Danville, IA 52623(Des Moines County)

202 acres (subject to survey) 3 tracts

Attention farmers and outdoor enthusiasts! The Garrels farm offers something for everyone, including highly productive tillable acres, excellent hunting and recreational land, as well as possible building sites. Mark your calendars now and start the year off right by taking a look at and purchasing any or all of these tracts, which are ideally located in close proximity to Geode State Park.

TRACT INFORMATION

Tract 1 49 Acres (subject to survey)

FSA figures indicate 46.14 cropland acres of which 0.27 acres are enrolled in CRP at $197.00 per acre with an annual payment of $53.00 per year expiring in 2030

Major soil types are Grundy and Haig

CSR2 (entire tract) is 76.6!

Highly productive, 100% tillable tract of land

Access is on the south off of Agency Road

Tract 2 77 Acres (subject to survey)

FSA figures indicate 59.88 cropland acres

Major soil types are Weller and Pershing for the cropland acres

CSR2 (tillable acres) is 68.0

The balance of this tract offers wooded recreational areas of which 4.40 acres are in the Forest Reserve Program

There is an older hip roof barn with lean-to

Access is on the west off of Sycamore Road

Tract 3 76 Acres (subject to survey)

FSA figures indicate 20.24 cropland acres

Major soil type is Weller for the cropland acres

CSR2 (tillable acres) is 66.1

The balance of this tract offers excellent recreational opportunities and has 51.77 acres in the Forest Reserve Program

Access is on the east off of Sycamore Road

METHOD & TERMS

The Garrels Farm will be sold in (3) three individual tracts. All three tracts will sell on a price per acre basis, based on a survey currently in progress, with the final surveyed acres used to constitute the final settlement price. Tracts will sell in numerical order and will NOT be offered in their entirety or in any combinations at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or about March 3, 2025 upon delivery of a merchantable abstract and deed. Real Estate Taxes will be prorated to the date of closing. Possession of all tracts will be given at the time of closing subject to a lease with the current tenant for the cropland acres for the 2025 farming season. Buyer will receive 100% of the cash rent for their respective tracts. (Ask auction company for details.)

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company pertaining to this property. Real estate is being sold AS IS.

Helen I. Garrels Estate & The Late Irwin H. Garrels

James I. Garrels - Executor

Representin Attorney:

T.J. Werner | Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP

524 N. Main Street, Burlington, Iowa 52601 | (319) 754-7585

Auction Manager:

Jeff Hoyer (319) 759-4320