VIRTUAL ONLINE
JEFFERSON COUNTY, IOWA LAND AUCTION THURSDAY, JUNE 15, 2023 AT 10:00 AM CT
446 ACRES± (SUBJECT TO SURVEY) • SELLING IN 6 TRACTS
MONDAY, JUNE 5 TH From 4:00 - 5:30 PM OPEN HOUSE
MARY L. LAUX ESTATE/TRUST MIKE LAUX, DENNIS LAUX & PHIL LAUX - EXECUTOR/CO-TRUSTEES
Representing Attorney: Vanessa M.Y. Willman | Foss, Kuiken, Cochran, Helling & Willman, P.C. 100 E Burlington Ave, First National Bank Bldg. Suite 201, Fairfied, Iowa 52556 | (641) 472-3129
AUCTION MANAGER: JEFF HOYER (319) 759-4320
DETAILS, MAPS, PHOTOS & BIDDING: WWW.SULLIVANAUCTIONEERS.COM
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION
Tracts 1 - 4 of the Laux Farm are located in Sections 16, 17 & 21, Round Prairie Township, Jefferson County, Iowa, and generally located just west of the small unincorporated town of Glasgow, Iowa along Co. Rd. H46 (Glasgow Road). Glasgow is located 11 miles southeast of Fairfield, Iowa. Tracts 5 & 6 of the Laux Farm are located in Sections 5 & 8, Walnut Township, Jefferson County, Iowa, and generally located 2 miles southeast of Brighton, Iowa on Co. Rd. W40 (Germanville Blacktop). If you are interested in adding highly productive land to your operation, looking for a country acreage, recreational land and even a building site, you will want to take a look at either one of the Laux farms. Both of these farms are ideally located along hard surfaced roads and offer something for everyone. Be sure to join us for the Open House of Tract 6 on Monday, June 5th from 4:00 - 5:30 PM.
TRACTS 1 - 4
"GLASGOW FARM"
2
3
1
DRONE FOOTAGE AVAILABLE ON OUR WEBSITE www.SullivanAuctioneers.com
4
"BRIGHTON FARM"
TRACTS 5 & 6
5
6
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. NO INTERNET BUYER FEES! IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847-2161
TRACT INFORMATION
Tract 1 - 140.0 Acres± (subject to survey) • FSA figures indicate approximately 113.34 acres of cropland • Productive soil types include Haig, Grundy, Pershing and Rinda • CSR2 of 70.0 (tillable only) • The balance of this tract is a wooded draw • Access is on the south side off of Glasgow Road Tract 2 - 39.5 Acres± (subject to survey) • FSA figures indicate 36.91 acres of cropland • Productive soil types include Haig, Grundy, Pershing and Rinda • CSR2 of 60.4 (tillable only) • The balance of this tract is a small wooded draw • Access is on the north side off of 248th Boulevard Tract 3 - 96.5 Acres± (subject to survey) • FSA figures indicate 53.18 acres of cropland • Productive soil types include Haig, Pershing and Rinda • CSR2 of 63.7 • The balance of this tract is wooded pasture and timber areas offering excellent recreational opportunities • Access is on the north side off of 248th Boulevard via a driveway that may require widening at the buyer's expense. Said driveway has been approved by Jefferson County Secondary Roads Tract 4 - 7.0 Acres± (subject to survey) • FSA figures indicate approximately 1.00 acre of cropland • This tract offers an excellent building site along a hard surfaced road • There is a small pond on this tract as well as a wooded area with mature trees • Access is on the south off of Glasgow Road ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com
TRACT INFORMATION
Tract 5 - 158.0 Acres± (subject to survey) • FSA figures indicate 88.53 acres of cropland, of which 28.20 acres are enrolled in the Conservation Reserve program • The current CRP contract expires September 30, 2031. The rental rate is $240.00 per acre with an annual contract payment of $6,768.00 • Productive soil types include Ladoga and Gara • CSR2 of 66.7 (tillable only) • The balance of this tract is open and timber areas offering exceptional hunting and recreational activities • Access is on the west side off of Germanville Road via one or two driveways to be constructed by the new buyer. Both driveways have been approved by Jefferson County Secondary Roads Tract 6 - Country Home, Outbuildings and 5.0 Acres± (subject to survey) • This nice country acreage is improved with a large 2 story home having 1,816 sq. ft. of living space, 4 bedrooms, kitchen, living & dining rooms, 2 baths, full basement and a large open front porch. Outbuildings include a 46’ x 59’ machine shed with partitioned office/man- cave, 32’ x 48’ hog/storage building and a 10,000 bushel grain bin (not being used). This ideally located home has rural water and on a hard surfaced road. • Be sure to join us for the Open House on Tract 6 on Monday, June 5th from 4:00 - 5:30 PM.
JOIN US ON MONDAY, JUNE 5 TH From 4:00 - 5:30 PM on Tract 6 TRACT 6 OPEN HOUSE
TRACT 1 SOIL MAP (TILLABLE ACRES)
TRACT 2 SOIL MAP (TILLABLE ACRES)
60.4
70
TRACT 3 SOIL MAP (TILLABLE ACRES) TRACT 5 SOIL MAP (TILLABLE ACRES)
63.7
66.7
METHOD & TERMS
The Laux Farms will be sold in six (6) individual tracts, based on a survey that is currently in progress. Said surveyed acres will be used to constitute the final settlement price. Tracts 1, 2 & 3 will sell first on a price per acre basis and 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" auctioning will continue until all three tracts have been sold. We will then sell Tract 4 for a "lump sum", total dollar amount. We will then sell Tract 5 on a price per acre basis followed by Tract 6 for a "lump sum", total dollar amount. Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 45 days, on or before Monday, July 31, 2023 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. Full possession will be given at the time of closing, subject to the leases with the tenants. New buyer(s) will receive 50% of the cash rent as a credit at closing (ask auction company for details). Subject to the Iowa Septic System Law, this property is held in an estate, therefore the septic system on Tract 6 is exempt from any septic system testing or upgrades. Any future septic system testing or upgrades will be at the buyer(s) expense. Tracts 1, 2 & 3 sell with full farming rights for the 2024 crop year. Tract 5 is leased through the 2026 crop year. 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”.
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
446 ACRES± (SUBJECT TO SURVEY) SELLING IN 6 TRACTS
VIRTUAL ONLINE | JEFFERSON COUNTY, IOWA LAND AUCTION THURSDAY, JUNE 15, 2023 AT 10:00 AM CT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 MARY L. LAUX ESTATE/TRUST MIKE LAUX, DENNIS LAUX & PHIL LAUX - EXECUTOR/CO-TRUSTEES
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