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Auction Information
Auctioneer Sullivan Auctioneers, LLC 844-847-2161
Auction Date Nov 05 Auction
Location
61 Chop House Banquet Room
213 Wapello St. S.
Mediapolis, IA
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 43943
DES MOINES COUNTY, IOWA LAND AUCTION
Saturday, November 5, 2016 at 10:00 A.M.
662 Acres± (subject to survey) • 9 Tracts
Sale to be held at the 61 Chop House banquet room, 213 Wapello St. S., Mediapolis, IA 52637

LOCATION
The Moore Farms are located in Section 35 of Yellow Springs Township, Sections 1, 2 & 11 of Franklin Township and Section 6 of Benton Township, Des Moines County, Iowa. Tracts 1 & 2 are located at the south edge of Mediapolis, Iowa, along Hwy. 61. Tracts 3, 4, 5 & 6 are located approximately 2 miles south of Mediapolis, Iowa (Tract 3 is along Hwy. 61 and Tracts 4, 5 & 6 have access along the east off 115th Ave). Tracts 7 & 8 are located approximately 21⁄2 miles south of Mediapolis, Iowa (Tract 7 is along Hwy. 61 and Sperry Rd.; Tract 8 is along 198th St. to the north and Sperry Rd. to the south). Tract 9 is located approximately 3 miles southeast of Mediapolis, along 102nd Ave. All tracts have high visibility and easy access. Follow pre-sale directional signs to each tract.
 
GENERAL INFORMATION
Farmers & investors… Mark your calendars now for this major Iowa land auction!
The Moore Farm represents some of the most productive soils in the entire midwest with CSR2’s in the mid to upper 80’s.
This property also offers improved pastureland, excellent recreational acreage and features an outstanding building site that includes a 3 acre lake.
All tracts sell with full possession for 2017!
 
TRACT INFORMATION
Tract 1 • 113 Acres± (Subject to Survey)
FSA information should indicate 109.01 acres tillable
Highly productive Mahaska & Taintor soils
CSR2: 85.3!
Access is on the south by Hawk Rd.
Estimated Real Estate Taxes: $3,461.00


Tract 2 • 40 Acres± • (Subject to Survey)
FSA information should indicate 33.10 acres tillable with 2.5 acres in CRP at $205.81 per acre, expiring in ’23.
The balance of this tract is in wooded draws and waterways.
Productive soils include Mahaska, Nira & Taintor
CSR2: 80.9!
Access is on the north by Hawk Ave. & on the west by U.S. Hwy. 61
Estimated Real Estate Taxes: $1,113.00


Tract 3 • 100 Acres± (Subject to Survey)
FSA information should indicate 95.67 acres tillable
Productive Mahaska, Hedrick & Taintor soils
CSR2: 82.8!
Access is on the west by U.S. Hwy. 61
Estimated Real Estate Taxes: $2,614.00


Tract 4 • 132 Acres± (Subject to Survey)
FSA information should indicate 120.50 acres tillable with the balance in wooded draws and waterways
Productive soils include Mahaska, Hedrick & Givin
CSR2: 82.5!
Access is on the east & northeast by 115th Ave.
Estimated Real Estate Taxes: $3,682.00


Tract 5 • 13 Acres± (Subject to Survey)
Outstanding small tract of land with new home building site that overlooks a stocked 3 acre lake and offers a park like setting.
If are looking to build or just want a place to get away to enjoy nature and the great outdoors this could be the spot for you—we urge you to take a look!
Access is on the east by 115th Ave.
Estimated Real Estate Taxes: $274.00


Tract 6 • 51 Acres± (Subject to Survey)
Excellent improved pastureland with good fences, 2 usable livestock barns, and a pond. The parcel also offers new home building sites surrounded by several large hardwood trees.
Soils include Hedrick, Gara-Rinda & Lindley
CSR2: 58.4
Access is on the east by 115th Ave.
Estimated Real Estate Taxes: $1,256.00


Tract 7 • 64 Acres± (Subject to Survey)
This tract is 100% tillable
Productive Mahaska & Taintor soils
CSR2: 82.5!
Access is along the west side by Hwy. 61. Additional access along the south off Sperry Rd. by way of a shared driveway with Tract 8. Said driveway will need to be constructed and meet the specifications of the Des Moines County Secondary Road Dept. Installation cost will be the responsibility of the new buyer.
Estimated Real Estate Taxes: $1,857.00


Tract 8 • 109 Acres± (Subject to Survey)
This tract is also 100% tillable
Highly productive Mahaska & Taintor soils
CSR2: 86.4!
Access is on the north by 198th St. Additional access along the south off Sperry Rd. by way of a shared driveway with Tract 7. Said driveway will need to be constructed and meet the specifications of the Des Moines County Secondary Road Dept. Installation cost will be the responsibility of the new buyer.
Estimated Real Estate Taxes: $3,237.00


Tract 9 • 40 Acres± (Subject to Survey)
Excellent hunting & recreational acreage featuring hardwood timber with future marketing potential. Great habit for all species of wildlife such as whitetail deer and wild turkey.
Other attributes include several areas that would be ideal for building a country home or your dream cabin for weekend getaways.
Access is on the northeast by 102nd Ave.
Estimated Real Estate Taxes: N/A (Forest Reserve)


METHOD & TERMS
Acres in this advertisement are estimated; a survey is in progress and will be completed prior to the auction. Said surveyed acres will be used to calculate the final settlement price. All nine tracts will sell on a price per acre basis, based on the final surveyed acres. All nine tracts will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can elect (in any order) any or all tracts for their high bid. Buyer’s Choice auctioning will continue until all tracts have been sold. The farm will NOT be offered in its entirety at the conclusion of the auction. Bidding is not contingent upon obtaining financing.
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 December 5, 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. Farm sells free and clear for the 2017 crop year.
All announcements made sale day take precedence over 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 this property. Real estate is being sold “AS IS”.
 
SPECIAL PROVISIONS
This real estate is being sold subject to public road easements and all other easements of record.
All fences and fence lines shall be governed by the State of Iowa and the Des Moines County fence line rules and regulations.
It will be the responsibility of the new buyer(s) to show proof of purchase to the Des Moines County FSA Office so that he/she will receive all future government payments, including the prorated CRP payment on Tract 2. Buyers will be required to abide by all CRP contracts and hold the sellers harmless of any default of said contracts.
The tenants were served Lease Termination prior to September 1, 2016, with said Lease ending March 1, 2017.
All personal property will be reserved for the tenant, including cattle equipment and feeders located on Tract 6.
If in the future a site clean up is required, it will be at the expense of the buyer(s).


For additional information, contact auction managers:
Jim Huff (319) 931-9292
Jeff Hoyer (319) 759-4320
 
The Max Moore Trust & The Moore Charitable Remainder Trust
US Bank


Terri Dowell
Vice President & Managing Director
201 Jefferson St.,
Burlington, IA 52601
Representing & Closing Attorney:
Gary L. Putnam
Hirsch, Adams, Putnam, Cahill & Hiley, P.L.C.
1307 Broadway St,
West Burlington, IA 52655
Phone: 319-754-7545




Auctioneer License Information: 444000107

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