Upcoming Auction
Wayne County, IA
30.00 Acres M/L
1881 135th Street & 1275 N East Street
Corydon, IA 50060
| Price | Click to Bid Online |
| Listing | #18232 |
LAND AGENT & AUCTIONEER
Jared Chambers, CAI
Office: 515.222.1347
Mobile: 641.414.0234
Jared@PeoplesCompany.com
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- MLS Number: 714231
- Parcel Number: 070G18400008, 070G18400008C
- School District: Wayne Community Schools
- General Area: Corydon
- Net Taxes: $2,200.00
- Water: Rural
- Zoning: Ag
Interactive Map
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Auction Details & Terms
Sellers: Rick Williams and Cynthia Miller
Attorney for the Sellers:
Jenna Lain, Attorney at Law
Meyer and Lain
214 S Franklin Street
Corydon, Iowa 50060
Auction Location:
Walden Park Clubhouse (Corydon Golf Course)
501 South East Street
Corydon, Iowa 50060
Attorney for the Sellers:
Jenna Lain, Attorney at Law
Meyer and Lain
214 S Franklin Street
Corydon, Iowa 50060
Auction Location:
Walden Park Clubhouse (Corydon Golf Course)
501 South East Street
Corydon, Iowa 50060
Auction Method: The property will be sold on a “whole dollar amount” basis. Online bidding will be available for this auction through the Peoples Company mobile bidding app.
Farm Program Information: Farm Program Information is provided by the Wayne County Farm Service Agencies. The figures stated in the marketing materials 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 farms are reconstituted by the Wayne 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 a good check or wire transfer. All funds will be held in the Meyer and Lain Trust Account.
Closing: Closing will occur on or around Wednesday, June 25, 2025, at the Meyer and Lain law office in Corydon, Iowa. The balance of the purchase price will be payable at closing in the form of certified check or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession will be given at closing.
2025 Farm Lease: The farm is not rented for the 2025 farm season.
Cell Phone Tower Lease: The current lease pays approximately $7,152.92 per year. Contact the listing agents for more information.
Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Sales Contract and deposit with Meyer and Lain trust account the required earnest money payment. The Seller will provide current abstracts at their expense. The sale of these homes and land is not contingent upon the Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.
Fences: Existing fences, if any, are in as-is condition and will not be updated. All current fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.
Houses & Septic Systems: The property and houses will be sold on an “as is, where is” basis with no warranties or guarantees, expressed or implied, made by the auctioneer, seller, or Peoples Company. The home located at 1881 135th Steet has a septic system that was installed in 2012. The Seller, at the Seller's cost will have the septic system pumped and inspected to ensure the system is in good working order and in compliance with The State of Iowa Time of Transfer Law.
The home located at 1275 N East Street has an old noncompliant septic system and due to The State of Iowa Time of Transfer Law will need to be replaced or the home will need to be demolished. Before time of closing, the new Buyer will sign a binding acknowledgment agreement and with the Wayne County Sanitarian allowing for up to one year to update the existing septic system or demolish the home as per the rules and regulations of their office. A $300 septic permit fee will need to be paid before signing the binding acknowledgement. The Buyer will assume the full expense and responsibility for the installation of a new septic system or demolishing the home. No updates or repairs to the existing septic system will be made by the Sellers.
Rural Water: The homes have separate Rathbun Regional Water Association water service pits.
Electric Service: Alliant Energy has separate electrical meters for each home.
Liquid Propane Tanks: There is a LP tank in place at the home with an address of 1881 135th St. This tank is owned by the sellers and any remaining propane will be included with the sale. There is not a LP tank in place at the home with an address of 1275 N East St.
City of Corydon Easement: There is an ingress/egress easement for the City of Corydon’s sanitary sewer main located on the South side of this property.
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 a good check or wire transfer. All funds will be held in the Meyer and Lain Trust Account.
Closing: Closing will occur on or around Wednesday, June 25, 2025, at the Meyer and Lain law office in Corydon, Iowa. The balance of the purchase price will be payable at closing in the form of certified check or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession will be given at closing.
2025 Farm Lease: The farm is not rented for the 2025 farm season.
Cell Phone Tower Lease: The current lease pays approximately $7,152.92 per year. Contact the listing agents for more information.
Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Sales Contract and deposit with Meyer and Lain trust account the required earnest money payment. The Seller will provide current abstracts at their expense. The sale of these homes and land is not contingent upon the Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.
Fences: Existing fences, if any, are in as-is condition and will not be updated. All current fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.
Houses & Septic Systems: The property and houses will be sold on an “as is, where is” basis with no warranties or guarantees, expressed or implied, made by the auctioneer, seller, or Peoples Company. The home located at 1881 135th Steet has a septic system that was installed in 2012. The Seller, at the Seller's cost will have the septic system pumped and inspected to ensure the system is in good working order and in compliance with The State of Iowa Time of Transfer Law.
The home located at 1275 N East Street has an old noncompliant septic system and due to The State of Iowa Time of Transfer Law will need to be replaced or the home will need to be demolished. Before time of closing, the new Buyer will sign a binding acknowledgment agreement and with the Wayne County Sanitarian allowing for up to one year to update the existing septic system or demolish the home as per the rules and regulations of their office. A $300 septic permit fee will need to be paid before signing the binding acknowledgement. The Buyer will assume the full expense and responsibility for the installation of a new septic system or demolishing the home. No updates or repairs to the existing septic system will be made by the Sellers.
Rural Water: The homes have separate Rathbun Regional Water Association water service pits.
Electric Service: Alliant Energy has separate electrical meters for each home.
Liquid Propane Tanks: There is a LP tank in place at the home with an address of 1881 135th St. This tank is owned by the sellers and any remaining propane will be included with the sale. There is not a LP tank in place at the home with an address of 1275 N East St.
City of Corydon Easement: There is an ingress/egress easement for the City of Corydon’s sanitary sewer main located on the South side of this property.
Personal Property: Any and all remaining personal property at the time of closing will be included with the sale. The sellers will not be responsible for the removal of any personal property after the time of closing.
Site Cleanup: If a site clean-up is required, it will be the new Buyer’s responsibility and at Buyer’s expense.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. The Sellers will convey 100% of whatever mineral rights are owned by the Sellers without warranty.
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 on 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.
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