Clinton County, IA
150.75 Acres M/L

163rd Street
Charlotte, IA 52742
Listing #16711

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Property Info

Description

Clinton County, Iowa Land Auction – Mark your calendar for Thursday, May 11th, 2023! Peoples Company is pleased to represent the heirs of the Newsom Family in the sale of 150.75 surveyed acres of Clinton County, Iowa farmland. The auction will be sold in two separate tracts on Thursday, May 11th, 2023 at 10:00 AM at the DeWitt Community Center in DeWitt, Iowa.

Tract 1 consists of 71.241 surveyed acres with 66.11, estimated, FSA cropland acres carrying a CSR2 value of 49.5.
Tract 2 consists of 79.516 surveyed acres with 67.88, estimated, FSA cropland acres carrying a CSR2 value of 46.1.

These tracts would be a great add-on to an existing farm operation, an affordable tract for a beginning farmer, or a smart investment for the buyer looking to diversify their portfolio. Each farm has great access to gravel roads with several competing grain marketing options located nearby. The tracts are located South of Charlotte, Iowa in Sections 1 & 12 of Washington Township.

Mark your calendars to be with us Thursday, May 11th, 2023, for this opportunity to own Iowa farmland! Tracts 1 & 2 will be sold per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, one, two, or both of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both tracts have been purchased. 

The land auction can also be viewed through our virtual online auction platform with online bidding, via the Peoples Company website or you can follow along live through our Facebook page on the day of the sale.

Farm Details
*Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Clinton County FSA and NRCS offices.

Legal Description

Tract 1: 71.241 Surveyed acres located in the SW 1/4 of the NW 1/4 of Section 1, and also being part of the NW 1/4 of the SW 1/4 of Section 1, all located in Washington Township 82 North, Range 4 East, Clinton co. Iowa. Exact Legal to Come from Survey
Tract 2: 79.516 Surveyed acres being part of the SW 1/4 of the SW 1/4 of Section 1 and also being part of the East 1/2 of the NW 1/4 of Section 12 all lying in Township 82 North, Range 4 East. Exact legal to come from the survey.

Directions

From Charlotte, Iowa, head south on County Road Z24 for 1 mile until reaching Co. Road E56 or 163rd Street. Turn east and follow for half a mile until reaching the farm. The farm is located on the south side of the road. Look for Signs.

  • Sign On Property: Yes
  • Parcel Number: 5800420000, 5800440000, 5800450000
  • School District: Northeast Goose Lake
  • General Area: Charlotte
  • Gross Taxes: $3,160.00
  • Online Bidding: Yes
  • Auction Date: May 11, 2023
  • Possession: at closing, subject to tenants
  • Terms: cash. conventional

Bid Online

Auction Details

Clinton County Land Auction
150.75 Surveyed Acres (Offered in Two Tracts)
Thursday, May 11th, 2023 at 10:00 AM

Seller: Wayne Newsom Estate

Auction Location: 
DeWitt Community Center
512 10th Street
DeWitt, IA 52742

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: Tracts 1 & 2 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, or both of the 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: 71.241 Surveyed Acres
Tract 2: 79.516 Surveyed Acres

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 Clinton 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 Hancock 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 Trust Account.

Closing: Closing will occur on or before Thursday, June 15th, 2023. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession will be given At Closing. Contact the Agent for details regarding early possession. 

Farm Lease: The farm is leased for the 2023 cropping year, Buyer is to receive 2nd half rent payment. Contact the agent for details. 

Contract & Title: Immediately upon the 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. The 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. The 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 the 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 the abstract.

Location


Description

Tract 1 consists of 71.241 surveyed acres with 66.11, estimated, FSA cropland acres carrying a CSR2 rating of 49.5. The primary soil types on this farm include Fayette silty clay loam and Arenzville-Chaseburg Complex. Farmland acres are designated as HEL (Highly Erodible Land).

The tract has great access on Co. Road Z24 with several competing grain marketing options located nearby. The farm is leased out for the 2023 Cropping year with the Buyer receiving the 2nd half rent payment, contact the agent for details. Tract 1 is located in Section 1 of Washington Township, Clinton County, Iowa.

Legal Description

71.241 surveyed acres located in the SW 1/4 of the NW 1/4 of Section 1, and also being part of the NW 1/4 of the SW 1/4 of Section 1, all located in Washington Township 82 North, Range 4 East, Clinton co. Iowa.

Details
  • Acres: 71.24 Acres M/L
  • Parcel Number: 5800450000, 5800420000
  • CSR2: 49.50


Description

Tract 2 consists of 79.516 surveyed acres with 67.88, estimated, FSA cropland acres carrying a CSR2 rating of 46.1. The primary soil types on this farm include Fayette silt loam & Arenzville-Chaseburg Complex. Farmland acres are designated as HEL (Highly Erodible Land).

The tract has great access to County Highway Z24 with several competing grain marketing options located nearby. The farm is leased for the 2023 cropping year with the buyer receiving the 2nd half rent payment. Tract 2 is located in Sections 1 & 12 of Washington Township, Clinton County, Iowa.

Legal Description

79.516 Surveyed acres being part of the SW 1/4 of the SW 1/4 of Section 1 and also being part of the East 1/2 of the NW 1/4 of Section 12 all lying in Township 82 North, Range 4 East. Exact legal to come from the survey.

Details
  • Acres: 79.51 Acres M/L
  • Parcel Number: 5800440000
  • CSR2: 46.10



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Video

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