Auction Note

Don't miss this opportunity to purchase 218.17 +/- acres of productive Appanoose County, IA farmland offering an outstanding combination of income-producing cropland, recreational opportunities, and long-term investment potential. Beyond its farming potential, this property offers exceptional recreational appeal. Multiple wooded draws, two ponds, and abundant wildlife create outstanding hunting opportunities. The timber provides excellent habitat for resident whitetail deer and wild turkey, making this an ideal property for both agricultural investors and outdoor enthusiasts. Whether you're looking to expand your farming operation, secure a quality land investment with immediate income, or purchase a property that combines productive farmland with exceptional recreational opportunities, this Appanoose County farm deserves your attention!

Property Highlights

• 218.17 +/- Total Acres
• 170 +/- Crop Acres
• Current Annual Rental Income: $40,800
• Farm Lease Expires: December 31, 2026
• Average CSR2: 44.8
• Terraced and Tiled Cropland
• Two Ponds
• Mature Wooded Acreage
• Excellent Deer and Turkey Hunting
• Outstanding Combination of Income, Recreation & Investment Value
   

Auctioneer's Note – Recorded Right of First Refusal

Prospective bidders are hereby notified that the Appanoose County, Iowa property being offered at auction is subject to a recorded Right of First Refusal.

Under the recorded agreement, if the Seller accepts an offer to purchase the property, the holder of the Right of First Refusal ("Grantee") has the right to purchase the property on the same terms and conditions as the accepted offer. The Seller is required to provide the Grantee with a copy of the executed purchase offer, and the Grantee has fifteen (15) days after receipt of that offer to exercise the Right of First Refusal in writing.

If the Grantee does not exercise the Right of First Refusal within the fifteen (15) day period, and the Seller conveys the property to the original purchaser within ninety (90) days on the same terms and conditions, the Right of First Refusal shall automatically lapse and become null and void, as provided in the recorded agreement.

The auction will be conducted in accordance with the Terms and Conditions published in the auction catalog. All bidders are encouraged to read and understand those terms prior to bidding.

The successful high bidder at the auction will be required to immediately enter into the Seller's standard Real Estate Purchase Agreement and submit the required 10% earnest money deposit at the time of contract signing.

If the holder of the Right of First Refusal timely exercises their right to purchase the property under the recorded agreement, the purchase agreement with the successful auction bidder will be terminated, and the bidder's earnest money deposit will be returned in full. Neither the Seller nor Pifer's Auction & Realty shall have any further obligation to the successful auction bidder other than the return of the earnest money deposit.

By registering and bidding at this auction, all bidders acknowledge that they have received this disclosure and agree to bid subject to the recorded Right of First Refusal and all published Terms and Conditions of the auction.