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Auction Information
Auctioneer Steffes Auction & Real Estate 319-385-2000
Auction Date Nov 01 Auction
2481 Highway 92 East
Washington, IA
Time 10:00AM
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The land is located 7 miles west of Washington on G38, then south 1 mile on Ginkgo Ave., then west 3/4 mile on 260th Street.  Watch for signs.

Auction will be held at Hills Bank & Trust, 2481 Highway 92 East, Washington, Iowa.

TUESDAY, NOVEMBER 1, 2016 AT 10:00 A.M.


40 Acres M/L
FSA information: 33.51 HEL acres tillable, balance being timber.
Corn Suitability Rating 2 of 58.2 (CSR 1 of 56) on the tillable.
Located in Section 24, Dutch Creek Township, Washington County, Iowa.

Not Included:
2016 crops

Terms: 20% down payment on November 1, 2016. Balance at closing with a projected date of December 16, 2016 upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 16, 2016. (Subject to tenant’s rights.)

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.


The following taxes are approximate:

Gross              $797.06
Ag. Credit         ($24.64)

Net                   $772.00 rounded




Special Provisions:

·         It shall be the obligation of the buyer(s) to report to the Washington County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.

·         Notice has been given to the tenant, the farm is selling free and clear for the 2017 Farming Season.

·         Seller shall not be obligated to furnish a survey.

·         The buyer shall be responsible for any fencing in accordance with Iowa state law.

·         The buyer shall be responsible for installing his/her own entrances if needed or desired.

·         If in the future a site clean-up is required it shall be at the expense of the buyer.

·         This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

·         The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

·         Any announcements made the day of sale take precedence over advertising.

Owner: Marjorie B. Rich Estate
Hills Bank & Trust Company – Executor

Vincent C. Gaffney – Trust and Wealth Management Officer
Jeffrey S. Ritchie, Vice President, Trust and Wealth Management

Charles Coulter– Attorney for Estate

For information contact Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)

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