Lee County, Iowa
MONDAY, AUGUST 27, 2018 AT 5:00 P.M. Auction Venue: American Legion, 309 5th Street, West Point, IA 52656
870 ACRES± 16 TRACTS
The Richard “Dick” & Luci e Fedler Farm Sandy Bethurem • Trustee & Executor | Dixie Booten • Trustee | Gale Thompson Representing & Closing Attorney: Dick Fehseke • Fehseke & Gray Law Offices 1023 Avenue G., Fort Madison, Iowa 52627 • Phone: 319-372-7181
Sullivan Auctioneers, LLC | www.sullivanauctioneers.com | Toll Free (844) 847-2161 | Lic. #444000107
Wednesday, August 15 th FROM 4:30 - 6:00 P.M. A Sullivan Auctioneers Representative will be available at Tracts 5 & 13.
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Plat Map
TRACTS 1 - 5
TRACTS 6 - 16
LOCATION: The Fedler Farms are located in Sections 12, 21, 27, & 28, West Point Township, Lee County, IA. To access Tracts 1–5, at the east edge of West Point, IA on Co. Rd. 103, go southeast 2¼ miles to Otte Rd., turn left or north and proceed to 170th St., turn right or east and go 1¼ miles to the farm. To access Tracts 6–16, in West Point, IA, take Co. Rd. X23 (West Point Rd.) south 3½ miles to the farm. All 11 tracts are located on or just off Co. Rd. X23. (Watch for presale directional signs.)
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Aerial Map • Tracts 1 - 5
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TRACT 1 • 59.5 ACRES± (SUBJECT TO SURVEY)
• FSA information indicates 59.2 acres tillable. • Productive soils include Haig, Pershing & Grundy. • CSR2 is 58.2. • Access is on the northeast by 170th St. • Estimated Real Estate Taxes: $1,120.00 TRACT 2 • 19 ACRES± (SUBJECT TO SURVEY) • This small tract is 100% tillable. • Highly productive Haig & Grundy soils. • CSR2 is 80.3!
• Access is on the south by 170th St. • Estimated Real Estate Taxes: $530.00
TRACT 3 • 52 ACRES± (SUBJECT TO SURVEY)
• FSA information indicates 51.86 acres tillable. • Productive Pershing, Weller & Grundy soils. • CSR2 is 59.2. • Access is on the north by 170th St. & on the west by 275th Ave. • Estimated Real Estate Taxes: $1,091.00
TRACT 4 • 80 ACRES± (SUBJECT TO SURVEY)
• FSA information indicates 62.52 acres tillable including approximately 7.48 acres in Alfalfa hay production. The majority of this parcel is improved pastureland with good fences with the balance of this tract being lightly wooded draws and a very nice 1½ acre stocked pond. • Soils include Weller, Nodaway-Cantril & Lindley. • CSR2 is 34.1. • Access is on the northwest by 275th Ave. • Estimated Real Estate Taxes: $630.00
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TRACT 5 • 5 ACRES± & HOME (SUBJECT TO SURVEY) Physical Address: 2753 170th St., Fort Madison, IA 52627
• This parcel is improved with a 1½ story brick country home. The home features 4-bedrooms & 2-bathrooms. Other amenities include a large 2-car attached garage, central air & rural water. • This nice country acreage offers several usable outbuildings including a 32’ x 48’ pole building, a 48’ x 48’ pole building, a 20’ x 30’ shop building, & a 48’ x 90’ hay storage building. There is also an ample amount of livestock holding & sorting pens as well as 100’s of feet of fence line feed bunks on concrete. We urge you to take a look at this attractive Lee County, IA acreage!
• Access is on the south by 170th St. • Estimated Real Estate Taxes: $1,751.00
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Soil Map • Tracts 1 & 2
Tract 1
Tract 2
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Soil Map • Tracts 3 & 4
Tract 3
Tract 4
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Aerial Map • Tracts 6 - 16
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TRACT 6 • 34 ACRES± (SUBJECT TO SURVEY) • This tract is 100% tillable. • Productive Weller, Belinda & Beckwith soils. • CSR2 is 51.4. • Access is on the northeast by Co. Rd. X23. • Estimated Real Estate Taxes: $668.00 TRACT 7 • 50 ACRES± (SUBJECT TO SURVEY) • FSA information indicates 41.24 acres tillable with the balance in wooded draws and a small wooded area in the southern portion of the tract. • Soils include Weller, Beckwith & Belinda. • CSR2 is 45.5. • Access is on the northeast by Co. Rd. X23. • Estimated Real Estate Taxes: $886.00 TRACT 8 • 9 ACRES± (SUBJECT TO SURVEY) • This small parcel is 100% tillable. • Productive Weller soils. • CSR2 is 55.
• Access is on the east by Co. Rd. X23. • Estimated Real Estate Taxes: $136.00 TRACT 9 • 10 ACRES± (SUBJECT TO SURVEY) • This attractive tract is 100% tillable. • Soils include Weller & Beckwith. • CSR2 is 51.7. • Access is on the east by Co. Rd. X23. • Estimated Real Estate Taxes: $142.00 TRACT 10 • 23 ACRES± (SUBJECT TO SURVEY)
• FSA information should indicate 20 acres tillable with the balance being a small wooded area in the western portion of the tract. • Weller & Keswick soils. • CSR2 is 44.
• Access is on the east by Co. Rd. X23. • Estimated Real Estate Taxes: $350.00
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TRACT 11 • 26 ACRES± (SUBJECT TO SURVEY)
• FSA information should indicate 22 acres tillable. • Soils include Weller & Beckwith. • CSR2 is 47.6. • This nice parcel includes an attractive nearly 2 acre pond that is stocked with native species of fish to the area.
• Access is on the east by Co. Rd. X23. • Estimated Real Estate Taxes: $441.00
TRACT 12 • 72 ACRES± (SUBJECT TO SURVEY)
• FSA information indicates 45.42 acres tillable with the balance being in wooded draws. • Weller & Beckwith soils. • CSR2 is 42.4 (56.5 on tillable acres). • This tract is improved with 2 stave silos, feed bunks, livestock holding/sorting pens and a 52’ x 80’ open livestock building. Also included is a 30’ x 37’, a 40’ x 48’ storage building and an 8,000 bu. grain bin. • Access is on the east by Co. Rd. X23. • Estimated Real Estate Taxes: $1,102.00 • FSA information indicates 46.03 acres tillable including 18.41 currently in row crop production. The balance of this tract is improved pastureland with good exterior & interior fencing and attractive recreational acreage. • Soils include Weller, Nodaway-Cantril & Lindley. • CSR2 is 30.9 (51.9 on tillable acres). • This parcel is improved with a 24’ x 80’ stave silo, a 40’ x 60’ storage building with livestock handling facilities and several areas of concrete. • Access is on the northeast by Co. Rd. X23. • Estimated Real Estate Taxes: $1,389.00 TRACT 13 • 179 ACRES± (SUBJECT TO SURVEY)
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TRACT 14 • 176 ACRES± (SUBJECT TO SURVEY)
• This tract features improved pastureland with areas of good exterior fencing and some of the most attractive recreational acreage to be found in this area of Southeast Iowa. • There are high signs of all species of wildlife including white tail deer & wild turkey. • Nodaway-Cantril & Weller soils. • CSR2 is 34.1. • Access is on the north by 235th Ave. • Estimated Real Estate Taxes: $1,389.00 • FSA information should indicate 3.5 acres tillable. • Soils include Weller & Lindley. • CSR2 is 61.1 on the tillable acres. • The balance of this tract includes beautiful recreational acreage and several attractive home building sites. There is a 30’ x 40’ open front storage building on this parcel as well. • Access is on the northwest by 235th Ave. • Estimated Real Estate Taxes: $214.00 • FSA information should indicate 18.81 acres tillable. • Weller & Beckwith soils. • CSR2 is 55.9 on the tillable acres. • The balance of this parcel offers heavily wooded draws with high signs of wildlife activity that will suit the most particular recreationalist. There are also several excellent new home building sites with great views of the countryside. • Access is on the northwest by 235th St. • Estimated Real Estate Taxes: $643.00 TRACT 15 • 27 ACRES± (SUBJECT TO SURVEY) TRACT 16 • 47 ACRES± (SUBJECT TO SURVEY)
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Soil Map • Tracts 6 & 7
Tract 6
Tract 7
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Soil Map • Tracts 8 & 9
Tract 8
Tract 9
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Soil Map • Tracts 10 & 11
Tract 10
Tract 11
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Soil Map • Tracts 12 & 13
Tract 12
Tract 13
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Soil Map • Tracts 14 & 15
Tract 14
Tract 15
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Soil Map • Tract 16
Tract 16
Special Provisions
• This real estate is selling subject to public road easements and all other easements of record. • All fences and fence lines shall be governed by the Lee County and State of Iowa fence line rules and regulations. • It will be the responsibility of the new buyer(s) to show proof of purchase to the Lee County FSA Office so that he/she will receive any future government payments. • If any access driveways are needed, said driveway installation & costs will be at the buyer(s) expense. • Subject to the Iowa Septic System “Time of Transfer” Law, Tract 5 is exempt from any septic system testing or upgrades. Any septic system testing or upgrades will be at the buyer(s) expense. • All tracts sell subject to a farm lease for the 2018 crop year, with the said lease ending March 1, 2019. • The tenant (Martin Durr) will be served lease termination prior to September 1, 2018. • All personal property including farm equipment, corral gates, posts, wire, etc, on all tracts are being reserved for the tenant. • If in the future a site clean up is required, it will be at the expense of the buyer(s).
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Method & Terms
All 16 tracts are currently being surveyed. Tracts 1 - 4 and 6 - 16 will be sold on a price per acres basis, based on the survey. Tract 5 will be sold for a LUMP SUM total dollar amount. Tracts 1 - 4 will be sold first and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can take any or all tracts for their high bid. “Buyer’s Choice” will continue until all four tracts have been sold. Tract 5 will be sold next for a LUMP SUM total dollar amount. Tracts 6 - 16 will then be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can take any or all tracts for their high bid. “Buyer’s Choice” will continue until all eleven tracts have been 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 on or before Friday, September 28, 2018, upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder shall enter into a written agreement with the sellers. Bidding is NOT contingent upon financing. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing on Tracts 1 - 4 and 6 - 16, subject only to a farm lease for the 2018 crop year. Full possession of the home on Tract 5 will be granted at the time of closing; the outbuildings will be subject to the current tenants 2018 farm lease. All tracts sell free & clear for the 2019 crop year. There are no hunting leases associated with any of the tracts. 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”.
Dan Sullivan
Joe Sullivan
Jim Sullivan
John Sullivan
Matt Sullivan
Luke Sullivan Michael Sullivan James Sullivan
Jim Huff
Jeff Hoyer
John Probasco
Bill Fretwell
Kevin Haas
Zach Hiner
Bub Hoskins John Borrowman
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Sullivan Auctioneers, LLC PO Box 111 Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
Lee County, Iowa
870 ACRES± 16 TRACTS
MONDAY, AUGUST 27, 2018 AT 5:00 P.M. Auction Venue: American Legion, 309 5th Street, West Point, IA 52656
The Richard “Dick” & Luci e Fedler Farm Sandy Bethurem • Trustee & Executor | Dixie Booten • Trustee | Gale Thompson
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