Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Payment

When paying within the stated time and with our acceptable payment methods: 

• A buyer’s premium of $1,000 per Tract applies to items purchased on this Timed Online Auction.

• Down payment is due on the day the auction closes and signing of the contracts will take place through email and electronic document signatures..

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

Mt. Pleasant, Ames 319-385-4709

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

LEE COUNTY, IOWA LAND AUCTION

WEST POINT, IOWA
Land is located 1 mile east of West Point on County Road 103, then 1 mile northeast on 165^th Street.

Auction to be held at the West Point American Legion, 309 5th Street, West Point, IA 52656

THURSDAY, NOVEMBER 12, 2020 AT 10AM 

245.33 Surveyed  Acres M/L – Sells in 4 Tracts

< Click Here > For Survey

Farm Sells Free & Clear for 2021!

Auctioneer’s Note:  If you are looking for tillable, timber or a cattle setup, then this is your farm!

Selling Choice with the Privilege
Tracts 1-4 will be selling Choice with the Privilege. High bidder may take Tract 1, Tract 2, Tract 3 or Tract 4 or any combination of tracts, in any order, times their high bid. This will continue until all tracts are sold. Tracts will not be recombined.

Tract #1 – 82.68 Surveyed Acres M/L 

FSA indicates: 75.83 acres tillable.

Corn Suitability Rating 2 is 63.3 on the tillable acres.

Located in Sections 2 & 3, West Point Township and Sections 34 & 35, Pleasant Ridge Township, Lee County, Iowa.

View Tract 1 Soil Map

Tract 1 - Real Estate Taxes:

Net (Approx.)      $1,957.00

Tract #2 – 70.74 Surveyed Acres M/L

This combination farm offers row crop land, hay ground, cattle setup, pond and timber.  Buildings include a 50’x54’ open faced shed, 52’x54’ open faced shed with lean-to and a concrete silo.

Approx. 42 acres tillable.

Corn Suitability Rating 2 is 38.2 on the tillable acres.

Located in Section 3, West Point Township and Section 34, Pleasant Ridge Township, Lee County, Iowa.

Not included: All livestock equipment, Fuel tank.

View Tract 2 Soil Map

Tract 2 - Real Estate Taxes:

Net (Approx.)      $1,042.00

Tract #3 – 23.04 Surveyed Acres M/L

Approx. 20.5 acres tillable.

Corn Suitability Rating 2 is 62.2 on the tillable acres.

Located in Section 3, West Point Township, Lee County, Iowa.

View Tract 3 Soil Map

Tract 3 - Real Estate Taxes:

Net (Approx.)      $405.00

Tract #4 – 68.87 Surveyed Acres M/L

Looking for a hunting or recreational piece of land?  This could be your piece of the country with acres of timber to explore!  Located in Section 3, West Point Township, Lee County, Iowa.

Tract 4 - Real Estate Taxes:

Net (Approx.)      $936.00

View FSA Map

View Easements on Tract 2 & 3

Terms: 10% down payment on November 12, 2020. Balance due at final settlement with a projected date of December 29, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: December 29, 2020 (Subject to tenant’s rights on tillable acres, hay ground, pasture and buildings, until February 28, 2021).

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions: 

• Tracts 1-4 will be sold by the acre and the multiplier used to determine the total bid amount will be the surveyed acres. Tracts 1-4 will be surveyed by a registered land surveyor prior to the auction.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.
• Selling subject to tenant’s rights on the tillable acres, hay ground, pasture and buildings, until February 28, 2021.  Selling free and clear for the 2021 farming season.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
• There is a recorded driveway easement & maintenance agreement dated August 1, 2011, in favor of Tract 2 for ingress/egress.
• There is a recorded well use & maintenance agreement, dated August 1, 2011, in favor of Tract 2.
• It shall be the obligation of the buyer to report to the Lee County County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. Please note final tillable acres will be determined by the FSA office.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The Buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• The Buyer(s) will be responsible for installing his/her own entrance, if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
• Selling subject to court approval.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Carel R. Rump Trust & Dolores M. Woodhouse

Farmers & Merchants Bank & Trust – Trustee

Kelli S. Johnson – Trust Officer

Sara L. Haas – Attorney for Sellers

For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944