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 5% buyer’s premium applies to items purchased on this Live Webcast Auction.  (5% if bought on site OR 5% if bought online)
• Down payment is due upon the day of the auction.

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, 319-385-2000

• Check By Fax

Mt. Pleasant, 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. 

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. 

Other provisions

You acknowledge and accept all terms, conditions and provisions of the auction, whether in print or announced on the day of the auction.

Large Henry & Jefferson County, Iowa Land Auction

TRENTON, IOWA

Land is generally located 4 miles west of Trenton, IA on Merrimac Road/H28 to 1526 Jefferson Henry Ave, Wayland, IA

Auction to be held at the Steffes Group Auction Facility, 2245 East Bluegrass Road, Mt. Pleasant, Iowa.

FRIDAY, SEPTEMBER 3, 2021 AT 10AM

Open House: Friday, August 20^th from 10-11AM

782.39 Surveyed Acres M/L – Sells In 9 Tracts

Survey Now Complete! - Please note some Tracts lines have changed from original aerials

Tract 1 - [ Survey ] [ Survey Overlay ]    Tract 2 - [ Survey ] [ Survey Overlay ]

Tract 3 - [ Survey ] [ Survey Overlay ]   Tract 4 - [ Survey ] [ Survey Overlay ]

Tract 5 - [ Survey ] [ Survey Overlay ]   Tract 6 - [ Survey ] [ Survey Overlay ]

Tract 7 - [ Survey ] [ Survey Overlay ]   Tract 8 - [ Survey ] [ Survey Overlay ]

Tract 9 - [ Survey ] [ Survey Overlay ]

Auctioneer’s Note:  A rare opportunity to purchase 782.39 acres of adjacent Iowa farmland!  Steffes Group is pleased to be given the opportunity to auction the Salzman land at Live Public Auction.  This auction will offer varying tracts of land from prime tillable to recreational land along the banks of the Skunk River, locally known as Merrimac.

A web link to the rich history & pictures of Merrimac Mills, composed by Peter’s grandmother, Anna Taylor Salzman: http://iagenweb.org/jefferson/Towns/Merrimac.html

Online Bidding Available!

“Selling Choice with the Privilege”
Tracts 1 - 8 will be sold price per gross surveyed acre and will be selling Choice with the Privilege. High bidder may take any combination of Tract or Tracts, times their high bid. This will continue until Tracts 1 - 8 are sold. Tracts will not be recombined. After Tracts 1 – 8 are sold, then Tract 9 will be sold. Tract 9 will be sold lump sum price.

Tract 1 – 110.32 Surveyed Acres M/L
FSA information: 101.13 acres tillable.
Corn Suitability Rating 2 is 62.2 on the tillable acres.
Located in Section 31, Jefferson Township, Henry County, Iowa.

View Tract 1 Soil Map

Tract 2 – 67.74 Surveyed Acres M/L
FSA information: 56.4 acres tillable.
Corn Suitability Rating 2 is 84.4 on the tillable acres.
Located in Section 31, Jefferson Township, Henry County, Iowa.

View Tract 2 Soil Map

Tract 3 – 87.97 Surveyed Acres M/L
FSA information: 77.44 acres tillable.
Corn Suitability Rating 2 is 85.1 on the tillable acres.
Located in Section 31, Jefferson Township, Henry County, Iowa.

View Tract 3 Soil Map

Tract 4 – 44.05 Surveyed Acres M/L
Approx.: 33.5 acres tillable.
Corn Suitability Rating 2 is 85 on the tillable acres.
Located in Section 36, Walnut Township, Jefferson County, Iowa.

View Tract 4 Soil Map

Tract 5 – 79.61 Surveyed Acres M/L
FSA information: 37.77 acres tillable.
Corn Suitability Rating 2 is 66.5 on the tillable acres.
This tract has two ponds.
Located in Section 36, Walnut Township, Jefferson County, Iowa.

View Tract 5 Soil Map

Tract 6 – 136.69 Surveyed Acres M/L
Approx: 105 acres tillable.
Corn Suitability Rating 2 is 87.5 on the tillable acres.
Located in Section 30, Jefferson Township, Henry County, Iowa.

View Tract 6 Soil Map

Tract 7 – 134.74 Surveyed Acres M/L
Approx: 60 acres tillable.
Corn Suitability Rating 2 is 60.5 on the tillable acres.
Located in Section 30, Jefferson Township, Henry County, Iowa.

View Tract 7 Soil Map

Tract 8 – 113.38 Surveyed Acres M/L
FSA information: 78.15 acres tillable.
Corn Suitability Rating 2 is 71 on the tillable acres.
Located in Sections 25 & 36, Walnut Township, Jefferson County, Iowa and Section 30, Jefferson Township, Henry County, Iowa.

View Tract 8 Soil Map

Tract 9 – Two Story Home on 7.89 Surveyed Acres M/L
Located at 1526 Jefferson Henry Ave, Wayland, IA

This acreage offers a 2 story home built in 1925 with 2,668 total sq.ft.  The main level has an eat in kitchen, living room with French doors, formal dining room with built in cabinet, parlor with fireplace, built in bookcase/gun cabinet, hardwood floors & French doors.  The main level also has a ¾ bath and an enclosed porch with washer & dryer.

The upstairs has four bedrooms with hardwood floors, a large walk in closet, a full bathroom and a walkup attic with built in storage cabinets.  Other amenities of the home include Rudd high efficient gas forced air furnace, 200 amp breaker box, electric water heater, rural water and fiber optic cable TV & internet.

Special note to the 40’x60’ barn/machine shed, near the site of Merrimac Mills.  This building was erected by Art Salzman(Peter’s father) and is the upper story & gable of the Merrimac Mills building.  View www.steffesgroup.com to for a link to the history & pictures of Merrimac Mills.

Other buildings include a 40’x100’ Quonset, 30’x85’ machine shed, 25’x35’ shed, 24’x32’ corn crib, 3 car garage, 15’x30’ shed and other smaller grain bins & buildings.

Included: Refrigerator, Stove, Dishwasher, Washer, Dryer, Any item present on the day of closing.
Not included: 500 gal. LP tank, Cargo container, Tenant’s farm machinery & equipment, All personal property, (2) Portable buildings & Portable shed by quonset building

View FSA Information

Terms: 10% down payment on September 3, 2021.  Balance due at final settlement with a projected date of October 18, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of October 18, 2021. (Subject to tenant’s rights on the tillable land & buildings until March 1, 2022.  Full possession of the home on October 18, 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. 

The following taxes are approximate and will be used to prorate at closing:
Tract 1 – $2,882.00 Net
Tract 2 – $2,273.00 Net
Tract 3 – $2,901.00 Net
Tract 4 – $1,098.00 Net
Tract 5 – $1,203.00 Net
Tract 6 – $3,944.00 Net
Tract 7 – $1,837.00 Net
Tract 8 – $2,234.00 Net
Tract 9 – $2,232.00 Net

Special Provisions:

• This real estate auction will have a 5% buyer’s premium.  This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Seller has served termination to the tenant(s) and the land is selling free and clear for the 2022 farming season.
• It shall be the obligation of the Buyer(s) to report to the Henry County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C. Final tillable acres.
• All tracts will be surveyed by a licensed surveyor.  Tracts 1 - 8 will be sold by the acre with gross surveyed acres being the multiplier for said tracts.  Tract 9 will be sold lump sum price.  If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing only on Tracts 1 - 8, where the gross surveyed acres were used for the multiplier.  No adjustments will be made on Tract 9, as it is selling lump sum price.
• 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 of Tract 9 shall bear the responsibility and expense to have the septic system pumped(if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Jefferson County & Iowa Laws & regulations.  Prior to closing, the Buyer shall acquire the proper paperwork required by the Jefferson County Sanitarian for the septic system.
• The Buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• 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).
• The Buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer(s).
• All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
• 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.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Peter B. Salzman Estate, Joan Crowe & Ann Farrier

David A. Farrier & Pilot Grove Savings Bank – Co-Executors

Nichole Nagel – Trust Officer

Philip D. McCormick – Attorney for Seller

For information contact Steffes Group at 319.385.2000;
Terry Hoenig at 319.470.7120 or Nate Larson at 319.931.3944