Listing #: 14064
447.51 Acres M/L

Adair County, IA
Adair County Land Auction - 447.51 Acres M/L
Spellman Estate
Greenfield, IA 50849

Agents

PROPERTY INFO

Description

Offering 447.51 acres m/l of highly productive Adair County farmland to be sold in three tracts at public auction on Friday, February 9, 2018 at the Adair County Fairgrounds 4H & FFA Building in Greenfield, Iowa. Please continue scrolling for detailed information about the auction and each individual tract.

Sold Date: Mar 23, 2018

Sold at $0/acre

Seller Name: Spellman et al

Details

  • Net Taxes: $9,232.00
  • Online Bidding: Yes
  • Auction Date: Feb 9, 2018
  • Possession: At Closing Subject to Tenant's Rights
  • Terms: Cash, Conventional

Auction Details

Adair County Land Auction
447.51 Acres M/L
Friday, February 9, 2018
10:00 AM

Auction Location:
Adair County Fairgrounds
4H & FFA Building
900 NE Elm Street
Greenfield, IA 50849

Auction Method:  Farm will be offered in three separate tracts.  All bids will be on a price per acre amount.

Farm Program Information:  Farm Program Information is provided by the Adair County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Adair County FSA and NRCS offices.

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 the Peoples Company Trust Account.

Closing:  Closing will occur on or about Friday, March 23rd, 2018. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession:  Full possession of the farm will be given at closing, subject to tenant rights.

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

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 obtaining 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 or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller.  Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent 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. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers.

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 in the marketing material and will be subject to change. Buyer(s) should perform their 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.

Brokers Protected:  Clients must be registered with a listing broker at least 48 hours prior to start of auction. Participating brokers please contact auctioneer for details and forms.


Tract 1320th Street & County Road P33, Creston, IA 50801

Description

Tract 1 consists of 167 acres m/l including approximately 141.52 tillable acres with a CSR2 of 63.5. The farm contains high quality soils like Sharpsburg, Colo, and Clearfield silty clay loam. Tract 1 is located on the north side of the intersection of County Road P33 and 320th Street in Section 19 of Union Township.

Legal Description

167 acres lying in the Southwest ¼ of Section 19, Township 74 North, Range 30 West of the 5th PM in Adair County, Iowa. Exact legal description to be taken from the abstract.

Directions

Directions: From Orient, head east on 310th Street for approximately 3 miles. When you reach County Road P33, head south for 1 mile until you reach 320th Street. Farm will be on the east side of the road.

 


Tract 2200th St & County Rd N72, Fontanelle, IA 50846

Description

Tract 2 consists of 80 acres m/l including approximately 73 tillable acres carrying a 65.1 CSR2. The farm contains high quality soils like Sharpsburg, Colo, and Shelby silty clay loam. Tract 2 is located just off of County Road N72 on the south side of 200th Street in Section 29 of Prussia Township.

Legal Description

80 acres lying in the East ½ of the Northwest ¼ of Section 29, Township 76 North, Range 32 West of the 5th P.M. in Adair County, Iowa. Exact legal description to be taken from the abstract.

Directions

From Fontanelle, head north on County Road N72 for approximately 5 miles. When you reach 200th St, head east for ½ mile. The farm will be on the south side of the road.

 


Tract 3210th St & County Rd N72, Fontanelle, IA 50846

Description

Tract 3 consists of 120 acres m/l including approximately 103.24 tillable acres carrying a 68.2 CSR2. The farm contains high quality soils like Sharpsburg, Colo, and Kennebec silty clay loam. Tract 3 is located northwest of the intersection of County Road N72 and 210th Street in Section 29 of Prussia Township.

Legal Description

120 acres lying in the Northwest ¼ Southwest ¼ & East ½ Southwest ¼ of Section 29, Township 76 North, Range 32 West of the 5th PM in Adair County, Iowa. Exact legal description to be taken from the abstract.

Directions

From Fontanelle, head north on County Road N72 for approximately 4.5 miles. When you reach 210th St, head east for ½ mile. The farm will be on the north side of the road.

 


Tract 2210th Street & County Road N72, Fontanelle, IA 50846

Description

Tract 2 consists of 200 acres m/l including approximately 179.1 tillable acres with a CSR2 of 66.9. The farm contains high quality soils like Sharpsburg, Colo, and Shelby silty clay loam. Tract 2 is located just off of County Road N72 on the north side of 210th Street in Section 29 of Prussia Township.

Legal Description

200 acres lying in the East ½ Northwest ¼ & the East ½ Southwest ¼ & the Northwest ¼ Southwest ¼ of Section 29, Township 76 North, Range 32 West of the 5th P.M. in Adair County, Iowa. Exact legal description to be taken from the abstract.

Directions

From Fontanelle, head north on County Road N72 for approximately 4.4 miles. When you reach 210th Street, head east for ½ mile. The farm will be on the north side of the road.

 


Tract 3200th Street & County Road N72, Fontanelle, IA 50846

Description

Tract 3 consists of 80.51 acres m/l including approximately 63.27 tillable acres carrying a 56.6 CSR2. The farm contains high quality soils like Sharpsburg and Colo silty clay loam. Tract 3 is located southwest of the intersection of County Road N72 and 200th Street in Section 30 of Prussia Township.

Legal Description

80.51 acres lying in the East ½ Northeast ¼ of Section 30, Township 76 North, Range 32 West of the 5th PM in Adair County, Iowa. Exact legal description to be taken from the abstract.

Directions

From Fontanelle, head north on County Road N72 for approximately 4.5 miles. The farm will be on the west side of the road.

 


DRONE VIDEO

Click the “play” button below to watch an aerial drone video of this property.

ATTACHMENTS

PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos

Tract 2 Photos

Tract 3 Photos