Doon, IA 51235(Lyon County)

Auctioneers Note: Our company is honored to have been selected by the Jake Teunissen Jr. Estate to offer this farmland for sale at live public auction! Make plans today to attend this auction! This farmland offers a great opportunity to start your land portfolio or add to your current operation!! This farmland is in a great location! Farms are not often offered for sale in this area! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

Legal Description of Tract 1: Parcel C in the SE 1/4 Section 28-98-46, Lyon County, IA.- Subject to all public roads and easements of record.

General description of Tract 1: According to the survey, this property contains 79.86 gross acres. According to FSA and recent survey this farm contains approx. 78.78 tillable acres with the balance in road and ditch. This farm has a corn and soybean base combined with Tract 2 with a PLC yield of 192bu. on corn and a PLC yield of 62bu. on soybeans. FSA will do a reconstitution once the farm is sold. This farm is classified as HEL. The predominant soil types include: 410B2, 410C2, T410B, T410-Moody, 910B-Trent, 430-Ackmore and 401D2-Crofton. The average CSR1 is 58 and the average CSR2 is 67. This farm appears to have a good state of productivity and is well managed. This farm has had hog manure applied on a regular basis. This is an inside parcel of land with road on only one side. This farm can be farmed in half mile rows. This farm is in the ARC County Program. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Legal Description of Tract 2: Parcel D in the SE 1/4 Section 28-98-46, Lyon County, IA.- Subject to all public roads and easements of record.

General description of Tract 2: According to the survey, this property contains 72.53 gross acres. According to FSA this farm contains approx. 67.75 tillable acres with the balance in road and ditch and waterway. This farm has a Blacktop on South side and gravel road on the East side. This farm has a corn and soybean base combined with Tract 2 with a PLC yield of 192bu. on corn and a PLC yield of 62bu. on soybeans. FSA will do a reconstitution once the farm is sold. This farm is classified as HEL. This farm has some highly productive bottom ground and has also had manure applied on a regular basis. The predominant soil types include: 410C2, 410B, 410B2, T410-Moody, 133-Colo, 910B-Trent, 33E-Steinauer, 430-Ackmore and 401D2-Crofton. The average CSR1 is 58.7 and the average CSR2 is 69.3. This farm appears to have a good state of productivity and is well managed. This farm is in the ARC County Program. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!! Note: There is a well on this property that is no longer in use. The buyer of Tract 2 will be restricted from constructing a livestock confinement, concentrated livestock facility of any kind or livestock manure storage facility within 600 feet of Parcel E (current acreage site) for a period of 15 years from date of closing. Buyer of Tract 2 will be required to reimburse current tenant for hog manure that was applied in the Fall of 2021. Contact agent for details.

Method of sale: The farms will be sold based on gross surveyed acres. Farms will be offered in the following method. The successful bidder will have the choice of buying Tract 1 or Tract 2 or both. In the event that the successful bidder only chooses one Tract, the remaining parcel will then be sold to the highest bidder. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer combined are approx. $4250.00 per year. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2022. These farms are available to farm for the 2022 Crop Year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before Dec.22, 2021 when the buyer shall receive a clear and merchantable title to the property. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This sale is subject to Court Approval. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Brian Van EngenAttorney for Seller.

Jake Teunissen Jr. Estate Owners