Timed Online Auction
Auction Closes: Thursday, October 23, 2025 at 10:00 AM CST
DOWNLOAD SALEBILL HERE
Seller: Joyce L. McLearn Estate
Executor: Connection Bank
Tract 1:
Selling a 3 bedroom, 2 bath home located at 300 N 1st Street in Montrose, Iowa. This single story, 1,489 sq. ft. home was built in 2006 and features an open kitchen, living room, dining room area with vaulted ceilings and large windows with a view of the Mississippi river. The home has an oversized attached garage w/ a separate workshop, large entryway, a full unfinished basement, central air and cement patio located on a hard surfaced road. Make plans now to attend the open house viewing on Tuesday, October 14th from 2-5PM.
Tract 2:
40 taxable acres located in Section 4 T66N-R5W, Montrose Township, Lee County, Iowa. FSA indicates this farm has 40.23 acres of tillable land with an average CSR2 of 43.9.
Tract 3:
9.95 taxable acres located in Section 3 T66N-R5W, Montrose Township, Lee County, Iowa. FSA indicates this farm has 8.92 acres of tillable land with an average CSR2 of 43.6.
Representing Attorney:
Laura Krehbiel
712 Orchard St.
Donnellson, IA 52625
Auction Representative:
Terry Hoenig 319-470-7120
TERMS & CONDITIONS of the AUCTION:
Terms: 10% down payment shall be made on October 23, 2025. Balance due at closing with a projected date of
December 15, 2025, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 15, 2025. (Subject to tenant’s rights on the tillable land)
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax
statement. Seller shall pay any unpaid real estate taxes payable in prior years.
Special Provisions for All Tracts:
• Termination on the tillable ground (Tracts 2 & 3) has been served by the seller to the tenant. Land is selling free and
clear for the 2026 farming season.
• It shall be the obligation of the buyer(s) to report to the Lee County FSA office and show
filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Any future
government programs. Please note that the final tillable acres will be determined by the FSA office.
• Seller shall not be obligated to furnish a survey.
• This auction sale is not contingent upon Buyer obtaining financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the
deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract
and deed. (husband & wife constitute one buyer)
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and
easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are
familiar with the premises. The buyer(s) are buying this real estate in its “as is” condition and there are
no expressed or implied warranties pertaining to the real estate.
• Hoenig Auctions is representing the Seller in this transaction.
• Any announcements made the day of sale take precedence over any advertising.
