JEFFERSON COUNTY, IA LAND & ACREAGE AUCTION

JEFFERSON COUNTY, IOWA

LAND & ACREAGE AUCTION

50 ACRES± · SELLING IN 1 TRACT

MONDAY, JANUARY 22, 2024 AT 10:00 A.M.

New Open House Date: Sat. January 20th from 11AM to 1PM!!
POSTPONED***Open House/Inspection: Saturday, January 13^th from 11AM – 1PM**POSTPONED!!

LOCATION

The Burkey farm is located in Section 28 of Lockridge Township, Jefferson County, Iowa or 2.5 miles northwest of Lockridge, IA.  From Lockridge travel west 1 mile on U.S. Hwy. 34 to Velvetleaf Avenue, then proceed north 1.5 miles to the property. Physical Address: 2036 Velvetleaf Avenue, Lockridge, Iowa

TRACT INFORMATION

TRACT 1· COUNTRY HOME, OUTBUILDINGS, AND 50± ACRES

• Calling all hunting aficionados and nature seekers! Welcome to a 50-acre haven that appeals to local, out-of-town, and out-of-state buyers alike. This property boasts a ranch-style 2-bedroom fixer-upper home, offering versatility as a hunters’ cabin, a potential primary residence, and a prime building site. Embrace the allure of vast hunting grounds, complemented by a year-round water source from a serene creek and a modest pond, creating an ideal habitat for game. With fenced pastures for livestock, tillable acres for income and or food plots, pockets of timber, and a collection of older outbuildings, this versatile land is a canvas for creating your dream hobby farm or recreational retreat. Seize this chance to make this sanctuary your ultimate haven, drawing you in from near and far to embrace the tranquility and adventure this property promises!
• FSA should indicate approximately 8.78 tillable acres, of which portions have either been grazed or cut for hay.
• 1 CSR2 on the entire farm.
• 21 acres in Forest Reserve.

AUCTION DETAILS

Auction Method: The Gary Burkey Farm will be sold in one individual tract on a price per acre basis, based on the number of advertised acres.  Auction is being conducted Online Only with a soft close, which means a bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed.    Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate if the internet service fails to work correctly before or during the auction.

Contract & Title:  Immediately up conclusion of the auction, the high bidder will enter into a real estate sales contract with the Seller. The Seller will provide a current abstract at their expense. Real estate taxes will be prorated to the date of possession. Sale is NOT contingent on Buyer’s financing, an appraisal, site inspection or any other contingencies.

Survey: Seller shall not be obligated to furnish a survey.

Earnest Money: Ten (10%) percent of the bid price will be required within 24 hours of the auction ending.  All funds will be held in Fraise Auction & Real Estate Trust Account.

Closing & Possession: Closing will occur on or about February 23, 2024. Possession will be given at the time of closing.

Septic Systems: Because this is an Estate sale, Seller is exempt from the Time of Transfer Septic law.

Reservations: Seller reserves all appliances, personal property, farm equipment and livestock gates.

Inclusions: 500-gallon LP tank. Additionally, Buyer accepts any remaining personal property at the time of closing.

Other: It shall be the Buyer’s responsibility to report to the Jefferson County FSA office and show filed deed in order to receive the following, if applicable (A) Allotted base acres; (B) Any future government programs; (C) Prorate of CRP.  The real estate is selling subject to all easements, covenants, leases and restrictions of record.  The State of Iowa fence line laws will govern Tract where applicable. All property is sold on an “As Is, Where Is” basis with no warranties, expressed or implied made by the Auctioneer, Fraise Auction & Real Estate or Seller.  Fraise Auction & Real Estate and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing this transaction. Any announcements made on auction day by the Auctioneer will take precedence over all marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company and can be changed at any time during the course of the online auction.

Disclaimer: Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. All boundary stakes, lines drawn on maps and photos are approximate. Overall Tract acres, etc. may vary from figures stated within the marketing material.  No liability for its accuracy, errors or omissions is assumed by the Seller or Auction Company.

GARY W. BURKEY ESTATE – SELLER

Lloyd Bank – Executor

Paul Miller of Miller Law Office

119 N Court St., Fairfield, Iowa · 641.472.5049  – Attorney for Seller

NEW OPEN HOUSE/INSPECTION: SATURDAY, JAN. 20TH FROM 11AM-1PM

Burkey Flyer

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COREY FRAISE 319-470-0115