Large Ida & Cherokee County, IA Land Auction - 400± Acres, 5 Tracts
Listing ID#: 516041

Sale Location

Holstein,
Sale Dates and TimesSALE IS COMPLETED
Monday Aug 22, 2022 Completed
Monday Aug 29, 2022 Completed
Sale Type
   Live with Online Auction  VIEW ONLINE CATALOG
Company Information
Steffes Group

Contact: Chris Richard
Phone: 319-385-2000
Email: chris.richard@steffesgroup.com
Website: www.steffesgroup.com

EstateSale.com ID#: 8777
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Listing Terms and Conditions

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 on the day the bidding closes.




 


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




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. 


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. 


 
Listing Information

LARGE IDA & CHEROKEE COUNTY IOWA LAND AUCTION

Holstein & Ida Grove, Iowa
Auction to be held at Cobblestone Inn & Suites, 2011 Indorf Ave, Holstein, IA 51025

LIVE – MONDAY, AUGUST 29, 2022 AT 1PM

Open House on Tract 4 on Monday, August 15th from 1- 2PM

400 Acres M/L – Sells In 5 Tracts

93.5 CSR2! - Selling Free and Clear for 2023 Farming Season

Online Bidding Available!

Auctioneer’s Note:  Very few opportunities exist to purchase investment quality Iowa farmland with 93.5 CSR2!  The Schmidt Estate land has been held for several generations and is now being offered at LIVE public auction.  Varying tracts of land being offered to suit your investment or farming needs.

“Selling Choice with the Privilege”
Tracts 1-5 will be sold price per deeded acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts or any combination of Tracts, in any order, times their high bid. This will continue until Tracts 1-5 are sold.  Tracts will not be recombined.

Tract 1 – 40 Deeded Acres M/L
Located 2 miles west of Ida Grove, IA on Highway 175, farm access is on Hillside Way.
FSA indicates: 39.22 NHEL acres tillable.
Corn Suitability Rating 2 is 93.5 on the tillable acres.
Located in Section 16, Corwin Township, Ida County, Iowa.
View FSA info
View Tract 1 - Soil Map

Tract 2 – 80 Deeded Acres M/L
Located 3 miles west of Holstein, IA on Highway 20, then 1 mile north on Carriage Ave.
FSA indicates: 76.62 acres tillable.
Corn Suitability Rating 2 is 86.2 on the entire farm.
Seller states some tiling has been done as waterways are now farmed & not reflected on FSA tillable acres.
Located in Section 29, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 2 - Soil Map

Tract 3 – 40 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then 1 mile west on 110th Street.
Approx.: 36.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the entire farm.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 3 - Soil Map

Tract 4 – 80 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then ¾ miles west on 110th Street to 5336 110th Street.
Approx.: 73.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the tillable acres.
This tract has a farmstead site with an older set of buildings to include a barn, open faced hog shed, small machine shed & uninhabitable mobile home.  Currently there is a shared well with the adjoining property to the east which will not be continued.  If Buyer desires water, Buyer will be responsible for drilling a new well.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 4 - Soil Map

Tract 5 – 160 Deeded Acres M/L
Located 6 miles north of Holstein, IA on Highway 59, then ¾ miles west on 650th St.
FSA indicates: 113.03 acres tillable.
Corn Suitability Rating 2 is 79.4 on the tillable acres.
Located in Section 34, Silver Township, Cherokee County, Iowa.
This tract has a cattle setup with a set of buildings to include an open end cattle barn, two older barns, a well with tile line overflow & electric.
Included: Concrete fence line feed bunks, 2 waterers, Attached fencing.
Not included: Cattle chute, Cattle tub, Bale feeders, Equipment of tenant’s.
View FSA info
View Tract 5 - Soil Map

Terms: 10% down payment on August 29, 2022. Balance due at final settlement with a projected date of October 13, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of October 13, 2022 (Subject to tenant’s rights on the tillable & pasture land).
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 - Tax parcels 08-16-327, 08-16-353 - $1,288.00 Net
Tract 2 - Tax parcels 02-29-376, 02-29-351 - $2,192.00 Net
Tract 3 - Tax parcel 02-10-226 - $1,166.00 Net
Tract 4 - Tax parcels 02-10-201, 02-10-276 - $2,366.00 Net
Tract 5 - Tax parcels 1534100001, 1534100002, 1534100003, 1534100004, 1534100005 - $3,746.00 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.
  • The farm is rented for the 2022 farming season. Seller will retain 100% of the cash rent for 2022.
  • Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
  • It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Final tillable acres will be determined by the FSA office, as some fields are combined and/or overlap Tract lines.
  • Tracts 1 - 5 will be sold by the acre with deeded acres being the multiplier for said tracts. Seller shall not be obligated to furnish a survey.
  • Due to this being an Estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the Buyer's expense in accordance with Ida County & Iowa Laws & regulations.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
  • 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 shall be responsible for any fencing in accordance with Iowa state law.
  • The Buyer 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.
  • 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 acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
  • All drawings, lines and boundaries are approximate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.


Seller: Bruce E. Schmidt Estate
Tamara Wolverton – Executor
Gary W. Armstrong – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 641.423.1947 or 319.470.7372
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Large Ida & Cherokee County, IA Land Auction - 400± Acres, 5 Tracts

Steffes Group

Steffes Group

Contact: Chris Richard
Phone: 319-385-2000
Sale Location
5336 110th Street Holstein, IA US
Holstein,
Sale Dates and Times
Monday Aug 22, 2022 Completed
Monday Aug 29, 2022 Completed
Sale Terms and Conditions

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 on the day the bidding closes.

 

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

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. 

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. 

 
Listing Details

LARGE IDA & CHEROKEE COUNTY IOWA LAND AUCTION

Holstein & Ida Grove, Iowa
Auction to be held at Cobblestone Inn & Suites, 2011 Indorf Ave, Holstein, IA 51025

LIVE – MONDAY, AUGUST 29, 2022 AT 1PM

Open House on Tract 4 on Monday, August 15th from 1- 2PM

400 Acres M/L – Sells In 5 Tracts

93.5 CSR2! - Selling Free and Clear for 2023 Farming Season

Online Bidding Available!

Auctioneer’s Note:  Very few opportunities exist to purchase investment quality Iowa farmland with 93.5 CSR2!  The Schmidt Estate land has been held for several generations and is now being offered at LIVE public auction.  Varying tracts of land being offered to suit your investment or farming needs.

“Selling Choice with the Privilege”
Tracts 1-5 will be sold price per deeded acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts or any combination of Tracts, in any order, times their high bid. This will continue until Tracts 1-5 are sold.  Tracts will not be recombined.

Tract 1 – 40 Deeded Acres M/L
Located 2 miles west of Ida Grove, IA on Highway 175, farm access is on Hillside Way.
FSA indicates: 39.22 NHEL acres tillable.
Corn Suitability Rating 2 is 93.5 on the tillable acres.
Located in Section 16, Corwin Township, Ida County, Iowa.
View FSA info
View Tract 1 - Soil Map

Tract 2 – 80 Deeded Acres M/L
Located 3 miles west of Holstein, IA on Highway 20, then 1 mile north on Carriage Ave.
FSA indicates: 76.62 acres tillable.
Corn Suitability Rating 2 is 86.2 on the entire farm.
Seller states some tiling has been done as waterways are now farmed & not reflected on FSA tillable acres.
Located in Section 29, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 2 - Soil Map

Tract 3 – 40 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then 1 mile west on 110th Street.
Approx.: 36.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the entire farm.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 3 - Soil Map

Tract 4 – 80 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then ¾ miles west on 110th Street to 5336 110th Street.
Approx.: 73.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the tillable acres.
This tract has a farmstead site with an older set of buildings to include a barn, open faced hog shed, small machine shed & uninhabitable mobile home.  Currently there is a shared well with the adjoining property to the east which will not be continued.  If Buyer desires water, Buyer will be responsible for drilling a new well.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 4 - Soil Map

Tract 5 – 160 Deeded Acres M/L
Located 6 miles north of Holstein, IA on Highway 59, then ¾ miles west on 650th St.
FSA indicates: 113.03 acres tillable.
Corn Suitability Rating 2 is 79.4 on the tillable acres.
Located in Section 34, Silver Township, Cherokee County, Iowa.
This tract has a cattle setup with a set of buildings to include an open end cattle barn, two older barns, a well with tile line overflow & electric.
Included: Concrete fence line feed bunks, 2 waterers, Attached fencing.
Not included: Cattle chute, Cattle tub, Bale feeders, Equipment of tenant’s.
View FSA info
View Tract 5 - Soil Map

Terms: 10% down payment on August 29, 2022. Balance due at final settlement with a projected date of October 13, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of October 13, 2022 (Subject to tenant’s rights on the tillable & pasture land).
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 - Tax parcels 08-16-327, 08-16-353 - $1,288.00 Net
Tract 2 - Tax parcels 02-29-376, 02-29-351 - $2,192.00 Net
Tract 3 - Tax parcel 02-10-226 - $1,166.00 Net
Tract 4 - Tax parcels 02-10-201, 02-10-276 - $2,366.00 Net
Tract 5 - Tax parcels 1534100001, 1534100002, 1534100003, 1534100004, 1534100005 - $3,746.00 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.
  • The farm is rented for the 2022 farming season. Seller will retain 100% of the cash rent for 2022.
  • Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
  • It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Final tillable acres will be determined by the FSA office, as some fields are combined and/or overlap Tract lines.
  • Tracts 1 - 5 will be sold by the acre with deeded acres being the multiplier for said tracts. Seller shall not be obligated to furnish a survey.
  • Due to this being an Estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the Buyer's expense in accordance with Ida County & Iowa Laws & regulations.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
  • 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 shall be responsible for any fencing in accordance with Iowa state law.
  • The Buyer 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.
  • 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 acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
  • All drawings, lines and boundaries are approximate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.


Seller: Bruce E. Schmidt Estate
Tamara Wolverton – Executor
Gary W. Armstrong – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 641.423.1947 or 319.470.7372
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Large Ida & Cherokee County, IA Land Auction - 400± Acres, 5 Tracts
 Live Auction w/Online Bidding
Sale Date(s)
Monday Aug 22, 2022 Completed
Monday Aug 29, 2022 Completed
Sale Location

Holstein,
Listing Terms and Conditions

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 on the day the bidding closes.

 

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

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. 

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. 

 


LARGE IDA & CHEROKEE COUNTY IOWA LAND AUCTION

Holstein & Ida Grove, Iowa
Auction to be held at Cobblestone Inn & Suites, 2011 Indorf Ave, Holstein, IA 51025

LIVE – MONDAY, AUGUST 29, 2022 AT 1PM

Open House on Tract 4 on Monday, August 15th from 1- 2PM

400 Acres M/L – Sells In 5 Tracts

93.5 CSR2! - Selling Free and Clear for 2023 Farming Season

Online Bidding Available!

Auctioneer’s Note:  Very few opportunities exist to purchase investment quality Iowa farmland with 93.5 CSR2!  The Schmidt Estate land has been held for several generations and is now being offered at LIVE public auction.  Varying tracts of land being offered to suit your investment or farming needs.

“Selling Choice with the Privilege”
Tracts 1-5 will be sold price per deeded acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts or any combination of Tracts, in any order, times their high bid. This will continue until Tracts 1-5 are sold.  Tracts will not be recombined.

Tract 1 – 40 Deeded Acres M/L
Located 2 miles west of Ida Grove, IA on Highway 175, farm access is on Hillside Way.
FSA indicates: 39.22 NHEL acres tillable.
Corn Suitability Rating 2 is 93.5 on the tillable acres.
Located in Section 16, Corwin Township, Ida County, Iowa.
View FSA info
View Tract 1 - Soil Map

Tract 2 – 80 Deeded Acres M/L
Located 3 miles west of Holstein, IA on Highway 20, then 1 mile north on Carriage Ave.
FSA indicates: 76.62 acres tillable.
Corn Suitability Rating 2 is 86.2 on the entire farm.
Seller states some tiling has been done as waterways are now farmed & not reflected on FSA tillable acres.
Located in Section 29, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 2 - Soil Map

Tract 3 – 40 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then 1 mile west on 110th Street.
Approx.: 36.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the entire farm.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 3 - Soil Map

Tract 4 – 80 Deeded Acres M/L
Located 4 miles north of Holstein, IA on Highway 59, then ¾ miles west on 110th Street to 5336 110th Street.
Approx.: 73.5 acres tillable.
Corn Suitability Rating 2 is 87.2 on the tillable acres.
This tract has a farmstead site with an older set of buildings to include a barn, open faced hog shed, small machine shed & uninhabitable mobile home.  Currently there is a shared well with the adjoining property to the east which will not be continued.  If Buyer desires water, Buyer will be responsible for drilling a new well.
Located in Section 10, Griggs Township, Ida County, Iowa.
View FSA info
View Tract 4 - Soil Map

Tract 5 – 160 Deeded Acres M/L
Located 6 miles north of Holstein, IA on Highway 59, then ¾ miles west on 650th St.
FSA indicates: 113.03 acres tillable.
Corn Suitability Rating 2 is 79.4 on the tillable acres.
Located in Section 34, Silver Township, Cherokee County, Iowa.
This tract has a cattle setup with a set of buildings to include an open end cattle barn, two older barns, a well with tile line overflow & electric.
Included: Concrete fence line feed bunks, 2 waterers, Attached fencing.
Not included: Cattle chute, Cattle tub, Bale feeders, Equipment of tenant’s.
View FSA info
View Tract 5 - Soil Map

Terms: 10% down payment on August 29, 2022. Balance due at final settlement with a projected date of October 13, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Landlord’s Possession: Projected date of October 13, 2022 (Subject to tenant’s rights on the tillable & pasture land).
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 - Tax parcels 08-16-327, 08-16-353 - $1,288.00 Net
Tract 2 - Tax parcels 02-29-376, 02-29-351 - $2,192.00 Net
Tract 3 - Tax parcel 02-10-226 - $1,166.00 Net
Tract 4 - Tax parcels 02-10-201, 02-10-276 - $2,366.00 Net
Tract 5 - Tax parcels 1534100001, 1534100002, 1534100003, 1534100004, 1534100005 - $3,746.00 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.
  • The farm is rented for the 2022 farming season. Seller will retain 100% of the cash rent for 2022.
  • Seller shall serve termination to the tenant, therefore the land will be selling free and clear for the 2023 farming season.
  • It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Final tillable acres will be determined by the FSA office, as some fields are combined and/or overlap Tract lines.
  • Tracts 1 - 5 will be sold by the acre with deeded acres being the multiplier for said tracts. Seller shall not be obligated to furnish a survey.
  • Due to this being an Estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the Buyer's expense in accordance with Ida County & Iowa Laws & regulations.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
  • 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 shall be responsible for any fencing in accordance with Iowa state law.
  • The Buyer 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.
  • 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 acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
  • All drawings, lines and boundaries are approximate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.


Seller: Bruce E. Schmidt Estate
Tamara Wolverton – Executor
Gary W. Armstrong – Closing Attorney for Seller

For information contact Mason Holvoet of Steffes Group at 641.423.1947 or 319.470.7372