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Madison County, IA
221.00 Acres M/L

Elmwood Ave
Winterset, IA 50273

Listing #13935
Travis Smock

LAND AGENT

Travis Smock

Mobile: 319.361.8089
Travis.Smock@PeoplesCompany.com

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Matt Adams

LAND AGENT

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Property Info

Description

221 Acres M/L of diverse Madison County farmland to be auctioned Monday, August 14th! Farm will be sold in three tracts. Tract 1 consists of 40 Acres M/L of which 29.42 Acres are FSA tillable and carry a CSR2 of 41.9. Tract 2 consists of 181 Acres M/L including 119.67 FSA Cropland acres of which 97.8 Acres are enrolled into CRP programs paying $19,400 annually through 2023. Additionally, there are 6.49 acres currently in row crop production. The remainder of the farm is currently in pasture/hay. Tract 3 will be a combination of Tracts 1 & 2. Farms are located west of Winterset, just off Highway 92, and in Sections 2 & 3 of Webster Township, Madison County, Iowa.

  • Sign On Property: Yes
  • Water: Rural
  • Zoning: Agriculture

Additional Info

*Peoples Company will also sell machinery owned by the Seller/s and to be marketed in conjunction with the land auction.
*Seller/s shall or have Seller/s attorney And / Or Agents terminate all leases including to but not limited to the farm land lease and pasture land lease. 

Interactive Map

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Video

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Tracts

Tract 1 - Elmwood Ave & 230th Ln, Winterset, IA 50273

Tract 1
Price: $114,000
Price Per Acre: $2,850
Tract Photos

Description

Tract 1 consists of 40 Acres M/L of which 29.42 Acres are FSA tillable and carry a CSR2 of 41.9. The remainder of the land consists of timber and a creek. Soil types include Sharpsburg and Shelby Clay Loams. Farm is located in Section 3 of Webster Township, Madison County, Iowa.

Legal Description

The Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section Three (3), Township Seventy-five (75) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa.

*Full Legal Description to be taken from Abstract.

Details

  • Acres: 40.00 Acres M/L
  • Net Taxes: $452.00
  • CSR2: 41.00

Directions

From Winterset, Iowa: Travel west out of Winterset, Iowa on Highway 92 for 6.4 miles until Elmwood Avenue. Turn left (south) on Elmwood Avenue for 3/4 mile and Tract 1 will be located on your right (west).  Look for signs.

Downloads

Tract 2 - Elmwood Avenue, Winterset, IA 50273

Tract 2
Price: $648,000
Price Per Acre: $3,580
Tract Photos

Description

Tract 2 consists of 181 Acres M/L including 119.67 FSA Cropland acres carrying a CSR2 of 54.8 of which 97.8 Acres are enrolled into CP1 & CP25 CRP programs paying $19,400 annually through 2023. Additionally, there are 6.49 acres currently in row crop production. The remainder of the farm is currently in pasture/hay with three ponds and good interior & exterior fences. Additionally, this property offers a 42 ft. by 40 ft. utility building built in 2002 and two smaller grain bins. Farm is located in Section 2 of Webster Township, Madison County, Iowa.

Legal Description

The Southwest Quarter and the West Twenty-six (26) acres of the Southeast Quarter of Section Two (2), AND Except Parcel "A", located in the Northwest Quarter (1/4) of the Southwest Quarter (1/4) in Section Two (2), Township Seventy-five (75) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa.

*Full Legal Description to be taken from Abstract.

Details

  • Acres: 181.00 Acres M/L
  • Net Taxes: $2,474.00
  • CSR2: 52.00

Directions

From Winterset, Iowa: Travel west out of Winterset, Iowa on Highway 92 for 6.4 miles until Elmwood Avenue. Turn left (south) on Elmwood Avenue for 1/2 mile and Tract 2 will be located on your left (east). Look for sign.

Downloads

Tract 3 - Elmwood Avenue, Winterset, IA 50273

Tract 3
Tract Photos

Description

Tract 3 is a combination of tracts one and two for a total of 221 Acres M/L. This tract consists of 149.09 FSA Cropland acres carrying a CSR2 of 52.3 of which 97.8 Acres are enrolled into CP1 & CP25 CRP programs paying $19,400 annually through 2023. Additionally, there are 35.91 acres currently in row crop production. The remainder of the farm is currently in pasture/hay with three ponds and good interior & exterior fences. Additionally, this property offers a 42 ft. by 40 ft. utility building built in 2002 and two smaller grain bins. Farm is located in Sections 2 & 3 of Webster Township, Madison County, Iowa.

 

Legal Description

The Southwest Quarter and the West Twenty-six (26) acres of the Southeast Quarter of Section Two (2), AND Except Parcel "A", located in the Northwest Quarter (1/4) of the Southwest Quarter (1/4) in Section Two (2), Township Seventy-five (75) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa AND The Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4) of Section Three (3), Township Seventy-five (75) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa.

*Full Legal Description to be taken from Abstract.

Details

  • Acres: 221.00 Acres M/L
  • Net Taxes: $2,976.00
  • CSR2: 52.00

Directions

From Winterset, Iowa: Travel west out of Winterset, Iowa on Highway 92 for 6.4 miles until Elmwood Avenue. Turn left (south) on Elmwood Avenue for 1/2 mile and farm will be located on both sides of the road. Look for signs.

Downloads

Auction Details & Terms

Madison County Land Auction
221 Acres M/L
Offered in Three Separate Tracts

Monday, August 14th, 2017
2:00 P.M.

Madison County Fair Grounds – Jackson Building
1146 W. Summit Street
Winterset, Iowa 50273
 

Sale Method: Farm will be offered in three tracts. Tract 1, Tract 2, and Tract 3, which is a combination of Tracts 1 & 2.

Farm Program Information:
FSA Cropland Acres: 149.09
Total Base Acres: 51.29
Corn Base: 51.29 Acres with a PLC Yield of 100

CRP Information:
97.8 Acres enrolled into CP1 & CP25 programs paying $198.36 per acre or $19,400 annually through 2023.

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 22, 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 on November 1, 2017, 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.

Photos

Tract 1 Photos

Tract 1

Tract 2 Photos

Tract 2

Tract 3 Photos