Poweshiek County, IA Land Auction - 200± Acres, 3 Tracts

Farm Auction in 5268 200th Street Deep River, IA 52222, Deep River, Iowa, United States

14 Monday
14th December, 2020

Poweshiek County, IA Land Auction - 200± Acres, 3 Tracts

Farm Auction in 5268 200th Street Deep River, IA 52222, Deep River Iowa, United States

Monday at - 14th December , 2020



200± Acres in Poweshiek County, Offered in 3 Tracts! For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944

Poweshiek County, Iowa Land Auction



Land is generally located 3 ¾  miles south of Deep River on Highway 21, then 2 miles west on 530th Avenue.


Bidding Opens: Monday, December 7     

Bidding Closes: Monday, December 14, 2020 at 1PM


200 Acres M/L – Sells in 3 Tracts

Farm is Rented for 2021!  100% Cash Rent to the Buyer(s)

79.4 CSR2 with Windmill Income!


Tract #1 – 120 Acres M/L

FSA indicates: 113.31 HEL acres tillable.
Corn Suitability Rating 2 is 79.4 on the tillable acres.
This farm has a windmill lease agreement. Available to view online.
Buildings include: 60’x52’ barn with newer steel roof & siding, 30’x60’ machine shed, 26’x40’ garage.
Bins include: (1) 4,500 approx. bu. bin. and (3) 3,400 approx. bu.
Located in Section 30 of Deep River Township, Poweshiek County, Iowa.

Not included: LP tank, Farm Equipment

Tract 1 - Real Estate Taxes:

Gross                   $3,610.88

Ag. Credit              ($124.32)

Net (Rounded)     $3,488.00


View Tract 1 Soil Map

Tract #2 – 40 Acres M/L

FSA indicates: 38.7 HEL acres tillable. Combination farm with 20.56 acres in row crop production and 18.14 acres being used for pasture.
Corn Suitability Rating 2 is 77.9 on the acres in row crop production.
There is an older building on this tract.
Located in Section 29 of Deep River Township, Poweshiek County, Iowa.

Not included: Livestock equipment, Attached fencing & gates of tenant’s

Tract 2 - Real Estate Taxes:

Gross                   $1,015.37

Ag. Credit                ($36.32)

Net (Rounded)        $980.00


View Tract 2 Soil Map


Tract #3 – 40 Acres M/L

FSA indicates: 33.64 HEL acres tillable.
Corn Suitability Rating 2 is 62.5 on the tillable acres.
Located in Section 32 of Deep River Township, Poweshiek County, Iowa.

Tract 3 - Real Estate Taxes:

Gross                      $861.48

Ag. Credit                ($31.29)

Net (Rounded)        $830.00


View Tract 3 Soil Map


View Windmill Contract

View FSA Information

Terms: 10% down payment on December 14, 2020. Balance due at final settlement with a projected date of January 28, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: January 28, 2021. (Subject to tenant’s rights)

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.


Special Provisions: 

  • This online auction will have a buyer’s premium of $1,000 per Tract.  This will be added to the bid amount to arrive at the total contract purchase price.
  • The multiplier used to determine the total bid amount for the Tracts will be the Assessor’s gross acres.  Seller shall not be obligated to furnish a survey on any Tracts. 
  • Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
  • Tracts will be tied together and the bidding will be set to close simultaneously.  Each Tract will stay in extension until there are no more bids placed on any of the Tracts that are tied together.
  • The farm is rented for the 2021 farming season.  The tillable cash rent includes the use of the machine shed, barns & building & 4 grain bins.  The tillable cash rent is due March, 2021 and December, 2021.  The tenant will pay the cash rent to the buyer as follows: 

    - Tract #1 - $225 x 113 acres = $25,425.

    - Tract #2 - $225 x 20.5 acres = $4,612.50.

    - Tract #2 – Pasture rent of $1,150 is due December, 2021

    - Tract #3 - $225 x 33.5 acres = $7,537.50. 

  • It shall be the Buyer(s) responsibility to serve tenants notice prior to September 1, 2021, if so desired.
  • Tract #1 has a windmill lease agreement. Copies of agreement will be available to view online.
  • If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
  • It shall be the obligation of the buyer to report to the Poweshiek County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. 
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
  • The Buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
  • The Buyer(s) will be responsible for installing his/her own entrance, if needed or desired.
  • If in the future a site clean-up is required it shall be at the expense of the buyer.
  • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
  • The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.


Bradley L. Rodriquez & Darleen Sarvis Declaration of Trust


Brian J. Kane - Attorney for Sellers


For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944



TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.

International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    

WEBSITE ADDRESSES (ONLINE & ONLINE ONLY) www.steffesauctioneers.com   www.IQBID.com    


Steffes Auctioneers Inc.

2000 Main Avenue East

West Fargo ND 58078-2210

Phone: (701) 237-9173(701) 237-9173

Toll Free: (800) 726-8609(800) 726-8609

Fax: (701) 237-0976

E-Mail: [email protected]  [email protected]


Scott Steffes ND81 & MN14-51

Bob Steffes ND82 & MN14-09

Brad Olstad ND319 & MN14-70

Clark Sather ND463 & MN54-05      


Scott Steffes, Broker

Rodney Steffes, Licensed Sales Associate

Geri Paul, Licensed Sales Associate

Ashley Huhn, Licensed Sales Associate    


Steffes Auctioneers Inc

24400 MN Highway 22 South

Litchfield, MN 55355

Phone: (320) 693-9371(320) 693-9371  

Fax: (320) 693-9373

Email: [email protected]

[email protected]

[email protected]

[email protected]


Eric Gabrielson, MN47-006, ND890

Ashley Huhn, MN47-002, ND843

Randy Kath, MN47-001, ND894


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