Metzger Land Corp LTD Public Land Auction

Rice Auction Company

 

Date(s) 2/18/2021 - 2/25/2021

Online pre-bidding is 2/18/21 - 2/24/21; LIVE auction with webcast real-time online bidding starts at 10:30 a.m. CST on Thursday, February 25th.

Past Auction
Bidding Notice:

This is a LIVE auction with ONLINE pre-bidding and live online webcast bidding.

Auction Notice:

This farm will sell in 1 tract, your bid x 274 acres will determine the final price.

Auction Information
Name Metzger Land Corp LTD Public Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 2/18/2021 - 2/25/2021
Auction Date/Time Info
Online pre-bidding is 2/18/21 - 2/24/21; LIVE auction with webcast real-time online bidding starts at 10:30 a.m. CST on Thursday, February 25th.
Preview Date/Time Farm is avaialble for view at any time by contacting Jake Rice at 641-202-3315.
Checkout Date/Time Contract must be entered into by winning bidder on February 25th.
Location
Buyer Premium Online buyers premium ONLY
Description
**Any announcements during the live auction will take prescedence over any previously printed or discussed information** LIVE Auction with online pre-bidding and LIVE webcast bidding. 0.50% buyer premium assessed to any winning ONLINE bidders. Public Land Auction - 274 Acres selling in 1 Tract Lee Township - Adair County, Iowa February 25, 2021 - 10:30 a.m. Orient Fire Station - Orient, Iowa Row Crop -- Income Property -- Recreation Potential Excellent investment opportunity selling 274 +/- Acres in 1 Tract at Public Land Auction on Thursday, Feb 25th at 10:30 a.m. at the Orient, IA Fire Station. 140 +/- row crop, CRP annual payment of $14,171 through 2030, and 2021 wind turbine payment of $33,358.35 with a 2% annual increase with final payment in 2043. Recreation opportunities with 4 acre pond and picnic shelter for fun family weekends. For an emailed or mailed packet or wind turbine lease contract, please contact Jake at 641-202-3315. Directions to the farm: From Orient, IA head north on Pinewood Avenue and the farm will be along the west side of the road. Signs will be posted. Jake Rice - Agent/Auctioneer - Rice Auction Company - 641-202-3315 Adrian Wolfe - Agent - Rice Auction Company - 641-414-2256 Jim Hughes - Broker - Jim Hughes Real Estate - 712-520-7300
**Any announcements during the live auction will take precedence over any previously printed or discussed information** METHOD OF AUCTION: Farm will be sold on a dollar per acre basis to be multiplied by the net taxable acres. TERMS: 10% down day of auction with balance due at closing on or before March 25, 2021. Abstract will be provided. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing. Subject to tenants rights. Farm is not rented for the 2021 crop year. AGENCY: Auctioneer Jake Rice & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients. DISCLAIMER: Announcements made by the auctioneer at the time of sale will take precedence over any previously printed material or any other statements made. All information contained in the brochure and all related materials are subject to terms & conditions outlined in the agreement to purchase. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent investigations, inspections, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy or omissions is assumed by the seller or the auction company. All sketches & dimensions in this brochure are approximate & have been estimated based on aerial photographs. Conduct of the auctions increments of bidding are at the direction & discretion of the auctioneer.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium Online buyers premium ONLY
Payment Terms
10% down due at day of auction with balance due at closing on or before March 25, 2021.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.