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Buchanan County, IA
252.00 Acres M/L

Grant Avenue & 130th Street
Hazleton, IA 50641

Price	Click to Bid Online
Listing	#14806

LAND AGENT

Travis Smock

Mobile: 319.361.8089
Travis.Smock@PeoplesCompany.com

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Property Info

Description

Peoples Company is pleased to present 252 acres m/l of high quality farmland in Buchanan County! The land will be sold as four individual tracts. The auction will take place at the American Legion Community Hall in Hazleton, Iowa on Tuesday, February 11th, 2020 at 10:00 AM. The soil types on this farmland portfolio are high producing with CSR2 values well above the Buchanan County average of 75.8.

Tract 1: 80 acres m/l with 77.05 FSA cropland acres carrying a CSR2 value of 77.6.
Tract 2: 40 acres m/l with 37.16 FSA cropland acres carrying a CSR2 value of 82.8.
Tract 3: 92 acres m/l with 91.70 FSA cropland acres carrying a CSR2 value of 78.1.
Tract 4: 40 acres m/l with 39.24 FSA cropland acres carrying a CSR2 value of 82.7.

Drainage tile has been installed on all tracts (See attached Tile Map for known tile location). Any and all farm leases have been terminated and the tracts are open for the 2020 crop year. With multiple local grain markets including the Fairbank Flint Hills Tonal Plant located less than 6 miles away, these tracts would be a great add-on to an existing farm operation or a smart investment for the Buyer looking to diversify their portfolio. The farms are located just West of Hazleton, Iowa in Sections 13 & 24 of Fairbank Township and Sections 18 & 19 of Hazleton Township. Mark your calendars to be with us on February 11th for this opportunity to own northern Iowa farmland!

The land will be sold as two individual tracts using the "Buyers Choice" auction method. All tracts will be sold on a price per acre basis, and the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased. The four tracts will not be offered in their entirety at the conclusion the auction.

Legal Description

Tract 1 (80 Acres M/L): The East Half (E 1/2) of the Southeast Quarter (SE 1/4) of Section 13, Township 90 North, Range 10 West of the 5th P.M., Buchanan County, Iowa.

Tract 2 (40 Acres M/L): The Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) of Section 18, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa.

Tract 3 (92 Acres M/L): The Southeast Quarter of the Northwest Quarter, EXCEPT Parcel A described as the South 344 feet of the East 518 feet of the Southeast Quarter (SE 1/4) of the Northwest Quarter (NW 1/4), and the Southwest Fractional Quarter of the Northwest Quarter, all in Section 19, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa, AND Parcel A in the Southeast Quarter (SE 1/4) of the Northeast Quarter (NE 1/4) of Section 24, Township 90 North, Range 10 West of the 5th P.M., Buchanan County as described in Plat of Survey in File No. 2009R00780.

Tract 4 (40 Acres M/L): The Southwest Quarter (SW 1/4) of the Northeast Quarter (NE 1/4) of Section 19, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa.

Exact Legal Descriptions to be taken from Abstract.

Directions

From Hazleton, Iowa: Travel west on Highway C57 for 2.5 miles to Grant Avenue. Head south on Grant Avenue for 1 mile to 130th Street. Tract 2 is located northwest of this intersection. Tract 1 is located 0.5 mile west on 130th Street on the north side of the road. Tracts 3 & 4 are located 0.25 mile south on Grant Avenue on both sides of the road.

Sign On Property: Yes
Parcel Number: 01.13.400.003, 01.13.400.004, 02.18.300.004, 01.24.200.007, 02.19.100.003, 02.19.100.010, 02.19.200.003
School District: Oelwein & Wapsie Valley School Districts
General Area: West of Hazleton, IA
Net Taxes: $7,448.00
CSR: 81
CSR2: 79.40
Zoning: Ag

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Tracts

Tract 1 - 130th Street, Hazleton, IA 50641

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Description

Tract 1 will be sold as 80 acres m/l and consists of 77.05 FSA tillable acres with a weighted CSR2 value of 77.6. Primary soil types include highly productive Oran, Clyde & Readlyn Loams. This Tract is nearly 100% pattern tiled with a new 12" main added through the waterway in 1998. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 13 of Fairbank Township, Buchanan County and is located on the north side of 130th Street.

FARM DETAILS
FSA Cropland Acres: 77.05
Corn Base: 51.30 Acres with a PLC Yield of 165
Soybean Base: 25.75 Acres with a PLC Yield of 52

Legal Description

The East Half (E 1/2) of the Southeast Quarter (SE 1/4) of Section 13, Township 90 North, Range 10 West of the 5th P.M., Buchanan County, Iowa. Exact Legal Description to be taken from Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 01.13.400.003 & 01.13.400.004
Net Taxes: $2,468.00
CSR2: 77.60

Directions

Travel west on Highway C57 for 2.5 miles to Grant Avenue. Head south on Grant Avenue for 1 mile to 130th Street. Travel 0.5 mile west on 130th Street and Tract 1 is located on the north side of the road.

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Tract 2 - 130th Street & Grant Avenue, Hazleton, IA 50641

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Description

Tract 2 will be sold as 40 acres m/l and consists of 37.16 FSA tillable acres with a weighted CSR2 value of 82.8. Primary soil types include highly productive Bassett, Clyde-Floyd & Oran Loams. This Tract is has tile, however the exact location and type is unknown. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 18 of Hazleton Township, Buchanan County and is located on the northwest corner of the 130th Street/Grant Avenue intersection.

FARM DETAILS
FSA Cropland Acres: 37.16
Corn Base: 24.87 Acres with a PLC Yield of 152
Soybean Base: 12.29 Acres with a PLC Yield of 53

Legal Description

The Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) of Section 18, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa. Exact Legal Description to be taken from Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 02.18.300.004
Net Taxes: $1,140.00
CSR2: 82.80

Directions

Travel west on Highway C57 for 2.5 miles to Grant Avenue. Head south on Grant Avenue for 1 mile to 130th Street. Tract 2 is located northwest of this intersection.

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Tract 3 - Grant Avenue, Hazleton, IA 50641

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Description

Tract 3 will be sold as 92 acres m/l and consists of 91.70 FSA tillable acres with a weighted CSR2 value of 78.1. Primary soil types include highly productive Oran, Clyde & Kenyon Loams. This is nearly 100% pattern tiled with updated tile and mains along the western edge in 1998 as well as 920' of 5" tile and 13,770' of 4" tile on 50' centers installed in 1995. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 19 of Hazleton Township and Section 24 of Fairbank Township, Buchanan County and is located on the west side of Grant Avenue.

FARM DETAILS
FSA Cropland Acres: 91.70
Estimated Corn Base: 70.36 Acres with an Estimated PLC Yield of 164
Estimated Soybean Base: 21.14 Acres with an Estimated PLC Yield of 52

Legal Description

The Southeast Quarter of the Northwest Quarter, EXCEPT Parcel A described as the South 344 feet of the East 518 feet of the Southeast Quarter (SE 1/4) of the Northwest Quarter (NW 1/4), and the Southwest Fractional Quarter of the Northwest Quarter, all in Section 19, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa, AND Parcel A in the Southeast Quarter (SE 1/4) of the Northeast Quarter (NE 1/4) of Section 24, Township 90 North, Range 10 West of the 5th P.M., Buchanan County as described in Plat of Survey in File No. 2009R00780. Exact Legal Description to be taken from Abstract.

Details

Acres: 92.00 Acres M/L
Parcel Number: 01.24.200.007, 02.19.100.003 & 02.19.100.010
Net Taxes: $2,666.00
CSR2: 78.10

Directions

From Hazleton, Iowa: Travel west on Highway C57 for 2.5 miles to Grant Avenue. Head south on Grant Avenue for 1.25 miles. Tracts 3 is located on the west side of the road.

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Tract 4 - Grant Avenue, Hazleton, IA 50641

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Description

Tract 4 will be sold as 40 acres m/l and consists of 39.24 FSA tillable acres with a weighted CSR2 value of 82.7. Primary soil types include highly productive Basset, Oran, Clyde-Floyd & Clyde Loams. This Tract was mostly pattern tiled on 75' centers in 1973 and has since been updated. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season. This property is located in Section 19 of Hazleton Township, Buchanan County and is located on the east side of Grant Avenue.

FARM DETAILS
FSA Cropland Acres: 39.34
Estimated Corn Base: 28.50 Acres with an Estimated PLC Yield of 165
Estimated Soybean Base: 10.71 Acres with an Estimated PLC Yield of 52

Legal Description

The Southwest Quarter (SW 1/4) of the Northeast Quarter (NE 1/4) of Section 19, Township 90 North, Range 9 West of the 5th P.M., Buchanan County, Iowa. Exact Legal Description to be taken from Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 02.19.200.003
Net Taxes: $1,174.00
CSR2: 82.70

Directions

From Hazleton, Iowa: Travel west on Highway C57 for 2.5 miles to Grant Avenue. Head south on Grant Avenue for 1.25 miles. Tracts 3 is located on the east side of the road.

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Auction Details & Terms

Auction Location Map

Buchanan County Land Auction
252 Acres M/L
Offered in Four Tracts
Tuesday, February 11, 2020
10:00 AM

Sellers:
The Marty Woods Estate

Attorney:
Brian Eddy - Roberts & Eddy, P.C., Independence, Iowa

Auction Location:
American Legion Community Hall
105 Hayes Street West
Hazleton, IA 50641

Auction Method: Tracts 1-4 will be sold on a price per acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Buchanan 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 Buchanan 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 the Roberts & Eddy P.C. Trust Account.

Closing: Closing will occur on or before Wednesday, March 11th, 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. Early possession may be allowed. Contact Listing Agent for details.

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 Roberts & Eddy P.C. 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.