Fremont County, IA

Multiple Addresses
Shenandoah, IA 51601

572.57 Acres M/L

Listing #: 14795

Shirley Pease Estate

Agents

Bid Now!

PROPERTY INFO

Description

Peoples Company is proud to present 572.57 acres m/l of high quality Fremont County farmland to be sold at public auction Friday, February 21st, 2020 at 10:00 am at the Elks Lodge in Shenandoah, IA. The auction will consist of four outstanding tracts with highly productive soils and strong yield potential. Any and all farm leases have been terminated and the tracts are open for the 2020 crop year.

The farms will be sold on a price per acre basis with tracts 3 & 4 being sold using the "choice" method of auction. The successful bidder will have the choice to take one or both of those particular tracts. These farms have been in the family for many years and have had extensive tile and terrace work done to maximize productivity. All four tracts would make great add-ons to existing farm operations and/or diversify your investment portfolio. Don't miss this opportunity!

Legal Description

Tract 1 (60 acres M/L):

The Northeast Quarter (NE 1/4) of the Southeast Quarter (SE 1/4) and the East Half (E 1/2) of the Northwest Quarter (NW 1/4) of the Southeast Quarter (SE 1/4) all in Section 15 Township 67 North Range 40 West of the 5th PM in Fremont County, Iowa. Exact legal will be taken from the abstract.

Tract 2 (126 acres M/L):

The Southwest Quarter (SW 1/4) lying North and West of Mill Creek in Section 7 Township 67 North Range 40 West of the 5th PM in Fremont County, IA. Exact legal will be taken from the abstract.

Tract 3 (133.6 acres M/L):

The Northwest Quarter (NW 1/4) Northwest Quarter (NW 1/4), the Northeast Quarter (NE 1/4) Northwest Quarter (NW 1/4), the Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4), and the Southeast Quarter (SE 1/4) Northwest Quarter (NW 1/4) all located in Section 14, Township 67 North, Range 40 West of the 5th PM, Fremont County, Iowa, EXCEPT Parcel B of said Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4) and ALSO EXCEPT Parcel C of said Southeast Quarter (SE 1/4) Northwest Quarter (NW 1/4) of said Section 14. Legal will be taken from the abstract.

Tract 4 (252.97 acres M/L):

Parcel B of the Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4), together with Parcel C of the Southeast (SE 1/4) Northwest Quarter (NW 1/4), together with the Northwest Quarter (NW 1/4) Southwest Quarter (SW 1/4) EXCEPT Parcel A of said Northwest Quarter (NW 1/4) Southwest Quarter (SW 1/4), together with the Northeast Quarter (NE 1/4) Southwest Quarter (SW 1/4), together with the Northwest Quarter (NW 1/4) Southeast Quarter (SE 1/4), together with the Northeast Quarter (NE 1/4) Southeast Quarter (SE 1/4) EXCEPT all that part of U.S. Highway No. 59, together with the Southeast Quarter (SE 1/4) Southeast Quarter (SE 1/4) EXCEPT all that part of U.S. Highway No. 59, together with the Southwest Quarter (SW 1/4) Southeast Quarter (SE 1/4) EXCEPT Parcel A of said Southwest Quarter (SW 1/4) Southeast Quarter (SE 1/4), together with the Southeast Quarter (SE 1/4) Southwest Quarter (SW 1/4), together with the Southwest Quarter (SW 1/4) Southwest Quarter (SW 1/4), all located in Section 14, Township 67 North, Range 40 West of the 5th PM, Fremont County, Iowa. Legal will be taken from the abstract.

  • Sign On Property: Yes
  • MLS Number: 596781
  • School District: Shenandoah
  • General Area: Shenandoah
  • Online Bidding: Yes
  • Auction Date: Feb 21, 2020
  • Possession: At Closing
  • Terms: Cash, Conventional

Directions

Tracts 1, 3 & 4

From Shenandoah travel South on Highway 59 for approximately 9.8 miles then turn West onto County Road J56. Travel 1 mile and turn back South onto 410th Ave. Tract 1 is situated approximately .5 miles down on the West side of the road. Tracts 3 & 4 are located on the East side of the road with Tract 3 beginning on the Southeast corner of County Road J56 and 410th Avenue and Tract 4 beginning on the South side of the ditch.

Tract 2

From Shenandoah travel South on Highway 59 for approximately 5.8 miles then turn West onto County 250th St. Continue for approximately 5 miles and turn South onto 370th Ave. The farm is located approximately 3.8 miles down on the East side of the road.


Auction Details

Fremont County Land Auction
572.57 Acres M/L
Offered in Four Separate Tracts
Friday, February 21st, 2020
10:00 AM

Auction Location:
Elks Lodge
701 S Fremont Street
Shenandoah, Iowa 51601

Auction Method: Tracts 1-4 will be sold on a price per acre basis and ONLY tracts 3 and 4 will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, either one or both tracts for their high bid. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Fremont 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 Fremont 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, March 27th, 2020. 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 given at Closing.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2020 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


Description

Tract 1 consists of 60 acres m/l of high quality Fremont County farmland. There are 58.3 FSA tillable acres with a CSR2 of 85.3. Primary soil types include Marshall silty clay loam and Colo-Judson silty clay loams. This property is located in Section 15 of Locust Grove Township.

FARM DETAILS
FSA Cropland Acres: 58.3
Corn: 200 Base Acres with a PLC Yield of 146
Soybeans: 199.5 Base Acres with a PLC Yield of 42


*DCP Crop data is based on whole farm information and will be adjusted according by the Fremont County FSA Office after the farmland has been reconstituted.

Legal Description

The Northeast Quarter (NE 1/4) of the Southeast Quarter (SE 1/4) and the East Half (E 1/2) of the Northwest Quarter (NW 1/4) of the Southeast Quarter (SE 1/4) all in Section 15 Township 67 North Range 40 West of the 5th PM in Fremont County, Iowa. Exact legal will be taken from the abstract.

Details
  • Acres: 60.00 Acres M/L
  • Parcel Number: 080080251000000, 080080252000000
  • School District: Shenandoah
  • Net Taxes: $2,042.00
  • CSR2: 85.30

Directions

From Shenandoah travel South on Highway 59 for approximately 9.8 miles then turn West onto County Road J56. Travel 1 mile and turn back South onto 410th Ave. The farm is situated approximately .5 miles down on the West side of the road.


Description

Tract 2 consists of 126 acres m/l of high quality Fremont County farmland. There are 120.39 FSA tillable acres with a CSR2 of 75.6 that have been tiled and terraced. Primary soil types include Colo-Judson silty clay loam, Marshall silty clay loam and Nowaday silt loam. This tract would make an excellent building site with great views of the Southern Iowa landscape and also includes a 40 x 60 Steel Utility Building, and two 21x15 Grain Bins. This property is located in Section 7 of Locust Grove Township.

FARM DETAILS

FSA Cropland Acres: 120.39
Corn: 56.6 Base Acres with a PLC Yield of 186
Soybeans: 56.6 Base Acres with a PLC Yield of 43

Legal Description

The Southwest Quarter (SW 1/4) lying North and West of Mill Creek in Section 7 Township 67 North Range 40 West of the 5th PM in Fremont County, IA. Exact legal will be taken from the abstract.

Details
  • Acres: 126.00 Acres M/L
  • Parcel Number: 080080111000000, 080080112000000, 080080109000000, 080080110000000
  • School District: Shenandoah
  • Net Taxes: $3,850.00
  • CSR2: 75.60

Directions

From Shenandoah travel South on Highway 59 for approximately 5.8 miles then turn West onto County 250th St. Continue for approximately 5 miles and turn South onto 370th Ave. The farm is located approximately 3.8 miles down on the East side of the road.


Description

Tract 3 consists of approximately 133.6 acres m/l of high quality Fremont County farmland. There are 122.86 FSA tillable acres with a CSR2 of 71.3 and features extensive tile and terrace work. Primary soil types include Marshall silty clay loam and Colo-Judson silty clay loams. This property is located in Section 14 of Locust Grove Township.

FARM DETAILS

FSA Cropland Acres: 122.86
Corn: 200 Base Acres with a PLC Yield of 146
Soybeans: 199.5 Base Acres with a PLC Yield of 42


*DCP Crop data is based on whole farm information and will be adjusted according by the Fremont County FSA Office after the farmland has been reconstituted.

Legal Description

The Northwest Quarter (NW 1/4) Northwest Quarter (NW 1/4), the Northeast Quarter (NE 1/4) Northwest Quarter (NW 1/4), the Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4), and the Southeast Quarter (SE 1/4) Northwest Quarter (NW 1/4) all located in Section 14, Township 67 North, Range 40 West of the 5th PM, Fremont County, Iowa, EXCEPT Parcel B of said Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4) and ALSO EXCEPT Parcel C of said Southeast Quarter (SE 1/4) Northwest Quarter (NW 1/4) of said Section 14. Legal will be taken from the abstract.

Details
  • Acres: 133.60 Acres M/L
  • Parcel Number: 080080225000000, 080080224000000, 080080227000000, 080080226000000
  • School District: Shenandoah
  • Net Taxes: $9,474.00
  • CSR2: 71.30

Directions

From Shenandoah travel South on Highway 59 for approximately 9.8 miles then turn West onto County Road J56. Travel 1 mile and the farm is situated on the Southeast corner of County Road J56 and 410th Avenue.


Description

Tract 4 consists of  approximately 252.97 acres m/l of high quality Fremont County farmland. There are 240.56 FSA tillable acres with a CSR2 of 70 and features extensive tile and terrace work. Primary soil types include Colo-Judson silty clay loam and Marshall silty clay loam. There is convenient access from 410th Avenue, County Rd. J60, and Highway 59. This property is located in Section 14 of Locust Grove Township.

FARM DETAILS

FSA Cropland Acres: 240.56
Corn: 200 Base Acres with a PLC Yield of 146
Soybeans: 199.5 Base Acres with a PLC Yield of 42


*DCP Crop data is based on whole farm information and will be adjusted according by the Fremont County FSA Office after the farmland has been reconstituted.

Legal Description

Parcel B of the Southwest Quarter (SW 1/4) Northwest Quarter (NW 1/4), together with Parcel C of the Southeast (SE 1/4) Northwest Quarter (NW 1/4), together with the Northwest Quarter (NW 1/4) Southwest Quarter (SW 1/4) EXCEPT Parcel A of said Northwest Quarter (NW 1/4) Southwest Quarter (SW 1/4), together with the Northeast Quarter (NE 1/4) Southwest Quarter (SW 1/4), together with the Northwest Quarter (NW 1/4) Southeast Quarter (SE 1/4), together with the Northeast Quarter (NE 1/4) Southeast Quarter (SE 1/4) EXCEPT all that part of U.S. Highway No. 59, together with the Southeast Quarter (SE 1/4) Southeast Quarter (SE 1/4) EXCEPT all that part of U.S. Highway No. 59, together with the Southwest Quarter (SW 1/4) Southeast Quarter (SE 1/4) EXCEPT Parcel A of said Southwest Quarter (SW 1/4) Southeast Quarter (SE 1/4), together with the Southeast Quarter (SE 1/4) Southwest Quarter (SW 1/4), together with the Southwest Quarter (SW 1/4) Southwest Quarter (SW 1/4), all located in Section 14, Township 67 North, Range 40 West of the 5th PM, Fremont County, Iowa. Legal will be taken from the abstract.

Details
  • Acres: 252.97 Acres M/L
  • Parcel Number: 080080226000000, 080080227000000, 080080229000000, 080080234010000 080080235000000, 080080232000000, 080080233000000 080080228000000,
  • School District: Shenandoah
  • Net Taxes: $10,114.00
  • CSR2: 70.00

Directions

From Shenandoah travel South on Highway 59 for approximately 11 miles then turn West onto County Road J60. The Southeast corner of the property is located on the Northwest corner of Highway 59 and County Road J60.


INTERACTIVE MAP

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PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos

Tract 4 Photos