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Auction Information
Auctioneer Sullivan Auctioneers, LLC 844-847-2161
Auction Date Oct 24 Auction
Location
Morning Sun Community Center
106 N. Main St.
Morning Sun, IA
Time 05:00PM
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Auction Listing
AuctionZip Auctioneer ID# 43943
LOUISA COUNTY, IOWA LAND AUCTION
345 Acres± (subject to survey) 5 Tracts
Monday, October 24, 2016 at 5:00 P.M.
Sale to be held at the Morning Sun Community Center, 106 N. Main St., Morning Sun, IA 52640

Location
The BCD Farm is located in Sections 14, 23, & 26 of Morning Sun Township, Louisa County, IA (2 miles northwest of Morning Sun, IA). At the south edge of Morning Sun, IA using South & North Main ST. go 10 blocks north to Co. Rd. X37 continuing on Co. Rd. X37 1 mile northwest to 35th St. Turn left or west on 35TH St. and go 1 mile to the farm. (Be watching for presale directional signs)

Tract Information

Tract 1 – 19 Acres± (subject to survey)
FSA information should indicate 8.56 acres tillable
Productive Clinton soils (Tillable acres)
CSR2 is 68 (Tillable acres)
The balance of this tract features hard wood timber areas in the northern portion that would be great for outdoor activities. This parcel also offers several home building sites.
Generated $2,695.00 of income in ‘16
Access is on the south by 35th St.

Tract 2 – 122 Acres± (subject to survey)
FSA information should indicate 70.88 acres tillable
Productive Clinton & Keomah soils (Tillable acres)
CSR2 is 66.4 (Tillable Acres)
This tract offers the best of both worlds with productive tillable farmland and excellent hunting/recreational acreage. The parcel also features hard wood timber with future marketing potential and a rock bed creek.
Generated $20,885.00 of income in ‘16
Access is on the south by 35th St.

Tract 3 – 52 acres± (subject to survey)
FSA information should indicate 27.26 acres tillable
Productive Clinton soils (Tillable acres)
CSR2 is 71.7 (Tillable acres)
The balance of this tract features several opportunities for the outdoorsman, offering hard wood timber areas, a creek and a small pond.
There are also several new home building sites included on this parcel.
Generated $8,020.00 of income in’16
Access is on the south by 35th St.

Tract 4 – 24 Acres± (subject to survey)
FSA information should indicate 6.57 acres tillable
Clinton soils (Tillable acres)
CSR2 is 75.5 (Tillable acres)
The balance of this tract offers hardwood timber areas suitable for hunting/recreation as well as several neat home building sites.
Generated $2,216.00 of income in’16
Access is on the north by 35th St.

Tract 5 – 128 acres± (subject to survey)
FSA information should indicate 45.51 acres tillable
Productive Clinton soils (Tillable acres)
CSR2 is 73.2 (Tillable acres)
The balance of this tract has it all for the outdoorsman or hunter including hardwood timber areas with marketing potential. These areas create a sanctuary for all species of wildlife including whitetail deer and wild turkey. This parcel also features a rock bed creek offering a year round water supply.
Generated $14,176.00 of income in ‘16
Access is on the north by 35th St.


Method & Terms
The BCD farm will be sold in five individual tracts, based on a survey that will be completed prior to the auction.  Said survey will be used to constitute the final settlement price.
All five tracts will be sold on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can take, in any order, any or all tracts.  Buyer’s Choice auctioning will continue until all five tracts have sold. All tracts will sell individually and will not be offered in any combinations.
Ten percent (10%) of the bid price will be due on the day of the sale with the balance due at the time of closing and upon delivery of merchantable deed and abstract.  Closing of all tracts is scheduled to be on or before November 29, 2016.  Immediately following the auction, the successful buyer(s) shall enter into a written agreement with the seller.  Real estate taxes will be prorated to the date of closing, based on the last available tax statement.  Possession will be given at the time of closing subject to the current farm lease.  Full possession will be given upon the completion of harvest of the 2016 crops. Farm sells free and clear for the late fall hunting season and the 2017 crop year.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 the property. This real estate is being sold “as is”.

BCD-LLLP – Seller

Representing Attorney:
Roger A. Huddle
Weaver & Huddle
327 N 2nd St,
Wapello, IA 52653
Phone: (319) 523-4221

For additional information, contact: 
Jim Huff (319) 931-9292
Jeff Hoyer (319) 759-4320



Auctioneer License Information: 444000107

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