Fairfield, IA 52556(Jefferson County)

Mark your calendars now for this upcoming late summer Jefferson County, Iowa land auction. The Millane Farms offer highly productive cropland acres, recreational areas, ponds as well as several nice improvements on each tract, including a home. Either one of these farms would make a nice addition to your current row crop operation or possibly build a new home.

TRACT INFORMATION

TRACT 1 - 200 ACRES, HOME, GRAIN BINS & OUTBUILDINGS

FSA figures indicate 160.78 acres of cropland.

Balance of this tract are wooded draws.

CSR2 is 68.0 (cropland acres only).

Major soil types are Otley, Shelby, Clarinda, Mahaska & Taintor.

There is a ranch style 3-bedroom home with attached garage in need of a little TLC.

Eaton 36 & 24 grain bins.

36 x 75 machine shed and an older 24 x 60 farrowing house.

This farm offers highly productive cropland acres along with several hunting and recreational opportunities plus several nice improvements.

Access is on the north off of 130th Street.

TRACT 2 - 40 ACRES, MACHINE SHED & GRAIN BINS

FSA figures indicate 30.99 acres of cropland.

Balance of this tract has a nice sized pond and grass areas.

CSR2 is 83.2! (cropland acres only)

Major soil types are Mahaska & Nira.

There is a nice 40 x 66 machine shed plus other older outbuildings.

(2) Eaton 24 grain bins as well as a Butler & Chief 21 grain bin.

This farm offers highly productive soils along with several very nice improvements.

Access is on the west off of Jasmine Avenue.

METHOD & TERMS

The Millane farms will be sold in (2) individual tracts. Both tracts will sell on a price per acre basis, based upon the advertised acres found in this brochure. Said acres will be used to constitute the final settlement price. Both tracts will be sold through the marketing method of Buyers Choice whereas the high bidder may elect either or both tracts for their high bid. Buyers Choice will continue until both tracts have been sold.

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 before October 23, 2023 upon delivery of a merchantable abstract and deed. Real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing, subject to the current lease with the tenant running through February 2024. Both tracts sell free and clear for the 2024 farming season.

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.

John Millane Estate

John Peiffer - Executor

Representing Attorney:

Vanessa M.Y. Willman | Foss, Kuiken, Cochran, Helling & Willman, P.C.

100 E Burlington Ave, First National Bank Bldg. Suite 201, Fairfield, Iowa 52556 | (641) 472-3129

Auction Manager:

Jeff Hoyer (319) 759-4320