HYBRID LAND AUCTION WITH LIVE AND ONLINE BIDDING

35.57 Acres, Pottawattamie County, IA

Online bidding opens Tues. Oct. 18, 11:00 AM

Live Auction Tues. Oct. 25, 11:00 AM at

The Twisted Tail in Beebeetown, IA

 AUCTIONEER’S NOTES: A highly productive farm with great location and nice mix of timber, water, wildlife habitat and income. Close proximity to the town of Crescent, IA and Omaha Metro area. Outstanding hunting, new home location and recreational possibilities. Southeast facing slopes with exceptional views in the Loess Hills. Easy access from the interstate. Approximately 7 miles South of Beebeetown, IA and 8.5 miles North of Crescent, IA.

 AGENCY: Listing Agent, Broker and Auctioneers are all agents of the Seller. A flat $2000 Buyer’s Agency referral is available for licensed Real Estate Professionals who register their Agency, and their Client is the winning bidder. Licensed Agents and Brokers representing potential Buyers are required to register and confirm their Agency by email with the Listing Agent at ryanpalmer4realestate@cox.net no later than 11AM on Sunday, October 23, 2022.

 POINT OF REFERENCE: 31303 Terrace Ave, Missouri Valley, Iowa 51555

 LATITUDE: 41.4703N    LONGITUDE: 95.8169W

 TAXABLE ACRES 35.57

 2021 PROPERTY TAXES: $816

 CROP ACRES: Approximately 28

 RENT: Seller to retain 100% of the 2022 annual cash rent of $9000. Renter has farmed the land for 20 years and is interested in continuing to rent all or part of the crop acres. 2022 crop has been harvested and lease has been officially terminated.

 LEGAL DESCRIPTION: NE 1/4 SW 1/4 Exc Comm SW Cor TH N324.11’E257.44’ SE358.7’W362.56’ to POB all in Section 17-77-43 Boomer Twp., Pottawattamie County, Iowa.

 DIRECTIONS FROM CRESCENT, IA: Go North on Old Lincoln Hwy approx. 3.5 miles; turn right (East) onto Coldwater Ave for half a mile, then turn left (North) onto 190th St. and continue for approximately 3.6 miles; turn right (East) onto Terrace Ave; Follow Terrace Ave approximately ¾ of a mile. The Farm is on the right (East & South) side of the road.

 DIRECTIONS FROM I-880 & L34: Take Exit 8 off of I-880; Go South on L34 for about half a mile. Turn right (Go West) on Whippoorwill Rd for 2 miles; Follow the curve to the left (South) that becomes 210th St and continue South for one mile; Follow the curve to the right (West) that becomes Coldwater Ave, Continue West at the fork as it becomes Westgate Rd; Follow Westgate Rd for approximately ¾ of a mile and turn left (South) on Terrace Ave; Follow the curve to the West on Terrace Ave. The Farm is on the left (South & East) side of the road.

 ACCESS: Open for inspection only during daylight hours with dry soil and dry weather. Lookers should notify Listing Agent of intended presence on the property. Entry to the property is completely 100% at your own risk. By going onto the property, you assume all liability for yourself and your actions and are responsible for any damages. No hunting prior to settlement.

METHOD OF AUCTION: Spencer Auction Group will sell 35.57 acres times the bid. Note to Online Bidders - Bidding software only recognizes whole numbers and is displayed as 35 acres. Final bid will be multiplied times 35.57.Property is sold in its “as-is, where-is” condition. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The successful bidder is purchasing with no financing contingencies and must be prepared for cash settlement of their purchase on or before November 18, 2022, or as soon thereafter as closing documents are available.

ACCEPTANCE OF BIDS: Seller will have the right to accept or reject the final bid on the property. Your bid is not subject to financing, appraisals, or any other contingencies. If final bid is accepted, buyer will immediately sign a purchase agreement and place a 10% non-refundable earnest deposit in the Blair Title Trust Account, where it will be held until closing.

FINAL SETTLEMENT: On or before November 18, 2022 or as soon thereafter as closing documents are available. Seller will provide an updated abstract. Buyer will have an attorney opinion rendered by the attorney of the buyers choice at the buyers expense. Each party shall be responsible for normal closing costs associated with closing a real estate transaction, which will include a $250 closing fee assessed to each party by Blair Title.

TERMS OF POSSESSION: The winning bidder will be required to submit a ten percent (10%) down payment as non-refundable earnest deposit at the conclusion of the auction. Final settlement of the remaining balance will require a certified check or wire transfer. Full Possession will be given at settlement. Property taxes will be prorated to November 18, 2022.

DISCLAIMER: Announcements made by the auctioneer at the time of the sale will take precedence over all previously printed material, or any oral statements made. All information contained in this brochure and all related materials is believed to be accurate but is subject to verification of all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Sellers, Listing Agent, Broker, Auction Company or its Representatives. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.

*Direct inquiries to Ryan Palmer, Listing Agent 402-452-4780, Bennington Realty, Inc 402-238-2238