78 acres m/l Rockford Township Pottawattamie Co. Iowa Land Auction

SALE FLYER

Directions: From I-29 Honey Creek IA Exit 71, East on Sumac Road approximately 1 mile. Farm is on the North side of Sumac Road or From Honey Creek intersection of Old Lincoln Highway and Sumac Road, west on Sumac approximately 1/2 mile.  Farm is on the North side of Sumac Road. Signs posted.

Legal Description: E 1/2 SE 1/4 except part SESE in SW corner, all in 27-77-44 Pottawattamie Co, IA.

78 taxable acres

77.02 Cropland per FSA

65.3 CSR2 per Surety Maps

$2552 taxes in 2023, taxes will be prorated to date of closing.

$521 drainage paid in 2024. No proration for drainage taxes.

This farm deserves your full attention. Farm was purchased by Wonder Realty (out of state investor) in 2023 and is now being offered with full possession and farming rights for 2025.  Farm was affected by area flooding in 2024 and needs minor cleanup.  The farm may be driven prior to the auction with weather permitting.  

METHOD OF AUCTION:  Farm will sell 78 acres times the bid.

TERMS:  All interested parties to register at www.spencergroups.com and submit a bank letter of creditworthiness to the Spencer Groups office by calling 712-644-2151.  Seller has the right to accept or reject the final bid by 5pm on the date of the auction.  If final bid is accepted, buyer to place a 10% non-refundable earnest deposit in the Blair Title Trust Account, where it will be held until closing.  Seller will provide an updated abstract.  Buyer to provide a title opinion rendered by the attorney of the buyers choice, at the buyers expense.  Each party will be responsible for normal closing costs associated with closing a real estate transaction, which will include a closing fee to Blair Title.

CLOSING:  Closing to take place on or before April 4th, 2025

AGENCY:  Spencer Groups, INC/Ed Spencer Real Estate/Farms America, INC, its agents and its associates, are agents for, and represent the SELLERS in this transaction.  All bidders will be considered customers, not clients.

Disclaimer: Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed materials, or any oral statements made.  All information and all related materials are subject to the terms and conditions outlined in the agreement to purchase.  The property is being sold on an "as-is, where-is" basis, no warranty or representation, either expressed or implied concerning the property is being made by the sellers or the auction company.  Each potential bidder is responsible for conducting his/her own due diligence, inspections, investigations and inquiries regarding the farm. The information contained herein is believed to be accurate, but is subject to the verification of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximated based upon GIS, aerial photographs and information provided by the assessor and the FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.