Sealed Bid Auction – Poweshiek County

Description: Unique Opportunity | 28.25 acres of timber located adjacent to Lake Ponderosa, to be sold via sealed bid auction. Proximity to the lake opens the door to a variety opportunities. The sellers, our Veterans from the American Legion Blakely Stevens Post 169, intend to use the funds from the sale to construct a much-needed, new lodge facility. Don’t miss your chance at this once in a lifetime opportunity!

Bid Submission Process: To be considered, all sealed bids should be made and delivered to:

Iowa Land Sales & Farm Management | P.O. Box 321 | Montezuma, Iowa, 50171

on, or before Monday, December 14, 2020 by 12:00 Noon, CST. Top bidders will be invited to review and raise bids on December 16, 2020 at 1:00 CST at the American Legion Post, 205 East Main Street, Montezuma, Iowa, 50171.

Click here to view more information, maps and photos. 

Seller: American Legion Blakely Stevens Post 169

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Property Location

Sales Terms & Announcements

Method: Property will be offered for sale as an individual tract. Iowa Land Sales and its representatives are acting as agents of the seller. Bidding increments solely at discretion of the auctioneer. Final sale is subject to approval or rejection by seller. Seller reserves right to refuse any and all bids.

Contract & Earnest Payment: A 10% earnest money payment is required on the day of the auction. Earnest payment may be paid in the form of cash or check. High bidder will enter into a real estate contract immediately upon the conclusion of the auction and deposit with Iowa Land Sales the required earnest payment. All funds will be deposited and held in the Iowa Land Sales trust account. Bidding not contingent on buyer financing.  If the Buyer fails to fulfill the terms of the Purchase Agreement to be executed on the day of the sale, Seller may forfeit the Agreement, and all payments made by Buyer shall be forfeited, including earnest money.

Closing & Possession: Closing will occur on or about January 22, 2021. Balance of purchase price payable in cash or guaranteed check at closing. Possession will be granted to the buyer at closing, subject to the possessory rights of tenant for the 2021 crop year.

The Purchase Agreement must be executed by the actual buyer or the legal representative of the Buyer on the day of the sale. In the event a potential Buyer cannot attend the auction, said Buyer can send a representative to the auction. Said representative must be registered with the Broker at least two (2) business days prior to the auction, along with a copy of a valid, signed Power of Attorney. Limited power of attorney forms are available upon request from the Broker. The Purchase Agreement cannot be assigned by Buyer without Seller’s written consent.

Announcements: All property is sold on an “As is, Where is” basis. No warranty or guaranty, either expressed or implied, is made by the auctioneer or seller. Sale is subject to all covenants, leases and easements of record. Conducting inspections and due diligence is the responsibility of each bidder and at their own risk. Announcements made on the day of the sale take precedence over previously printed information or oral statements.

Disclaimer: Iowa Land Sales obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisers should conduct your own investigation of the property and transaction.