Grundy County, IA
Benton County, IA


293.90 Acres M/L
AUCTION

Listing #16831

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PROPERTY INFO

Description

Grundy and Benton County, Iowa Land Auction - Mark your calendar for Wednesday, August 2nd, 2023 at 10:00 AM! Peoples Company is pleased to represent the Wayne G. Gray Estate in the sale of 293.9 acres m/l of prime Grundy & Benton County, Iowa farmland. All three farms carry top-producing clay loam soils and are located in the heart of some of the top farming areas in the Midwest. 

Tract 1 (Grundy County): 178.4 acres m/l with 173.62 FSA tillable acres m/l, currently there are 172.02 acres m/l in row crop production, carrying a soil rating of 85 CSR2. 
Tract 2 (Benton County): 80 acres m/l with 76.14 FSA tillable acres m/l carrying a soil rating of 91.2 CSR2.
Tract 3 (Benton County): 35.5 acres m/l with 33.15 FSA tillable acres m/l carrying a soil rating of 93.9 CSR2.

These premier, highly-tillable Grundy and Benton County, Iowa farmland tracts would make for a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their investments. The farmland portfolio will be offered in three tracts. Tract 1 in Grundy County will sell first, the remaining two tracts in Benton County will sell via the "Buyer's Choice" method on a price per acre basis at a public auction in the Traer Memorial Building on Wednesday, August 2nd, 2023 in Traer, Iowa. Once Tract 1 (Grundy County) has sold, the remaining bidders can take, in any order, Tracts 2, 3, or both tracts for their high bid. 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.

Legal Description

The exact legal description is to be taken from the Abstract.

  • Sign On Property: Yes
  • MLS Number: 676098
  • Parcel Number: 881633400002; 871604200001; 62001550; 61004500
  • Online Bidding: Yes
  • Auction Date: Aug 2, 2023
  • CSR2: 90.03

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Auction Details

Grundy & Benton County, Iowa Land Auction
293.9 Acres M/L (Offered in three tracts)
Wednesday, August 2nd, 2023 at 10:00 AM

Auction Location:
Traer Memorial Building
414 2nd Street
Traer, IA 50675

Seller: Wayne G. Gray Estate

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 three tracts will be offered via Public Auction on a per-acre basis and will take place at 10:00 AM at the Traer Memorial Building in Traer, Iowa. Tract 1 in Grundy County will sell first, and the remaining two tracts in Benton County will sell via the "Buyer's Choice" method on a price per acre basis at public auction. Once Tract 1 (Grundy County) has sold, the remaining bidders can take, in any order, Tract 2, 3, or both tracts for their high bid. 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.

Tract 1: 178.4 Acres M/L
Tract 2: 80 Acres M/L
Tract 3: 35.5 Acres M/L

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 Grundy & Benton 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 Grundy & Benton 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 Tuesday, December 5th, 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 properties are leased for the 2023 farm year.

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 prior approval of the Auctioneer. All decisions of the Auctioneer are final. 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.

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


Tract 1 - County Highway D35 / 215th Street, Grundy Center, IA

Description

Tract #1 is nearly 100% tillable and consists of 178.4 acres m/l with 173.62 FSA tillable acres m/l, currently, there are 172.02 acres m/l in row crop production, carrying a soil rating of 85 CSR2. This premier Grundy County, Iowa farmland tract contains top-producing soil types of Tama silty clay loam, Colo silty clay loam, Colo-Ely complex, and Dinsdale silty clay loam. The farm is leased for the 2023 cropping season.

There is an 8'' and 10" private drainage tile that runs through the property. The drainage tile outlets into the open ditch run through the middle of the farm which takes water off the southern boundary. See attached Tile Map or contact the Listing Agent for more details.

This farm is located northeast of Grundy Center, Iowa south of County Highway D35 / 215th Street; in the southeast quarter of Section 33 of Lincoln Township and the northeast quarter of Section 4 of Washington Township.

Legal Description

The West 95 acres of the Southeast Quarter (SE¼) of Section Thirty-three (33), Township Eighty-eight (88) North, Range Sixteen (16), West of the 5th P.M., EXCEPT a tract commencing at the Northwest corner of said Southeast Quarter (SE¼), thence East 407 feet; thence South 590 feet; thence West 407 feet; thence North 590 feet to the place of beginning; AND The North Fractional Half of the Northeast Quarter (Nfrl½NE¼) of Section Four (4), Township Eighty-seven (87) North, Range Sixteen (16), West of the 5th P.M. The exact legal description is to be taken from the Abstract.

Details
  • Acres: 178.40 Acres M/L
  • Parcel Number: 881633400002; 871604200001
  • School District: Grundy Center School District
  • Gross Taxes: $6,776.00
  • CSR2: 85.00

Directions

From Grundy Center, Iowa, head north on Iowa Highway 14 for 2 miles. Turn right (east) on County Highway D35 / 215th Street for 2.5 miles. The Farm is on the right. Look for Peoples Company sign.


Tract 2 - 63rd Street and 13th Avenue, Dysart, IA

Description

Tract #2 is nearly 100% tillable and consists of 80 acres m/l with 76.14 FSA tillable acres m/l carrying a soil rating of 91.2 CSR2, exceeding the Benton County CSR2 average of 79. This outstanding Benton County farm contains top-producing soil types of Dinsdale silty clay loam, Colo-Ely complex, Muscatine silty clay loam, and Tama silty clay loam. The farm is leased for the 2023 cropping season.

This farm is located southeast of Dysart, Iowa on the north side of 63rd Street and the east side of 13th Avenue in Section 3 of Homer Township, Benton County, Iowa.

Legal Description

The South One-half (S ½) of the Southwest Quarter (SW¼) of Section Three (3), Township Eighty-four (84) North, Range Twelve (12), West of the 5th P.M. The exact legal description is to be taken from the Abstract.

Details
  • Acres: 80.00 Acres M/L
  • Parcel Number: 62001550
  • School District: Union School District
  • Net Taxes: $2,972.00
  • CSR2: 91.20

Directions

From Dysart, Iowa, head south on Iowa Highway 21 for 4.5 miles. Turn left (east) on 63rd Street for 3 miles. The farm is on the left side (northeast) at the corner of 63rd Street and 13th Avenue. Look for Peoples Company sign.


Tract 3 - 12th Avenue and 63rd Street Drive, Dysart, IA

Description

Tract #3 is nearly 100% tillable and consists of 35.50 acres m/l with 33.15 FSA tillable acres m/l carrying a soil rating of 93.9 CSR2, exceeding the Benton County CSR2 average of 79. This premier Benton County, Iowa farmland contains top-producing soil types of Tama silty clay loam, Colo-Ely complex, Muscatine silty clay loam, and Colo silty clay loam. The farm is leased for the 2023 cropping season.

This farm is located southeast of Dysart, Iowa on the east side of 12th Avenue and north side of 63rd street drive in Section 9 of Homer Township, Benton County, Iowa.

Legal Description

The Southwest Quarter (SW¼) of the Southwest Quarter (S W¼) of Section Nine (9), Township Eighty-four (84) North, Range Twelve (12), West of the 5th P.M., except commencing at the Southwest corner of said Section 9, and point of beginning, thence S 89°46*01" E 1318.38 feet along the South Line of said Section 9 to the Southeast Corner of said SW¼ SW¼ said Section 9, thence N 0°03'43" W 156.0 feet along the East line of the said S W¼ SW¼ of said Section 9, thence S 89°34'55" W 1318.99 feet to the West Line of the Sw¼ SW¼ of said Section 9, thence S 0°17'23" E 141.0 feet to the point of beginning. The exact legal description is to be taken from the Abstract.

Details
  • Acres: 35.50 Acres M/L
  • Parcel Number: 61005650
  • School District: Union School District
  • Net Taxes: $1,318.00
  • CSR2: 93.90

Directions

From Dysart, Iowa, head south on Highway 21 for 4.5 miles. Turn left (east) on 63rd Street for 2 miles. Turn right (South) on 12th Avenue for 1 mile. The Farm is located on the southeast corner of 12th Avenue and 63rd Street Drive. Look for Peoples Company sign.


INTERACTIVE MAP

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DRONE VIDEO

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PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos