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REAL ESTATE AUCTION - 240+/- ACRES OFFERED IN 6 TRACTS IN GRANT COUNTY, WISCONSIN

Grant County, Wisconsin

Owner: Stuart & Liz Abing/Echo Valley, LLC Tue, Aug 25, 6:00 PM

• 240+/- Acres offered in 6 Tracts • Plus 5 Cattle Tracts • Rolling Pastures • Productive Soils • Dairy Farm with Country Home • Hunting & Recreational • 180 Head of Dairy Cattle • 30 miles from Dubuque • 20 miles from Platteville • FARM EQUIPMENT AUCTION ON WEDNESDAY, AUGUST 26TH @ 10AM • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, August 4th from 1:00 - 4:00 PM
Saturday, August 15th from 1:00 - 4:00 PM
Monday, August 24th from 1:00 - 4:00 PM

Additional information about the property will be available. Meet a Schrader Representative at Tract 4.

PROPERTY LOCATION

From Lancaster, head West on Highway 35. In 3.8 miles, turn left on Sand Lane. Driveway will be 0.7 miles on the left.
30 miles from Dubuque - 20 miles from Platteville

AUCTION LOCATION

Held at the Holiday Gardens Event Center, 101 Brewery Hollow Road, Potosi, Wisconsin 53820.
Directions:
From US-61, drive 2.4 miles south on WI-133 towards Potosi and Holiday Gardens will be on your left.

TRACT DESCRIPTIONS

Tract 1: 40± ac with 30+/- acres tillable per FSA, consisting of predominately Fayette Soils. Road frontage on Sand Ln.

Tract 2: 40± ac with 25+/- acres tillable per FSA, and 10+/- acres of timber & pastureland. Great hunting & recreational potential. Frontage on Sand Ln.

Tract 3: 16± ac with 15+/- acres being tillable per FSA. Consisting primarily of productive Fayette loam soils with frontage on Sand Ln.

Tract 4: 24± ac A working dairy with a beautiful setting and a 5 bedroom, 1 bathroom country home. This tract features a double 8 milking parlor, 80 head free stall barn, 2 machine sheds, and a new 7,000 bushel grain bin.

Tract 5: 80± ac 40+/- acres tillable per FSA, and 40+/- acres of pasture & timber ground. Great for grazing or potential recreational & hunting. 66 ft. access easement to Sand Ln.

Tract 6: 40± ac SWING TRACT with 40+/- acres being tillable per FSA, and excellent soils. This tract must be combined with Tracts 3 or 4 or can be bid on by an adjoining landowner providing road frontage.

Tract 7: CATTLE TRACTS. Contact Sale Managers for More Information.

Tract 8: CATTLE TRACTS. Contact Sale Managers for More Information.

Tract 9: CATTLE TRACTS. Contact Sale Managers for More Information.

Tract 10: CATTLE TRACTS. Contact Sale Managers for More Information.

Tract 11: CATTLE TRACTS. Contact Sale Managers for More Information.


INTERACTIVE MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in individual tracts, in any combination of tracts (subject to swing tract limitations), or as a total 240+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price, subject to the Sellers acceptance or rejection.

CATTLE TRACTS: The cattle will be sold in groups as defined in Supplemental Information Books and website. Contact the Sale Managers for more information.

BUYERS PREMIUM: The contract purchase price will include a Buyers Premium equal to 4% of the bid amount.

DOWN PAYMENT: 10% Cash down payment at close of auction for individual tracts or combination of tracts. The down payment may be made in the form of Cash or cashiers check or a personal or corporate check immediately negotiable. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller will provide Warranty Deed(s).

EVIDENCE OF TITLE: The Seller agrees to furnish an Owners Policy of Title Insurance in the amount of the purchase price issued through Midwest Title Co., Lancaster.

CLOSING: The closing shall take place within 30 days after the auction day. Seller and Buyer shall share 50:50 the cost of closing.

POSSESSION: Possession at closing subject to farm tenants rights to the property through December 31, 2020. Immediate possession for hunting purposes avialable with an additional 10% down payment.

REAL ESTATE TAXES: The Seller shall be responsible for the taxes due for the calendar year 2020 and the Buyer shall be responsible for the taxes due for 2021 calendar year and thereafter.

SURVEY: Seller shall provide a survey for any tract where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller & Buyer shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.

MINERALS: 100% of the mineral rights owned by Seller shall be included with the sale of the real estate.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal description and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate & Auction Company, Inc., and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.