Thursday, November 19, 2020 at 10:00 A.M.
192.25 Surveyed Acres • 2 Tracts
SOLD! TRACT 1 – $10,900 PER ACRE
SOLD! TRACT 2 – $10,700 PER ACRE
TOTAL – $2,080,471.00
Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.
The 4R’s Farm LLC property is located in Section 13, Green Bay Township, Lee County, IA (7 miles south of Burlington, IA). At the north edge of the small town of Wever, IA take Co. Rd. X50 (Green Bay Rd.) southeast to 183rd St. Turn left or east and go 1 mile to 390th Ave. Turn left or north and proceed a short distance to 180th St. turn right or east and go ¾ of a mile to Tract 1. To view Tract 2 turn right or south on 390th Ave and proceed ¾ of a mile to the parcel or access can be obtained through Tract 1.
(Be watching for presale directional signs).
Tract 1 – 116.98 Surveyed Acres
- FSA information indicates 113.08 acres tillable with the balance in a waterway and a bin site area.
- Highly productive Koszta & Chequest soils.
- CSR2 is 81.5
- This parcel is improved with 2 older but usable grain bins.
- Access is on the north by 180th St.
Tract 2 – 75.27 Surveyed Acres
- FSA information indicates 73.96 acres tillable.
- Productive soils include Koszta & Chequest.
- CSR2 is 75.6
- Access is on the west by 390th Ave. via a driveway that will require installation. Said installation expense will be the responsibility of the buyer and subject to Lee County Secondary Road Dept. and the Green Bay Levee & Drainage District specifications.
METHOD & TERMS
The 4 R’s Farm will be sold in two (2) individual tracts based on a survey that has recently been completed. Both tracts will be sold through the marketing method of “buyer’s choice”, whereas the high bidder can take either or both tracts for their high bid. “Buyer’s choice” auctioning will continue until both tracts have been sold. The farm will NOT be offered in its entirety or in any combinations. Bidding is not contingent upon financing.
Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, December 21, 2020 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on both tracts will be given at the time of closing subject to a farm lease for the 2020 crop year. Both tracts sell with full farming rights for the 2021 crop year.
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”.
4 R’s Farms, LLC
Russell T. Yeager, Susan Yeager, Randy J. Yeager, Roene C. Yeager – Sellers
Rick L. Lynch
207 S Washington St,
Bloomfield, IA 52537
Phone (641) 664-3188
Jim Huff (319) 931-9292
Jeff Hoyer (319) 759-4320