Virtual Online Auction
Sale Date: Tuesday, September 24, 2024
Sale Time: 10:00 AM CDT
Sellers: Sharon F. Sedore Estate
(Tanya Fordyce & Crystal Thompson, Co-Executors)
& Betty Lee
SOLD!!
$8,200.00/ ACRE
$612,212.00 TOTAL
74.66 TAXABLE ACRES
The Sedore & Lee Farm is located in Sections 23 & 24, Keokuk Township, Wapello County, IA (10 miles southeast of Ottumwa, IA or 7 miles northwest of Eldon, IA). From Eldon, IA go southwest on 9th St. to Co. Rd. J12 (River Rd.) turn right or northwest and proceed 6.5 miles to the farm.
Make plans now to participate in this upcoming Wapello County, IA Real Estate Auction. This farm offers tillable farmland with productive Coppock, Nodaway-Cantril and Colo soils and boasts a CSR 2 of 77.4. This parcel also features attractive hunting/recreational acreage.
Also selling personal property.
Representing Attorney:
Paul A. Zingg
Denefe, Gardner & Zingg, P.C.
104 S. Court Street
Ottumwa, IA 52501
(641) 683-1626
Auction Managers:
Russ Lamp (319) 212-0774
Jim Huff (319) 931-9292
BIDDING IS NOW LIVE!
AERIAL VIDEO
TRACT INFORMATION
- FSA information should indicate 48.25 acres of tillable cropland, currently in row crop production. The balance of the farm is in wooded draws and wood areas in the southern portion of the tract offering attractive hunting and recreational acreage.
- Coppock, Nodaway-Cantril & Colo soils.
- CSR2 is 77.
- Access is on the north by Co. Rd. J12 (River Rd.).
LARGE 2-STORY HOME & CORNER LOT
HOME SELLS AT 11:00 AM – VIRTUAL ONLINE!
Physical Address: 301 W. Elm | Eldon, IA 52554
- This tract is improved with a large 2-story home that offers 5 bedrooms, 1.5 baths and 2,273 sq. ft. of living area. The heat source is provided by a GFA furnace that includes central air.
- The home features a nice oversized front porch as well as a large deck on the rear of the structure, which would make great place for grilling and relaxing with friends.
- There is a very nice 18ft. x 56ft. detached garage that is heated and has a concrete floor. Attached to this structure is a lean-to-addition that has a .5 bath. This was used to operate a small business in the past.
- Situated on 76ft. x 132ft. corner lot.
METHOD
The Sedore-Lee Farm will be sold first based on the advertised and taxable acres on a price per acre basis. The Eldon, IA home will be sold next at 11:00 AM for a lump sum total dollar amount. 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 Friday, October 25, 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 will be given on the farm at the time of closing subject to a lease with the tenant. Farm sells free & clear for the 2025 crop year. Full possession will be given at the time of closing on the home located in Eldon, IA.
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.
