Madison County, IA
226.00 Acres M/L

Green Lane & 170th Street |
Winterset, IA 50212 |
Listing #14020

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Property Info

Description

Offering 226 acres of highly productive Madison County farmland to be sold in four tracts at public auction on December 5, 2017 at Earlham Community Center in Earlham. Please continue scrolling for detailed information about the auction and each individual tract.

Sign On Property: Yes
School District: Earlham
General Area: South of Earlham
Net Taxes: $4,698.00
Auction Date: Dec 5, 2017
Possession: At Closing Subject to Tenant's Rights
Terms: Cash, Conventional

Auction Details

Madison County Land Auction
226 Acres M/L
Offered in Four Tracts

Tuesday, December 5th, 2017
10:00 A.M.

Location: Earlham Community Center
150 E 1st Street
Earlham, IA 50072

Sale Method: Farm will be offered in four tracts. Tract 4 will be a combination of Tract 2 and Tract 3.

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 between January 1st, 2018 and March 1st, 2018 - subject to buyer's discretion.

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. Acres of each tract are subject to change based on survey. Seller and its representatives reserve the right to change the acre figures during the marketing period any time prior to the auction. All of the Farm Program Information is subject to change when the farms are reconstituted by the Madison County Farm Service Agency.

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Tract 1 - Green Lane & 170th Street, Winterset, IA 50273

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Description

Tract 1 consists of 80 acres m/l including approximately 73.4 tillable acres carrying an 87.6 CSR2. Primary soil types include Macksburg, Winterset, and Sharpsburg with more than 89% of the tillable soils holding a CSR2 greater than 83. Tract 1 is located on the north side of the intersection of 170th Street and Green Lane in Sections 6 and 7 of Douglas Township.

Legal Description

The Southwest ¼ of the Southeast ¼ of Section 6 and the Northwest ¼ of the Northeast ¼ of Section 7, Township 76 North, Range 28 West of the 5^th PM in Madison County, Iowa. Exact legal description to be taken from the abstract.

Details

Acres: 80.00 Acres M/L
Net Taxes: $1,974.00
CSR2: 87.00

Directions

From Earlham, travel south on Earlham Rd / Co Hwy P57 approximately 6 miles to 170th St. Turn east onto 170th and continue 1/2 mile. Farm is situated on the north side of 170th St.

From Winterset, travel west on Hwy 92 approximately 4.5 miles. Turn north onto Earlham Rd / Co Hwy P57 and continue 4.75 miles to 170th St. Turn east onto 170th St and continue 1/2 mile. Farm is situated on the north side of 170th St.

Tract 2 - Green Lane, Winterset, IA 50273

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Description

Tract 2 consists of 70.81 acres m/l including approximately 42.7 tillable acres carrying a 79 CSR2 with more than 95% of the tillable soils holding a CSR2 of 78 or higher. Situated on a dead-end road, this secluded tract offers great potential building sites and abundant recreational opportunities with ample wildlife. Balance of the tract consists of an additional 15.5 acres m/l of mature timber along with great access along the North River, which boasts nearly 1/2 mile of frontage along the tract's west side. Tract 2 is located along the west side of Green Lane in Section 18 of Douglas Township.

Legal Description

The West ½ of the Northeast ¼ of Section 18, Township 76 North, Range 28 West of the 5^th P.M., except 7.9 acres in the southwest corner, thereof lying south and west of the river. Exact legal description to be taken from the abstract.

Details

Acres: 70.00 Acres M/L
Net Taxes: $1,250.00

Directions

From Earlham, travel south on Earlham Rd / Co Hwy P57 approximately 6 miles to 170th St. Turn east onto 170th and continue approximately 0.6 miles to Green Ln. Turn south onto Green Ln and continue one mile. Tract 2 is situated on the west side of Green Ln.

From Winterset, travel west on Hwy 92 approximately 4.5 miles. Turn north onto Earlham Rd / Co Hwy P57 and continue 4.75 miles to 170th St. Turn east onto 170th St and continue approximately 0.6 miles to Green Ln. Turn south onto Green Ln and continue one mile. Tract 2 is situated on the west side of Green Ln.

Tract 3 - Green Lane, Winterset, IA 50273

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Description

Tract 3 consists of 75.31 acres m/l including approximately 47.5 tillable acres carrying an 81.4 CSR2 with more than 97% of the tillable soils holding a CSR2 of 78 or higher. Tract 3 is located directly east of Tract 2 on the dead-end Green Lane. This tract also offers seclusion, potential building sites, and recreation with approximately 11 acres of timber, two ponds, pasture, and access to North River in the southeast corner. Tract 3 is located along the east side of Green Lane in Section 18 of Douglas Township.

Legal Description

The East ½ of the Northeast ¼ of Section 18, Township 76 North, Range 28 West of the 5^th P.M. Exact legal description to be taken from the abstract.

Details

Acres: 75.00 Acres M/L
Net Taxes: $1,474.00

Directions

Tract 4 - Green Lane, Winterset, IA 50273

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Description

Tract 4 is a combination of Tract 2 and Tract 3. This tract consists of 146.12 acres m/l including approximately 90.2 tillable acres carrying an 80.3 CSR2, several potential building sites, and incredible recreational opportunities throughout.

Legal Description

The Northeast ¼ of Section 18, Township 76 North, Range 28 West of the 5^th PM, except 7.9 acres in the southwest corner, there of lying south and west of the river. Exact legal description to be taken from the abstract.