HAMILTON COUNTY, IA LAND AUCTION - PATTERSON

LOCATION Hamilton County, Iowa Land is located in Section 21, T86N-R26W, Marion Township, Hamilton County, Iowa. Land is generally located 5 miles southeast of Stratford, IA or 13 miles north of Boone, IA. SELLER Patterson Family Farm MANAGED BY Tim Meyer (319) 750-1233 Nate Larson (319) 931-3944 Jim Huff (319) 931-9292 GENERAL INFORMATION 155.92 acres 2 tracts Farmers and investors mark your calendars now for this north central Iowa land auction! These highly productive farms include Kossuth, Bode, Guckeen soils and boast CSR2 of 83.5. These tracts are improved with several areas of field drainage tile and tract 2 includes 2 storage buildings as well as 2 late model grain bins. This is an auction that you will not want to miss! TRACT INFORMATION Tract 1 - 80.00 taxable acres FSA information should indicate 77.85 acres of tillable cropland, currently in row crop production. Highly productive Kossuth, Bode & Guckeen soils. CSR2 is 83.5! This tract is improved with several areas of field drainage tile. Access is on the east by Fenton Ave. Tract 2 - 75.92 taxable acres FSA information indicates approximately 72.41 acres of tillable cropland, currently in row crop production. The balance of the tract is in a building site. Productive Kossuth, Guckeen & Clarion soils. CSR2 is 78.7. This parcel is improved with a 40 x 60 storage building, a 50 x 100 storage building and approximately 21,500 bu. of grain storage. This tract is improved with several areas of field drainage tile. Access is on the east by Fenton Ave. METHOD & TERMS The Patterson Family Farm will be sold on a price per acre basis, based on taxable advertised acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will then be sold. 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 75 days on or about January 5, 2026 upon delivery of a Merchantable Abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Early possession will be granted for fall tillage purposes with proof of liability insurance. Full possession will be given at the time of closing. Farm sells with full farming rights for the 2026 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. Representing Attorney: Jason S. Hyland | Brekken Wynia & Hyland P.C. 523 Broad Street, Story City, IA 50248 | (515) 733-4377 Auction Managers: Tim Meyer (319) 750-1233 Nate Larson (319) 931-3944 Jim Huff (319) 931-9292