Guthrie County, IA
208.47 Acres M/L

CO Road P28/Wagon Road & CO Road F51/Montieth Road
Panora, IA 50216

Listing

#13971

LAND AGENT

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Property Info

Description

Peoples Company is proud to offer a rare opportunity to own one of the highest quality farms in Guthrie County, Iowa. This historically award-winning farm has been in the Lundberg family for a long time and the first time offered for sale to the public for almost 40 years. The care and stewardship this farm has received over the years has made this a showcase farm. Grain markets are close with options between an ethanol plant, variety of elevators, and livestock facilities that purchase grain locally.

The farm consists of 208.47 acres m/l with nearly 100% of the farm being tillable and a CSR2 of 87. The farm will be sold via public auction to the highest bidder/s in two tracts on 10:00 AM on Friday, September 22^nd, 2017 at the Community Center in Panora, Iowa.

This highly productive farm will be offered in two tracts through the “Choice” auction method. Tract 1 consists of 100.29 acres m/l with an estimated 99.68 tillable acres and a CSR2 of 86.1. Tract 2 consists of 108.18 acres m/l that is all tillable with a CSR2 of 87.4. Property is located 4 miles south of Panora in Sections 21 and 28 of Jackson Township with easy access via paved roads on three sides. The farm lease has been terminated and will be available to the Winning Bidder as soon as the 2017 crops are removed. Tile has been installed on both tracts and tile maps are available showing location for more recently installed drainage tile located on tract 2.

**An electric line easement with ITC Midwest has been signed by the Seller and placed on Tract 2. The electric line will be in the fence row along the south boundary of this tract. The project is currently scheduled to take place in the Spring of 2018. Seller will retain any initial payments received and the Winning Bidder will receive any crop damage payments. Contact agent for details.**

Sign On Property: Yes
School District: Panorama Community Schools District
General Area: South of Panora, Iowa
Net Taxes: $5,070.00
Water: Rural
Zoning: Agriculture

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Video

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Marketing Brochure

Tracts

Tract 1 - CO Road P28 & CO Road F51, Panora, IA 50216

Tract Photos

Description

Tract 1 consists of 100.29 acres m/l with an estimated 99.68 tillable acres and a CSR2 of 86.1. Farm is located just south of Panora in Section 21 of Jackson Township. Great access by paved highway Co Rd P28 / Wagon Road to the north and east of property and gravel road Trace Lane to the west. We are told there are drainage tile lines working on this tract but maps are unavailable.

Legal Description

The Southwest Quarter (SW1/4) of the Southeast Quarter (SE1/4), and the West 35 acres of the Southeast Quarter (SE1/4) of the Southeast Quarter (SE1/4), and the East 37 ½ acres of the Southeast Quarter (SE1/4) of the Southwest Quarter (SW1/4), except Parcel "A" of said SE^I/4 of the SW1/4, of Section 21; all in Township 79 North, Range 30 West of the 5^th P.M., Guthrie County, Iowa.

*Full Legal Description to be taken from Abstract.

Details

Acres: 100.00 Acres M/L
Net Taxes: $2,426.00
CSR2: 86.00

Directions

From Panora, Iowa: Travel south out of Panora, Iowa on East 3^rd Street continuing to CO Road P28 / Wagon Road for 4.4 miles. Farm will be located on the right side of the road after reaching Trace Lane. Look for signs.

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Tract 2 - CO Road P28 & CO Road F51, Panora, IA 50216

Tract Photos

Description

Tract 2 consists of 108.18 acres m/l that is all tillable with a CSR2 of 87.4. Farm is located just south of Panora in Section 28 of Jackson Township. Great access by paved highway Co Rd F51 / Montieth Road located to the south, paved road Co Rd P28 / Wagon Road to the east, and gravel road Trace Lane to the west. There is drainage tile on this farm with maps available to show location for part of the tile.

Legal Description

The East 65 acres of the North Half (N1/2) of the Northeast Quarter (NE1/4), the East 37 ½ acres of the Northeast Quarter (NE1/4) of the Northwest Quarter (NW1/4) and the West 15 acres of the Northwest Quarter (NW1/4) of the Northeast Quarter (NE1/4) of Section 28; all in Township 79 North, Range 30 West of the 5^thP.M., Guthrie County, Iowa.

*Full Legal Description to be taken from Abstract.

Details

Acres: 108.00 Acres M/L
Net Taxes: $2,644.00
CSR2: 87.00

Directions

From Panora, Iowa: Travel south out of Panora, Iowa on East 3^rd Street continuing to CO Road P28/Wagon Road for 4.4 miles. Farm will be located on the right side of the road after reaching Trace Lane. Look for signs.

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Auction Details & Terms

Guthrie County Land Auction
208.47 Acres M/L
Offered in Two Separate Tracts

Friday, September 22^nd, 2017
10:00 A.M.

Panora Community Center
115 W. Main Street
Panora, Iowa 50216

Sale Method: Farm will be offered in two individual tracts through a “Choice” Auction Sale Method.

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 Tuesday, November 7th, 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.

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 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.