08-26-2016SoldListing #13653

Highway 6, Grinnell, IA 50112
Poweshiek County, Iowa
252.00 acres m/l

Listing #: 13653


This property consists of 252 acres, of which there are 251.15 taxable acres and 229.52 cropland acres.  This property has an average CSR2 of 77.9, with the county average CSR2 being 67.

Legal Description

The Northwest Fractional Quarter (NW Frl. 1/4) of Section Eighteen (18), Township Eighty (80) North, Range Fifteen (15), West of the 5th P.M., Poweshiek County, Iowa, and the East One-Half of the Southeast Quarter (E1/2 SE1/4) of Section Thirteen (13), Except the Railroad Right of Way, Township Eighty (80) North, Range Fourteen (14), West of the 5th P.M., Poweshiek County, Iowa.  Please refer to abstract for exact legal description.

Farm Details

Cropland: 229.52
Corn: 143.1 Base Acres with a PLC Yield of 150 bushel
Bean: 81.7 Base Acres with a PLC Yield of 45 bushel

This farm is classified as Highly Erodible Land with no Wetlands Determination complete at this time.  An active Conservation Plan is on file with FSA, or contact agent for details.


From Grinnell, Iowa, go east on State Highway #6 approximately 3 miles. From Malcom, go north on State Highway #63 to State Highway #6, then west 4.5 miles.  Property is located on the south side of State Highway #6. Please follow auction signs.

Auction Details



Friday, August 26, 2016

10:00 AM

Poweshiek County Fair Grounds

Exhibit Building

Grinnell, Iowa

SALE METHOD:  This property will be sold as one tract of 252 acres M/L.

MINERALS:  All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT:  A 15% earnest money payment is required on the day of the auction.  The earnest payment may be paid in the form of cash or check.  All funds will be held in the Peoples Company or named attorney’s trust account.

POSSESSION: Possession will be granted at closing, on or about October 5, 2016, subject to the current cash rent lease and current tenant’s rights for the 2016 crop year.

CONTRACT AND TITLE:  Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Peoples Company the required earnest payment.  The Seller will provide a current abstract at their expense.  Sale is not contingent upon buyer financing.  Seller to pay all escrow closing costs.

CLOSING:  Closing will occur on or about October 5, 2016.  The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

SURVEY:  At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created.  The Seller will be responsible for any survey costs.

BIDDER REGISTRATION:  All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.

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 the Auctioneer or Seller.  All bids will be on a per acre basis.  Seller reserves the right to accept or reject any and all bids.

Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.  Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Property Map

Property Map

Highway 6, Grinnell, IA 50112
Poweshiek County, Iowa
252.00 acres m/l


Sign on Property: Yes
School District: Grinnell - Newburg
General Area: Grinnell
Gross Taxes: $6790.00
Net Taxes: $6790.00
CSR: 72.82
CSR2: 77.9
Possession: 10-5-2016


Total Soils Map
Tillable Soils Map
Plat Map - 77 Acres
Plat Map - 175 Acres
Auction Brochure


Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -
Listing #13653 - 252.00 acres - Poweshiek, IA -