Jones County, IA
365.57 Acres M/L

Skahill Road & Badger Road |
Cascade, IA 52033 |
Listing #17023

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Property Info

Description

Jones County, Iowa Land Auction! Peoples Company is pleased to offer the Stephen T. & Jan M. Supple 2021 Revocable Trust farmland via public auction. The sale will consist of 365.57 acres m/l to be sold in four separate tracts on Friday, September 15th, 2023 at 10:00 AM at Knights of Columbus in Cascade, Iowa. The diverse tracts range from as little as 14 acres up to 220, creating a great opportunity for folks from multiple facets to purchase a piece of farm ground.

Tract 1: consists of 31.5 acres m/l with approximately 23.62 FSA cropland acres carrying a CSR2 value of 57.2.
Tract 2: consists of 99.5 acres m/l with approximately 77.29 FSA cropland acres carrying a CSR2 value of 46.5. (Partial survey to be completed)
Tract 3: consists of 14.57 surveyed acres m/l with approximately 11.85 FSA cropland acres carrying a CSR2 value of 63.4
Tract 4: consists of 220 acres m/l with approximately 199.67 FSA cropland acres carrying a CSR2 value of 52.9. (Partial survey to be completed)

These high-quality farmland tracts of all different sizes would be a great add-on to an existing farm operation or an opportunity for an investor looking to purchase in a strong farming area. The farm has been meticulously cared for by the current tenant and the lease has been terminated and will be open for 2024. The farms are located south of Cascade, Iowa along Skahill Road and Badger Road in Sections 15, 22, 23, 26, & 27 Washington Township, Jones County, Iowa.

Directions

From Cascade: Take Highway 136 south for 3.6 miles, then turn left/east on Skahill Road. Continue on Skahill for 1.2 miles and the property will be located on your left. Watch for signs.

Sign On Property: Yes
School District: Western Dubuque School District
General Area: Eastern Iowa
Online Bidding: Yes
Auction Date: September 15, 2023
Possession: Subject to tenants rights
Terms: Cash

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Auction Details

Jones County, Iowa Land Auction
365.57 Acres M/L (Offered in four tracts)
Friday, September 15th, 2023 at 10:00 AM

Auction Location:
Cascade Knights of Columbus
100 Thomas St SE
Cascade, IA 52033

Seller: Stephen T. & Jan M. Supple 2021 Revocable Trust

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 four tracts will be offered via Public Auction and will take place at 10:00 AM at the Knights of Columbus hall in Cascade, Iowa. The four farmland tracts will be sold per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, two, three, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four farmland 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.

Tract 1: 31.5 Acres M/L
Tract 2: 99.5 Acres M/L
Tract 3: 14.57 Acres M/L
Tract 4: 220 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 Jones 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 Jones County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest payment is required on the auction day. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Reynolds & Kenline Trust Account.

Closing: Closing will occur on or before Friday, October 27th, 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. Full possession will be granted on March 1st, 2024.

Farm Lease: The farm is leased for the 2023 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 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

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Tract 1 - Skahill Road, Cascade, IA 52033

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Description

Tract 1 consists of 31.5 acres m/l with 23.62 FSA cropland acres m/l and a CSR2 value of 57.2. The farmland consists primarily of Downs Silt loam and Fayette Silt loam. This tract has two surveyed lots in the northwest corner of this tract bordering both Skahill Road and Badger Road making this a great opportunity for someone to build their dream home, or value add to your purchase. This mostly tillable tract is located in sections 15 & 22 of Washington Township, Jones County, Iowa.

This farm is leased for 2023, but the farm leases will be terminated and open for the 2024 farm year. Possession will be given at Closing, subject to Tenant's Rights.

Legal Description

31.5 Acres m/l located in section 15 & 22, Washington Township, Jones County, Iowa. Exact legal description will be taken from the Abstract.

Details

Acres: 31.50 Acres M/L
Parcel Number: 0422100006, 0422100007, 0422100008, 0415300011
Net Taxes: $664.00
CSR2: 57.20

Tract 2 - Badger Road, Cascade, IA 52033

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Description

Tract 2 consists of 99.5 acres m/l with 77.29 FSA cropland acres m/l and a CSR2 value of 46.5. The farmland tract consists primarily of top-producing Fayette Silt loam, allowing for good root growth and excellent drainage. The farm is nicely terraced to reduce soil erosion, increase water retention, and also improve the wildlife habitat. The remaining balance of land consists of a narrow vein of timber making a great spot to place a few tree stands for those fall hunts. This mostly tillable tract is located in section 27 of Washington Township, Jones County, Iowa.

The farm is leased for 2023, but the farm leases will be terminated and open for the 2024 farm year. Possession will be given at Closing, subject to Tenant's Rights.

*Note: There is a well situated on the southeast corner of this tract near Badger Road. Shared well agreement in place with neighboring hog building owner.

Legal Description

99.5 Acres m/l located in section 27, Washington Township, Jones County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 99.50 Acres M/L
Parcel Number: 0427100004, 0427200001 & TBD
CSR2: 46.50

Tract 3 - Skahill Road, Cascade, IA 52033

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Description

Tract 3 consists of 14.57 surveyed acres m/l with 11.85 FSA cropland acres m/l and a CSR2 value of 63.4. This farmland tract consists primarily of top-producing Fayette Silt loam, allowing for good root growth and excellent drainage. This piece is bordered by 3 separate roads which makes for great access and it lays exceptionally well making this a great opportunity to build your dream home or add it to your current farming operation. Located on Skahill Road, in section 27 of Washington Township, Jones County, Iowa.

The farms are leased for 2023, but the farm leases will be terminated and open for the 2024 farm year. Possession will be given at Closing, subject to Tenant's Rights. This mostly tillable tract is located in section 27 of Washington Township, Jones County, Iowa.

Legal Description

14.57 Acres m/l located in section 27, Washington Township, Jones County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 14.57 Acres M/L
Parcel Number: TBD
CSR2: 63.40

Tract 4 - Badger Road, Cascade, IA 52033

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Description

Tract 4 consists of 220 acres m/l with 199.67 FSA cropland acres m/l and a CSR2 value of 52.9. The farmland tract consists primarily of top-producing Fayette Silt loam and Arenzville-Chaseburg Complex. The farm lays exceptionally nice, with well waterways throughout, and has some tiling done to help with proper drainage. The remaining balance of land consists of waterways and a small 13-acre m/l patch of mature timber (including walnut trees) making a great spot to place a few tree stands for those fall hunts as this area is known for its abundant population of large whitetail deer and turkey. The farm is located on Badger Road, in sections 22, 23, 26, & 27 of Washington Township, Jones County, Iowa.

**Note: their is a 20 foot easement running along the northerly boundary of this tract. (contact listing agent with any questions)