Live Webcast Auction
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Lot Was Passed
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Date(s)
7/13/2024 - 7/18/2024
AUCTIONEER INFORMATION
Bidding Notice:

This is a live/ online webcast auction. Bids will be taken in real time. Pre bids will be brought to live auction. Online bidding is at the sole risk of the individual bidder. Burke Real Estate is not responsible for technical difficulties. By choosing to bid online you may risk delayed timing, missed bids, and technical failure. If you experience technical failure during auction please call ... Show More


Information
Lot # 1
Quantity x100
Group - Category Real Estate - Ag / Farm Land
Lead Parcel #1
Description
100 Acres more or less 93.8 Acres m/l tillable Average CSR2: 65.6 Real Estate Taxes: $2,169 Bid dollar per surveyed acre.
Name 148 Acres m/l Howard County
Auctioneer
Type Live Webcast Auction
Date(s) 7/13/2024 - 7/18/2024
Auction Date/Time Info
10am Central Time 7/18/2024
Preview Date/Time By appointment
Checkout Date/Time Following Bidding
Location
Buyer Premium No BP
Description
Burke Real Estate is Proud to Present: 148 Acres m/l Howard, Riceville, Iowa 50466 Sale Site: Featherlite Center, Fairgrounds, Cresco, Iowa Property will be offered in three parcels, any combination of parcels or as a whole. Property will sell in the way that creates the highest net price. PARCEL # 1 100 Acres more or less 93.8 Acres m/l tillable Average CSR2: 65.6 Real Estate Taxes: $2,169 Bid dollar per surveyed acre. PARCEL #2 69.12 Acres more or less 68 Acres m/l tillable Average CSR2: 55.8 Real Estate Taxes: $1,534 Bid dollar per surveyed acre. PARCEL #3 28 Acres more or less 7 Acres m/l tillable 11.2 Acres CRP bid in @303.75/ acre until 9-30-2029 CRP payment will be prorated to date of closing Average CSR2: 61 Real Estate Taxes: $607 Bid dollar per surveyed acre. SALE SITE: Featherlite Center, Howard County Fairground, Cresco, Iowa LOCATION OF FARM: This property is located one mile west of Saratoga, Iowa on the south side of Hwy 9 between Grove and Garden Avenues WATCH FOR SIGNS. SURVEY: Acres and tillable acres have been estimated using Surety Maps. Property will be surveyed to determine exact acres. Survey will be at Seller’s expense. Sale price will be adjusted according to survey. Existing fences may or may not be in correct location. If farm is split, FSA acres will be adjusted according to survey on each parcel. REAL ESTATE TAXES: $3,006 Taxes will be prorated to date of closing. Soil information and average CSR information is based on Surety Maps. LEASE: Buyer will receive $11,000 rent credit at closing. Farm will be free and clear from any lease for 2025. This is a live auction with online and phone bidding available. For more information contact: Steven Burke at 507-251-0644
BIDDER REGISTRATION:  Prospective buyers must provide name, address, and phone number to clerks prior to sale.  Bidders must also furnish a letter of credit from their bank.   YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.  TERMS:  10% Down Day of Sale, with the balance due in cash upon completion of legal documents including surveys. Successful bidders will sign a Purchase Agreement following the close of bidding. All information contained in this brochure and all related materials are subject to the Terms  and Conditions outlined in the Purchase Agreement.  CLOSING:  Upon completion of Seller’s closing documents.  Approximately 60 days. NOTE:  Owners reserve the right to accept or reject any and all bids. NOTICE:  All information contained in this brochure has been gained from sources deemed reliable; however, bidders are invited to inspect the property and make their own investigations with respect thereto.  All sales will be presumed to be made upon the individual judgment of the purchaser.  Each potential bidder is responsible for conducting his or her independent inspections, investigations, and inquires and due diligence concerning the property.  The information contained in this brochure or other related material is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omissions is assumed by the Seller or Burke Real Estate.  Drawings and maps are not to scale and are included as a visual aid only.  All acreages are approximate and have been estimated based on legal descriptions or aerial photographs.  This information may not be totally accurate and possibly subject to change.  Announcements made day of sale take precedence over any advertised or preprinted materials. All of the property is being offered 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 Burke Real Estate.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 500,000.00 100.00 USD
500,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium No BP
Payment Terms
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing,       if needed, and are capable of paying cash at closing.  TERMS:  10% Down Day of Sale, with the balance cash due upon completion of legal documents                   including surveys.  Successful bidders will sign a Purchase Agreement following the close of             bidding. All information contained in this brochure and all related materials are subject to the             Terms  and Conditions outlined in the Purchase Agreement.
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