James Miller Estate

Tract 1 • 54.44 acres± (subject to survey) 

• FSA maps should indicate 51 cropland acres
• Givin, Mahaska & Clinton soils
• CSR2 is 80.8
• Improved with tile
• Seller shall retain the first half of the cash rent for 2026. A credit off the purchase price will be provided to the Buyer(s) at closing for the remaining second half rent payment. Seller shall serve the required farm termination notice to the tenant, therefore the land will be selling free and clear for the 2027 farming season.
• Cash rent is $220 per acre
• Access has been on the southwest by US 61 however this is not a legal access the buyer will need to apply for an entrance permit through the Des Moines County Secondary Road Department. For more information: https://desmoinescounty.iowa.gov/files/permits/entrance_permit_13736.pdf

Tract 2 • 2 story home & 2.3 acres± (subject to survey)
Physical Address: 14028 US HWY 61 | BURLINGTON, IA

• This tract is improved with an attractive 2 story home that offers 2 bedrooms (potential to add up to 2 more bedrooms), 2 bath with 2,136 sq. ft. of living area
• The refrigerator, stove, washer and dryer, propane tank and air compressor will be included
• Central Air
• Improvements of the property include a 72ft.x28ft. machine shed, 90ft. x 40ft. machine shed and 50ft.x40ft. open side shed
• Rathbun Rual Water
• Conveniently located just north of West Burlington, IA or 9.5 miles south of Mediapolis, IA
• Access is on the west by US 61

All bidders are advised that:

• The easement runs with the land.
• The easement will remain in place after closing.
• The easement benefits the retained tract and burdens the applicable portions of Tract 1 and/or Tract 2 as shown on the Plat of Survey.

Prior to closing on Tracts 1 and 2, the Estate will establish a Maintenance Agreement with the purchasers of governing the maintenance obligations of Tracts 1 & 2, along with the Estate’s retained tract not being sold.

The Maintenance Agreement will:

• Outline the responsibilities for upkeep, repair, and maintenance of the easement area.
• Allocate cost‑sharing obligations among the owners of Tracts 1, 2, and the retained tract.
  • The Retained tract will retain responsibility of upkeep and repair of the area starting at the homestead, West.
  • The area from Highway 61 through the homestead drive will be shared by the parties.
• Ensure that all parties understand their long‑term obligations regarding the shared access.

A draft of the Maintenance Agreement will be made available to the successful bidders prior to closing.

By bidding on Tract 1 or Tract 2, all bidders acknowledge:

• They have been informed of the existing easement benefiting the retained tract.
• They understand that a Maintenance Agreement will be executed prior to closing.
• They accept title subject to the easement and the terms of the Maintenance Agreement.

The James Miller Estate will be sold in 2 individual tracts based on surveyed acres. Tract 1 will be sold on a price per acre basis. Tract 2 will be sold next for a lump sum 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.

Ten (10%) percent of the bid price to be due on the day of the sale with the balance due in approximately 45 days, on or before Monday, August 10, 2026 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. Full possession will be given at the time of closing. The farm will sell free & clear for the 2027 crop year. Full possession will be given at the time of closing for Tract 2. Subject to the Iowa Septic System Law the septic systems on Tract 2 is exempt from any testing and upgrades. Any future septic system testing, and upgrades will be at the buyer(s) 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.