Redding, IA 50860(Ringgold County)

GENERAL INFORMATION

546.08 acres 6 tracts

Mark your calendars now for this upcoming major southwest Iowa land auction. The tracts being offered are very diversified, featuring a strong combination of productive tillable farmland along with outstanding hunting and recreational opportunities. Tract 1 includes a three-bedroom home and several outbuildings, ideally situated on a hard surface road just north of the small town of Redding, Iowa. These farms were generously left to the Faith Masonic Lodge of Mt. Ayr several years ago, and in a remarkable gesture, 100% of the proceeds from this auction will be dedicated to scholarships for local youth. This is an opportunity and event you will not want to miss!

A NOTE FROM THE MEMBERS OF FAITH MASONIC LODGE

Jack Bailey was a member of Faith Masonic Lodge #179.

The fundamental tenets of Freemasonry are Brotherly Love, Relief, and Truth. Jack was a good Mason, a good neighbor, and good friend to all, and he certainly followed those fundamental tenets in his daily life. Having no children of his own, Jack chose to give his farm to Faith Lodge. He requested that the Lodge use the proceeds from the farm to provide scholarships for the children of others who desire to further their education after completing their basic education in Ringgold County. Jack's philanthropy will help the youth of today achieve greater success and he will truly be remembered for the right reasons for many generations to come.

TRACT INFORMATION

Tract 1 - 241.90 taxable acres

FSA information indicates approximately 154.16 acres of tillable cropland, currently in row crop production and hay production. The balance of the tract is in open meadows that is in hay production and wooded draws.

Productive Nodaway, Humeston & Zook soils.

CSR2 is 58.5.

This parcel is improved with 3 bedroom modular home that was built in 1979 offering 1,344 sq. ft. of living area and a full basement with a drive in garage. The house has been unoccupied since early this spring.

Southern Iowa Rural Water Assn. provides water and public sewer.

There (2) older pole barns, an older storage building and (4) ponds on the tract.

Access is on the east by Co. Rd. P27 & on the south by Lantz St.

Tract 2 - 28.00 taxable acres

FSA information indicates approximately 24.77 acres of tillable cropland.

Productive Humeston & Nodaway soils.

CSR2 is 70.4.

Access is on the north by 280th St.

Tract 3 - 13.20 taxable acres

FSA information indicates approximately 12.53 acres of tillable cropland.

Productive Sharpsburg & Zook soils.

CSR2 is 76.4.

Access is on the west by Co. Rd. P27.

Tract 4 - 114 taxable acres

FSA information indicates approximately 93.38 acres of tillable cropland. The balance of the tract is in waterways and wooded draws offering attractive hunting/ recreational acreage.

Ladoga, Armstrong & Mystic soils.

CSR2 is 50.9.

Access is on the north by 285th St.

Tract 5 - 120 taxable acres

FSA information indicates approximately 105.43 acres of tillable cropland. The balance of the tract is in wooded draws offering attractive hunting/ recreational acreage.

Olmitz-Zook-Humeston, Gara & Armstrong soils.

CSR2 is 35.9.

Access is on the northeast by 290th St. (level B road).

Tract 6 - 28.98 taxable acres

FSA information indicates approximately 21.70 acres of tillable cropland, currently in hay production. The balance of the tract is in wooded draws and there is a small pond.

Zook-Ely, Gara & Armstrong soils.

CSR2 is 43.2

Access is on the south by Cemetery Rd.

METHOD & TERMS

The Faith Masonic Lodge of Mt. Ayr Farms will be sold on a price per acre basis, based on Taxable Acres. All 6 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tracts will then be offered through the marketing method of Buyers Choice until all tracts are sold. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 in approximately 45 days on or about December 29, 2025 upon delivery of a merchantable abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a lease with the current tenant for the 2025 farming season. All tracts sell with full farming rights for the 2026 crop year.

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

Faith Masonic Lodge of Mt Ayr

Representing Attorney:

Katheryn J. Thorson | BrownWinick Law Firm

666 Grand Ave, Suite 2000, Ruan Center, Des Moines, IA 50309 | (515) 242-2400

Auction Managers:

Tim Meyer (319) 750-1233

Nate Larson (319) 931-3944

Trevor Frain (641) 202-4992