Allamakee County, IA
Clayton County, IA


534.50 Acres M/L
AUCTION

Listing #16045

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PROPERTY INFO

Description

Major Northeast Iowa Land Auction! Peoples Company is pleased to introduce an exceptional opportunity to own 534.5 acres m/l of farmland located in Allamakee and Clayton Counties. The farms will be offered in four individual tracts through the "Buyer's Choice" auction method at 10:00 AM on Friday, April 1, 2022, at the Luana Savings Bank Meeting Hall in Luana, Iowa. These farms are made of mainly Fayette and Downs silt loams, which are exceptional soil types known to outperform their perspective CSR2 ratings. Tracts 1, 3, and 4 are a high percentage tillable for the area and Tract 2 offers an excellent blend of high quality soils and timberland. Tracts 3 and 4 offer the unique opportunity to own a highly profitable farm with added recreational value. These tracts would be great add-ons for existing farming operations or a rare opportunity for a land investor to put a large portfolio together within the area. The leases on each farm have been terminated and are open for the 2022 season. Extensive fall tillage work and fertility inputs have been applied and will be included within the sales price of each tract. Contact Agent(s) for details.

Tract 1: 73.50 acres m/l with 67.47 FSA tillable acres carrying a CSR2 of 58.7. Located southeast of Waukon, Iowa.
Tract 2: 203.07 acres m/l with 152.52 FSA tillable acres carrying a CSR2 of 55.7. Over 9.5 acres of pasture and 33 acres of timberland. Located northeast of Postville, Iowa.
Tract 3: 149.92 acres m/l with 137.69 FSA tillable acres carrying a CSR2 of 68.6. Located east of Postville, Iowa.
Tract 4: 108.01 acres m/l with 101.92 FSA tillable acres carrying a CSR2 of 30.5. Located northeast of Monona, Iowa.

These farms will be offered via public auction as four individual tracts via the “Buyer’s Choice” auction method through a live in-person auction as well as a virtual live online auction bidding option. The auction will take place at 10:00 AM on Friday, April 1st at the Luana Savings Bank Meeting Hall - 100 Harvest Drive, Luana, Iowa 52156. With the "Buyers Choice" auction method 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 and removed from the auction. The tracts will not be offered in their entirety or any combination at the conclusion of the auction. Tracts 1-3 are located in Jefferson, Post, and Franklin Township, Allamakee County, Iowa, and Tract 4 is located in Giard Township, Clayton County, Iowa.

  • Sign On Property: Yes
  • MLS Number: 646466
  • General Area: Northeast Iowa
  • Online Bidding: Yes
  • Auction Date: Apr 1, 2022
  • Possession: At Closing. Early Possession Available. Ask Agent(s) for details.
  • Terms: Cash

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Auction Details

Allamakee & Clayton County Land Auction
534.50 Acres M/L
Offered in Four Tracts
Friday, April 1st, 2022
10:00 AM

Auction Location: 
Luana Savings Bank Meeting Hall
100 Harvest Drive
Luana, IA 52156

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Auction Method: All four tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, one, two, three, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 73.50 Acres M/L | Allamakee County
Tract 2: 203.07 Acres M/L | Allamakee County
Tract 3: 149.92 Acres M/L | Allamakee County
Tract 4: 108.01 Acres M/L | Clayton County

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Allamakee & Clayton 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 Allamakee & Clayton 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 BrownWinick Trust Account.

Closing: Closing will occur on or before Thursday, May 5th, 2022. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Seller may grant buyer early possession to the property, at Seller’s sole discretion. Prior to Seller granting early possession, the buyer will be required to execute and sign a valid lease agreement satisfactory to the Seller. The buyer will assume any and all liability and risk related to the buyer’s use of the property during the early possession period. In the event the buyer does not purchase the property, the Buyer will not be entitled to receive reimbursement for any expenses

Farm Lease: The farm is “open” for the 2022 cropping season. 

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with BrownWinick the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

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 1 - Red School Road/Peterson Hollow Drive, Waukon, IA 52172

Description

Tract one consists of 73.50 acres m/l with 67.47 FSA tillable acres carrying a CSR2 of 58.7. The primary soil type is the highly productive Fayette silt loam. Fall fertilizer, nitrogen, and rye have been applied to this tract. The farm is located southeast of Waukon, Iowa at the corner of Red School Road and Peterson Hollow Drive in Jefferson Township of Allamakee County.

Legal Description

The South Half of the Southeast Quarter (EXCEPT Lot 1 in the Southeast Quarter of the Southeast Quarter) of Section 27, Township 97 North, Range 5, West of the 5th P.M., Allamakee County, Iowa. Exact legal description will be taken from Abstract. 

Details
  • Acres: 73.50 Acres M/L
  • Parcel Number: 1527400003
  • School District: Allamakee Community
  • Net Taxes: $1,822.00
  • CSR2: 58.70

Directions

From Waukon: Travel South on Highway 9 for one mile to the T intersection. At the T, travel east/southeast on Highway 76 for 4.5 miles to Red School Road. Head south on Red School Road for 1.5 miles to the intersection of Red School Road and Peterson Hollow Drive. The farm is located on the northwest corner of the intersection.


Tract 2 - Daffodil Road, Postville, IA 52162

Description

Tract two consists of 203.07 acres m/l with 152.52 FSA tillable acres carrying a CSR2 of 55.7. The primary soil type is the highly productive Fayette silt loam. There is an additional 9.56 acres m/l currently in pasture and over 33 acres of timber creating a great recreational value-add. Fall manure, nitrogen, and rye were applied on this tract along with some fall tillage work. This farm is located northeast of Postville, Iowa at the end of Daffodil Road in Post and Jefferson Townships of Allamakee County.

Legal Description

Lot 1 in the Southeast Quarter of the Northeast Quarter of Section 13, Township 96 North, Range 6 West of the 5th P.M., Allamakee County, Iowa, according to Plat recorded on November 1, 2005 in Book U, Pages 215-217;

AND ALSO,

Lot 1 in the Southeast Quarter of the Northwest Quarter; Lot 1 and Lot 2 in the Fractional Southwest Quarter of the Northwest Quarter; Lot 1 and Lot 2 in the Fractional Northwest Quarter of the Southwest Quarter; the Northeast Quarter of the Southwest Quarter; the Southeast Quarter of the Southwest Quarter; and the Fractional Southwest Quarter of the Southwest Quarter, all in Section 18, Township 96 North, Range 5 West of the 5th P.M., according to Plat recorded November 1, 2005 in Book U, Pages 215-217, 

EXCEPT Lot 1 of Lot 1 and Lot 1 of Lot 2 in the Fractional Northwest Quarter of the Southwest Quarter of Section 18, Township 96 North, Range 5 West of the 5th P.M., according to Subdivision Plat recorded November 28, 2016, in Book A-6, Page 402.

Exact legal description will be taken from Abstract. 

Details
  • Acres: 203.07 Acres M/L
  • Parcel Number: 2018300003; 2018300008; 2018300010; 1913200009
  • School District: Postville Community
  • Net Taxes: $4,908.00
  • CSR2: 55.70

Directions

From Postville: Travel northeast out of town on Cherry Valley Drive for 5 miles to Daffodil Road. Head north on Daffodil Road for 0.25 miles and the farm will be located on the east side of the road.


Tract 3 - Jackson Hollow Drive/Shady Lane Road, Postville, IA 52162

Description

Tract three consists of 149.92 acres m/l with 137.69 FSA tillable acres carrying a CSR2 of 68.6. The primary soil types are the highly productive Downs and Fayette silt loams. Fall tillage has been done and fertilizer, line, and rye were applied. This tract is located east of Postville, Iowa at the corner of Jackson Hollow Drive and Shady Lane Road in Jefferson Township of Allamakee County.

Legal Description

The Southwest Quarter,

EXCEPT, Lot 1 in the Southwest Quarter, according to Plat recorded May 2, 1996, in Book N, Pages 296-297;

AND FURTHER EXCEPT, Lot 1 in the Northeast Quarter of the Southwest Quarter, according to Plat recorded November 12, 2004, in Book T, Page 175;

AND FURTHER EXCEPT, Lot 2 in the Northeast Quarter of the Southwest Quarter, according to Subdivision Plat recorded December 12, 2016, in Book A-6, Pages 423-431,

all in Section 20, Township 96 North, Range 5 West of the 5th P.M., Allamakee County, Iowa;

Subject to public highways.

Exact legal description will be taken from Abstract. 

Details
  • Acres: 149.92 Acres M/L
  • Parcel Number: 2020300001
  • School District: Postville Community
  • Net Taxes: $5,206.00
  • CSR2: 68.60

Directions

From Postville: Travel northeast out of town on Cherry Valley Drive for 55 miles to Forest Mills Road Road. Head south on Forest Mills Road for 0.5 miles to Jackson Hollow Road. Turn east on Jackson Hollow Drive and the farm will be located on the north side of the road after 0.5 miles at the northwest corner of the Jackson Hollow Drive and Shady Lane Road intersection.


Tract 4 - Golden Avenue, Monona, IA 52159

Description

Tract four consists of 108.01 acres m/l with 101.92 FSA tillable acres carrying a CSR2 of 30.5. The primary soil types are Nordness and Fayette silt loams. These soils are known to produce an excellent crop for their prospective CSR2 values. With large blocks of timber found just north of this tract, there is an abundance of wildlife creating an opportunity to place deer blinds throughout the property and create a recreational hideaway with excellent income. Fall manure, nitrogen, and rye were applied on this farm and vertical tillage has been done. This tract is located northeast of Monona, Iowa along Golden Avenue in Giard Township of Clayton County.

Legal Description

Lot 2 of the Southwest Quarter of the Northeast Quarter, Lot 1 of the Southwest Quarter of the Southeast Quarter, Lot 2 of the Northwest Quarter of the Southeast Quarter, and the Southeast Quarter, all in Section 6, Township 95 North, Range 4 West of the 5th P.M., Clayton County, Iowa, according to Plat recorded in Book 29, Page 10. Exact legal description will be taken from Abstract. 

Details
  • Acres: 108.01 Acres M/L
  • Parcel Number: 0306452001; 0306376001; 0306402001; 0306251001
  • School District: MGL MarMac
  • Net Taxes: $1,898.00
  • CSR2: 30.50

Directions

From Monona: Travel east on Pleasant Ridge Road for one mile to Golden Avenue. Head north on Golden Avenue for 0.5 miles and the farm will be located on the east side of the road.


360° TOUR

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INTERACTIVE MAP

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DRONE VIDEO

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ATTACHMENTS

PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos

Tract 4 Photos