Offering 400 acres m/l of high quality Warren County farmland, recreational land, and executive building sites to be sold in six separate tracts at public auction on Friday, August 31st at 10:00 AM at the American Legion Hall in Indianola, Iowa. Please continue scrolling for detailed information about the auction and each individual tract.
See attachments labeled "survey" for legal descriptions of each individual tract.
Warren County Land Auction
400.10 Acres M/L
Friday, August 31st, 2018
American Legion Hall
105 W 1st Ave
Indianola, IA 50125
Auction Method: Farm will be offered in six separate tracts. All bids will be on a price per acre basis.
Farm Program Information: Farm Program Information is provided by the Warren 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 Warren County FSA and NRCS offices.
Earnest Money Payment: A 15% 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, October 5th, 2018. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.
Possession: Possession of each tract will be granted upon closing.
Farm Lease: The farm currently has no leases in place. Buyer will take full possession at closing.
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.
Personal Property: Any and all personal property owned by any party shall be removed prior to the public auction. Any and all remaining personal property left on the property at time of closing will stay and be included with the sale.
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 abstracts.
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 1 consist of 65.7 acres m/l including approximatley 60.69 FSA tillable acres carrying a 83.9 CSR2. Primary soil types include Winterset & Mackaburg silty clay loam and Givin silt loam. This farm is located on the southeast corner of the intersection of Nevada Street and 173rd Avenue in Section 14 of Otter Township.
The Northwest Quarter of the Northeast Quarter & The Northeast Quarter of the Northwest Quarter Except all land in the Northeast Quarter of the Northwest Quarter lying west of 173rd Ave. All in Section 14 Township 75 N Range 23 West of the 5th PM Warren County, Iowa. Exact legal to be taken from survey
From the intersection of Highway S-23 and G-58 in Milo: Take Highway S-23 north one mile to Nevada Street. Go west on Nevada Street 1 1/2 miles to 173rd Avenue. The property is on the south side of Nevada Street and on the east side of 173rd Ave
113.6 m/l acres with ranch style home. The secluded brick ranch home features 3 bedrooms, 1.5 bathrooms, full basement, and double garage. The home needs work and is being sold “As Is”. The farm has an abundance of beautiful timberland, multiple ponds, and other open fields that were once in crop and hay production. The original cattle working facilities are located on the east side of the farm including older metal buildings and grain bins. This farm also offers premium recreational opportunities.
To be taken from survey
From Milo, Iowa, head west out of town on Highway G58 for 1 mile. Turn right onto 180th Avenue. Follow 180th Avenue for 1 mile until you reach a 4 way intersection. Turn left onto Nevada Street and follow for 1 mile until you reach the Nevada Street/SE 16th Avenue intersection. The farm will sit on the south side of Nevada Street. Look for company signs.
78.8 m/l acre farm with 11.89 FSA tillable acres. These 2 tillable fields have highly productive soils with an average CSR2 of 74.1. This is a great farm that would make an excellent hobby farm, building site, and/or hunting farm. Numerous pond sites and tons of big hardwood timber. There is gravel road access to the SE corner of the farm.
To be taken from Survey
From Milo, Iowa, head west out of town on Highway G58 for 2 miles. Turn right onto 173rd Avenue. Follow 173rd Ave for 1 mile. The farm will sit on the west side of 173rd Avenue. Look for company signs.
39.9 acre combination farm with highway frontage and several nice building locations to build your dream home. This farm is currently in grass, but many of 22 m/l FSA tillable acres could be put back into crop or hay production. These tillable acres have a high average CSR2 rating of 80. Utilities are located on the south and east roads.
To be taken from survey
From Milo, Iowa, head west out of town on Highway G58 for 2 miles. Turn right onto 173rd Avenue. Follow 173rd Avenue for a quarter mile and the farm will sit on the west side of the road. Look for company signs on the south end of the property, along the north side of Highway G58.
92.1 m/l acre recreational farm has a great mix of habitat with mature hardwood timber, open areas for crop production or food plots, and Otter Creek river access. In the past 28 m/l FSA tillable acres were used for crops and hay production. These acres have an excellent CSR2 rating of 79.2. This farm also has a nice southern exposure building site with paved highway access and water and electric available at the road.
To be taken from survey
From Milo, Iowa, head west out of town on Highway G58 for 2 miles. The farm will sit on the north side of Highway G58, just east of Otter Creek. Company signs will be posted along the north side of Highway G58.
10 m/l acres of big timber. Farm is bordered by Warren county public hunting land to the east.
To be taken from survey
From Milo, Iowa, head north out of town on Highway S23 for 1 mile. Turn left onto Nevada Street and follow for 1.7 miles until you reach SE 16th Avenue. Follow SE 16th Avenue for .3 miles until the road turns into Nebraska Street. Follow Nebraska Street for .5 miles, which will then turn into 168th Avenue. Go 1.8 miles on 168th Avenue and the farm will sit on the west side of the road. Look for company signs.
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