Fayette County, IA
80.00 Acres M/L
7109 T Avenue
Oelwein, IA 50662
| Price | Click to Bid Online |
| Listing | #17024 |
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- Parcel Number: 1335400006
- School District: West Central School Disctrict
- General Area: South of Westgage, Iowa
- Net Taxes: $3,578.00
- Zoning: Ag
- Bedrooms: 3
- Full Bathrooms: 1
- Stories: 1 1/2
- Year Built: 1900
- Living Area Square Feet: 1116
- Basement Square Feet: 364
- Exterior: Aluminum
Interactive Map
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Auction Details & Terms
Fayette County Land Auction
80 Acres M/L (Offered in One Tract)
Tuesday, September 12th, 2023 at 10:00 AM
Auction Location:
Westgate American Legion Post 92
115 Main Street
Westgate, IA 50681
Open House:
Thursday, August 31 from 4:00 - 7:00 PM
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.
Auction Method: The farmland will be sold as one individual tract on a price-per-acre basis to the High Bidder.
Farm Program Information: Farm Program Information is provided by the Fayette 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, conservation plan, etc. are subject to change when the farm is reconstituted by the Fayette County FSA and NRCS offices.
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 check or wire transfer. All funds will be held in the Tremaine & Becker Law Firm Trust Account.
Closing: Closing will occur on or before Thursday, October 19th, 2023. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer. Closing will be administered by the Seller's attorney Beth Becker at the Tremaine & Becker Law Office in Sumner, Iowa.
Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.
Farm Lease: The farm lease will continue through the 2024 growing season. The Buyer will receive 100% of the 2024 cash rent. Contact Agent for lease details.
Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the Tremaine & Becker Law Firm the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.
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. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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, etc. may vary from figures stated within the marketing material. The buyer should perform his/her investigation of the property before 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 the Abstract.
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