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This lot is informational and may be used for test bidding - place your actual bids below.
This lot is informational and may be used for test bidding - place your actual bids below.

This lot is informational and may be used for test bidding - place your actual bids below.

Lot Closed

Auction by Merit Auctions, LLC(15)
This item is in Wapello and Jefferson County, IA

Similar Items

Overview of This lot is informational and may be used for test bidding - place your actual bids below.

Item Details

The Hickenbottom farm will be sold in 3 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 will be sold first on a price per acre basis through the marketing method of Buyers Choice, whereas the high bidder has the privilege to take either or both tracts for their high bid. Tract 3 will be sold next on a price per acre basis. The tracts will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.

Ten (10%) percent of the bid price to be due on the day of sale as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price on Tracts 1 & 2 will be due in approximately 150 days, on or before Wednesday, January 3, 2024 upon delivery of a merchantable abstract and deed. The balance on Tract 3 will be due in approximately 30 days on or before Friday, October 20, 2023 upon delivery of a merchantable abstract and deed.

At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing on Tracts 1 & 2. Possession on Tract 3 will be given at the time of closing subject to a lease with the tenant for the 2024 & 2025 crop years. Buyer(s) will receive 100% of the cash rent for the 2 year lease period. For questions or complete details contact the auction company.

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. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its AS IS condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.


 
Hickenbottom Farms - Tract 1 and 2-Wapello County plat.pdf
Hickenbottom Farms - Tract 1 and 2-Wapello County plat overlay .pdf
Hickenbottom Farms - Tract 3-Jefferson County plat.pdf
Hickenbottom Farms - Tract 3-Jefferson County plat overlay.pdf

Payment

Please contact the Merit Auctions for payment instructions.
CheckWire Transfer

Auction Details

Hickenbotton Family FarmsWapello and Jefferson County, IAThursday, Sep 14, 2023 | 10:00 AM CDT

Auction House

Merit Auctions, LLC
Merit Auctions, LLCFORT MADISON, IA(15)
Contact Auction House

Terms Of Sale

Ten (10%) percent of the bid price to be due on the day of sale as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price on Tracts 1 & 2 will be due in approximately 150 days, on or before Wednesday, January 3, 2024 upon delivery of a merchantable abstract and deed. The balance on Tract 3 will be due in approximately 30 days on or before Friday, October 20, 2023 upon delivery of a merchantable abstract and deed. At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing on Tracts 1 & 2. Possession on Tract 3 will be given at the time of closing subject to a lease with the tenant for the 2024 & 2025 crop years. Buyer(s) will receive 100% of the cash rent for the 2 year lease period. For questions or complete details contact the auction company. 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. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.
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