Listings

Madison County Auction

08-14-2017PendingListing #13935

Elmwood Ave, Winterset, IA 50273
Iowa
221.00 acres m/l

Madison County Auction
Listing #: 13935

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.

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. 

Auction Details

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.

Property Map

Property Map

Elmwood Ave, Winterset, IA 50273
Madison County, Iowa
221.00 acres m/l

Details

Sign on Property: Yes


Attachments

Auction Brochure


Agents

Travis Smock
Office: 515-222-1347
Cell: 319-361-8089
Travis.Smock@PeoplesCompany.com

Travis Smock

Matt Adams
Office: 515-222-1347
Cell: 515-423-9235
Matt@PeoplesCompany.com

Matt Adams

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

Tract #1

Elmwood Ave & 230th Ln, Winterset, IA 50273
Madison County, Iowa
40.00 acres m/l

Auction
Tract #: 1

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.

Farm Details

DCP Cropland Acres: 29.42
Corn Base: 29.42 Acres with a PLC Yield of 100

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.

 

Property Map

Property Map

Elmwood Ave & 230th Ln, Winterset, IA 50273
Madison County, Iowa

Details

Sign on Property: Yes
School District: Winterset Community School District
General Area: West of Winterset, Iowa
Net Taxes: 452.00
CSR2: 41.9


Attachments

FSA Map
Total Soils Map CSR2
Tillable Soils Map CSR2
Conservation Plan
Plat Map

Tract 2 - Elmwood Avenue, Winterset, IA 50273

Tract #2

Elmwood Avenue, Winterset, IA 50273
Madison County, Iowa
181.00 acres m/l

Auction
Tract #: 2

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.

Farm Details

FSA Cropland Acres: 119.67
Corn Base: 21.87 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.

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.

 

Property Map

Property Map

Elmwood Avenue, Winterset, IA 50273
Madison County, Iowa

Details

Sign on Property: Yes
School District: Winterset Community School District
General Area: West of Winterset, Iowa
Net Taxes: 2474.00
CSR2: 52.3


Attachments

Tillable Soils Map CSR2
Conservation Plan
Plat Map
FSA Map Tract 2
Total Soils Map CSR2 Tract 2

Tract 3 - Elmwood Avenue, Winterset, IA 50273

Tract #3

Elmwood Avenue, Winterset, IA 50273
Madison County, Iowa
221.00 acres m/l

Auction
Tract #: 3

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.

Farm Details

FSA Cropland Acres: 149.09
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.

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.

 

Property Map

Property Map

Elmwood Avenue, Winterset, IA 50273
Madison County, Iowa

Details

Sign on Property: Yes
School District: Winterset Community School District
General Area: West of Winterset, Iowa
Net Taxes: 2976.00
CSR2: 52.3


Attachments

Tillable Soils Map CSR2
Conservation Plan
Plat Map
FSA Map Tract 3
Total Soils Map CSR2 Tract 3