VAN BUREN COUNTY, IA LAND AUCTION - WATSON

The Watson Farm is generally located 3 1/2 miles northeast of Stockport, Iowa, or 3 1/2 miles northwest of Hillsboro, Iowa. The farm is further described as being located in Sections 2, 3, 10 & 11, Cedar Township, Van Buren County, Iowa. To access all four tracts, proceed east out of Stockport, Iowa 2 1/2 miles on 130th Street to Vine Avenue (W-40), then turn left or north, go 1 mile to 120th Street, then turn right or east, go 1/2 miles to Violet Avenue then turn left or north 1 mile to the farm. Be watching for pre-sale auction signs. Physical Address for Tract 4: 31525 110th Street, Stockport, IA 52651-8006 274.8 acres 4 tracts FARMERS, OUTDOOR ENTHUSIASTS, HOME BUYERS!! Mark your calendars now for this upcoming summer land auction. The Watson farm is situated in historic Van Buren County, Iowa, which offers rural county living at its best. Choose what best fits your needs from row crop farming and CRP income producing land to heavily wooded timber offering outstanding hunting and recreational activities. Also, Tract 4 of the Watson Farm features a comfortable home and several outbuildings on a secluded county maintained gravel road. Don't miss this opportunity to purchase a combination of tracts, or the entire farm, this summer and be settled in for the always highly anticipated fall season! TRACT INFORMATION Tract 1 - 68.24 Surveyed Acres FSA information should indicate 43.38 cropland acres of which all are enrolled in CRP under 2 separate contracts as follows: 16.80 acres of CP25 at $187.32 per acre expiring 9-30-2027 and 26.58 acres of CP38E-4D at $142.00 per acre expiring 9-30-2030 Productive soil types include Weller and Pershing CSR2 is 53.9 (tillable acres) The balance of this tract is wooded draws Access is along the west side off of Violet Avenue Tract 2 - 130.15 Acres This entire tract is wooded timber Big Cedar Creek borders this farm on the north side Mature hardwood trees are abundant and offer outstanding hunting and recreational opportunities Access is at the northwest corner off of 105th Street. (Note - 110th Street on the south is a vacated county road) Tract 3 - 74.00 Taxable Acres FSA information should indicate 33.12 cropland acres currently in row crop / hay production Productive soil types include Pershing and Weller CSR2 is 59.8 (tillable acres) The balance of this tract is wooded timber Access is along the west side off of Violet Avenue Tract 4 - 2.41 Surveyed Acres Country Home & Outbuildings This tract features a 1,572 sq. ft. 1 story 3 bedroom home with an eat-in kitchen, dining room, large living room and full bath Outbuildings consist of a newer 36 x 36 pole barn, 20 x 48 detached garage/workshop, 3 smaller utility buildings and an older barn Home has central air, gas forced air heat, is serviced by RRWA and has a partial basement This acreage will have plenty of room to allow for livestock, gardening, plenty of storage and room to run! Physical Address for Tract 4: 31525 110th Street, Stockport, IA 52651-8006 METHOD & TERMS The Watson Farm will be sold on a price per acre basis, based on surveyed/taxable acres. Tracts 1, 2 & 3 will be sold first and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all tracts, in any combination, for their high bid. Buyers Choice auctioning will continue until all three tracts have been sold. We will then sell Tract 4 last for a lump sum total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction. 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 45 days on or about August 10, 2026 upon delivery of a merchantable abstract and deed. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing (except the tillable acres on Tract 3. Possession of these acres will be given upon completion of harvest and/or the 2026 growing season). Subject to the Iowa Septic System Time of Transfer Law, the septic system on Tract 4 will require testing, and will be the buyers responsibility. Any necessary upgrades or future septic system testing will be at the buyers expense. 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. Locally known as The Keith Watson Farm Sieglinde Watson Trust Sieglinde Watson, Trustee Anita Hurley, POA Representing Attorney: Kelly Lynch | Lynch Law Office 718 1st Street, Keosauqua, IA 52565 | (319) 293-3306 Auction Manager: Jeff Hoyer (319) 759-4320