Bidding opens August 10, 2021, and ends August 24, 2021, at 10:00 a.m. CDT
This real estate is selling on our unreserved online auction. To register and bid, visit www.bigironrealty.com.
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Advantage Realty & Land Management Office
2722 Highway Blvd
Spencer, IA 51301
BigIron Realty Agents will be at the Advantage Realty Office in Spencer, IA, on August 23, 2021, from 3:00 p.m. CDT until 5:00 p.m. CDT and August 24, 2021 from 8:30 a.m. CDT until the conclusion of the online auction. Please come during the times scheduled to discuss the property. BigIron Realty Representatives will be there to assist Buyers with bidding online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this real estate for 14 days beginning August 10, 2021, and ending August 24, 2021, at 10:00 a.m. This unreserved online auction features bidding extensions. The closing times will be automatically extended when the property receives a bid in the last 5 minutes and close when there is no bid for 5 minutes. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
General Description: This attractive, gently rolling tract consists of 155+/- acres of dryland in Garfield Township, Clay County, IA, located just two miles on gravel from county blacktop roads. Previously, this farm raised row crops until being enrolled in 4 CRP contracts expiring in 2030 and 2031. Additionally, the farm is enrolled in a Habitat and Public Access Program Agreement with the Iowa DNR through 2026. Seller requires the Buyer to remain in contracts. The remains of the original acreage are situated on 2.5 acres not enrolled in any contracts.
Land Location: From Webb, IA, go east 4 miles on County Road B63, turn north on 330th Avenue and go 2 miles. From US Highway 18, go south 10 miles on County Road N14, turn east on 460th Street and go 2 miles.
Legal Description: The NE ¼ of Section 11-94-35 Clay County, IA, containing 155+/- acres.
2020 Taxes: $4,554.00
Owner: Rosella Rosacker Estate
Title Company: KC Title & Closing
For more information, contact listing agents:
Mark Stock 402-276-2077 or Sam Harper 712-339-5002
Terms: The successful Buyer will be required to enter into a written purchase agreement with a non-refundable 15% down payment the day of the auction. The balance will be due at closing on or before September 24, 2021. The Buyer will receive full possession on the date of closing. The closing will be handled by KC Title & Closing. Seller will provide marketable title to the Buyer evidenced by a current abstract or a title insurance commitment. The cost of title insurance, if used, will be divided equally between the Seller and Buyer. The current year’s real estate taxes will be prorated to the date of closing. The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty and Advantage Realty & Land Management are working for the Seller.