The Sterling Farm Auction

Real Estate

Location: 109 N. Main Street, Hedrick, IA

The Sterling Farm is located in Sections 27 & 28, Competine Township, Wapello County, Iowa. In Martinsburg, Iowa take Co. Rd. V41 south 5½ miles to 150th St. Turn left or east and proceed 1 mile to the farms. (Be watching for presale directional signs)

10 a.m. Tuesday, November 26th, 2019
For this auction's sale bill, catalog or poster, CLICK HERE
Click on thumbnails to see larger photos and descriptions
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This listin posted on 11-1-19, for more photos and updates CLICK HERE.

TRACT 1 • 79 Acres± (subject to survey)

  • FSA information should indicate 75.85 acres tillable including 8.04 acres in CRP (buffer strips). There are 2.07 acres of CRP with a payment of $108 per acre expiring in 2020, 2.60 acres in CRP with a payment of $255 per acre expiring in 2027 and 3.07 acres in CRP with a payment of $221 per acre expiring in 2033.
  • Highly productive Otley, Mahaska & Colo-Ely soils.
  • CSR2 is 86!
  • This tract is improved with terraces and tile inlets.
  • Access is on the south by 145th St. and on the north by 150th St. (Level B road)

Tract 2 • 82 Acres± (subject to survey)

  • FSA information should indicate 81.26 acres tillable including 6.76 acres in CRP (buffer strips) with a payment of $296.98 per acre expiring in 2027.
  • Colo-Ely, Otley-Nira & Mystic soils
  • CSR2 is 67.6
  • This parcel is also improved with terraces and tile inlets.
  • Access is on the south by 145th St. and on the north by 150th St. (Level B road)

METHOD & TERMS:

  • The Sterling land will be sold in two (2) individual tracts, based on a survey that is currently in progress, with the said surveyed acres being used to constitute the final settlement price. Tracts 1 & 2 will be sold on a price per acre basis and offered through the “buyer’s choice” method of marketing whereas the high bidder can take either or both tracts for their high bid. Buyer’s choice auctioning will continue until both tracts have 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 in approximately 30 days, on or before Friday, December 27, 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. Sells with full farming rights for the 2020 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”.

The Sterling Farm
James D. & Joan E. Sterling – Seller


Representing Attorney: Paul Zingg, Denefe, Gardner & Zingg, P.C., 104 S Court St, Ottumwa, IA 52501, Phone: (641) 683-1626

The Sterling Farm Auction

For more information, call:
Auction Manager: 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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