Lenox, IA 50851(Taylor County)

Description: Very well cared for farm home with improvements. The home is a two story American 4 square home with 5 bedrooms and one bathroom. Home has been well cared for with updated vinyl siding and replacement windows. Four bedrooms upstairs and one bedroom on main level. Home was built in 1933 with the garage addition built in 1978. Home is on a septic tank, new owners will be responsible for updating tank to current requirements. However, the current owners will allow $10,000 to assist with the septic system update. Home is serviced by two wells on property with public water available at the road should new owner wish to hook up. Also in addition, the home offers a breezeway/mudroom separating the two car attached garage from the house. Home has been upgraded over the years including but not limited to vinyl siding, replacement vinyl windows, seamless gutters, Lenox high efficiency gas furnace, high efficiency electric water heater, whole home water softner system and updated bath on the main level.

Grain Storage: Property offers 6 grain storage bins. Grain storage bin 5800 BU, Grain storage bin 3600 BU, Grain storage bin w drying floor and stir 5000 BU, Grain storage bin w drying floor 3900 BU, Grain storage bin 3600 BU, Grain storage bin DR/FL/STIR 9860 BU Total grain storage est 31,760.

Metal Buildings: Property offers two metal buildings. Both being recorded at 40x72. One building is fully enclosed and offers partial concrete floor (app 40x30 concrete slab). This building has electricity and also offers a roll up door and three sliders for easy access. The second building is an open faced metal building with electricity. Nice solid building with good lumber and metal on it. Both buildings metal roofs less than 8 years old.

Corral & Pasture: With app 10.09+/- acres, home also offers some pasture with fence for livestock.

Terms:

Bidding Open October 13th through October 17th at 10AM.

Closing Date: November 21, 2025

Farm is open for the 2026 farm season. There are no farm or hunting leases in place for 2026. Buyer to receive full possession of farms, home and metal buildings at time of closing. Subject to tenants rights to remove growing crops. Buyer to receive possession of Grain Storage bins by March 15, 2026

Bidding will end with a soft close, meaning that a bid in the final minutes will extend the bidding by approximately 2 minutes.

Tracts 1, 2 & 4: All bids are placed on a per acre basis (your bid times the total acres). Bidders will be required to register and sign terms/conditions before bidding on the auction. Tract 3 will be sold based on a total dollar amount.

The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.

United Country Property Solutions LLC must receive a signed copy of the contract (hand delivered, faxed, or scanned and emailed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.

The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns.

This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such reason. Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit. Sale is non-contingent; failure to close will result in forfeiture of the earnest money. Buyer must secure their own necessary financing approval prior to the auction. Sale is subject to owner confirmation and reserves the right to accept or reject any and/or all bids.

The property is sold As Is, Where Is and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding. Sellers and/or the Auction Company do not guarantee acres.

Taxes due and payable beyond March 31, 2026 will be the sole responsibility of the new owners. Seller shall provide an updated Abstract and shall execute a proper deed conveying the real estate to the buyer.

Attorney for the sellers: Matthew Hanson located in Lenox Iowa. Brokerage for the sellers: United Country Property Solutions LLC broker Dan McChristy. United Country Property Solutions LLC are exclusive agents for the Sellers.

Sale shall include all mineral rights owned by the seller if any. Property is sold based on the legal description (survey for tract 3 will be provided by sellers). All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement.

Under no circumstances shall Bidder have any kind of claim against United Country Property Solutions LLC, Sellers, or any party if the Internet service fails to work correctly before or during the auction. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.

Sellers to retain 100% of CRP payment due and payable October 1, 2025. New owner to receive 100% of CRP payment due and payable October 1, 2026 and beyond.

Bid Increments:

Tracts 1, 2 & 4 Bid Increments

Starting at $0 bid increment is $500 per acreStarting at $3,000 bid increment is $250 per acreStarting at $4,000 bid increment is $100 per acre

Starting at $5,000 bid increment is $75 per acre

Starting at $6,000 bid increment is $50 per acre

Starting at $7,000 bid increment is $25 per acre

Tract 3 (Homestead) Bid Increments

Starting at $100,000 bid increment is $10,000

Starting at $200,000 bid increment is $5,000

Starting at $250,000 bid increment is $2,500

Starting at $300,000 bid increment is $1,000

Starting at $350,000 bid increment is $500