant for $5,926.63 of P&K Fertilizer applied at closing. Seller(s): Sieh Terra, Ltd. Auctioneer: Tucker Wood |
Listing Information |
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L-2300133 1 Tract - 1 Property Location:From the intersection of Iowa Highway 175 and County Paved Road T-65 near the northeast corner of Reinbeck, travel one mile east on Iowa Highway 175 (260th Street) to a grav... |
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