Mildred E. Walljasper Trust

Tract 1 – Country Home & 16.94 Surveyed Acres
Physical Address: 2035 335th St. Salem, IA 52649

• This tract features a single story 3 bedroom ranch style home that offers 1,440 sq. ft. of living area, includes 2 baths and a large 2 car garage. Other improvements on this tract include a Morton 45’ x 72’ machinery storage building, a 42’ x 52’ hay/livestock barn, several grain bins as well as other usable outbuildings. This tract also features livestock holding areas, several with concrete, automatic livestock waterers and a 2+ acre stocked pond.
• Rathbun Rural Water is located on the tract.
• Access is on the south by 335th St.

Tract 2 – 143.06 Surveyed Acres

• FSA information should indicate approximately 139.32 acres of tillable cropland, currently in row crop production.
• Productive Pershing, Weller & Edina soils.
• CSR2 is 55.2.
• Rathbun Rural Water runs along the southern border of this tract.
• Access is on the south by 335th St. and on the west by Jewel Ave.

Tract 3 – 42.02 Surveyed Acres

• FSA information should indicate approximately 28.84  acres of tillable cropland, currently in hay production and improved pastureland. The balance of this tract is in  timber draws offering desirable recreational acreage.
• Keswick & Lindley soils.
• CSR2 is 32.4.
• This tract offers above average fences and Rathbun Rural Water is in close proximity.
• Access is on the south by Lexington Ave.

Tract 4 – 159.17 Surveyed Acres

• FSA information should indicate approximately 126.60 acres of tillable cropland, currently in row crop/hay production and improved pastureland. The balance of this tract is in wooded draws offering attractive recreational acreage.
• Keswick, Weller & Lindley soils.
• CSR2 is 40.
• This tract is improved with 5 ponds, several offering automatic livestock waterers and this parcel features above average fences.
• Access is on the northwest by 325th St., which is a Level B dirt road.
  Please read Henry County, IA road classification information.

Tract 5 – 40.46 Surveyed Acres

• FSA information should indicate approximately 35.74 acres of tillable cropland, currently in row crop production. The balance of the tract is in a wooded area in the northern portion and there is a small pond on the tract.
• Pershing, Weller & Clinton soils.
• CSR2 is 40.2.
• Rathbun Rural Water runs along the southern border of this tract.
• Access is on the south by 335th St.

Tract 6 – 40.60 Surveyed Acres

• FSA information should indicate approximately 33.05 acres of tillable cropland currently in row crop/hay production. The balance of the tract is in wooded draws offering attractive recreational acreage. There is a stocked pond and an older hay/livestock barn on the parcel.
• Clinton, Pershing & Galland soils.
• CSR2 is 38.4
• Rathbun Rural Water is in close proximity of this tract.
• Access is on the north by 335th St.

The Walljasper farm will be sold in 6 individual tracts based on a completed survey. Tract 1 will be sold first for a LUMP SUM total dollar amount. Tracts 2-6 will be sold next on a price per acre basis through the marketing method of “Buyer’s Choice”, whereas the high bidder has the privilege to take any or all 5 tracts for their high bid. Buyer’s Choice auctioning will continue until Tracts 2-6 have been sold. 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 30 days, on or before Thursday, October 10, 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 or DocuSign. The real estate taxes will be prorated to the date of closing. Full Possession will be given at the time of closing for the home on Tract 1. Possession on Tracts 2-6 will be given at the time of closing, subject to a lease with a tenant. Subject to the Iowa Septic System Law the septic systems on Tract 1 is exempt from any testing and upgrades. Any future septic system testing and upgrades will be at the buyer(s) expense. For questions, contact the auction company.

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.