Virtual Online Auction
Sale Date: Wednesday, September 18, 2024
Sale Time: 10:00 AM CDT
Seller: Norma J. Heneke Estate
Ron Heneke | Renee Bodenschatz | Erich Heneke – Co-Executors
110± ACRES (SUBJECT TO SURVEY) • 3 TRACTS
OPEN HOUSE:
Tuesday, September 3, 2024
10:00 AM – 12:00 PM
The Heneke Farm is located in Sections 22 & 23, Bloomfield Township, Clinton County, IA 1.5 miles southeast of Delmar, IA (Delmar, IA is located 30 miles north of Davenport, IA). From Delmar, IA go south 1 mile on Co. Rd. Y60 (250th Ave.) to 130th St. Turn left or east and go ¾ of a mile to Tracts 1-3. Continue on 133rd Ave. a ¼ of a mile to 260th Ave., turn right or south and proceed a ½ mile to Tract 2.
Representing Attorney:
Caleb A. Peterson
Schoenthaler, Bartelt, Kahler & Reicks
123 N. Main Street
Maquoketa, IA 52060
(563) 652-4963
Auction Representative:
Jim Huff (319) 931-9292
John Probasco (641) 856-7355
AERIAL VIDEO
TRACT INFORMATION
TRACT 1 – 78± ACRES (Subject to Survey)
- FSA information indicates 76.79 acres of tillable cropland currently in row crop production.
- Highly productive Tama, Muscatine & Colo soils.
- CSR2 is 93.2!
- Access is on the east by 260th Ave.
TRACT 2 – 30± ACRES (Subject to Survey)
- FSA information indicates 28.44 acres of tillable cropland. There is 21.27 acres in row crop production and 7.17 acres that has recently been in CRP.
- Highly productive Tama & Colo soils.
- CSR2 is 88.9!
- There is a small amount of field drainage tile on this tract.
- Access is on the west by 260th Ave.
TRACT 3 – Country Home & 2± ACRES (Subject to Survey)
2585 130th Street | Delmar, IA 52037
- This tract is improved with large 2 story country home that offers 5 bedrooms, 1 bathroom and 1,680 sq. ft. of living area. The heat source is provided by GFA furnace and the water is provided by a well.
- Refrigerator, washer/dryer & LP tank is included with this tract.
- Other improvements includes a 24ft. x 48ft. storage building as well as several older structures.
- Access is on the north by 130th St.
METHOD
The Heneke farm will be sold in 3 individual tracts based on a survey that is currently in progress. Tracts 1 & 2 will be sold on a price per acre basis through the marketing method of “Buyer’s Choice”, whereas the high bidder has the privilege to take either or both tracts for their high bid. Tract 3 will be sold last for a lump sum total dollar amount. The tracts will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection.
TERMS
Ten (10%) percent of the bid price to be due on the day of the sale with the balance due in approximately 30 days, on or before October 21, 2024 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, DocuSign, or in person. The real estate taxes will be prorated to the date of closing. Possession on Tracts 1 & 2 will be given at the time of closing subject to a lease with the tenant. Full possession will be given on Tract 3 at the time of closing. Farm sells free & clear for the 2025 crop year. Subject to the Iowa Septic System Law and that this property is in an estate, Tract 3 is exempt of any septic upgrades. Any future septic system testing and upgrades will be at the buyers expense.
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.
