Live Webcast Auction
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Price Realized:
1,050,700.00 USD / Lot
13,300.00 USD / ea
Shipping Not Available
Quantity Sold x79
Price Realized 1,050,700.00 USD / Lot
13,300.00 USD / ea
Date Sold 2024-08-06T00:00:00
Date(s)
8/2/2024 - 8/6/2024
AUCTIONEER INFORMATION
Bidding Notice:

This is a live auction with online bidding being offered. Please read all terms & conditions prior to bidding. By registering and placing bids, you are accepting those terms & conditions.

Auction Notice:

Maps, Disclosures & Addtional Information can be found at www.sweeneyauctionservice.com


Information
Lot # 3
Quantity x79
Group - Category Real Estate - Ag / Farm Land
Lead Parcel 3: 79 Acres on Quinlan & 220th
Description
Parcel 3: 79 Acres w/App. 70.5 Acres Tillable, 77.9 CSR2. Tillable land includes 14.4 Acres enrolled in CRP until 9/30/2025 for annual contract of $4,615. New buyer will assume the contract & receive the 2025 payment. This piece has road frontage on Quinlan Ave & 220th Street, and has water flowing through the northwest portion.
Name Sostak Farms, LLC Real Estate Auction
Auctioneer
Type Live Webcast Auction
Date(s) 8/2/2024 - 8/6/2024
Auction Date/Time Info
Tuesday August 6th at 10:30 AM
Preview Date/Time Farmland can be walked at your convenience. Please call 563-568-2464 if interested in viewing the acreage.
Checkout Date/Time Paperwork to completed following the auction, within 24 hours.
Location
Buyer Premium No Buyers Premium on this Auction
Description
199 ACRES M/L CHICKASAW COUNTY REAL ESTATE AUCTION Tuesday, August 6, 2024 Beginning at 10:30 A.M. Sostak Farms, LLC 2279 Quinlan Ave. Fredericksburg, IA Sale Location: Fredericksburg Community Center, 151 W. Main St., Fredericksburg, IA Located 5 Miles North of Fredericksburg on V48 & 1 Mile West on 220th St. & 1 Mile South on Quinlan Ave. OR 2 Miles West of Lawler, IA on Hwy. 24, 2 Miles South on V48 & 1 Mile West on 220th St. & 1 Mile South on Quinlan Ave. 199 Acres M/L with App. 182 Acres Tillable Located in Section 24 of New Hampton Twp & Section 19 of Stapleton Twp, Chickasaw County, IA. Offered in 4 Parcels. AUCTIONEER’S NOTE: These parcels offer some great opportunities if you been looking to purchase ground in the area, wanting to add on to your operation, or looking for investment property! The acreage has so much to offer with a well-built home, nice variety of buildings, grain bin set up and land to utilize how you see fit. Make plans to take a look! Parcel 1: App. 7.5 Acres, to be determined by survey, with 1.62 Acres Tillable. Charming Country Acreage with Spacious 4 Bedroom Ranch Home w/Full Basement & Attached Garage. This acreage offers excellent storage opportunities with an additional heated shop, machine sheds, barn, older buildings, grain bins & grain leg set-up. Located only a short drive from Fredericksburg or Lawler, acreages that have this much to offer do not come on the market very often, so make plans to take a look! Parcel 2: 36.50 Acres w/33.82 Acres Tillable, 74.5 CSR2. An easily accessed field off Quinlan Ave that has had some tile work done. This parcel has a small wooded area & flowing water in the southeast corner. A great opportunity if you’ve been looking for a tract of this size with good road frontage! Parcel 3: 79 Acres w/App. 70.5 Acres Tillable, 77.9 CSR2. Tillable land includes14.4 Acres enrolled in CRP until 9/30/2025 for annual contract of $4,615. New buyer will assume the contract & receive the 2025 payment. This piece has road frontage on Quinlan Ave & 220th Street, and has water flowing through the northwest portion. Parcel 4: 76 Acres, Nearly All Tillable, 85.1 CSR2, 53.7 Acre Corn Base & 19.6 Acre Soybean Base & terraces in place. This parcel is located 2.25 miles south of Hwy 24 on V48 Roanoke Rd with good road access. A great opportunity to purchase a field with high CSR2 soils and located on a hard surface road! Method of Auction: This will be a live auction with online bidding available. Successful buyer will put 10% down on Tuesday, August 6, 2024 with balance due at closing around September 13, 2024, or as soon as paperwork can be completed. This sale is not contingent upon Financing and Property Sells AS IS & Subject to Approval. Taxes will be prorated to the date of closing. Sells Subject to Existing Farmland Lease that expires February 28, 2025. The house and buildings are currently rented and new buyer will take possession October 1, 2024. The acreage is served by an older septic system that will need replacement, which will be the responsibility of the new buyer. Parcels 1, 2 & 3 will have app. 84% base on tillable acres, pending reconstitution by the Chickasaw County FSA Office. Announcements Made Day of Auction Take Precedence Over Printed Materials. Real Estate Brokerage & Closing Agent: Attorney Brian R. McPhail of McPhail Law Firm, Osage, IA and Sweeney Auction Realty Services, Waukon, IA.
Auction Terms & Conditions: This is a live auction with online bidding on this property. Buyers are encouraged to come bid live at the auction, but do have the option to bid online if unable to attend. 10% Non Refundable earnest money in the form of certified check, cash or wire transfer to the closing atttorney's office, Attorney Brian R. McPhail of McPhail Law Firm, Osage, IA, payable at the close of the auction. If the successful buyer is an online bidder, paperwork must be completed within 24 hours and funds must be provided by 12 Noon Wednesday August 8th.. Remaining balance due in full at closing around September 13, 2024. This property does sell "Subject to Approval" meaning the auction company will obtain Seller's Confirmation if they are willing to accept the high bid established at the close of the auction. If the seller does accept the bid, the successful bidder will be required to enter into a purchase agreement prepared by the closing attorney immediately following the close of the auction. This auction is not contingent upon financing, meaning the successful bidder will have 10% ready to be delivered to the closing attorney's trust account via certified check, cash, or wire transfer with 24 hours of the auction closing (if not present at the auction) and will have the balance ready to go at closing. This sale is not subject to appraisal or inspection, property is being sold AS IS. This is a live auction with online bidding as an option. Buyers are strongly encouraged to attend the auction and bid live in person as we can not guarantee the functioning of the online bidding at all times, and we will not be held responsible for any missed bids to technical issues. Seller will convey the property by Deed at closing and Real Estate Taxes will be pro-rated. Sells Subject to Existing Farmland Lease that expires February 28, 2025. The house and buildings are currently rented and new buyer will take possession October 1, 2024. The acreage is served by an older septic system that will need replacement, which will be the responsibility of the new buyer. Parcels 1, 2 & 3 will have app. 84% base on tillable acres, pending reconstitution by the Chickasaw County FSA Office. Announcements Made Day of Auction Take Precedence Over Printed Materials. Sweeney Auction Service is an agent of the seller. Seller is represented Attorney Brian R. McPhail of McPhail Law Firm, Osage, IA. Auction Company reserves the right to decline or deny any bidders if they are unable to be verified or are unable to meet the terms & conditions. Auction Company will notify registered bidders of any updated changes or corrections to the property as the auction progresses. The property is being sold AS IS and no warranty or representation either expressed or implied concerning the property is being made by the Seller or Auction Company. Each potential bidder is responsible for conducting their own inspections, inquiries, investigations, and due diligence regarding the property. The information contained on this website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The auction company reserves the right to cancel, postpone or pause the auction if complications or circumstances out of our control occur, such as software or server malfunction. The auction company, seller or the software provider shall not be held responsible for a missed bid or the failure of the software to function properly. By bidding on this property, you are agreeing to all these terms and signify you have read and understood them.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 49,500.00 500.00 USD
49,500.01 - 95,000.00 5,000.00 USD
95,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium No Buyers Premium on this Auction
Payment Terms
Cash, Certfiied Check or Wire Transfer for 10% Non Refundable Earnest Money. Not contingent upon financing.
This auction is for real estate only.