Listing #: 14333
161.81 Acres M/L

Greene County, IA
Land Auction
Co Rd P29 / N Avenue & P Avenue / 100th Street
Paton, IA 50217

Agents

PROPERTY INFO

Description

Peoples Company is proud to offer two "Century Farms" consisting of 161.81 acres m/l of highly productive Greene County farmland to be sold as two individual tracts at public auction on Wednesday, November 14th, 2018. The auction will take place at 10:00 AM and to be held at the 209 Main Bar & Restaurant in Paton, Iowa. These "Century Farms" are nearly 100% tillable including 149.95 FSA tillable acres. Tract 1 will be sold as 80 acres m/l and consists of 74.46 FSA tillable acres with a CSR2 of 84.4. Tract 2 will be sold as 81.81 acres m/l and consists of 75.49 FSA tillable acres with a CSR2 of 82.3. Farming rights for 2019 will be made available to winning bidder. Primary soil types include high producing loam soils of Canisteo, Webster, and Nicollet. Tracts are located just northwest of Paton, Iowa and located in Section 3 & 17 of Dawson Township.

Century Farm: These farms are recognized by the State of Iowa as Century Farms that have been in the Mullins family for over 100 years. These farms have not been available to the public since 1905 & 1913. The Mullins family established one of the first Turkey Farms in the area on Tract 2 where the Poultry Building still stands today. The Century Farms Program recognizes and honors those individuals and families who have owned the farmland for 100 years or more. The program began in 1976 as part of the Bicentennial Celebration, when over 5,000 certificates and farm markers were distributed across Iowa at local ceremonies. Since 1976, more than 15,000 families have been recognized. 

Legal Description

Tract 1:
The North Half (N1/2) of the Northwest Quarter (NW1/4) of Section 17, Township 85 North, Range 30 West of the 5th P.M., Greene County, Iowa.
Tract 2:
The North Fractional Half (NFRL1/2) of the Northwest Quarter (NW1/4) of Section 3, Township 85 North, Range 30 West of the 5th P.M., Greene County, Iowa.

Farm Details

FSA Cropland: 149.95
Corn: 73.50 base acres with a PLC Yield of 162
Soybeans: 73.50 base acres with a PLC Yield of 48

Directions

Tract 1 (80 Acres M/L)
From Paton, Iowa: Travel west out of Paton on Co Rd E18 / 130th Street for 6 miles until Co Rd P29 / N Avenue. Turn right (north) on Co Rd P29 / N Avenue for 1 mile and property will be located on the right (east) side of the road. Look for sign. 

Tract 2 (81.81 Acres M/L)
From Paton, Iowa: Travel west out of Paton on Co Rd E18 / 130th Street for 2 miles until R Avenue. Turn right (north) on R Avenue for 3 miles until 100th Street. Turn left (west) on 100th Street for 2 miles and property will be located on the left (south) side of the road. Look for sign. 

Details

  • Sign On Property: Yes
  • Parcel Number: 03-17-100-001, 03-17-100-002, 03-03-100-001, 03-03-100-002
  • School District: Paton - Churdan
  • General Area: Northwest of Paton, Iowa
  • Net Taxes: $4,598.00
  • Online Bidding: Yes
  • Auction Date: Nov 14, 2018
  • Possession: At Closing, Subject To Tenant's Rights
  • Terms: Cash, Conventional

Auction Details

Greene County Land Auction
161.81 Acres M/L
Offered in Two Separate Tracts
Wednesday, November 14th, 2018
10:00 AM

Sellers:
Heirs of the Late Floyd & Ora Mullins:
Peggy Wilber
David Mullins
Larry Mullins Estate (Jennifer Wadlow)
Garry Mullins

Attorney:  Lee Johnson of Johnson Law Firm – Ogden, Iowa

Auction Location:
209 Main Bar & Restaurant
209 S. Main Street
Paton, Iowa 50217

Auction Method: Tract 1 and Tract 2 will be offered separately and will not be combined at any point during the auction.

Farm Program Information: Farm Program Information is provided by the Greene 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 Greene 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 Peoples Company’s Trust Account.

Closing: Closing will occur on or about Friday, December 28th, 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 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 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, 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.

Location


Tract 1Co Rd P29 / N Avenue & 120th Street, Paton, IA 50217

Description

Tract 1 will be sold as 80 acres m/l and consists of 74.46 FSA tillable acres with a CSR2 of 84.4. Soil types include Canisteo, Nicollet, and Clarion Loams. Located on the west side of the property is an older 24' by 27' Corn Crib built in 1956. Farm is located in Sections 17 of Dawson Township, Greene County, Iowa. 

**A public highway easement with Greene County is located on the west 50 feet of the property along Co Rd P29 containing 0.15 acres m/l. Contact Agent for details. 

Legal Description

The North Half (N1/2) of the Northwest Quarter (NW1/4) of Section 17, Township 85 North, Range 30 West of the 5th P.M., Greene County, Iowa.

Directions

From Paton, Iowa: Travel west out of Paton on Co Rd E18 / 130th Street for 6 miles until Co Rd P29 / N Avenue. Turn right (north) on Co Rd P29 / N Avenue for 1 mile and property will be located on the right (east) side of the road. Look for sign. 

Details
  • Acres: 80.00 Acres M/L
  • Parcel Number: 03-17-100-001, 03-17-100-002
  • School District: Paton - Churdan
  • Net Taxes: $2,072.00
  • CSR2: 84.40
Attachments

Tract 2P Avenue & 100th Street, Paton, IA 50217

Description

Tract 2 will be sold as 81.81 acres m/l and consists of 75.49 FSA tillable acres with a CSR2 of 82.3. Soil types include Canisteo, Nicollet, and Clarion Loams. Farm is located in Sections 3 of Dawson Township, Greene County, Iowa.

The property features a vacant Single-Family 1 1/2 Story House that was built in 1918 and has 1,142 Sq/Ft of Total Living Area. Farm improvements include a Steel Utility Morton Building with 3,024 Sq/Ft measuring 42' by 72' built in 1969, Poultry House with 2,200 Sq/Ft measuring 20' by 110' built in 1970, and two Detached Garages measuring 12' by 18' and 20' by 22'.  Dwellings will be sold "As Is, Where Is". Buyer will be responsible for the cost of any improvement, replacement, or repairs to the current septic / wastewater treatment system. Buyer will be required to sign a binding agreement with the Department of Natural Resources (DNR) at Closing as part of the "Time of Transfer" requirement with the Ground Water Hazard Statement. This is an acknowledgement by Buyer to either vacate / demolish or improve / update the current septic system per Iowa Law. Contact Agent for further details.

Legal Description

The North Fractional Half (NFRL1/2) of the Northwest Quarter (NW1/4) of Section 3, Township 85 North, Range 30 West of the 5th P.M., Greene County, Iowa.

Directions

From Paton, Iowa: Travel west out of Paton on Co Rd E18 / 130th Street for 2 miles until R Avenue. Turn right (north) on R Avenue for 3 miles until 100th Street. Turn left (west) on 100th Street for 2 miles and property will be located on the left (south) side of the road. Look for sign.

Details
  • Acres: 81.81 Acres M/L
  • Parcel Number: 03-03-100-001, 03-03-100-002
  • School District: Paton - Churdan
  • Net Taxes: $2,526.00
  • CSR2: 82.30
Attachments

INTERACTIVE MAP

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DRONE VIDEO

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PHOTOS

Tract 1 Photos

Tract 2 Photos