Lockridge, IA 52635(Jefferson County)

Mark your calendars now for this late summer, Jefferson County land auction. Both of these farms offer productive tillable acres, hunting and recreational opportunities as well as suitable locations to build on, along or just off of a hard surfaced road.

TRACT INFORMATION

Tract 1 - 34.67 Deeded Acres

FSA figures indicate 26.76 cropland acres.

Major soil type is Weller.

CSR2 of 52.1 (cropland only).

The balance of the farm includes wooded draws.

There is a pond on this tract.

Several locations on this farm would make excellent building sites.

Access is on the north off of West Main Street.

Tract 2 - 79.31 Deeded Acres

FSA figures should indicate 72.94 cropland acres, of which approximately 65.0 are currently being row cropped.

Major soil types are Weller and Coppock.

CSR2 of 57.9 (cropland acres).

The balance of the farm includes wooded draws.

Several locations on this farm would make excellent building sites along or just off of a hard surfaced road.

Access is on the south off of 225th Street.

METHOD & TERMS

The 3G, LLC and Hawkeye Land Co., LLC farms will be sold on a price per acre basis, based on the deeded acres found in this advertisement. Both tracts will be sold through the marketing method of Buyers Choice, whereas the high bidder may elect either or both of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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 before September 8, 2023 upon delivery of a merchantable abstract and deed. Possession will be given at the time of closing, subject to the harvest of the standing crop.

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, LLC pertaining to this property. Real estate is being sold AS IS.

Auction Managers:

Jeff Hoyer (319) 759-4320

Joe Sullivan (844) 847-216