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Lee County, IA, Land Auction

Location: 309 5th Street, West Point, IA

The Fedler Farms are located in Sections 12, 21, 27, & 28, West Point Township, Lee County, IA. To access Tracts 1–5, at the east edge of West Point, IA on Co. Rd. 103, go southeast 2¼ miles to Otte Rd., turn left or north and proceed to 170th St., turn right or east and go 1¼ miles to the farm. To access Tracts 6–16, in West Point, IA, take Co. Rd. X23 (West Point Rd.) south 3½ miles to the farm. All 11 tracts are located on or just off Co. Rd. X23. (Watch for presale directional signs.)

5 PM Monday August 27th, 2018
REAL ESTATE
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870 Acres± (subject to survey) • 16 Tracts

Please note: There is livestock on Tracts 6 – 16. At this time the gates have been locked. You are still welcome to walk all tracts. Be watchful and respectful of the livestock that are on these tracts.
If you need further information please contact the auction company.

 

General Information
On behalf of the Fedler family and Sullivan Auctioneers, we thank you for your interest in these beautiful farms. Sullivan Auctioneers is honored to be able to conduct this unprecedented Lee County, Iowa land auction for the entire Fedler family.

Tracts 1 – 5 offer productive tillable farmland, improved pastureland and a very nice country acreage.

Tracts 6 – 16 have it all! They offer productive tillable farmland, improved pastureland, cattle working/feeding facilities and excellent recreational acreage. Several of these tracts have County Road X23/West Point Road frontage and feature awesome potential for new home building sites.
This is an auction that you will not want to miss!
 
 
Tract 1 • 59.5 Acres± (Subject to Survey)
  • FSA information indicates 59.2 acres tillable.
  • Productive soils include Haig, Pershing & Grundy.
  • CSR2 is 58.2.
  • Access is on the northeast by 170th St.
  • Estimated Real Estate Taxes: $1,120.00

Tract 2 • 19 Acres± (Subject to Survey)
  • This small tract is 100% tillable.
  • Highly productive Haig & Grundy soils.
  • CSR2 is 80.3!
  • Access is on the south by 170th St.
  • Estimated Real Estate Taxes: $530.00

Tract 3 • 52 Acres± (Subject to Survey)
  • FSA information indicates 51.86 acres tillable.
  • Productive Pershing, Weller & Grundy soils.
  • CSR2 is 59.2.
  • Access is on the north by 170th St. & on the west by 275th Ave.
  • Estimated Real Estate Taxes: $1,091.00

Tract 4 • 80 Acres± (Subject to Survey)​
  • FSA information indicates 62.52 acres tillable including approximately 7.48 acres in Alfalfa hay production. The majority of this parcel is improved pastureland with good fences with the balance of this tract being lightly wooded draws and a very nice 1½ acre stocked pond.
  • Soils include Weller, Nodaway-Cantril & Lindley.
  • CSR2 is 34.1.
  • Access is on the northwest by 275th Ave.
  • Estimated Real Estate Taxes: $630.00

Tract 5 • 5 Acres± & Home (Subject to Survey)
  • Physical Address: 2753 170th St., Fort Madison, IA 52627
  • This parcel is improved with a 1½ story brick country home. The home features 4-bedrooms & 2-bathrooms. Other amenities include a large 2-car attached garage, central air & rural water.
  • This nice country acreage offers several usable outbuildings including a 32’ x 48’ pole building, a 48’ x 48’ pole building, a 20’ x 30’ shop building, & a 48’ x 90’ hay storage building. There is also an ample amount of livestock holding & sorting pens as well as 100’s of feet of fence line feed bunks on concrete. We urge you to take a look at this attractive Lee County, IA acreage!
  • Access is on the south by 170th St.
  • Estimated Real Estate Taxes: $1,751.00

Tract 6 • 34 Acres± (Subject to Survey)
  • This tract is 100% tillable.
  • Productive Weller, Belinda & Beckwith soils.
  • CSR2 is 51.4.
  • Access is on the northeast by Co. Rd. X23.
  • Estimated Real Estate Taxes: $668.00

Tract 7 • 50 Acres± (Subject to Survey)
  • FSA information indicates 41.24 acres tillable with the balance in wooded draws and a small wooded area in the southern portion of the tract.
  • Soils include Weller, Beckwith & Belinda.
  • CSR2 is 45.5.
  • Access is on the northeast by Co. Rd. X23.
  • Estimated Real Estate Taxes: $886.00

Tract 8 • 9 Acres± (Subject to Survey)
  • This small parcel is 100% tillable.
  • Productive Weller soils.
  • CSR2 is 55.
  • Access is on the east by Co. Rd. X23.
  • Estimated Real Estate Taxes: $136.00

Tract 9 • 10 Acres± (Subject to Survey)
  • This attractive tract is 100% tillable.
  • Soils include Weller & Beckwith.
  • CSR2 is 51.7.
  • Access is on the east by Co. Rd. X23.
  • Estimated Real Estate Taxes: $142.00

Tract 10 • 23 Acres± (Subject to Survey)
  • FSA information should indicate 20 acres tillable with the balance being a small wooded area in the western portion of the tract.
  • Weller & Keswick soils.
  • CSR2 is 44.
  • Access is on the east by Co. Rd. X23.
  • Estimated Real Estate Taxes: $350.00

Tract 11 • 26 Acres± (Subject to Survey)
  • FSA information should indicate 22 acres tillable.
  • Soils include Weller & Beckwith.
  • CSR2 is 47.6.
  • This nice parcel includes an attractive nearly 2 acre pond that is stocked with native species of fish to the area.
  • Access is on the east by Co. Rd. X23.
  • Estimated Real Estate Taxes: $441.00
 
Tract 12 • 72 Acres± (Subject to Survey)
  • FSA information indicates 45.42 acres tillable with the balance being in wooded draws.
  • Weller & Beckwith soils.
  • CSR2 is 42.4 (56.5 on tillable acres).
  • This tract is improved with 2 stave silos, feed bunks, livestock holding/sorting pens and a 52’ x 80’ open livestock building. Also included is a 30’ x 37’, a 40’ x 48’ storage building and an 8,000 bu. grain bin.
  • Access is on the east by Co. Rd. X23.
  • Estimated Real Estate Taxes: $1,102.00
 
Tract 13 • 179 Acres± (Subject to Survey)
  • FSA information indicates 46.03 acres tillable including 18.41 currently in row crop production. The balance of this tract is improved pastureland with good exterior & interior fencing and attractive recreational acreage.
  • Soils include Weller, Nodaway-Cantril & Lindley.
  • CSR2 is 30.9 (51.9 on tillable acres).
  • This parcel is improved with a 24’ x 80’ stave silo, a 40’ x 60’ storage building with livestock handling facilities and several areas of concrete.
  • Access is on the northeast by Co. Rd. X23.
  • Estimated Real Estate Taxes: $1,389.00

Tract 14 • 176 Acres± (Subject to Survey)
  • This tract features improved pastureland with areas of good exterior fencing and some of the most attractive recreational acreage to be found in this area of Southeast Iowa.
  • There are high signs of all species of wildlife including white tail deer & wild turkey.
  • Nodaway-Cantril & Weller soils.
  • CSR2 is 34.1.
  • Access is on the north by 235th Ave.
  • Estimated Real Estate Taxes: $1,389.00

Tract 15 • 27 Acres± (Subject to Survey)
  • FSA information should indicate 3.5 acres tillable.
  • Soils include Weller & Lindley.
  • CSR2 is 61.1 on the tillable acres.
  • The balance of this tract includes beautiful recreational acreage and several attractive home building sites. There is a 30’ x 40’ open front storage building on this parcel as well.
  • Access is on the northwest by 235th Ave.
  • Estimated Real Estate Taxes: $214.00

Tract 16 • 47 Acres± (Subject to Survey)
  • FSA information should indicate 18.81 acres tillable.
  • Weller & Beckwith soils.
  • CSR2 is 55.9 on the tillable acres.
  • The balance of this parcel offers heavily wooded draws with high signs of wildlife activity that will suit the most particular recreationalist. There are also several excellent new home building sites with great views of the countryside.
  • Access is on the northwest by 235th St.
  • Estimated Real Estate Taxes: $643.00

Special Provisions

This real estate is selling subject to public road easements and all other easements of record.
All fences and fence lines shall be governed by the Lee County and State of Iowa fence line rules and regulations.

It will be the responsibility of the new buyer(s) to show proof of purchase to the Lee County FSA Office so that he/she will receive any future government payments.

If any access driveways are needed, said driveway installation & costs will be at the buyer(s) expense.
Subject to the Iowa Septic System “Time of Transfer” Law, Tract 5 is exempt from any septic system testing or upgrades. Any septic system testing or upgrades will be at the buyer(s) expense.

All tracts sell subject to a farm lease for the 2018 crop year, with the said lease ending March 1, 2019.
The tenant (Martin Durr) will be served lease termination prior to September 1, 2018.
All personal property including farm equipment, corral gates, posts, wire, etc, on all tracts are being reserved for the tenant.

If in the future a site clean up is required, it will be at the expense of the buyer(s).
 
Method & Terms
All 16 tracts are currently being surveyed. Tracts 1 – 4 and 6 – 16 will be sold on a price per acres basis, based on the survey. Tract 5 will be sold for a LUMP SUM total dollar amount.

Tracts 1 – 4 will be sold first and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can take any or all tracts for their high bid. “Buyer’s Choice” will continue until all four tracts have been sold. Tract 5 will be sold next for a LUMP SUM total dollar amount. Tracts 6 – 16 will then be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can take any or all tracts for their high bid. “Buyer’s Choice” will continue until all eleven tracts have been sold. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction.

Ten (10%) percent of the bid price to be due on the day of sale, with the balance due on or before Friday, September 28, 2018, upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder shall enter into a written agreement with the sellers. Bidding is NOT contingent upon financing. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing on Tracts 1 – 4 and 6 – 16, subject only to a farm lease for the 2018 crop year. Full possession of the home on Tract 5 will be granted at the time of closing; the outbuildings will be subject to the current tenants 2018 farm lease. All tracts sell free & clear for the 2019 crop year. There are no hunting leases associated with any of the tracts.

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”.
 
FARM KNOWN LOCALLY AS:
THE RICHARD “DICK” & LUCILLE FEDLER FARM
Sandy Bethurem • Trustee & Executor
Dixie Booten • Trustee
Gale Thompson
 
Representing & Closing Attorney: Dick Fehseke, Fehseke & Gray Law Offices, 1023 Avenue G.,
Fort Madison, Iowa 52627. Phone: 319-372-7181.
On behalf of the Fedler family and Sullivan Auctioneers, we thank you for your interest in these beautiful farms. Sullivan Auctioneers is honored to be able to conduct this unprecedented Lee County, Iowa land auction for the entire Fedler family.

Lee County, IA, Land Auction

For more information, call:
Sale Managers Jim Huff (319) 931-9292, Jeff Hoyer (319) 759-4320 or Dan Sullivan



or email Our Office at [email protected]
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