Dieterich Land Auction

Real Estate

Location: 1006 Chestnut Street, Osage, IA

The Dieterich farm is located in Section 27, Rudd Township, Floyd County, IA. At the south edge of Osage, IA go south 7 miles on Co. Rd. T38 (Lancer Ave.) to 120th St. Turn right or west on 120th St. and proceed 1 mile to the farm. (Be watching for presale directional signs)

10 a.m. Wednesday, September 18th, 2019
Floyd County, Iowa Land Auction
For this auction's sale bill, catalog or poster, CLICK HERE
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This listing posted on 08-19-19, for more photos and updates CLICK HERE.

TRACT INFORMATION

Tract 1 – 109 Acres± (subject to survey)

  • FSA information indicates 107.67 acres tillable
  • Highly productive soils include Ostrander & Terril
  • CSR2 is 83!
  • This tract is improved with an extensive amount of field drainage tile.
  • Access is on the south by 120th St. and on the east by Kirkwood Ave.


Tract 2 – 23 Acres± (subject to survey)

  • FSA information indicates 5.20 acres that are currently enrolled in CRP (CP22 Repairion Buffer) with a payment rate of $79.20 per acre expiring in 2032.
  • The balance of this tract offers wooded timber areas suitable for recreational activities and an attractive rock bed creek meanders through the property.
  • An open meadow in the southern portion of the tract features an appealing new home building site.
  • Access is on the south by 120th St.


Tract 3 – 12 Acres± (subject to survey)

  • FSA information indicates 11.6 acres tillable
  • Highly productive Ostrander, Dinsdale & Racine soils
  • CSR2 is 89.6!
  • Access is on the east by Kirkwood Ave.


Tract 4 – 16 Acres± (subject to survey)

  • FSA information indicates 5.70 acres that are currently enrolled in CRP (CP22 Riparian Buffer) with a payment rate of $79.20 per acre expiring in 2032.
  • The remainder of this parcel offers an older building site with several usable storage buildings and grain bins that have not been utilized in a while.
  • There is a wooded timber area in the southern portion of the tract that offers ample room for outdoor activities. The mature pine tree wind break located in the northern area of the parcel would make an attractive new home building site.
  • Access is on the east by Kirkwood Ave.
     

METHOD & TERMS

The Dieterich Farm will be sold in four (4) individual tracts based on a survey that is currently in progress, with the said surveyed acres used to constitute the final settlement price. All four (4) tracts will be offered through the marketing method of “buyers choice” whereas the high bidder can take any or all tracts for their high bid. Buyers choice auctioning will continue until all four (4) tracts are 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, on or before Monday, December 2, 2019 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 will be given at the time of closing subject to a lease with tenants.

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”.

Gary Dieterich 

Seller
 

Representing Attorney: McPhail Law Firm, 631 Main St., Osage, IA 50461, (641) 732-3703

Dieterich Land Auction

For more information, call:
Auction Managers: Jim Huff (319) 931-9292 • MN Broker # 40632445 & John Probasco (641) 856-7355


Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].

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Sullivan Auctioneers, LLC

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