Wayne County, IA
131.91 Acres M/L
Highway S40
Allerton, IA 50008
| Price | Click to Bid Online |
| Listing | #16049 |
LAND AGENT & AUCTIONEER
Jared Chambers, CAI
Office: 515.222.1347
Mobile: 641.414.0234
Jared@PeoplesCompany.com
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- MLS Number: 646037
- Parcel Number: 110D03100001; 070Q34300003; 070Q34300004; 110D03100003
- School District: Wayne Community
- General Area: East and South of Corydon, Iowa
- Net Taxes: $1,554.00
- CSR2: 43.70
- Water: N/A
- Zoning: Ag
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Auction Details & Terms
Wayne County, Iowa Land Auction
131.91 Acres M/L
Offered In One Tract
Sells With 'No-Reserve' To The Highest Bidder
Seller:
The Estate of Ruby Starnes
Frances Sales, Executor of the Estate
Attorney for the Estate:
Alan M. Wilson, Attorney at Law
Miles Law Firm
Corydon, Iowa 50060
Auction Date:
Wednesday, March 30, 2022 @ 5:00 PM CST
Auction Location:
Wayne County Fair Event Center
800 2nd Avenue
Corydon, Iowa 50060
Auction Method: Property will be offered as one individual tract. All bids will be on a price per acre basis.
Buyer’s Premium: A 5% Buyer’s Premium will be added to final purchase price day of auction and included in the Purchase Agreement.
Farm Program Information: Farm Program Information is provided by the Wayne County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, etc. are subject to change when the farm is reconstituted by the Wayne County FSA and NRCS offices. No conservation plan is available. Buyer will be responsible for obtaining a conservation plan, if chosen.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of a good check or wire transfer. All funds will be held in the Miles Law Firm Trust Account.
Closing: Closing will occur on or around Wednesday, May 11, 2022. The balance of the purchase price will be payable at closing in the form of a certified check or wire transfer. With respect to the timing of the Seller and successful Buyer in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession of the farm will be given at closing.
Farm Lease: There are no current leases in place, including hunting leases. The farm is open for 2022 and beyond.
Survey: There will not be a legal survey performed by the Seller or Peoples Company. The basis of the sale for this property will be 131.91 taxable acres as identified by the Wayne County Assessor’s Office. The Seller, Attorney for the Seller, Peoples Company, nor the Auctioneer makes any guarantees as to the actual number of acres on this farm. If Buyer wishes to obtain a legal survey, it will be at Buyer’s expense. Buyer should perform his/her own investigation and due diligence of the property prior to bidding at the auction.
Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Miles Law Firm the required earnest money payment. The Seller will provide a current abstract(s) at their expense. Sale is not contingent upon Buyer obtaining financing after the conclusion of the auction. All financial arrangements are to have been made prior to bidding at the auction. Transfer will be made by Court Officer Deed. Estate Auction is subject to final court approval.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.
Fences: Existing fences, if any, are in as-is condition and will not be updated. All current and any future fences and fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.
Home & Buildings: This farm contains an old, dilapidated home and out buildings that are beyond repair and need to be disposed of. This site clean-up, and any other future site clean-up on the farm, will be the new Buyer’s responsibility and at Buyer’s expense.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, total acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstracts.
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