222.62 acres m/l Harrison County Iowa Land Auction

Sections 7 & 8 – Lincoln Township

Tuesday, May 13^th, 2025 @ 11am

Crew Center – 601 Snyder Road, Woodbine Iowa

Directions to the Farm:  From Woodbine Iowa, North on Panora Ave 9.3 miles.  Signs Posted

• Tract 1:  56-58 acres m/l subject to adjustment after survey
• Brief Legal: The N ½ NE ¼, except approximately 3 acres lying east of Panora Ave. and except approximately 10 acres to be surveyed with the house and outbuildings, all in Section 7, Township 81, Range 42, Harrison County, Iowa.
• Taxable Acres: Estimated at 66 acres, more or less, after subtracting approximately 3 acres in the NE ¼ NE ¼ east of Panora Avenue and approximately 10 acres with the homestead and outbuildings. Final acres and legal determined by survey.
• Tillable Acres: to be determined after the survey of the acreage
• CSR2: Estimated at 69.5 according to Surety Maps.
• Note: This tract includes land with a permanent, perpetual easement along Panora Avenue owned by Harrison County, Iowa.  This easement appears to be farmed by current tenant which accounts for the tillable acres being higher than the taxable acres.

• Tract 2:  73.4 acres m/l
• Brief Legal: The S ½ NW ¼ Section 8, Township 81 North, Range 42 West, Harrison County, Iowa, except the permanent easement owned by Harrison County.
• Taxable Acres: 73.4 acres per Harrison County Assessor.
• Tillable Acres: Estimated at 68.45 acres based on data from FSA.
• CSR2:  Estimated at 62.9 per Surety Maps.
• Note: This tract includes land with a permanent, perpetual easement along Panora Avenue owned by Harrison County, Iowa, which appears to be farmed by the current tenant.
• Tract 3:  81.37 acres m/l subject to adjustment after survey
• Brief Legal: The N ½ NW ¼ Section 8, Township 81, Range 42, and approximately 3 acres of the NE ¼ NE ¼ Section 7, Township 81, Range 42, Harrison County, Iowa.
• Taxable Acres: Estimated at 81.37 acres, more or less, after including the parcel located in the NE ¼ NE ¼ of Section 7, east of Panora Avenue. Final acres and legal determined by survey.
• Tillable Acres: Estimated at 45.51 acres per Harrison County Iowa FSA. The bases are currently combined with approximately 80 acres to the south (Tract 2), so the estimate is tentative.
• CSR2: Estimated at 71.8 on the tillable acres, based on Surety Maps.
• Tract 4:  1125 Panora Ave, Woodbine – 10 acres m/l subject to final survey and zoning approval
• Brief Legal: 10 acres, more or less, to be determined by survey, located in the NE ¼ NE ¼ Section 7, Township 81, Range 42, Harrison County, Iowa.
• Address:  1125 Panora Ave, Woodbine Iowa 51579
• Improvements: Home, outbuildings.
• Inspections:       Septic is exempt from time of transfer inspection.  Home and all outbuildings will sell in their “as-is, where-is” condition and is not being sold to any inspection contingencies.

Septic and Well info:

Well – 7-2-2020  414’ deep

Septic – 5-28-2021

                               1,250 tank, 210’ lateral

NOTE: Bases are currently combined.  Bases will be split by FSA after sale.

Possession – Tracts 1 – 3:  These tracts are subject to a cash rent lease for the 2025 crop year.  Seller to retain the 1^st half 2025 cash rent in the amount of $22,500.  Buyer of Tracts 1 through 3 will receive the 2^nd half of the 2025 cash rent on October 1^st, 2025 in the amount of $22,500 to be divided between the tracts based upon the tillable acres of each tract as follows:

Tract 1:  To be determined after the survey of the acreage

Tract 2:  68.45 acres (subject to final verification)

Tract 3:  45.51 acres (subject to final verification)

Tract 4 - to be determined after survey

Online bidding:  Parties interested in bidding online shall register at www.spencergroups.com and submit a bank letter of creditworthiness to the Spencer Groups office by contacting 712-644-2151.  Online bidder registration must be completed at least 48 hours prior to the auction.

Terms: This is an absolute auction, subject to Court Approval.  Your offer will be a cash offer with no financing or inspection contingencies.  Each tract sells in its “as-is, where-is” condition.  Buyer of each tract to sign a purchase agreement and place a 10% non-refundable earnest deposit in the Kohorst and Fischer Trust Account, where it will be held until closing. Sellers will provide an updated abstract on each tract.  Buyers shall have a title opinion rendered by their attorney of choice, at the buyers’ expense.  Each party will pay normal closing costs associated with closing a real estate transaction.

Closing:  Closing to be on or before June 30^th, 2025.  Closing date is firm and no extensions will be granted.

Agency:  Spencer Groups, INC/Ed Spencer Real Estate/Farms America, INC are agents for and represent the SELLERS in this transaction.  All bidders shall be considered customers, not clients.

Disclaimer:  Announcements made by the auctioneer at the time of the sale or emailed to registered bidders shall take precedence over any and all previously printed materials, or any oral statements made.  All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents. The property will be sold AS IS and without any warranties or representations, expressed or implied.  

Finken Family Heirs, Owners

Daniel P. Fischer, Referee

Kohorst & Fischer Law Firm, PLLC

Ed Spencer, Broker/Auctioneer 402-510-3276

Hannah Johnsen, Associate Broker/Auctioneer 712-592-9794

Luke Spencer, Agent/Auctioneer 402-510-5853

Spencer Groups, INC

322 E. 7^th St, Logan, IA 51546

www.spencergroups.com