Greene County, IA
118.13 Acres M/L

Neola Avenue
Jefferson, IA 50129
Listing #17004

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Property Info

Description

Greene County, Iowa Farmland Auction – Mark your calendar for Tuesday, August 29th, 2023! Peoples Company is pleased to present the sale of 118.13 total acres m/l of prime Greene County, Iowa farmland. The farmland is located on Neola Avenue, just north of Jefferson, Iowa, with the southern portion of the farm in city limits and zoned Light Industrial, see attached zoning map. In addition to the high-quality cropland acres, the northeast corner of the farm offers excellent recreational opportunities or the opportunity to build your dream home with over 35 acres of timber, pasture, and a portion of Hardin Creek running through the property. The farm is located in Section 32 of Hardin Township, Greene County, Iowa.

The farmland will be sold as two individual tracts through the Buyer’s Choice Auction Method where the High/Winning Bidder can elect to purchase an individual tract or both tracts. 

Tract 1: 77.93 Acres M/L with 75.65 FSA cropland acres carrying a CSR2 of 69.3.
Tract 2: 40.2 Acres M/L, consisting of mature timber, pasture, a portion of Hardin Creek, and 2.44 acres enrolled in CRP with annual payments of $253.

These high-quality farmland tracts are located in a strong farming community and would make for a great add-on tract to an existing farming operation or an investment for the Buyer looking to diversify their portfolio or hedge inflation. There are several grain marketing outlets located nearby including grain elevators and ethanol plants that can be accessed by both county and state paved highways. The farm lease will be open for the 2024 cropping season.

The two tracts will be offered on a price-per-acre basis via Public Auction and will take place on Tuesday, August 29th, 2023 at 10:00 AM at the Jefferson Community Golf Course, 501 Greenewood Road, Jefferson, Iowa 50129. The farm will be sold as two individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyers Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

*Note* In the event Tract 1 & Tract 2 are purchased by different buyers, a survey will be conducted at Seller's cost.

Legal Description

 S1/2 SE1/4 NE1/4; and NE1/4 SE1/4 EXCEPT that part of Lot 6 of the SE1/4 lying in NE1/4 SE1/4; ALL IN Section 32, Township 84 North, Range 30 West of the 5th P.M., Greene County, Iowa 

AND 

West 18.5 feet of the South 718.8 feet of the NE1/4 SE1/4, in Section 32, Township 84 North, Range 30 West of the 5th P.M., Greene County, Iowa. 

AND 

West 18.5 feet of the North 753 feet of the SE1/4 SE1/4, in Section 32, Township 84 North, Range 30 West of the 5th P.M., Greene County, Iowa.

Exact legal description to come from Abstract.
  • Sign On Property: Yes
  • MLS Number: 679498
  • School District: Greene County Community School District
  • General Area: North of Jefferson
  • Online Bidding: Yes
  • Auction Date: August 29, 2023
  • Possession: At Closing, Subject to Tenants Rights.
  • Terms: Cash/Conventional

Bid Online

Auction Details

Greene County, Iowa Land Auction
118.13 Acres M/L
Tuesday, August 29th, 2023 at 10:00 AM

Seller: Dayle Erickson

Auction Location:
Jefferson Community Golf Course
501 Greenewood Road
Jefferson, Iowa 50129

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 a 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: The farm will be sold as two individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyers Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Public Auction on Tuesday, August 29th, 2023 at 10:00 AM at the Jefferson Community Golf Course, Jefferson, Iowa. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number 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 Greene 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 Greene 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’s Trust Account.

Closing: Closing will occur on or before Friday, October 13th, 2023. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights. 

Farm Lease: The farm is leased for the 2023 cropping season.

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.

Surveys: In the event Tract 1 & Tract 2 are purchased by different buyers, a survey will be conducted at Seller's cost.

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 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 investigation of the property before 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


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Tract 1 - Neola Avenue, Jefferson, IA 50129

Tract 1
Description

Tract 1 includes 77.93 acres m/l with 75.65 FSA cropland acres consisting of a CSR2 value of 69.3. The primary soil types include Webster clay loam, Estherville sandy loam, and Nicollet loam. The farm is located on Neola Avenue, just north of Jefferson, Iowa, with the southern portion of the farm in city limits and zoned Light Industrial, see attached Zoning Map. The farm is less than 0.5 miles from U.S. Highway 30 and offers many possibilities as an add-on unit to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. 

The farm lease is open for the 2024 cropping season. This highly tillable farmland tract is located in Section 32 of Hardin Township, Greene County, Iowa.

 

Details
  • Acres: 77.93 Acres M/L
  • Parcel Number: 0732200006; 0732401002; 0732451002; 0732451001; 0732426002; 0732476001
  • CSR2: 69.30

Directions

From Jefferson, Iowa: Travel north out of town on Iowa Highway 4 for 1.25 miles to U.S. Highway 30. Turn right (east) and continue for 0.5 miles to Neola Avenue. Turn left (north) and proceed for 0.5 miles. The farm will be located on the right (east) side of the road. Look for the Peoples Company signs.


Tract 2 - Neola Avenue, Jefferson, IA 50129

Tract 2
Description

Tract 2 consists of an exceptional recreational property conveniently located just north of Jefferson, Iowa on Neola Avenue. With over 35 acres of mature timber, pasture, and a portion of Hardin Creek running through the property, this tract offers endless recreational opportunities for the avid outdoorsman. This tract includes 40.2 acres with 2.44 acres, situated in the northwest corner of the farm, currently enrolled in two active CRP contracts of CP22 and CP21. The CP22 contract includes 2.0 acres which provide an annual payment of $158 ($79.20/acre) and expires in 2029. The CP21 contract includes 0.44 acres which provide an annual payment of $95 ($216.16/acre) and expires in 2029.

This tract would serve as an excellent hobby farm or secluded building site, allowing the buyer to build their dream home overlooking the beautiful countryside, while being just outside of Jefferson, Iowa city limits. Located in Section 32 of Hardin Township, Greene County, Iowa, this tract offers many possibilities as an add-on unit to an existing farming operation or a smart investment for the Buyer looking to diversify their portfolio. 

*Note* In the event Tract 1 & Tract 2 are purchased by different buyers, a driveway providing access from Neola Avenue will be installed at Seller's cost. The driveway at the north end of Tract 1 will be 20 feet wide and the driveway at the northeast end of Tract 1 will be 20 feet wide, ensuring the Buyer can use their driveway without driving on CRP.

 

Details
  • Acres: 40.20 Acres M/L
  • Parcel Number: 0732200007; 0732200008; 0732426001

Directions

From Jefferson, Iowa: Travel north out of town on Iowa Highway 4 for 1.25 miles to U.S. Highway 30. Turn right (east) and continue for 0.5 miles to Neola Avenue. Turn left (north) and proceed for 0.5 miles. The farm will be located on the right (east) side of the road. Look for the Peoples Company signs.



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