Tract 5 of 5
| Date | February 12, 2026, 1:00 pm (America/Chicago) |
|---|---|
| Tracts | 1 of 5 |
| Type | Live with online bidding |
| Tract Status | Active |
| Auction Location | The Gathering Grounds, 2125 IA-5, Bussey, IA 50044 |
Tract 5 of 5
Description
Tract 5 - 43± acres and house with outbuildings:
This 43± acre tract offers a complete home-based setup for an agricultural producer, featuring a ranch-style home, multiple outbuildings, and functional acreage. The 2BR/2.5BA residence is set back a comfortable distance from the paved surface of 310th Street and sits above a small pond, creating a quiet, practical setting. A concrete-floor garage and a separate concrete-floor shop provide ample space for storage, maintenance, and daily operations. Two machine sheds and additional outbuildings support equipment storage, livestock needs, and general farm use. This tract stands alone as a well-equipped rural headquarters with established infrastructure in place.
- 43 acres± with pond, pasture, and hay fields
- 2,632 sq ft home with a concrete patio, built in 1989, 2 bed, 2.5 bath
- 30x40 garage built in 1972
- 48x42 shop with concrete floor
- 100x48 north shed
- 80x48 south shed
- 30x30 livestock building
- 36x20 building
- Taxes are estimated between $2,400 - $2,800 after the county assessor splits off the home acreage
Terms of Sale
BUYERS PREMIUM: No Buyers' Premium or internet fees
TAXES: Prorated to date of close
TENANCY: Open tenancy for 2026
RENTS: 2026 Cash rent paid to buyer/CRP prorated to date of close
MINERALS: Seller-owned rights will convey
CLOSING COSTS: Seller is responsible for the survey, abstract, deed package preparation, revenue stamp tax, real estate commission, and half of the closing fee. Buyer is responsible for the title opinion, the transfer document recording, and half of the closing fee.
CLOSING DATE: On or before 30 days from seller acceptance
DOWN PAYMENT: 10%
POSSESSION DATE: Buyer to have possession at closing, must transfer the CRP contracts within 60 days of closing.
SURVEY: Seller will have the 43-acre Tract 5 surveyed
SELLER: Rober and Verdadean Allen Estate
SALE ORDER: Tract 1 thru 4 by the acre, Tract 5 by the whole dollar
SALE METHOD: Sells subject to seller acceptance
Licensing
Ranch & Farm Auctions is a licensed trade name of Whitetail Properties Real Estate LLC
Richard F Baugh, Iowa Broker License # B57515100
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Ben Harshyne, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 319.853.1162
Cody Lowderman, IA Auctioneer, B64012000
