Lee County, Iowa Acreage with Greenhouses, Improvements & Cropland For Sale
Lee County, IA
57.56 Acres M/L
57.56 Acres M/L
239th Avenue
Montrose, IA 52639
| Price | $465,000 |
| Listing | #19610 |
Corporate Services Manager
Jaxon Goedken
Office: 515.705.6203
Mobile: 319.283.0084
[email protected]
Property Info
Description
Legal Description
Directions
- Parcel Number: Parcel 'F' on the recorded survey
- School District: Central Lee CSD
- General Area: Montrose, IA
- Net Taxes: $1.00
- CSR2: 47.6
- Water: Rathbun Rural Water & Well
- Zoning: Agriculture
Additional Info
General: The property, including, but not limited to, cropland, agricultural buildings, and/or dwellings owned by the State of Iowa in Lee County, Iowa, is being offered for sale via the “Iowans Buy Iowa Program.” The program is a cooperative effort between the Iowa Department of Agriculture and Land Stewardship, the Iowa Economic Development Authority, and the Iowa Department of Administrative Services. Please consult the additional information pertaining to this program included in the Bid Submittal Form within this brochure.
Bid Process: Bids must be submitted to Peoples Company on the Bid Submittal Form as described in this brochure. On XXXXXXXXXXX, Seller will consider all offers received. Seller reserves the right to accept or reject any bid for any reason. If no acceptable bid(s) are received by Monday, October 26th at 12:00 pm, Seller will review any subsequent offers as they are received.
Bids, in written or electronic format, for the Property should be submitted to the following:
Riley Sieren - [email protected]
219 Westwood Cir
Kalona, IA 52247
Bids for the property shall be submitted on the Bid Submittal Form that can be obtained by contacting Listing Agent Riley Sieren by phone at (319) 591.0111 or by email at [email protected]. Please complete each blank field provided in the Bid Submittal Form. Bids can be submitted via mail or email.
Bids should be for the total dollar amount and not per acre. Bidders must be qualified under any or all of the “Iowans Buy Iowa Program” categories for their bid to be considered and to ultimately purchase the property. Any bids submitted should have any accompanying documentation showing qualification under the “Iowans Buy Iowa Program” qualifying criteria. Please note that any Patent issued by the Seller to successful bidder must solely be to the individual or entity name used to qualify for the “Iowans Buy Iowa Program.” Seller reserves the right to reject any and all bids and to modify bidding requirements at its discretion.
Approval of Bids: Any and all bids, and/or Offer to Buy, are subject to the Seller’s approval or rejection.
Agency: Peoples Company and its representatives are agents of the Seller. Bidders acknowledge that they are representing themselves in completing the sales transactions.
Offer to Buy and Earnest Money: The State of Iowa will provide an “Offer to Buy” (“OTB”) document for the property, outlining the final terms and conditions associated with purchase. Any terms and conditions in the OTB take precedence over the information in this brochure. Once a Potential Buyer is notified that they are the successful bidder, they must submit a 10% earnest money payment and a completed OTB to Peoples Company within three (3) business days of the acceptance. Payment must be in the form of a cashier’s check, personal check, or company check. Earnest money will be held in the Peoples Company Trust Account.
Closing: Closing will occur on a date agreed to by the parties. The balance of the purchase price will be payable on or before the agreed-upon closing date in the form of a check, and the Buyer will be required to pay the remaining balance as agreed in the OTB. If the balance is not paid on or before closing, the Buyer risks forfeiting the 10% earnest money. Possession of the land will be granted upon issuance of a State Land Patent as described in the “Possession” section.
Possession: Title and possession of the land will be granted when the State of Iowa issues a Land Patent. Once all monies are received, the Buyer should allow for approximately 30 days for the recordation of the State Land Patent and transfer of the property to Buyer; however, the State makes no guarantees regarding the timeline for issuance or recordation of the Patent. The Seller will make an abstract dated March 22, 2024 available for examination; however, this abstract will remain the property of the State. In the event the Buyer desires any further abstracting, any cost will be the responsibility of the Buyer. However, the State will have no obligation to clear any title objections, and the sale of any tract will be without any warranties, express or implied, and is subject to all easements, covenants, restrictions of record. Further information regarding the abstract and subsequent recordings is included in the OTB. The conveyance will be exempt from real estate transfer tax, declaration of value, and ground water hazard statement pursuant to Iowa Code section 428A.2(6). The sale is not contingent upon Buyer financing. Contact the Listing Agent for clarification on how the property will be transferred to the Buyer.
Property Taxes: The property is owned by the State of Iowa, which is a tax-exempt entity, and therefore property taxes are currently not paid on the property. Buyer should acknowledge that there will not be a property tax proration at closing. Upon the change in ownership, the property will be added to the tax rolls and property tax will become due and payable in the future years.
Farm Program Information: Farm Program Information is provided by the Lee County Farm Service Agency. All figures contained in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Lee County FSA and NRCS offices.
Surveys: The property has been surveyed, as reflected in the marketing materials. No additional surveying or staking will be completed by the Seller.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee made as to the ownership of the mineral interests on the property.
Septic Tanks: The agricultural dwelling(s) and other buildings, including the contents of same, will be sold on an “as is, where is” basis. The agricultural dwelling(s) and other building(s) are served by a private sewage disposal system(s). Any and all septic system inspections, repairs, removal, or replacement and/or the responsibility for removal of the buildings will be at the sole cost and responsibility of the Buyer. The Buyer will be responsible for and required to take all actions required to comply with Iowa Administrative Code Chapter 567-69. Specifically, prior to closing, Buyer shall provide proof of one of the following: (i) that the existing private sewage disposal system has passed a certified inspection; (ii) that Buyer has executed a binding agreement with the local board of health to address the private sewage disposal system; or (iii) that the Buyer intends to demolish or raze the impacted building(s) consistent with Section 567-69.2(1)(a)(7).
Conditions: Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, investigations, and due diligence regarding the property. The property is sold on an “AS IS, WHERE IS” basis with no warranties or guarantees, expressed or implied, made by Peoples Company or the Seller. Peoples Company obtained the marketing information from sources believed to be reliable. However, Peoples Company makes no guarantee, warranty, or representation about it. Peoples Company includes projections, opinions, assumptions, or estimates for examples only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Bidders will receive an “Offer to Buy” (“OTB”) document from the State of Iowa for the property being purchased, outlining the terms and conditions associated with the purchase.
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