Chickasaw County, IA
239.00 Acres M/L

Fredericksburg Township |
Fredericksburg, IA 50630 |
Listing #15809

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Property Info

Description

Chickasaw County, Iowa Land Auction – Mark your calendar for Thursday, November 18th, 2021! Farmland is a tightly held asset with ownership often transferring from generation to generation and rarely available to the public. Peoples Company is pleased to announce the Ellison family farm will be made available and sold via public auction. The auction will consist of 239 acres m/l to be sold in two separate tracts on Thursday, November 18th, 2021 at 10:00 AM in the Fredericksburg Community Center in Fredericksburg, Iowa.

These tracts would be an excellent add-on to an existing farm operation, a great opportunity for a beginning farmer, or a smart investment for the investor Buyer looking to diversify their portfolio. There are several competing grain marketing outlets in the surrounding area including a variety of ethanol plants and grain elevators. Farm leases have been terminated and the tracts are open for the 2022 crop season. Tract 1 is located northeast of Fredericksburg along 260th Street in Section 5 of Fredericksburg Township and Tract 2 is located east of Fredericksburg along Union Avenue and 280th Street in Section 16 of Fredericksburg Township.

Tract 1 consists of 116 acres m/l with 114.20 FSA cropland acres carrying a CSR2 value of 87.1
Tract 2 consists of 123 acres m/l with 119.39 FSA cropland acres carrying a CSR2 value of 81.4

The farmland will be offered via public auction as two individual tracts via the “Buyer’s Choice” auction method through a live in-person auction. Online bidding is available as well. The auction will take place at 10:00 AM at Fredericksburg Community Center, 151 W Main Street, Fredericksburg, Iowa. With the "Buyers Choice" auction method the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both 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.

Legal Description

Tract 1: The East Half (E1/2) of the Southwest Quarter (SW 1/4) EXCEPT Parcel A of Section 5, Township 94, Range 11, West of the 5th P.M., Chickasaw County, Iowa.

Tract 2: The Southeast Quarter (SE 1/4) of the Northeast Quarter (NE 1/4) EXCEPT (Parcel A) S 6A NE1/4 NE1/4 (EX) NE1/4 SE1/4 W1/2 SE1/4 E 2RDS S92RDS W1/2 of NE1/4 in Section 16, Township 94, Range 11, West of the 5th P.M., Chickasaw County, Iowa.

Exact Legal descriptions to be taken from the Abstract.

Directions

Tract 1 - From Fredericksburg, Iowa: Travel east out of town on 270th Street / US Highway 18 until reaching Roanoake Avenue. Turn left (north) on Roanoake Avenue for 1 mile until reaching 260th Street. Turn right (east) onto 260th Street for 3/4 mile and Tract 1 will be located on the north side of the road. Look for the Peoples Company signs.

Tract 2 - From Fredericksburg, Iowa: Travel east out of town on 270th Street / US Highway 18 for 3 miles until reaching Union Avenue. Turn right (south) on Union Avenue for 1/2 mile and Tract 2 will be located on the west side of the road. This tract also has road frontage along 280th Street. Look for the Peoples Company signs.

Sign On Property: Yes
MLS Number: 639578
Parcel Number: 191605300001, 191616400001
School District: Sumner-Fredericksburg
General Area: East of Fredericksburg, Iowa
Net Taxes: $6,534.00
Online Bidding: Yes
Auction Date: Nov 18, 2021
Possession: At Closing, Subject to Tenant's Rights
Terms: Cash

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Auction Details

Chickasaw County Land Auction
239 Acres M/L
Offered in Two Tracts
Thursday, November 18th, 2021
10:00 AM

Auction Location:
Fredericksburg Community Center
151 W Main Street
Fredericksburg, IA 50630

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

Auction Method: Both 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 or both tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 116 Acres M/L
Tract 2: 123 Acres M/L

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 Chickasaw County Farm Service Agency. 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 Chickasaw 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 Dillon Law’s Trust Account.

Closing: Closing will occur on or before Thursday, January 6th, 2022. 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 land will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farms are currently leased for the 2021 cropping season, but the lease has been terminated and will be open for the 2022 crop season.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Dillon Law 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. The 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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Tract 1 - 260th Street, Fredericksburg, IA 50630

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Description

Tract 1 will be sold as 116 acres m/l and consists of 114.2 NHEL FSA cropland acres carrying a CSR2 of 87.1. The primary soil types include highly productive Floyd, Ostrander, and Clyde loams. The current farm lease has been terminated and the farming rights are available for the upcoming 2022 season. This tract is located northeast of Fredericksburg, Iowa along 260th Street in Section 5 of Fredericksburg Township with close proximity to US Highway 18.

FSA Cropland Acres: 114.2
Corn: 56.3 base acres with a PLC Yield of 152
Soybeans: 57.9 base acres with a PLC Yield of 45

Legal Description

The East Half (E1/2) of the Southwest Quarter (SW 1/4) EXCEPT Parcel A of Section 5, Township 94, Range 11, West of the 5th P.M., Chickasaw County, Iowa. Exact Legal description to be taken from the Abstract.

Details

Acres: 116.00 Acres M/L
Parcel Number: 191605300001
Net Taxes: $3,276.00
CSR2: 87.10

Directions

From Fredericksburg, Iowa: Travel east out of town on 270th Street until reaching Roanoake Avenue. Turn left (north) on Roanoake Avenue for 1 mile until reaching 260th Street. Turn right (east) onto 260th Street for 3/4 mile and Tract 1 will be located on the north side of the road. Look for the Peoples Company signs.

Tract 2 - Union Avenue, Fredericksburg, IA 50630

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Description

Tract 2 will be sold as 123 acres m/l and consists of 119.39 NHEL FSA cropland acres carrying a CSR2 of 81.4. The primary soil types include highly productive Floyd, Kenyon, and Clyde loams. The current farm lease has been terminated and the farming rights are available for the upcoming 2022 season. Tract 2 is located east of Fredericksburg, Iowa along Union Avenue and 280th Street in Section 16 of Fredericksburg Township with close proximity to US Highway 18.

* An electrical line and pipeline easement are currently in place on Tract 2 (Contact agent for more information).

FSA Cropland Acres: 119.39
Corn: 74.8 base acres with a PLC Yield of 152
Soybeans: 42.6 base acres with a PLC Yield of 45

Legal Description

The Southeast Quarter (SE 1/4) of the Northeast Quarter (NE 1/4) EXCEPT (Parcel A) S 6A NE1/4 NE1/4 (EX) NE1/4 SE1/4 W1/2 SE1/4 E 2RDS S92RDS W1/2 of NE1/4 in Section 16, Township 94, Range 11, West of the 5th P.M., Chickasaw County, Iowa. Exact Legal description to be taken from the Abstract.

Details

Acres: 123.00 Acres M/L
Parcel Number: 191616400001
Net Taxes: $3,258.00
CSR2: 81.40

Directions

From Fredericksburg, Iowa: Travel east out of town on 270th Street / US Highway 18 for 3 until reaching Union Avenue. Turn right (south) on Union Avenue for 1/2 mile and Tract 2 is located on the west side of the road. There is additional road frontage along 280th Street. Look for the Peoples Company signs.