Jefferson County Land Auction
Brighton, Iowa
Located 6 miles south of Brighton on W40/Germanville Road, then 2 miles east on 146th Blvd. (3307 146th Blvd.)
TUESDAY, AUGUST 28, 2012 AT 5:02 P.M.
Open House on Tuesday, August 14th from 5-6pm
Well Kept Century Farm!!
230 ACRES M/L Sells in Four Tracts (subject to final survey)
++ Tracts #2 & #3 are being sold choice with the privilege!
Tract #1 Two Story Home with outbuildings on 2.5 Acres M/L (subject to final survey)
This two story home features 1,568 sq.ft. of living space. You will be impressed with the inside of this home with an eat in kitchen with refrigerator & electric stove, formal dining room, living room, full bath and main level laundry room. Upstairs has four bedrooms. Natural woodwork throughout. Outside features include vinyl siding, front porch & enclosed side porch. Partial basement with Tempstar hi efficie...
This two story home features 1,568 sq.ft. of living space. You will be impressed with the inside of this home with an eat in kitchen with refrigerator & electric stove, formal dining room, living room, full bath and main level laundry room. Upstairs has four bedrooms. Natural woodwork throughout. Outside features include vinyl siding, front porch & enclosed side porch. Partial basement with Tempstar hi efficient GFA furnace. Rural water. 24 x 34 detached garage & several smaller outbuildings.
Tract #2 79 Acres M/L (subject to final survey)
FSA Information: 57.58 acres tillable of which the following is in CRP:
33.07 acres at $161.93/acre = $5,355.00 and expires on 9-30-2020.
11.2 acres at $184.55/acre = $2,067.00 and expires on 9-30-2019.
8 acres at $135.84/acre = $1,087.00 and expires on 9-30-2014.
5.3 acres at $87.90/acres = $466.00 and expires on 9-30-2013.
Balance of land is timber. Small pond. Well.
59.8 CSR on tillable and 55.7 CSR on entire farm.
Four grain bins (3) 3,300 bu. (1) 2,275 bu., (1) unused well by windmill.
Located in Sections 25, Walnut Township, Jefferson County, Iowa.
Tract #3 74 Acres M/L (subject to final survey)
FSA Information: 47.77 acres tillable of which the following is in CRP:
15.9 acres at $183.00/acre = $2,910.00 and expires on 9-30-2022
3.2 acres at $177.65/acre = $568.00 and expires on 9-30-2023
27.77 acres at $161.93/acre = $4,496.00 and expires on 9-30-2020.
64.1 CSR on tillable and 51.2 CSR on entire farm.
Balance being timber with a small pond & a well.
Located in Sections 25, Walnut Township, Jefferson County, Iowa.
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Tract #4 75.37 Taxable Acres M/L
A great recreational getaway with timber, food plots & Skunk River access.
This tract is in the Wetlands Reserve Program. (Agreement #65-6114-6-622) More information available upon request.
48.74 acres is in forest reserve.
There is an easement to access this property.
Located in Sections 25, Walnut Township, Jefferson County, Iowa.
Included: Tract #1-Refrigerator & Stove
Not included: Tract #1- (2) chest freezers, Washer, Dryer, LP tank is leased, A/C unit, All personal property,
TERMS: Tract #1 = 20% down payment on August 28, 2012 balance to be paid on or before October 8, 2012 upon delivery of merchantable abstract and deed. (Tract #4 is subject to wetlands reserve easement)
Tract #2, #3 & #4 = 20% down payment on August 28, 2012 balance to be paid on or before September 28, 2012 upon delivery of merchantable abstract and deed.
POSSESSION: Tract #1 home: October 8, 2012. Tracts #2, #3 & #4: September 28, 2012.
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 and will be used to prorate at closing.
Tract #1
Gross $566.27
Homestead $90.73
Net $476.00 (rounded)
Tract #2
Gross $1,133.14
Ag. Cr. $43.67
Net $1,089.00(rounded)
Tract #3
Gross $1,516.28
Ag. Cr. $53.07
Net $1,463 rounded)
Tract #4
Gross $86.05
Ag. Cr. $3.20
Net $84.00 (rounded)
Special Provisions:
It shall be the obligation of the buyer(s) to report to the Jefferson 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. C. Prorate of CRP.
All tillable and CRP acres are approximate. Final tillable and CRP acres to be determined by FSA.
CRP will be prorated as follows:
Tract #2
33.07 acres at $161.93/acre = $5,355.00 and expires on 9-30-2020
11.2 acres at $184.55/acre = $2067.00 and expires on 9-30-2019
8 acres at $135.84/acre = $1,087.00 and expires on 9-30-2014
5.3 acres at $87.90/acres = $466.00 and expires on 9-30-2013
Tract #3
15.9 acres at $183.00/acre = $2,910.00 and expires on 9-30-2022
3.2 acres at $177.65/acre = $568.00 and expires on 9-30-2023
27.77 acres at $161.93/acre = $4,496.00 and expires on 9-30-2020
Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elect to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
Tract #4 is in the Emergency Wetlands Reserve Program. Buyer agrees to abide by all rules and regulations.
Tracts #1, #2 and #3 are being surveyed by a registered land surveyor. The seller shall not be obligated to survey Tract #4.
The buyer of Tract #1 shall reimburse the seller for the remaining gas in the LP gas tank at the current rate on the day of possession.
The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
It shall be the responsibility of the buyer of Tract #1 to update the septic system as per regulations in Jefferson County and the state of Iowa.
The buyer(s) 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.
If one buyer purchases more than on tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
Access to Tract #4 is by an easement.
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.
Dean Schafer Estate & Sharon Schafer
Timothy B. Kuiken Attorney
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