Clayton/Delaware Co., IA - 599.01 Ac., m/l (010-2548)

Closed - Clayton/Delaware Co., IA - 599.01 Ac., m/l (010-2548)

599.01 Acres will be Offered in 8 Parcels!

Parcel 1, 2 & 3 sold for $16,100/Ac.; Parcel 4 Sold for 9,400/Ac.; Parcel 5 Sold for $7,500/Ac.; Parcel 6 Sold for $7,000/Ac.; Parcel 7 Sold for $10,000/Ac.; Parcel 8 Sold for $670,000 - Closed on 3/1/24

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Troy Louwagie, ALC

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Location Information

Hwy 3
Nearest City

Acreage Details: 599.01 (Acres, m/l)

599.01 acres, m/l, located near Edgewood, Iowa in Clayton and Delaware Counties will be offered in 8 parcels. 

These are high-quality farms with a mix of cropland, recreational timber, and an attractive ranch-style home along a hard-surfaced road.  See Individual Auction Items for details.

AUCTION TO BE HELD                   
Wednesday, November 15, 2023, at 10:00 a.m.
In-Person & Online
Edgewood Event Center
303 N Washington St.
Edgewood, IA 52042


ONLINE REGISTERED BIDDERS will receive their Bid # and additional property information via e-mail within 48 hours prior to auction.

Method of Sale
Parcels 1-7 will be offered by the Choice and Privilege Method, with the choice to the high bidder to take any individual or combination of parcels. Should the high bidder not select all available parcels, the contending bidder will have the privilege to select any or all remaining parcels at the high bid figure. Should the contending bidder elect not to purchase all the remaining parcels, the remaining parcels will be offered with another round of bidding. This process will repeat until all parcels are matched with a high bidder and price. Bidding on Parcels 1-7 will be on a "dollars per acre" basis. The final total purchase price will be calculated by multiplying the per acre bid amount times the number of acres per the auction brochure. Parcel 8 will be offered individually. Bidding on Parcel 8 will be on a "total dollars" basis. The final total purchase price will be based on the final bid, if accepted.
  1. Please note a complete and final series of Bidding Instructions that includes sale-specific terms and conditions will be available prior to each auction sale, and will be read by the auctioneer, prior to the start of bidding on the day of the sale. 
  3. This auction is open and public. Bids for the sale will be called from the auction site. Bids may come from persons in attendance on-site from where auction is being administered, persons bidding online, or over the phone.
  4. All bidders must be pre-approved by Hertz Farm Management/Hertz Real Estate Services (Hertz).
  5. Hertz reserves the right to deny registration of any bidder if there is a question as to the person’s credentials, intent, or fitness for bidding.
  6. Hertz represents the Seller(s) in this transaction.
  7. Bidding is not contingent upon financing, nor is it contingent upon any Buyer or Lender inspection.
  8. Minimum bid increments are at the discretion of the auctioneer throughout the auction.
  9. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
  10. The subject property is being offered under the sale-specific terms. Preliminary terms are provided in the printed and electronic versions of the auction brochure. Final terms will be provided prior to the beginning of bidding on the day of sale and will be included in the Real Estate Sales Agreement.
  11. The information in the auction brochure was obtained from sources deemed reliable, but Hertz, its licensees, and its employees make no guarantees as to its accuracy.
  12. Prospective bidders are urged to fully inspect the property prior to the auction and to rely on their own conclusions; doing so is the complete responsibility of each prospective bidder. Bidding is based solely upon bidder inspection and due diligence.
  13. All real estate and any improvements are being offered and sold on an “As-Is, Where-Is, With ALL Faults” basis, without any warranties or representations, express or implied, as to the fitness for a particular use, access, water quality or quantity, physical or environmental condition. Neither the Seller(s) nor the Auction Company are warranting any specific zoning classification, location of utilities, assurance of building permits, driveway permits, or water or septic permits.
  14. Any and all acreage figures, diagrams, and/or dimensions included in the marketing materials are based on information currently available but are not guaranteed.  All drawn property boundaries in the marketing materials are approximate.  Any soil productivity rating reference that is included in the marketing materials is based on the information currently available in the USDA/NRCS soil survey database, and these numbers are subject to change upon periodic update by USDA/NRCS.