391.70 surveyed acres 4 tracts

Attention Farmers, Investors, and Country Acreage Buyers:

Be sure to mark your calendars for this high-quality tillable land auction, which also includes a very well-kept country home featuring numerous improvements.

This farm has been in the Jones family for many years and has received exceptional care. Any one of these tracts would make an excellent addition to your current operation. And if youve been looking for a home in the country, youll definitely want to take a close look at Tract 4.

Dont forget to save the date for this late-winter auction!

Also, selling farm equipment on February 12, 2026.

TRACT INFORMATION

Tract 1 - 155.22 Surveyed Acres

FSA office indicates 140.42 cropland acres.

CSR2 is 78.0 (tillable acres only).

Productive soil types include: Mahaska, Taintor and Ladoga.

This tract has been improved with several terraces and drop inlets.

Access is off of Morning Sun Rd. along the west side.

Tract 2 - 76.06 Surveyed Acres

FSA office indicates 60.76 cropland acres.

CSR2 is 70.2 (tillable acres only).

Productive soil types include: Mahaska and Otley.

This tract has been improved with several terraces and drop inlets.

Access is off of Morning Sun Rd. along the east side.

Tract 3 - 157.29 Surveyed Acres

FSA office indicates 134.4 cropland acres.

CSR2 is 72.0 (tillable acres only).

Productive soil types include: Ladoga, Colo, Hedrick and Givin.

This tract has been improved with terraces and drop inlets.

Access is off of Morning Sun Rd. in the northeast corner.

Tract 4 - Country Home and Improvements on 3.13 Surveyed Acres Description of home

2 story home having 2,525 sq. ft. with full basement.

4 bedrooms (1 downstairs, 3 upstairs).

2 full baths.

Nice eat-in kitchen with newer cabinetry and all appliances.

Large dining room and family room.

Nice sized xbonus room.

Attached one car garage Description of Machine Shed & Grain Bins

Wickes 50 x 72 machine shed with partial concrete.

Approximately 73,000 total bushels of storage.

(2) 36 storage bins.

(2) 30 storage bins.

(1) 30 drying bin.

Note: Use of the grain bins is being reserved until August 1, 2026.

METHOD & TERMS

The Jones Farm will be sold on a price per acre basis, based on surveyed acres. Tracts 1, 2 & 3 will be sold first and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all tracts, in any combination, for their high bid. Buyers Choice auctioning will continue until all three tracts have been sold. We will then sell Tract 4 last for a lump sum total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 45 days on or about March 30, 2026 upon delivery of a merchantable abstract and deed. The Real Estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing (except the grain bins on Tract 4). Subject to the Iowa Septic System Time of Transfer Law, the septic system on Tract 4 required testing, which has been completed and has passed the inspection. Any future septic system testing or upgrades will be at the buyers expense.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

Locally Known As The Bonnie Jones Farm

c/o Robert O. Jones, JR, Amy D. Leonard, Judy Sue Jones

E.E. Jones, LTD

Representing Attorney: Brian J. Helling | Aspelmeier, Fisch, Power, Engberg & Helling, P.L.C.

321 North Third Street, Third Floor, P.O. Box 1046, Burlington, Iowa 52601 | (319) 576-7515

Auction Manager: Jeff Hoyer (319) 759-4320