Boone County, IA
1011.27 Acres M/L
Peach Avenue
Madrid, IA 50156
Listing | #14660 |

Property Info
Description
Legal Description
Directions
Reserved Items
- Sign On Property: Yes
- MLS Number: 592270
- School District: United Community School District
- General Area: Northwest of Madrid
- Water: Xenia Rural Water
- Zoning: Agriculture
360° Tour
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Interactive Map
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Tracts
Tract 1 - Peach Avenue, Madrid, IA 50156

Tract 2 - Q Avenue, Madrid, IA 50156

Tract 3 - Q Avenue, Madrid, IA 50156

Tract 12 - 304th Lane, Madrid, IA 50156

Tract 11 - Ql Lane, Madrid, IA 50156

Tract 10 - QL Lane, Madrid, IA 50156

Tract 9 - Peach Avenue, Madrid, IA 50156

Description
Details
- Acres: 216.86 Acres M/L
Directions
Downloads
Tract 8 - Peach Avenue, Madrid, IA 50156

Tract 7 - Peach Avenue, Madrid, IA 50156

Tract 5 - Peach Avenue, Madrid, IA 50156

Tract 4 - Peach Avenue, Madrid, IA 50156

Tract 6 - Peach Avenue, Madrid, IA 50156

Auction Details & Terms
Boone County, Iowa Sealed Bid Auction
Offered as individual tracts or any combination
BID SUBMITTAL PROCESS AND DEADLINE:
Sealed Bids for this property will be due to our office, at the address below, prior to 5:00 p.m. CST, on October 23, 2019.
Peoples Company
Attn: Andrew Zellmer
12119 Stratford Drive, Suite B
Clive, IA 50325
712.898.5913
AndrewZ@PeoplesCompany.com
Bids for the Property shall be submitted on the Sealed Bid Submittal Form that can be obtained by contacting Peoples Company. Please make additional copies as necessary. Handwritten bids, if legible, are acceptable. Bids will be accepted by mail or email. Seller reserves the right to select the best bid, counter any bids, or remove the property from the market in its sole and absolute discretion. The successful bid may or may not be the highest bid submitted. Should Seller elect to counter any bid, Bidder shall have the right to rescind their bid or make a counter offer. After this period, the successful Bidder(s) will be notified. Sale of this farm is not contingent upon Buyer financing. All financial arrangements are to have been made prior to submitting a bid. By submitting a bid, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement. Clients must be registered with a listing broker at least 48 hours prior to bid submittal deadline. Participating brokers please contact listing agent for details and forms.
Earnest Money Payment: An earnest money payment of 10% of purchase price will be due upon acceptance and notification of successful offer. 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 take place December 20, 2019 or as agreed upon by the parties, of the awarding of the Property to the successful Bidder(s) subject to preparation and full execution and contract of deeds. Upon acceptance and notification of successful bid, the Buyer will enter into a Real Estate Purchase and Sales Contract.
Possession: Possession of the land will be given at Closing.
Farm Lease & CRP Payments: All leases on the Property have been terminated and the land will be made available upon closing. The seller will retain all of the 2019 CRP payments. Any CRP payments due for 2020 will be given to the buyer of the respective tract.
Contract & Title: Successful buyer 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.
Survey: Preliminary survey work has been done by Fox Engineering on tracts 1-11 to establish acre amounts. It will be the responsibility of each buyer to pay for any and all fees to monument boundaries of purchased tracts if they choose to do so. No additional staking will be paid for by the sellers. Contact listing agent for more details.
Septic System: No updates will be made to the septic by the sellers. Any required septic updates will be the sole responsibility of the buyer.
Access/Easement: Buyer acknowledges that some tracts may only have access by easement or no access. Contact listing agent for details.
Water/Electric: Rural water is provided by Xenia Rural Water Association. Electric is provided by Midland Power Cooperative. Not all tracts have access to rural water or electric. Contact listing agent for details.
Reserved Items/Equipment List: Seller has a list of reserved items on Tract 9 that will not be included in the sale. Tract 9 also has an equipment list that bidders need to state whether they would like the equipment to be included with their bid for Tract 9.
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 Peoples Company, or Seller. All bids will be on a whole dollar amount. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
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.
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