LEE COUNTY, IA LAND AUCTION - SMITH

Thursday, October 1, 2026 - 10:00 AM Central Auction to be conducted as a live, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161 LOCATION Lee County, Iowa The Steve Smith farm is located ins Section 30, West Point Township, Lee County, IA. From West Point, IA go south on Co. Rd. X23 a ½ mile to Burt Rd. Turn right or west and proceed west/ southwest 2 miles to 225th Ave., turn left or south and go 1½ miles to the farm. (Be watching for presale directional signs) SELLER Steven C. Smith MANAGED BY Jim Huff (319) 931-9292 GENERAL INFORMATION 144 acres± (subject to survey) • 1 tract Lee County, IA land buyers save the date now for this very diversified property. This farm offers a great combination of productive tillable cropland, pastureland and attractive hunting/ recreational acreage that sells with full farming rights for the 2027 crop year. We look forward to your participation in this auction! TRACT INFORMATION FSA information should indicate approximately 70.10 acres of tillable cropland that is currently in row crop production. The balance of the tract is in pastureland and wooded draws. Soils include Clinton, Nodaway & Lawler. CSR 2 is 55 (64.2 on the tillable acres). There is an approximately 1-acre pond located on the property. Access is on the north by Golden Rd. METHOD & TERMS The Smith Farm will be sold in one tract on a price per acre basis, based on the survey that is currently in progress. Said surveyed acres will constitute the final settlement price. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about November 2, 2026 upon delivery of a merchantable abstract and deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at closing subject to a lease with the tenant. Farms sells with full farming rights for the 2027 crop year. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold “AS IS”. Steven C. Smith Representing Attorney: Elaine Fehseke Gray Fehseke & Gray Law Office 1023 Ave G, Fort Madison, IA 52627 (319) 372-7181 Auction Manager: Jim Huff (319) 931-9292