154+/- Acres Monona County, IA

154+/- Acres Monona County, Iowa

Selling On Our

UNRESERVED ONLINE AUCTION

August 15, 2022

Bidding opens August 1, 2022, and ends August 15, 2022, at 2:00 p.m. 

CDT

UPDATED TERMS --- with POSITIVE INCOME to BUYER for 2022. 

The Sellers have agreed to CREDIT the 2022 CRP Payment of $39,945.00 to the Buyer at Closing. This property consists of 154.0 total assessed acres. There are 133.15 acres in the CRP program, which expires on September 30, 2027. The balance is composed of13.99 non-CRP crop acres and 6.86 acres of a ditch running in a northwest to southeast direction from the northwest corner of the property. At one time this farmland was leveled for gravity irrigation. The 13.99 non-CRP acres are leased and planted to corn in 2022. The CRP acres were burned in compliance with guidelines in the spring of 2022. These CRP acres are low maintenance and easily accessed. This CRP land is a great spot for pheasant hunting. The annual payment of $300.00 per acre or a total of $39,945.00 is generated on the 133.15acres. The 13.99 non-CRP crop acres have been cash rented for the 2022 season. The CRP payment and cash rent will be retained by the seller. Because of this, the seller will pay the 2022 real estate taxes.

The bidding increments will be $50/acre.  The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting & Auction:

Onawa Community and Recreation Center

320 10^thStreet

Onawa, IA 51040

BigIron Realty Agents will be at the Onawa Community and Recreation Center in Onawa, IA, on Monday, August 15, 2022, from 10:00 a.m. until the conclusion of the online auction.  Please come during the times scheduled to discuss the property. BigIron Realty Representatives will be there to assist Buyers with bidding online. You do not have to be present to bid online, but you are required to be available by phone.

BIDDING PROCESS: You may place bids on this real estate for 14 days beginning August 1, 2022, and ending August 15, 2022, at 2:00 p.m. This unreserved online auction features bidding extensions. The closing times will be automatically extended when the property receives a bid in the last 5 minutes and close when there is no bid for 5 minutes.  NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

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Land Location:  This farm is conveniently located just northeast of Onawa, IA.  From Onawa, go 3 miles north on Hwy K45, then1 ½ miles east on 195 Street; you will be at the northwest corner of the farm.  The north to the south road on the east side of the property is Holly Avenue.  A minimum maintenance road (200 Street) lies on the western 1/2 of the southern boundary. 

Legal Description:  The SE ¼ of Section 21-84-45W Monona County, IA, containing 154+/- acres.

2021 Taxes:  Farm:  $6,056

Owner:  Renee Sand and Russ Cech

For more information, contact the listing agents:

Ron Stock402-649-3705 and John Buhl 402-649-3750

Terms: The successful Buyer will be required to enter into a written purchase agreement with a   10% Non-Refundable Earnest Deposit payment the day of the auction.  The balance will be due at closing on or before September 9, 2022, with full possession for the 2023season on March 1, 2023. The Seller will provide marketable title to the Buyer, evidenced by providing a current updated abstract to the property. The closing costs will be split 50/50 between the Buyer and Seller. The 2022 real estate taxes will be paid by the seller, and the Buyer will pay 2023 taxes. The sellers will retain the 2022 CRP payment and cash rent.  The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction.  The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the Seller.