Offering 155 acres m/l of prime transitional development land located in Polk County, adjacent to the city limits of Altoona and Bondurant. Owners have been approached by Altoona and Bondurant regarding annexation, both of which have future plans that could service this property with utility infrastructure. Property is suitable for a number of end users ranging from data centers to light industrial. Farm consists of 152.97 FSA tillable acres carrying an outstanding 87.6 CSR2. Located along the west side of Franklin St SW/NE 64th St, just north of the Hwy 65 diagonal.
Approximately 155 acres m/l in the South 1/2 of the Northeast 1/4 and the North 1/2 of the Southeast 1/4 in Section 2, Township 79 North, Range 23 West of the 5th PM in Polk County, Iowa. Brief legal description is not to be used on legal documents. Exact legal description to be taken from abstract.
Farm Program Information:
Corn - 124.25 base acres with a PLC Yield of 144.
Beans - 28.65 base acres with a PLC Yield of 54.
Farm is enrolled in ARC-CO. Farm does not contain a wetland.
From the intersection of Interstate 80 and Hwy 65 (Exit 142), travel north/northeast on Hwy 65/NE Hubbell Ave approximately one mile. Turn west/northwest onto Franklin St SW/NE 64th Ave and follow as road curves north continuing approximately one-half mile. Land is situated on the west side of the road.
Sold Date: Sep 26, 2018
Sold at $17,100/acre
Seller Name: Dorothy Crooks Estate
Polk County Land Auction
155 Acres M/L
Wednesday, September 26th, 2018
Dorothy Crooks Estate
American Legion Post 396
315 2nd St NW
Bondurant, IA 50035
Sale Method: Property will be offered as one individual tract. All bids will be on a price per acre basis.
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 good check. All funds will be held in Peoples Company’s Trust Account.
Closing: Closing will occur on or about Friday, October 26th, 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 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 2019 season.
Contract & Title: Immediately upon conclusion of the auction, the winning 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.
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.
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