Online Only Land Auction
21153 Eastman Road, Glenwood, IA
Bidding Begins Monday, August 23rd @ 10am
Auction Closes Monday, August 30th @ 10am
Property will be open for inspection on Sunday, August 8th, Sunday, August 15th and Sunday August 22nd from 1-3pm.
FSA Info: Farm#711 Tract#1513
Farm has 15.07 cropland acres per FSA. Farm is currently in grass.
59.2 CSR2 per Surety Maps on Tillable, 40.3 CSR2 on entire property.
Taxes for 2019: $1394, to be prorated to date of closing.
Property features a 1 story home built in 1890 with 1584f.s.f, 3 bedrooms, 1 bath. 800sf. detached garage built in 1987. Property is in an estate and inspections are not required. Buyer will accept the property in it's "as-is" condition at the time of closing.
Buyer will receive full possession at closing.
CLICK HERE TO REGISTER AND BID
ALL BIDDERS MUST REGISTER AND SUBMIT A BANK LETTER OF CREDIT PRIOR TO BIDDING APPROVAL!
Your bid is not subject to financing. Bidders must go to www.spencerauctiongroup.com and click on the Online Auction Link. Register to bid, then contact the office at 712-644-2151 to submit your bank letter of credit. In the event that the Auction is disrupted for any fault of the auction software or website, the Sellers reserve the right ot suspend and reschedule the auction. Any updates after the day of bid opening shall be emailed to registered bidders.
Acceptance of Bids: Sellers shall have until 5pm on August 30th, 2021 to accept or reject the final bid on the auction. If the final bid is accepted, buyer shall immediately sign a purchase agreement and place a 10% non-refundable deposit in the Kohorst and Fischer Law Offices Trust Account by wire transfer, where it will be held until date of closing.
SEller will provide the buyer with an updated abstract the day of the auction. Buyer to have a title opinion completed by an attorney at the buyer's expense. Each party shall pay normal costs associated with closing a real estate transaction. Closing to take place on or before September 30th, 2021.
Spencer Auction Group/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.
Contact Ed Spencer, Broker for more information at 402-510-3276