ABSOLUTE Land Auction – Live & Online – Cass County, Iowa 240 m/l Acres

Mark your calendar for Saturday, January 20^th, 2024, at 12:00 pm 

KILOTERRA is proud to present the Nona Kopp Estate in the sale of this 240+/- acre farm located in Cass County, Iowa.

This property is located in Section 24 of Lincoln Township and will be offered in a single tract containing 234.40 of farmland with 223.93 FSA tillable acres carrying a CSR2 of 54.2. The balance of the farm is in terraces, waterways and a building site on the NW corner of the farm. The long-term tenant has taken great care of this property, utilizing conservation farming practices on a corn / bean rotation.

The Live Auction is January 20th, 2024, 12 PM, at the Anita Community Center, 805 Main Street Anita, Iowa 50020.  Absentee bidding will be available via online bidding.  Online Bidders must register 24 hours prior to the day of auction.

For assistance registering for online bidding, or for questions regarding this property, contact Land Specialist, Zack Wahlert at (515) 523-7747

General Summary:

• Auction Time & Date: 12 PM January 20th, 2024
• Auction Location: Anita Community Center 805 Main St, Anita, IA 50020
• General Farm Location: South of Anita, Iowa approximately 7 miles
• Gross acres: 240.02
• Brief Legal Description: 240 Acres M/L Section 24 of Lincoln Twp.
• Exact Legal to come from abstract.
• Parcel Numbers: 190001115001000,190001115002000,190001119001000,
• 190001119002000,190001119003000,190001119004000
• Auction Method: 1 Tract absolute auction
• Absentee Bidding: YES (prior registration and approval required)
• Sign on Property: YES
• Annual Taxes: $5524
• Lease: Terminated, effective March 1st 2023. Open for 2024 Crop Year.
• Closing: February 27th, 2024
• Possession: Immediately upon Closing, Subject to Tenants Rights
• Terms: Cash/Conventional, not subject to buyer financing. 10% Earnest
• Deposit Due day of Auction.
• Abstract: Seller will provide an abstract continued to the date of purchase, at Seller’s Expense

USDA Information:

• Farmland Acres: 234.40
• Cropland Acres: 223.93
• DCP Crop Data (Corn): 99.67 Base Acres, PLC Yield 140 bu/ac
• DCP Crop Data (Soybeans): 99.55 Base Acres, PLC Yield 46 bu/ac

Directions to Farm:

Take Interstate 80 to Exit 75 toward Anita. Turn South on White Pole Rd.  In Anita Turn South (Left) on Michigan Rd.

Travel South to Jackson Rd. and Turn East (Left). Travel 2 miles down Jackson Rd

Farm is SE of the 770th and Jackson Rd Intersection. Look for signs.

AUCTION DETAILS

ABSOLUTE Land Auction – Live and Online

240 Acres M/L in Cass County, Iowa, offered in (1) One Tract

Seller(s):

Nona Kopp Estate

Auction Time & Location:

Saturday, January 20^th, 2024, at 12:00 pm 

Anita Community Center

805 Main St

Anita, IA 50020

Online Bidding: Online bidding is available via the KILOTERRA bidding app.  Register to bid at www.kiloterra.bidwrangler.com

Agency Disclosure: KILOTERRA and its agents are exclusive representatives of the seller.  Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder.

Auction Method: All tracts will be sold via the Live Public and Simultaneous Online Auction on January 20^th, 2024, 12 PM, at the Anita Community Center. 

The Auction will consist of (1) One Tract of 240.02 gross acre sold on an Absolute basis.  

Bidder Registration: All bidders must register with KILOTERRA and obtain a bidder number prior to the start of the auction to place a bid at the Auction. Online bidders must register with KILOTERRA and receive authorization 24 hours prior to the auction to participate. 

Online bidder registration is located at this web address: https://kiloterra.bidwrangler.com/ui

For assistance registering for online bidding, or for questions regarding this property, contact Land Specialist, Zack Wahlert at (515) 523-7747

Online Bidding Disclaimer: The use of online bidding does exhibit a risk due to internet outages, load time issues, responsiveness and other delays that can cause a problem with your ability to bid competitively with the live auction participants.  KILOTERRA is not liable for any interruption or other technology related issue that prevents a bidder’s ability to bid on this auction.

Earnest Money Deposit: A deposit in the amount of 10% of the gross sale price is required on the day of auction.  Earnest money must be made in the form of cash or check, payable to KILOTERRA Trust and will be held by KILOTERRA’s Trust Account until the day of closing.

Farm Lease and Payments: Terminated, effective March 1st 2023. Open for 2024 Crop Year.

Closing and Possession: Immediately upon Closing, Subject to Tenants Rights. Closing date shall be on or before February 27th, 2024

The balance of the purchase price is due at closing, in the form of cash, certified check or electronic wire transfer.  Closing will be performed by the Seller(s) Attorney. 

The winning bidder will have immediate possession upon closing, subject to tenant’s rights.

Agency Acknowledgement & Purchase Agreement: Immediately upon conclusion of the Auction, Winning Bidder(s) will sign an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Seller(s) and Winning Bidder is representing themselves. 

Contract and Title: Winning Bidder(s) will enter a Real Estate Sales Contract with the seller(s), which detail the terms of the sale as outlined herein.  Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit.  This sale is not contingent upon Buyer Financing Approval and will be considered a Cash Transaction. The seller will provide a current abstract at their expense.

Full legal descriptions will come from the abstract.  Gross sale prices will be calculated based on 240.02 gross acres.

Improvements: Improvements, such as but not limited to fences, buildings, terraces, tiling, grain bins, homes, structures, etc. are in “as-is condition” and will not be further improved, updated, or replaced by the sellers prior to closing.  Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer. 

Disclosures: This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist.  All property is sold on an “As is – Where is” basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRA’s agents, or the Seller.  Any announcements made day of Auction by the Auctioneer or Listing Agent(s) will take precedence over any previously published public marketing information.  Bidding increments are at the discretion of the Auctioneer and all decisions of the Auctioneer are final.

Disclaimers: Farm Program Information is provided by the United States Department of Agriculture (USDA) offices.  All field boundaries are taken from these and other sources believed by the seller and KILOTERRA to be accurate.  Values included in statements and or published marketing including but not limited to the conservation plan, gross acres, total crop acres, FSA acres, base acres, and CSR2 ratings, are believed to be reliable and are estimates by the seller and KILOTERRA.  However, it is expressed that this information is subject to change if/when the farm is reconstituted by the Dallas County FSA and NRCS offices and prospective bidders acknowledge that these values may vary from figures stated within marketing material or day of auction.

Prospective Bidders shall perform their own inspection of the property prior to bidding at the auction.