Sold
MULTI-COUNTY County, IA,
755.89 Acres M/L
Iowa Highway 210, County Highway R18, & County Highway E62
Woodward, IA 50276
Price | |
Listing | #17497 |
Property Info
Description
Major Boone & Dallas County, Iowa Land Sale – High-Quality Farmland in a Strong Farming Community! Peoples Company is pleased to represent the State of Iowa in the sale of 755.89 surveyed acres of Boone County and Dallas County, Iowa high quality farmland. Located within a short drive of the Des Moines Metro Area, these premier, highly tillable farmland tracts would make for a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their investments. The five farmland tracts will be offered through a Sealed Bid Sale Method where Buyers are able to submit bids on any individual tract or combination of tracts. All Sealed Bids are due before 5:00 PM (CST) on Wednesday, May 15th, 2024.
Of the total 755.89 surveyed acres m/l in this portfolio, the farmland includes an estimated 610.51 FSA cropland acres. The farmland portfolio will be offered as five tracts ranging in size from 29.94 to 248.19-surveyed-acre tracts with CSR2 Ratings between 83.7 to 87.5, where they can be purchased individually or in any combination. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these highly tillable, contiguous tracts of farmland have been proudly owned by the State of Iowa for many decades with a long-term tenant that has taken excellent care of each tract.
Of the total 755.89 surveyed acres m/l in this portfolio, the farmland includes an estimated 610.51 FSA cropland acres. The farmland portfolio will be offered as five tracts ranging in size from 29.94 to 248.19-surveyed-acre tracts with CSR2 Ratings between 83.7 to 87.5, where they can be purchased individually or in any combination. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these highly tillable, contiguous tracts of farmland have been proudly owned by the State of Iowa for many decades with a long-term tenant that has taken excellent care of each tract.
- Tract 1: 55.78 Surveyed Acres M/L, 51.54 FSA cropland acres with CSR2 rating of 87.1.
- Tract 2: 176.06 Surveyed Acres M/L, est. 172.34 FSA cropland acres with CSR2 rating of 87.5.
- Tract 3: 245.92 Surveyed Acres M/L, est. 218.64 FSA cropland acres with CSR2 rating of 85.0.
- Tract 4: 248.19 Surveyed Acres M/L, est. 145.81 FSA cropland acres with CSR2 rating of 83.8.
- Tract 5: 29.94 Surveyed Acres M/L, est. 22.18 FSA cropland acres with CSR rating of 83.7.
*Open House for Tract 5 Only: Sun Apr 28, 1:00 PM - 4:00 PM
*Open House for Tract 5 Only: Thu May 09, 4:00 PM - 7:00 PM
*Open House for Tract 5 Only: Thu May 09, 4:00 PM - 7:00 PM
*The FSA cropland acres are estimated as several of these tracts are surveyed and are subject to change after reconstitution by the Boone and Dallas County Farm Service Agency.
Don’t miss this prime opportunity to own some tremendous cropland acres located in the heart of the Cornbelt for decades to come!
Directions
From the Des Moines Metro Area: Travel northwest for approximately 12 miles on Iowa Highway 141 to Exit 138. Turn right (north) and continue straight for approximately 1.75 miles, while going directly through the city of Woodward, Iowa, on Iowa Highway 210 to North 3rd Street and where Iowa Highway 210 turns east north of town. This is the southern boundary of the portfolio offering.
- Sign On Property: Yes
- MLS Number: 692600
- School District: Woodward-Granger Community School District
- General Area: Wooward, Iowa
- Zoning: Agriculture
Interactive Map
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Tracts
Description
Tract 1 is situated along the north side of Iowa Highway 210, Tract 1 consists of 55.78 surveyed acres. This highly tillable tract contains 51.54 FSA tillable cropland acres carrying a CSR2 rating of 87.1 with the primary soil types of Canisteo clay loam and Nicollet loam.
There are multiple entrances into the field with one located in the southeast and southwest corners of the farm. The current farm is leased for the 2024 cropping season. Tract 1 is located entirely within the Woodward city limits in Section 31 of Cass Township, Boone County, Iowa.
There are multiple entrances into the field with one located in the southeast and southwest corners of the farm. The current farm is leased for the 2024 cropping season. Tract 1 is located entirely within the Woodward city limits in Section 31 of Cass Township, Boone County, Iowa.
Legal Description
Tract 1: 55.78 surveyed acres located in Section Thirty-one (31) of Township Eighty-two (82) North, Range Twenty-six (26) West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from recorded survey/s.
Details
- Acres: 55.78 Acres M/L
- Parcel Number: Part of 088226314390001; Part of 088226314490001
- CSR2: 87.10
Directions
From Woodward, Iowa: Travel north on Iowa Highway 210 to where Iowa Highway 210 turns east of town. The farmland tract will be located on the north side of the highway. Look for the Peoples Company sign.
Description
The southwestern most tract offered in this high-quality farmland portfolio is Tract 2. Tract 2 consists of 176.06 acres with an estimated 172.34 FSA tillable cropland acres carrying a CSR2 rating of 87.5. The primary soil types of Canisteo clay loam, Nicollet loam, and Clarion loam.
The farmland tract has an entrance located on the southwest corner with nearly three-quarters-of a-mile long end rows. The current farm is leased for the 2024 cropping season. There is an Alliant Energy power line running along the southern boundary of the tract. This tract is located within both Section 6 of Des Moines Township, Dallas County, Iowa, and Section 31 of Cass Township, Boone County, Iowa.
The farmland tract has an entrance located on the southwest corner with nearly three-quarters-of a-mile long end rows. The current farm is leased for the 2024 cropping season. There is an Alliant Energy power line running along the southern boundary of the tract. This tract is located within both Section 6 of Des Moines Township, Dallas County, Iowa, and Section 31 of Cass Township, Boone County, Iowa.
*Note pertaining to that Portion of Tract 2 in the North Half of the Northwest Fractional Quarter (N½ NWfrl¼) of Section 6, Township 81 North, Range 26 West of the 5th P.M., Dallas County, Iowa, approximately 28.96 acres more or less: Even though the State has been in possession of the Property for decades, the State may not have marketable title to an undivided ½ interest in said portion of Tract 2. Contact listing agents for more details.
Legal Description
Tract 2: 176.06 surveyed acres located in Section Six (6) of Township Eighty-one (81) North, Range Twenty-six (26) West of the 5th P.M. in Dallas County, Iowa AND Section Thirty-one (31) of Township Eighty-two (82) North, Range Twenty-six (26) West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from recorded survey/s.
Details
- Acres: 176.06 Acres M/L
- Parcel Number: Part of 0406126002; 088226313300001; Part of 088226313490001; 088226313200001; Part of 088226313190001; Part of 088226312300001; Part of 088226312490001
- CSR2: 87.50
Directions
From Woodward, Iowa: Travel north on Iowa Highway 210 and turn left (west) on North 3rd Street. Continue for 0.25 miles and the farm will be located on the north side of the road or immediately northeast of the Highway 5 and N 3rd Street intersection. Look for the Peoples Company sign.
Description
Tract 3, located on the northwest corner of portfolio, consists of 245.92 surveyed acres with an estimated 218.64 FSA tillable cropland acres carrying a CSR2 rating of 85.0. The primary soil types on this tract include Clarion loam, Nicollet loam, Canisteo clay loam, and Webster clay loam.
The balance of the tract includes a grove of trees on the west side of 334th Street that includes a small creek that flows into Preston Creek to the east. There are several heavily timbered draws that run down to the creek running from northwest to southeast through the property. The draws and riparian area are loaded with mature trees and provide thick cover and a stable food source for wildlife.
The current farm is leased for the 2024 cropping season. The farmland tract has entrances on the southwest, northwest, and northeast corners with nearly 0.9-mile-long end rows. This tract is in Section 31 of Cass Township, Boone County, Iowa.
The balance of the tract includes a grove of trees on the west side of 334th Street that includes a small creek that flows into Preston Creek to the east. There are several heavily timbered draws that run down to the creek running from northwest to southeast through the property. The draws and riparian area are loaded with mature trees and provide thick cover and a stable food source for wildlife.
The current farm is leased for the 2024 cropping season. The farmland tract has entrances on the southwest, northwest, and northeast corners with nearly 0.9-mile-long end rows. This tract is in Section 31 of Cass Township, Boone County, Iowa.
Legal Description
Tract 3: 245.92 surveyed acres located in Sections Thirty (30) and Thirty-one (31) of Township Eighty-two (82) North, Range Twenty-six (26) West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from recorded survey/s.
Details
- Acres: 245.92 Acres M/L
- Parcel Number: Part of 088226312300001; Part of 088226312490001; Part of 088226311390001; 088226312200001; Part of 088226312190001; Part of 088226311290001; 088226303300001; Part of 088226303490001; 088226303200001; Part of 088226303190001; 088226303100002
- CSR2: 85.00
Directions
From Woodward, Iowa: Travel north on Iowa Highway 210 and turn left (west) on North 3rd Street. Continue for 0.50 miles and turn right (north) onto Highway R18. Continue for approximately 0.90 miles and the farm will be located on the east side of the road or immediately southeast of the County Highway E62 and R18 intersection. Look for the Peoples Company sign.
Description
Tract 4 consists of 248.19 surveyed acres with an estimated 145.81 FSA tillable cropland acres carrying a CSR2 rating of 83.8. The primary soil types on this tract include Clarion loam, Nicollet loam, Lester loam, and Webster clay loam. The balance of the tract includes a hearty stand of mature timber with Preston Creek located in the middle. The current farm is leased for the 2024 cropping season.
Currently, there is an Iowa Department of Public Safety Telecommunications Tower located on the northwest corner of the tract with a recorded easement for access and maintenance. Contact the listing agents for additional information. There are buildings located on the west central portion of the farm and will be offered “As Is, Where Is”. The southern portion of this tract is located within the city limits of Woodward, Iowa and this tract is found in Section 31 of Cass Township, Boone County, Iowa.
The State of Iowa will also reserve an easement to a pumphouse on the southern portion of Tract 4 as noted on the map.
Currently, there is an Iowa Department of Public Safety Telecommunications Tower located on the northwest corner of the tract with a recorded easement for access and maintenance. Contact the listing agents for additional information. There are buildings located on the west central portion of the farm and will be offered “As Is, Where Is”. The southern portion of this tract is located within the city limits of Woodward, Iowa and this tract is found in Section 31 of Cass Township, Boone County, Iowa.
The State of Iowa will also reserve an easement to a pumphouse on the southern portion of Tract 4 as noted on the map.
Legal Description
Tract 4: 245.92 surveyed acres located in Sections Twenty-nine (29), Thirty (30), and Thirty-one (31) of Township Eighty-two (82) North, Range Twenty-six (26) West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from recorded survey/s.
Details
- Acres: 248.19 Acres M/L
- Parcel Number: Part of 088226303100002; 088226304200002; 088226304100002; 088226293200002; 088226293290001; 088226304190001; 088226304290001; Part of 088226303190001; Part of 088226303490001; Part of 088226304390001; 088226304490001; Part of 088226311190001; Part of 088226311490001; Part of 088226311390001; Part of 088226311290001
- CSR2: 83.80
Directions
From Woodward, Iowa: Travel north on Iowa Highway 210 and turn left (west) on North 3rd Street. Continue for 0.50 miles and turn right (north) onto Highway R18. Continue for approximately 1.70 miles to County Highway E62 and turn right (east) and continue for 0.50 miles. The farm will be located on the south side of the road. Look for the Peoples Company sign.
Description
Tract 5, the smallest tract in the portfolio offering, consists of 29.94 surveyed acres with an estimated 22.18 FSA tillable acres comprised of mostly Webster clay loam, Lester loam, Le Sueur loam, and Hayden loam carrying a CSR2 rating of 83.7. The current farm is leased for the 2024 cropping season.
In addition to the tillable acres on this tract, there are small blocks of wooded timber on the northeast and southeast corners of this tract combined with three agricultural dwellings adjacent to 333rd Street in the southeast corner of Tract 5. The residential dwelling located at 1251 334th Street, Woodward, Iowa, 50276, is leased through June 20, 2024. The Rental Property Agreement may be assigned to the Buyer of Tract 5 upon issuance of the State Land Patent. Located entirely within the city limits of Woodward, these three agricultural dwellings will be sold on an “as is, where is” basis. There are three (3) buildings served by a private sewage disposal system on the property. Any and all septic system(s) inspections, repairs, or replacement will be at the sole cost and responsibility of the buyer. The Buyer will be responsible for and required to take all actions required to comply with Iowa Administrative Code Chapter 567-69. Specifically, prior to closing, Buyer shall provide proof of one of the following: (i) that the existing private sewage disposal system has passed a certified inspection; (ii) that Buyer has executed a binding agreement with the local board of health to address the private sewage disposal system; or (iii) that the Buyer intends to demolish or raze the impacted building(s) consistent with Section 567-69.2(1)(a)(7).
In addition to the tillable acres on this tract, there are small blocks of wooded timber on the northeast and southeast corners of this tract combined with three agricultural dwellings adjacent to 333rd Street in the southeast corner of Tract 5. The residential dwelling located at 1251 334th Street, Woodward, Iowa, 50276, is leased through June 20, 2024. The Rental Property Agreement may be assigned to the Buyer of Tract 5 upon issuance of the State Land Patent. Located entirely within the city limits of Woodward, these three agricultural dwellings will be sold on an “as is, where is” basis. There are three (3) buildings served by a private sewage disposal system on the property. Any and all septic system(s) inspections, repairs, or replacement will be at the sole cost and responsibility of the buyer. The Buyer will be responsible for and required to take all actions required to comply with Iowa Administrative Code Chapter 567-69. Specifically, prior to closing, Buyer shall provide proof of one of the following: (i) that the existing private sewage disposal system has passed a certified inspection; (ii) that Buyer has executed a binding agreement with the local board of health to address the private sewage disposal system; or (iii) that the Buyer intends to demolish or raze the impacted building(s) consistent with Section 567-69.2(1)(a)(7).
*Open House: Sun Apr 28, 1:00 PM - 4:00 PM
*Open House: Thu May 09, 4:00 PM - 7:00 PM
Legal Description
Tract 5: 29.94 surveyed acres located in Sections Thirty-two (32) of Township Eighty-two (82) North, Range Twenty-six (26) West of the 5th P.M. in Boone County, Iowa. Exact legal description to be taken from recorded survey/s.
Details
- Acres: 29.94 Acres M/L
- Parcel Number: Part of 088226322390001; Part of 088226322290001
- CSR2: 83.70
Directions
From Woodward, Iowa: Travel north on Iowa Highway 210 to where Iowa Highway 210 turns east of town and continue for 0.50 miles to N Avenue. Turn left (north) for 0.50 miles and turn right (east) onto 333rd Street. Continue east for 0.50 miles and the agricultural dwelling / farmland tract will be located on the north side of the road. Look for the Peoples Company sign.
Auction Details & Terms
Sale Terms and Conditions: Peoples Company is handling the sale of five tracts of land, including, but not limited to cropland, timber, and three residential dwellings, owned by the State of Iowa in Boone County and Dallas County, Iowa through a Sealed Bid Sale.
Sealed Bid Submittal Process & Deadline: Sealed Bids, in written or electronic format, for the Property will be due no later than 5:00 P.M. CST, on Wednesday, May 15th, 2024, to the following:
Matt Adams
Peoples Company
12119 Stratford Drive, Suite B
Clive, IA 50325
Matt@PeoplesCompany.com
Peoples Company
12119 Stratford Drive, Suite B
Clive, IA 50325
Matt@PeoplesCompany.com
Sealed Bids for the Property shall be submitted on the Sealed Bid Submittal Form that can be obtained by contacting Listing Agent Matt Adams by phone at (515) 423.9235 or by email at Matt@PeoplesCompany.com. Handwritten bids, if legible, may be acceptable in the Seller and Broker’s sole discretion. Please complete each blank field provided in the Sealed Bid Submittal Form. Bids can be submitted via mail or email but must be received by the deadline date in order to be considered.
Upon the receipt of all submitted bids, the Seller may accept or reject any bid or offer, enter into negotiations with one or more Bidders, or withdraw the Property from market without notice. Upon the Seller’s acceptance of any bid or offer, the winning Bidder and Seller shall enter into a binding Offer to Buy. The Seller shall not be obligated or bound to sell the Property until Seller has entered into a fully executed, definitive Offer to Buy.
Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge that they are representing themselves in completing the sales transactions.
Offer to Buy and Earnest Money: The appraised value of the five tracts will be publicly available and a Potential Buyer* may submit offers on one, multiple, or all available tracts. A Buyer will receive an “Offer to Buy” (“OTB”) document from the State of Iowa for the tract or tracts being purchased outlining the terms and conditions associated with purchase. If a Buyer’s offer is accepted, a 10% earnest money payment is required and must be received by Peoples Company within three (3) business days from the date of an accepted offer by the State of Iowa. Earnest money will be held in the Peoples Company Trust Account. The balance of the purchase price will be due on or before the determined closing date and the Buyer will be required to submit the completed OTB. If the balance is not paid on or before closing, the Buyer risks forfeiting the 10% earnest money. *Please see additional Buyer Requirements and Qualifications.
Contract & Title: Title and possession of the land will be granted when the State of Iowa issues a Land Patent Deed. Once all monies are received, the Buyer should allow for approximately 30 days or less for the issuance of the State Land Patent and transfer of the property to Buyer. The Seller will provide a current abstract at their expense. However, the State will have no obligation to clear any title objections, and the sale of any tract will be without any warranties, express or implied, and is subject to all easements, restrictions, and covenants of record. The sale is not contingent upon Buyer financing. Contact the Listing Agent for clarification on how the property will be transferred to the Buyer. Note pertaining to that Portion of Tract 2 in the North Half of the Northwest Fractional Quarter (N½ NWfrl¼) of Section 6, Township 81 North, Range 26 West of the 5th P.M., Woodward, Dallas County, Iowa, approximately 28.96 acres more or less: Even though the State has been in possession of the Property for decades, the State may not have marketable title to an undivided ½ interest in said portion of Tract 2.
Closing & Possession: Closing will occur on or before Friday, July 12th, 2024. The balance of the purchase price will be due and payable on the agreed-upon closing date in the form of a certified check or wire transfer. Possession of the land will be granted upon issuance of a State Land Patent as described in the "Contract & Title" section.
Easements: Buyer acknowledges Seller shall have and reserve an easement over the Property as it pertains to any existing utility facilities and drainage facilities servicing the Retained Parcel, including but not limited to existing facilities for purposes of communications, electric, gas, tile, and sewer; Buyer acknowledges that said easement(s) shall provide to Seller a reasonable right of access over the Property to the existing facilities; and that the Patent to the Buyer will reflect said easement(s).
Property Taxes: The property is owned by the State of Iowa, which is a tax-exempt entity, and therefore property taxes are currently not paid on the property. Buyer should acknowledge that there will not be a property tax proration at closing. Upon the change in ownership, the property will be added to the tax rolls and property tax will become due and payable in the future years. Contact the Listing Agent for questions related to property tax amounts and dates payable.
Farm Leases & Residential Lease: The majority of the property (642.38 acres) is leased for the 2024 cropping season. The Property is currently subject to a Cash Farm Lease between the Iowa Prison Industries (IPI) and Nizzi Brothers – Lloyd & Dan Nizzi dated October 26, 2021, and has a term through the last day of February 2025. The Cash Farm Lease will be assigned to the Buyer(s) at the time of the issuance of the State Land Patent as it pertains to the tract(s) purchased. The Cash Farm Lease and the corresponding lease rental payment for the lease period March 1, 2024, through February 28, 2025, will be prorated - this will be calculated from the date of issuance of the State Land Patent. Additionally, as noted on page 9, one residential dwelling located at 1251 334th Street, Woodward, Iowa 50276 within Tract 5 is currently leased through June 20, 2024. The Rental Property Agreement may be assigned to the Buyer of Tract 5 upon issuance of the State Land Patent.
Farm Program Information: Farm Program Information is provided by the Boone County and Dallas County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Boone County and Dallas County FSA and NRCS offices.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. The cost to maintain, repair, or erect partition fence(s), including but not limited to partition fences under Iowa Code Chapter 359A, between the property purchased by Buyer and the property retained by the State of Iowa will be solely the responsibility of the Buyer, and Buyer’s successors, heirs, administrators, executors and assigns. Existing fence lines may not fall directly on the legal boundary.
Surveys: All tracts have been surveyed, as noted in the marketing materials. No additional surveying or staking will be completed by the Seller. Contact the Listing Agents for additional details.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.
Septic Tanks: The agricultural dwelling(s) and other buildings will be sold on an “as is, where is” basis. The agricultural building(s) are served by a private sewage disposal system(s) on Tract 5. Any and all septic system inspections, repairs, removal, or replacement and/or the responsibility for removal of the home will be at the sole cost and responsibility of the Buyer. The Buyer will be responsible for and required to take all actions required to comply with Iowa Administrative Code Chapter 567-69. Specifically, prior to closing, Buyer shall provide proof of one of the following: (i) that the existing private sewage disposal system has passed a certified inspection; (ii) that Buyer has executed a binding agreement with the local board of health to address the private sewage disposal system; or (iii) that the Buyer intends to demolish or raze the impacted building(s) consistent with Section 567-69.2(1)(a)(7).
Other Terms and Conditions: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by Peoples Company or the Seller. We obtained the marketing information from sources we believe to be reliable. However, we make no guarantee, warranty, or representation about it. We include projections, opinions, assumptions, or estimates for example only and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Property Taxes: The property is owned by the State of Iowa, which is a tax-exempt entity, and therefore property taxes are currently not paid on the property. Buyer should acknowledge that there will not be a property tax proration at closing. Upon the change in ownership, the property will be added to the tax rolls and property tax will become due and payable in the future years. Contact the Listing Agent for questions related to property tax amounts and dates payable.
Farm Leases & Residential Lease: The majority of the property (642.38 acres) is leased for the 2024 cropping season. The Property is currently subject to a Cash Farm Lease between the Iowa Prison Industries (IPI) and Nizzi Brothers – Lloyd & Dan Nizzi dated October 26, 2021, and has a term through the last day of February 2025. The Cash Farm Lease will be assigned to the Buyer(s) at the time of the issuance of the State Land Patent as it pertains to the tract(s) purchased. The Cash Farm Lease and the corresponding lease rental payment for the lease period March 1, 2024, through February 28, 2025, will be prorated - this will be calculated from the date of issuance of the State Land Patent. Additionally, as noted on page 9, one residential dwelling located at 1251 334th Street, Woodward, Iowa 50276 within Tract 5 is currently leased through June 20, 2024. The Rental Property Agreement may be assigned to the Buyer of Tract 5 upon issuance of the State Land Patent.
Farm Program Information: Farm Program Information is provided by the Boone County and Dallas County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Boone County and Dallas County FSA and NRCS offices.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. The cost to maintain, repair, or erect partition fence(s), including but not limited to partition fences under Iowa Code Chapter 359A, between the property purchased by Buyer and the property retained by the State of Iowa will be solely the responsibility of the Buyer, and Buyer’s successors, heirs, administrators, executors and assigns. Existing fence lines may not fall directly on the legal boundary.
Surveys: All tracts have been surveyed, as noted in the marketing materials. No additional surveying or staking will be completed by the Seller. Contact the Listing Agents for additional details.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.
Septic Tanks: The agricultural dwelling(s) and other buildings will be sold on an “as is, where is” basis. The agricultural building(s) are served by a private sewage disposal system(s) on Tract 5. Any and all septic system inspections, repairs, removal, or replacement and/or the responsibility for removal of the home will be at the sole cost and responsibility of the Buyer. The Buyer will be responsible for and required to take all actions required to comply with Iowa Administrative Code Chapter 567-69. Specifically, prior to closing, Buyer shall provide proof of one of the following: (i) that the existing private sewage disposal system has passed a certified inspection; (ii) that Buyer has executed a binding agreement with the local board of health to address the private sewage disposal system; or (iii) that the Buyer intends to demolish or raze the impacted building(s) consistent with Section 567-69.2(1)(a)(7).
Other Terms and Conditions: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by Peoples Company or the Seller. We obtained the marketing information from sources we believe to be reliable. However, we make no guarantee, warranty, or representation about it. We include projections, opinions, assumptions, or estimates for example only and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.