Polk County, IA
136.00 Acres M/L

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Runnells, IA 50237 |
Listing #13919

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Property Info

Description

Offering 136 acres m/l of highly productive Polk County, Iowa farmland to be sold as two separate tracts at public auction on August 8^th at 10:00 AM at the Doanes Park Youth Center in Pleasant Hill. Both tracts offer a high percentage of tillable acres with CSR2 values of 82.8 and 91.8 and are located on pavement just a few miles east of Pleasant Hill. Continue scrolling for information on individual tracts.

Sign On Property: Yes
School District: Southeast Polk
General Area: East of Pleasant Hill
Online Bidding: Yes
Auction Date: Aug 8, 2017
Possession: At Closing Subject to Tenant's Rights
Terms: Conventional, Cash

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Auction Details

Polk County Land Auction
136 Acres M/L
Offered in Two Separate Tracts

Tuesday, August 8, 2017
10:00 AM
Doanes Park Youth Center
5050 Doanes Park Road
Pleasant Hill, IA 50327

Sale Method: Tract 1 and Tract 2 will be offered separately and will not be combined at any point during the auction.

Farm Program Information: Farm Program Information is provided by the Polk 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, tillable acres, etc. are subject to change when the farms are reconstituted by the Polk County Farm Service Agency.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or about Friday, September 8, 2017. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be granted at closing, subject to tenant’s rights. Full possession of the farm will be on March 1, 2018.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2018 season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: 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, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. 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 or Listing Agents will take precedence over all previous marketing 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.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.

Tract 1 - SE 32nd Ave & SE 88th St, Runnells, IA 50327

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Description

Tract 1 consists of approximately 51.7 total acres m/l which includes 49.87 FSA tillable acres (approximately 50.84 acres m/l currently being farmed) carrying a CSR2 of 82.8 (CSR of 79.6). Over 84% of the tillable soils are Downs and Colo-Judson with CSR2 values greater than 82. Several excellent building sites on the property with easy access from paved roads. Both rural water and natural gas are located along the roads on the south and west sides of the property. Just minutes from the Des Moines Metro, Tract 1 is located on the northeast corner of SE 32^nd Ave and SE 88^th St in Section 17 of Camp Township.

Legal Description

51.7 acres m/l in the West ½ of the Southwest ¼ of Section 17, Township 78 North, Range 22 West of the 5^th PM in Polk County, Iowa. Exact legal description to be taken from abstract. This brief legal description should not be used on legal documents.

Details

Acres: 51.00 Acres M/L
Net Taxes: $1,356.00
CSR2: 79.00

Directions

From the intersection of University Ave/Hwy 163 and Hwy 65 in Pleasant Hill, travel east on University Ave approximately 2.75 miles to NE 80^th St (SEP High School). Turn south onto NE 80^th St and continue 1.4 miles to stop sign at SE 6^th Ave. Go through the stop sign and continue south (road becomes SE 80^th St) approximately ½ mile. Follow road as it curves east and becomes SE 13^th Ave and continue approximately one mile to SE 88^th St. Turn south onto SE 88^th St and continue 1.5 miles to SE 32^nd Ave. Tract 1 is situated on the northeast corner of SE 32^nd Ave and SE 88^th St.

Tract 2 - NE 108th St, Runnells, IA 50327

Price Per Acre: $11,000

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Description

Tract 2 consists of approximately 84.3 total acres m/l which includes 79.54 FSA tillable acres m/l carrying a CSR2 of 91.8 (CSR of 87.9). Over 89% of the tillable soils are Tama and Muscatine with CSR2 values greater than 87. Several locations for potential building sites with scenic views. Property is situated between two paved roads along its east and west boundaries, and rural water is located along NE 112^th St (east side of the property). Just minutes east of Pleasant Hill, the farm is located in Section 3 of Camp Township.

Legal Description

84.3 acres m/l in the north fraction ½ of Section 3, Township 78 North, Range 22 West of the 5^th PM in Polk County, Iowa. Exact legal description to be taken from abstract. This brief legal description should not be used on legal documents.

Details

Acres: 84.00 Acres M/L
Net Taxes: $2,432.00
CSR2: 91.00

Directions

From the intersection of University Ave/Hwy 163 and Hwy 65 in Pleasant Hill, travel east on University Ave approximately 6.25 miles to NE 108^th St. Turn south onto NE 108^th St and continue approximately ½ mile. Tract 2 is situated along the east side of NE 108^th St.