Primrose Road , Donnellson, IA 52625(Lee County)

We look forward to your participation in this outstanding land auction that features a farm that has been in the Loges Family for nearly 150 years!

Representing Attorney:

Fehseke & Gray Law Office

1023 Ave G

Fort Madison, IA 52627

(319) 372-7181

Auction Representative:

Kaycee McGregor (319) 670-8532

TRACT INFORMATION

Tract 1- 104.79 Surveyed Acres

FSA figures should indicate 105.61 farmland acres

Lindley, Weller, Keswick soils

CSR2 is 38.2

acre Pond

Currently in Hay production

Pasture and hay production

Fenced and cross-fenced

Other potential pond or lake sites

Attractive home sites

Access is on the North by Primrose

Tract 2- 107.46 Surveyed Acres

FSA figures should indicate 102 farmland acres

Edina, Belinda, Weller soils

CSR2 56

Currently in Row Crop production

24ft X 36ft 2-story barn with additional machinery storage

Access is on the North by Primrose Rd.

Tract 3- 105.80 Surveyed Acres

FSA figures should indicate 77.5 farmland acres

Balance in Timber draws

Weller, Lindley, Keswick soils

CSR2 38.5 (42.2 on tillable)

Currently in Hay Production

The balance of the tract is in wooded draws offering attractive hunting opportunities.

Borders public hunting Shimek State Forest

Small pond

Attractive, secluded home sites

Access is on the North and will be deeded from 210th St.

Tract 4- 88.91 Surveyed Acres

FSA figures should indicate 86 farmland acres

Weller, Belinda Ashgrove soils

CSR2 40.5

Currently in row-crop and hay production

Access is on the North from 210th St.

Tract 5- 59.84 Surveyed Acres

FSA figures should indicate 55 farmland acres

Weller, Belinda, Ashgrove soils

CSR2 42.5

Currently in Row crop and Hay production

Small pond

Attractive, secluded home sites

Access is on the North from 210th St.

Tract 6- 39.75 Surveyed Acres

Lindley, Weller, Pershing soils

CSR2 37.8

Currently in Cattle Pasture

Fenced and cross-fenced for cattle

Potential pond sites

Attractive home sites

Access is on the East from 129th Ave.

Tract 7- House and building on 29.22 Surveyed Acres

3-bedroom 1 story farm home

Address: 2048 129th Ave, Donnellson, IA

Rathbun Rual Water

Several machinery storage buildings, livestock buildings and livestock lots, pens and feeding facilities

Access on the West from 129th Ave.

METHOD

The Loges farm will be sold in 7 individual tracts based on a survey that is currently in progress. Tracts 1-6 will be sold on a price per acre basis through the marketing method of Buyers Choice, whereas the high bidder has the privilege to take any or all 6 tracts for their high bid. Buyers Choice auctioning will continue until Tracts 1-6 have been sold. Tract 7 will be sold next for a lump sum dollar amount. The tracts will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.

TERMS

Ten (10%) percent of the bid price to be due on the day of the sale with the balance due in approximately 45 days, upon delivery of a merchantable abstract and deed.

At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email, in person or DocuSign. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a 2025 crop lease on the tillable acres. The tillable and pasture on all Tracts sells free & clear for the 2026 farming season. Full possession will be given at the time of closing for Tract 7. Subject to the Iowa Septic System Law the septic systems on Tract 7 is exempt from any testing and upgrades. Any future septic system testing, and upgrades will be at the buyer(s) expense.

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. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its as is condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.