Lee County, Iowa
82.29 SURVEYED ACRES ∙ 1 TRACT
TUESDAY, OCTOBER 19, 2021 AT 12-NOON
Sale Location: Donnellson Fairgrounds Learning Center, 1100 N Main St., Donnellson, Iowa
Live In-Person Auction w/Simulcast Online Bidding
Location & General Information
The Bogert Farm is located in Section 11, T68N∙R6W, Franklin Township, Lee County, Iowa and is generally located 6 miles northeast of Donnellson, IA. Land represents both tillable farmland and hunting/recreational land.
- Estimated 54.48 tillable acres of which 2.64 acres are enrolled in CRP (CP22) with an annual payment of $459.00 expiring in 2029
- Balance of land is timber with a creek
- CSR2 is 42.2
- Access is from 180th Street
- Estimated real estate taxes: $1,471.51
Auction Method: The Bogert Farm will be sold in one individual tract on a price per acre basis. Auction is being conducted Live In-Person with Simulcast Online Bidding. If you plan to bid online, please register 24 hours prior to the Live Auction starting. Under no circumstances shall Online Bidders have any kind of claim against Fraise Auction & Real Estate if the internet service fails to work correctly before or during the auction.
Survey: Land is in the process of being surveyed. Acres will be adjusted subject to survey and will constitute the final settlement price. SURVEY IS COMPLETE- 82.29 ACRES.
Earnest Money Payment: A $30,000 nonrefundable earnest money payment is required on the day of the auction. All funds will be held in Fraise Auction & Real Estate Trust Account.
Closing & Possession: Closing will occur on or about November 30, 2021. Possession will be given at the time of closing, subject to the current farm lease with the tenants. Farm sells with full farming rights for the 2022 crop year, beginning march March 1, 2022.
Contract & Title: Immediately upon 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 or any other contingencies.
Other: It shall be the Buyer’s responsibility to report to the Lee 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 land is selling subject to all easements, covenants, leases and restrictions of record. Buyer will be responsible for installing a new driveway for ingress/egress. 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. Winning bidder acknowledges that they are representing themselves in completing this transaction. Any announcements made auction day by the Auctioneer will take precedence over all marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer.
Disclaimer: Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. All lines drawn on maps and photos are approximate. Overall tract acres, tillable 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.
EVELYN BOGERT SMITH ESTATE & CLIFFORD BOGERT TRUST – SELLERS
Janice Gobble & John Bogert – Co-Executors & Co-Trustees
T.J. Werner of ARPWS LLP.
524 N Main Street, Burlington, IA 52601 – Attorney for Sellers