VIRTUAL ONLINE
JEFFERSON COUNTY, IOWA LAND AUCTION THURSDAY, SEPTEMBER 21, 2023 AT 10:00 AM CT
240 ACRES± • SELLING IN 2 TRACTS
MONDAY, SEPTEMBER 11 TH From 10:00 AM - 2:00 PM
OPEN HOUSE
AUCTION MANAGER:
JOHN MILLANE ESTATE JOHN PEIFFER - EXECUTOR Representing Attorney: Vanessa M.Y. Willman | Foss, Kuiken, Cochran, Helling & Willman, P.C. 100 E Burlington Ave, First National Bank Bldg. Suite 201, Fairfield, Iowa 52556 | (641) 472-3129
JEFF HOYER (319) 759-4320
DETAILS, MAPS, PHOTOS & BIDDING: WWW.SULLIVANAUCTIONEERS.COM
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
The Millane farms are located in Sections 21 & 22, Black Hawk Township, Jefferson County, Iowa. From Fairfield, Iowa proceed north on Hwy. #1, 7 miles to 130th Street, then turn left or west 11/2 miles to Tract 2 and 1 more mile to Tract 1. LOCATION & GENERAL INFORMATION
TRACT INFORMATION
TRACT 1 - 200 ACRES±, HOME, GRAIN BINS & OUTBUILDINGS • FSA figures indicate 160.78 acres of cropland. • Balance of this tract are wooded draws. • CSR2 is 68.0 (cropland acres only). • Major soil types are Otley, Shelby, Clarinda, Mahaska & Taintor. • There is a ranch style 3-bedroom home with attached garage in need of a little TLC. • Eaton 36’ & 24’ grain bins. • 36’ x 75’ machine shed and an older 24’ x 60’ farrowing house. • This farm offers highly productive cropland acres along with several hunting and recreational opportunities plus several nice improvements. • Access is on the north off of 130th Street. TRACT 2 - 40 ACRES±, MACHINE SHED & GRAIN BINS • FSA figures indicate 30.99 acres of cropland. • Balance of this tract has a nice sized pond and grass areas. • CSR2 is 83.2! (cropland acres only) • Major soil types are Mahaska & Nira. • There is a nice 40’ x 66’ machine shed plus other older outbuildings. • (2) Eaton 24’ grain bins as well as a Butler & Chief 21’ grain bin. • This farm offers highly productive soils along with several very nice improvements. • Access is on the west off of Jasmine Avenue.
METHOD & TERMS
The Millane farms will be sold in (2) individual tracts. Both tracts will sell on a price per acre basis, based upon the advertised acres found in this brochure. Said acres will be used to constitute the final settlement price. Both tracts will be sold through the marketing method of “Buyer’s Choice” whereas the high bidder may elect either or both tracts for their high bid. “Buyer’s Choice” will continue until both tracts have been sold. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before October 23, 2023 upon delivery of a merchantable abstract and deed. Real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing, subject to the current lease with the tenant running through February 2024. Both tracts sell free and clear for the 2024 farming season. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.
OPEN HOUSE MONDAY, SEPTEMBER 11 TH FROM 10:00 AM - 2:00 PM
COMING SOON THURS., OCT. 12, 2023 AT 10:00 AM 100 ACRES± • 1 TRACT JOHN MILLANE ESTATE Visit our website for more information!
a machinery inspection will also be conducted at this time for the Millane equipment that will be sold on a Weekly Wednesday Auction
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
240 ACRES± SELLING IN 2 TRACTS
VIRTUAL ONLINE | JEFFERSON COUNTY, IOWA LAND AUCTION THURSDAY, SEPTEMBER 21, 2023 AT 10:00 AM CT
JOHN MILLANE ESTATE
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
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