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Appanoose County Land Auction

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Property Description

Due to the tragic passing of a great friend and one of the principle owners of the farm we have decided to sell the following at Public Auction. This close group of friends is motivated to sell the farm and to put closure on the loss of their friend.

Appanoose County Land Auction – Wednesday, September 6th @ 10AM.

Held at the Cincinnati Community Center – 102 Depot Lane, Cincinnati, IA 52549

466+/- acres offered in 5 Tracts. Farm consists of productive tillable land, hay ground, ponds and timber. Farm Service Agency figures 471.96 acres of farmland and 203.93 acres of cropland.  Fantastic deer hunting, income producing with easy access. Make plans to attend this sale!

Tract 1 – 78+/- acres consisting of productive tillable land, woods, creek and pond.

Tract 2 – 116+/- acres consisting of productive tillable land, hay ground, woods, creek and ponds.

Tract 3 – 80+/- acres consisting of hay ground, woods, creek and ponds.

Tract 4 – 39+/- acres consisting of hay ground, woods and creek.

Tract 5 – 153+/- acres consisting of hay ground, woods, creek and pond.

Call or text Jim Reber (515) 238-9925 or Jason Wallingford (314) 882-6971 for more information.

Sellers: TYL Enterprises, LLC, Frank Family, LLC, Sabad Properties, LLC, & Volunteer Property Management, LLC

TERMS & CONDITIONS ON REAL ESTATE

PROCEDURE:  Tracts 1 through 5 will be offered “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of Tracts 1 through 5 for their high bid (price per acre basis). “Buyer’s Choice” auctioning will continue until all of Tracts 1 through 5 has been purchased.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

INCOME: Seller to retain all 2017 farm income.

ACCEPTANCE OF BID PRICES: Successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding.  Sale of all real estate is subject to the confirmation of the Sellers.

CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.

ABSTRACT & TITLE: Seller shall furnish the buyer(s) at Sellers’ expense an abstract of title to the property, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title.

REAL ESTATE TAXES: Seller to pay all 2017 real estate taxes.

All announcements made sale day take precedence over prior advertising either written or oral. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “As Is, Where Is”.

 

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