Keokuk County, IA

Keokuk-Washington Road
Keota, IA 52248

159 Acres M/L
AUCTION

Listing #15196

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PROPERTY INFO

Description

Offering 159 acres m/l of highly productive Keokuk County farmland for sale via Public Auction. The land will be sold in two tracts using the "Buyers Choice" auction method. The tracts contain 155.57 FSA Cropland acres with high quality soil types. Don't miss your opportunity to acquire one tract or a whole portfolio of quality farms in a strong area. The two farms are situated in section 1 of Lafayette Township Keokuk County, Iowa.

Tract 1 consists of 79 acres m/l with approximately 76.27 FSA Cropland acres and a CSR2 rating of 82.4
Tract 2 consists of 80 acres m/l with approximately 79.30 FSA Cropland acres and a CSR2 rating of 82

A 2" Wapello Rural Water line runs along the east side of Keokuk-Washington Road.

Live Auction will be held on Tuesday, November 24th, 2020 at 10:00 AM at Lagos Acres Golf Course in Keota, Iowa.

The farmland will be sold as two individual tracts using the "Buyers Choice" auction method, whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased. Tracts will not be offered in their entirety at the conclusion the auction.

  • Sign On Property: Yes
  • MLS Number: 615443
  • School District: Keota School
  • General Area: Keota
  • Online Bidding: Yes
  • Auction Date: Nov 24, 2020
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

From Keota, IA travel north out of town on the Keokuk-Washington Road for approximately 1 mile. Turn left and continue straight (North) on the Keokuk-Washington Road for another 2.5 miles. Both tracts will be located on the west side of the road. Look for signs.


Bid Online

Auction Details

Keokuk County Land Auction
159 Acres M/L
Tuesday, November 24th, 2020
10:00 AM

Seller:
Ranee N. Martin

Auction Location:
Lagos Acres Golf Course
2010 Keokuk-Washington RD
Keota, IA 52248

Auction Method: Property will be offered as "Choice Auction Method" winning bidder may elect to take Tract 1, Tract 2 or both Tracts. All bids will be on a price per acre basis.

Farm Program Information: Farm Program Information is provided by the Keokuk County Farm Service Agencies. 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 Keokuk 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 about Tuesday, December 29th, 2020. 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 farm will be given at Closing, Subject to Tenants Rights.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2021 cropping season.

Contract & Title: Immediately upon 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. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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. 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.


Tract 1 - Keokuk Washington Road/160th Street, Keota, IA 52248

Description

Tract 1 consists of 79 acres m/l with approximately 76.27 Cropland acres carrying a CSR2 rating of 82.4. The primary soil types include Taintor & Mahaska Silty Clay Loams. The farm is located just north of Keota along the Keokuk-Washington Road in Section 1 of Lafayette Township, Keokuk County, Iowa.

Farm Program Information:

Total Base Acres: 74.9
Corn Base: 56.90 Base Acres with a PLC Yield of 170
Bean Base: 18 Base Acres with a PLC Yield of 48

Legal Description

The North Half of the Northeast Quarter in Section One, Township Seventy-six North, Range Ten, West of the 5th P.M., Keokuk County, Iowa. Exact legal to be taken from abstract.

Details
  • Acres: 79.00 Acres M/L
  • Parcel Number: 761001126001, 761001101001
  • School District: Keota School
  • Net Taxes: $2,622.00
  • CSR2: 82.40


Tract 2 - Keokuk Washington Road, Keota, IA 52248

Description

Tract 2 consists of 80 acres m/l with approximately 79.30 Cropland acres carrying a CSR2 rating of 82. The primary soil types include Taintor & Mahaska Silty Clay Loams. The farm is located just north of Keota along the Keokuk-Washington Road in Section 1 of Lafayette Township, Keokuk County, Iowa.

Farm Program Information:

Total Base Acres: 78.70
Corn Base: 59.50 Base Acres with a PLC Yield of 170
Bean Base: 19.20 Base Acres with a PLC Yield of 48

Legal Description

North Half of the Southeast Quarter in Section One, Township Seventy-six North, Range Ten, West of the 5th P.M., Keokuk County, Iowa. Exact legal to be taken from abstract.

Details
  • Acres: 80.00 Acres M/L
  • Parcel Number: 761001401001, 761001426001
  • School District: Keota School
  • Net Taxes: $2,764.00
  • CSR2: 82.00


INTERACTIVE MAP

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DRONE VIDEO

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PHOTOS

Tract 1 Photos

Tract 2 Photos