|REAL ESTATE in 2 TRACTS|
The Steffensmeier Farm is located in Section 14 of Marion Township, Lee County, Iowa. Both tracts are just west and north adjacent to the town of St. Paul, Iowa along County Blacktop J-38. (Be watching for pre-sale directional signs.)
TRACT 1 – 78 Acres± (subject to survey)
TRACT 2 – 60 Acres± (subject to survey)
METHOD & TERMS
The Steffensmeier Farm will be sold on a price per acre basis, based upon a survey that will be completed prior to the auction. Both tracts will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can take either or both tracts for their high bid. Both tracts will be sold individually and will NOT be offered in its entirety 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 upon delivery of a merchantable abstract and deed. Closing on both tracts is scheduled to be in approximately 30 days, on or before Friday, October 13, 2017. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the sellers. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing, subject to the completion of harvest of the 2017 crops.
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”
For Plat Map, Photos and more, CLICK HERE
R. Paul & Phyllis Steffensmeier – Sellers
Representing Attorney: Elaine F. Gray, Fehseke & Gray Law Offices, 1023 Ave. G, Fort Madison, IA 52627; Phone: (319) 372-7181
138 Acre Farmland Auction
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