Sold! $2,600.00 Per Acre
Saturday, October 28, 2017 at 10:00 A.M.
Sale to be held at The Youth Learning Center at the Lee County Fairgrounds, Donnellson, Iowa
143.20 Surveyed Acres • 1 Tract
The Johnson/Blacksmith Farm is located in Section 21, Des Moines Township, Lee County, IA, 2 miles south of the small town of Argyle, IA or 9 miles south of Donnellson, IA on US Hwy 218/27. (Be watching for presale directional signs)
143 Aces± (subject to survey)
- FSA information should indicate 23.29 acres tillable, including 5.92 acres in CRP with a payment of $215.16 per acre expiring 2027. The balance of the tillable acres is in hay production and open meadows that offer several areas suitable for food plots.
- The remainder of this tract offers some of the most attractive hardwood timber to be found in the Tri-State area. This timber gives excellent cover for all species of wildlife and there are many signs of whitetail deer & wild turkey activity. This property also features a large stocked pond, & several other smaller ponds that add to this attractive Southeast Iowa farm. The parcel also includes several outstanding home building sites and has nearly ¾ of a mile of hard surface road frontage.
- Access is on the west by U.S Hwy. 218/27
METHOD & TERMS
The Johnson/Blacksmith Farm will be sold on a price per acre basis, based on a survey that has recently been completed. Said surveyed acres will be used to calculate the final settlement price.
Fifteen (15%) percent of the bid price to be due on the day of sale with the balance due upon delivery of a merchantable abstract and deed. Closing is scheduled to be in approximately 30 days, on or before Thursday, November 30, 2017. Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Upon receipt of the 15% down payment and proof of liability insurance, buyer(s) will be given possession for hunting purposes prior to closing. Full possession will be given at the time of closing. There are no hunting leases associated with this property.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Patricia Blacksmith & Lynne Johnson – Sellers
James F. Dennis
Law Offices of James F. Dennis
609 Blondeau Street
Keokuk, IA 52632
Phone: (319) 524-5161
For additional information, contact Sullivan Auctioneers’ representatives: Jim Huff (319) 931-9292 or Jeff Hoyer (319) 759-4320