Live Webcast Auction
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Date(s)
11/5/2024 - 11/12/2024
AUCTIONEER INFORMATION
Bidding Notice:

This is a webcast auction with bidding availalbe online or in person at Melvin Legion Building in Melvin, Iowa.


Information
Lot # 7
Group - Category Real Estate - Ag / Farm Land
Lead Farm Information
Description
TO VIEW THE FARM BOOK, CLICK ON THE TEXT THAT SAYS " DUITSMAN FARM BOOK" BELOW THE PICTURE IN THE TOP / MIDDLE OF YOUR SCREEN. Auction held at Melvin Legion Building at 225 Main Street in Melvin, Iowa. LOCATION: The property is located at the intersection of Highway 59 and 200th Street. This is 3 miles northeast of Cloverdale, Iowa; or 7 miles northwest of Melvin, Iowa; or 8 miles southeast of Sibley, Iowa. Auction sign posted at the property. ABB. LEGAL: East Half of the Northeast Quarter of Section 35-99-41. FARM INFORMATION: Selling will be 80 acres, more or less, according to the legal description. The farm is all tillable with exception of road easement. Current FSA program information shows 74.94 crop land acres with a 37.2 acre corn base and 123 bushel yield, soybean base of 35.8 acres with a 34 bushel yield. The CSR2 rating is 90.5 with an older CSR rating of 74.3. Nearly 96% Wilmonton and Letri soils with a small amount of Everly. Current taxes are $2,160 per year. Elvin G. Duitsman Estate Mr. Michael Thole – DeKoter, Thole, Dawson, Rockman & Krikke – Attorney for Estate TERMS: Ten percent earnest money on day of auction. Buyers will enter written agreements for purchase immediately following the close of bidding. All final bids are subject acceptance or rejection by ownership. Sale is subject to district court approval for the Elvin G. Duitsman Estate. Balance due on or before February 11, 2025, when court officer deed and abstract showing merchantable title will be delivered and possession given subject to any remaining rights of current tenant that expire March 1, 2025. The Sellers will pay the installment of Iowa real estate taxes that would become delinquent if not paid by October 1, 2025 and all prior taxes. NOTE: An outstanding farm with excellent crop production soils and well managed crop history. Please contact Klaassen Realty with any questions. Online bidding prior to and through the auction available through the klaassenrealty.hibid.com site or find us through the link in the auction section of the website, klaassenrealty.com. DISCLAIMER: All information contained in this advertisement and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied concerning the property is made by the Sellers or the Auction Company. Each potential bidder is responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this advertisement is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneers. All decisions of the auctioneers are final. Any announcements made the day of the sale take precedence over printed material or any other oral statements made. Please contact auctioneer for additional information on the property.
Name Duitsman Estate Farm Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 11/5/2024 - 11/12/2024
Auction Date/Time Info
Webcast auction begins at 9 AM on November 12 at the Melvin Legion Building in Melvin, Iowa.
Preview Date/Time Contact Klaassen Realty at 712-754-3500 for more information.
Checkout Date/Time Closing of the transaction on or before February 11, 2025.
Location
Buyer Premium NO buyer premium for this auction
Description
Superbly located ideal farm with great soils and production capability. This is one of the farms where you can see all the fence posts at the other end from any corner of the farm. Easy to operate, no obstacles and ready for 2025.
REAL ESTATE TERMS: Selling is the legal descriptions for the property. Abbreviated legal noted as The East Half of the Northeast Quarter of Section 35, Township 99 North, Range 41 West of the 5th P.M., Osceola County, Iowa. At the conclusion of the auction, a successful internet bidder will be charged a $1,000 deposit (plus 3.5% processing fee) as an immediate non-refundable deposit. Online buyer of the real estate will sign a purchase agreement and deliver the balance to amount to 10% of gross winning bid earnest deposit, in person or by electronic transfer, at the Klaassen Realty office at 120 9th Street in Sibley, Iowa within 24 hours of auction close. In house bidders will be required to sign agreement and deliver earnest money at conclusion of auction. A continued abstract will be delivered to buyer for title examination prior to closing date. Possession on February 11, 2025. at the Klaassen Realty office in Sibley, Iowa. Seller will pay Iowa real estate installment that would become delinquent if not paid by October 1, 2025 based on current rates. Klaassen Realty is providing brokerage services, is an agent for and is representing the Seller at this auction. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied concerning the property is made by the Sellers or the Auction Company. This is not an absolute auction unless specifically stated in the auction heading. Bidders are encouraged to make their own physical inspection and rely solely on that inspection before bidding. Failure to inspect does not negate that Bidders responsibility to perform under the auction terms and conditions. You acknowledge that you have the right and responsibility to inspect, or to have a third party representative inspect for you. AUCTION TERMS & CONDITIONS VERY IMPORTANT! READ CAREFULLY BEFORE YOU ATTEMPT TO BID. ONCE YOU BID, YOU WILL BE BOUND LEGALLY BY THE FOLLOWING TERMS AND RULES THAT ARE STATED HERE. TERMS GENERAL TERMS: All prospective buyers must be at least 18 years old and are required to register prior to bidding. By placing a bid, the bidder acknowledges he has received, read, and understands and agrees to be bound by the terms and conditions of the auction. The bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company they represent, both jointly and severally agrees to indemnify and save harmless Auctioneer and its officers, directors, employees, agents, attorneys and its consignors, from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any items, or the attendance or participation of bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. Auctioneer reserves the right to add or withdraw property from the auction, and/or regroup items. Auctioneer reserves the right to sell property absolute or with reserve, at Seller discretion. The Seller does have the right to make the final bid and the Auctioneer does have the right to bid on behalf of the Seller. The auctioneer reserves the right to open the bid as the result of a tie bid or discrepancies in the bid. Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer does not sell or rent this information. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email mailing list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding, at Auctioneers sole discretion. Bidder registration is not transferable or assignable. Read the description and view photographs carefully. If you have any questions call Kevin Klaassen at 712-754-3500. Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. BIDDING IN THE ONLINE AUCTION: Once you are registered and have your User Name & Password, you may place bids as soon as a lot opens for bidding. Your bids are FINAL and constitute a binding contract. Please be aware that lots will close at various times as the live auction proceeds. You are responsible for monitoring these close times. Please bid early to avoid disappointment. Bidder acknowledges that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Auctioneer. We are NOT responsible for your system malfunctions, connection to the internet or your e-mail client stopping any of our e-mails to you in regard to bid confirmations and/or outbid notifications. An invoice will be sent to your registered e-mail address within 24 hours following the conclusion of the auction. Auction company employees and/or auction company may bid on auction items. NO Buyer premiums for this auction!
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 15,000.00 250.00 USD
15,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium NO buyer premium for this auction
Payment Terms
See terms and conditions in accompanying sale bill information.
No shipping on real estate!