Lucas County, IA

32519 510th St
Russell, IA 50238

663 Acres M/L
AUCTION

Listing #15844

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PROPERTY INFO

Description

Lucas County, Iowa Land Auction – Mark your calendar for Thursday, December 9th, 2021! Peoples Company is pleased to represent McDonald Red Angus in the sale of 663 Acres M/L of this prime year-round cattle ranch with a carrying capacity of 200 cows/calves.  A “producer designed” cattle feeding operation that boasts quality construction. The working facilities are second to none, with buildings strategically located and tied together with pens, corrals, and alleyways. The 11 paddock feedlot is located adjacent to the main calving barn. Pastures are cross fenced for grazing management and sufficient water is available. In addition, the farm boasts 157.89 Acres M/L of high quality FSA tillable ground. The 3 bedroom ranch residence offers 1300 sq ft of living space.

The property is situated northeast of Chariton, IA in the beautiful southern Iowa rolling hills. The farm offers much potential from farming and ranching to hunting and establishing habitat. The property has proven to be great for turkey and whitetail deer.

Tract 1 consists of 160 Acres M/L with 135.23 FSA cropland acres carrying a CSR2 value of 61.4.

Tract 2 consists of 237 Acres M/L featuring a single family ranch house, multiple outbuildings, pole barns, 11 paddock feedlots, and working facilities. Open house - scheduled for Sunday, November 21, 2021 from 1:00-4:00 PM  & Monday, November 29, 2021 from 4:00-7:00 PM.

Tract 3 consists of 266 Acres M/L with 22.66 FSA cropland acres carrying a CSR2 value of 59. The balance is currently utilized as pasture and recreational land.

These tracts will be offered via a Live Public Auction that will take place at 10:00 AM on Thursday, December 9, 2021, at Carpenter’s Hall located at 1215 Court Ave. Chariton, Iowa 50049. The land will be sold as three individual tracts on a price per acre basis. The auction will begin with Tract 1, then continue to Tract 2, and end with Tract 3. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.

Legal Description

The West Half (W1/2) and the West Half (W1/2) of the North East Quarter (NE1/4) of Section One (1), Township Seventy-Two (72) North, Range Twenty (20) West West of the 5th P.M in Lucas County, Iowa.

The South East Quarter (SE1/4) and the East Half (E1/2) of the South West Quarter (SW1/4) of Section Two (2), Township Seventy-Two(72) North, RangeTwenty (20) West of the 5th P.M in Lucas County, Iowa. 

Exact legal description to be taken from Abstract.

  • Sign On Property: Yes
  • MLS Number: 641153
  • School District: Chariton Community Schools
  • General Area: North and east of Chariton, Iowa
  • Gross Taxes: $9,088.00
  • Online Bidding: Yes
  • Auction Date: Dec 9, 2021
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

Beginning in Chariton, Iowa, at the intersection of N7th St & Ilion Ave, travel east on Ilion Ave.  Continue on Co Rd H32/245th Trail for approximately 13 miles. Turn left/north onto the gravel H32/320th Ave, travel 1 mile. Turn right/east onto 510th St, travel ½ mile. Tracts 1 & 2 are located along the north side of 510th St. Follow the curve to the north, Tract 3 is located at the bend before the road turns east again. Watch for Peoples Company Auction signs.


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Auction Details

Lucas County Land Auction
663 Acres M/L
Offered in Three Separate Tracts
Thursday, December 9th, 2021 at 10:00 AM

Auction Location:
Carpenter’s Hall
1215 Court Ave.
Chariton, Iowa 50049

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Auction Method: Tract 1, Tract 2, and Tract 3 will be offered separately and will not be combined at any point during the auction. All 3 Tracts will be sold on a price per acre basis. Tracts will not be offered in their entirety at the conclusion of the auction.

Tract 1: 160 Acres M/L

Tract 2: 237 Acres M/L

Tract 3: 266 Acres M/L

Farm Program Information: Farm Program Information is provided by the Lucas 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 Lucas 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 Monday, January 24, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.

Possession: Possession of the farm will be given At Closing, Subject to Farm Tenant's Rights. On Tract 2 possession will be on May 1, 2022

Hunting Lease: There are no hunting leases in place.

Farm Lease: The current farm lease has been terminated and will be "open" for the 2022 crop year. 

Survey Information:  If any of the tracts sell to different Buyers, then Sellers will pay for the surveyor to put minimal stakes in the tract splits to identify new boundaries.

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.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.

Fences: Existing fences, if any, are in as-is condition and will not be updated. Not all property lines have fences installed. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Lucas County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.

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 the Abstract.

Location


Tract 1 - 510th St, Russell, IA 50238

Description

Tract 1 totals 160 M/L and consists of approximately 135.23 FSA tillable acres currently in crop production carrying an estimated 61.4 CSR2 on the tillable soils. Primary soil types on the tillable acres include Grundy Silty Clay Loam and Pershing silty clay loam. The balance of Tract 1 is in waterways and timbered draws. This tract offers many possibilities as an add-on to an existing farming operation or a smart investment for the buyer looking to diversify their portfolio. Tract 1 is located along the north side of 510th St. in Section 1 of Cedar Township.

FARM PROGRAM INFORMATION:
FSA Cropland Acres (Estimated): 135.23
FSA Farm #: 3554
FSA Tract #: 5876

Tracts 1, 2, and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Lucas County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

South West Quarter (SW 1/4) of Section One (1) Township Seventy-Two (72) North, Range Twenty (20) West, West of the 5th P.M. Lucas County, Iowa. Exact legal to be taken from Abstract.

Details
  • Acres: 160.00 Acres M/L
  • Parcel Number: 0801300001, 0801300002, 0801300003, 08013000
  • School District: Chariton Community Schools
  • CSR2: 61.40

Directions

Beginning in Chariton, Iowa, at the intersection of N7th St & Ilion Ave, travel east on Ilion Ave. Continue on Co Rd H32/245th Trail for approximately 13 miles. Turn left/north onto the gravel H32/320th Ave, travel 1 mile. Turn right/east onto 510th St, travel ½ mile. Tracts 1 & 2 are located along the north side of 510th St. Watch for Peoples Company auction signs.


Tract 2 - 32519 510th St, Russell, IA 50238

Description

Tract 2 consists of 237 Acres M/L, with an estimated 217 Acres M/L of pasture grazing land. Pastures are cross fenced into 4 different pastures to maximize your grass utilizing rotation grazing. This tract offers excellent pasture with endless recreational possibilities. The remaining estimated 20 Acres M/L make up the main working facilities, recently updated ranch home, calving barn, farm shop with office, commodity barns, and numerous other pole buildings.  Modern livestock facility updates include all steel and cement working facility, automatic waters, processing lots with poured bunks and oversized apron, and 10 indoor calving pens. Tract 2 is located along the north side of 510th St. in Section 1 of Cedar Township.

Parcel includes a 3 bedroom 1 bath ranch style family home built in 1964.  Many recent updates in the home include shingles, vinyl windows, carpet, trim and interior doors.

Other Buildings included in Tract 2: (Building dimensions are estimated.)

  • Main Calving Barn 40' x 104' with barn office
  • Farm Shop 60' x 142' (Cement and radiant heat in the main shop area.) Attached finished office 36' x 46' (Large entry area, 3 finished office rooms, 2 stall bathroom, central air & heat, washer & dryer hookup, kitchenette rough-in.)
  • Post Frame Barn 56' x 72'
  • Hay Barn  40' x 40' (cement side walls)
  • Commodity Shed  (cement side walls)
  • Northwest Barn 
  • Southwest Barn

FARM PROGRAM INFORMATION:
FSA Farm #: 3554
FSA Tract #: 5876

Tracts 1, 2, and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Lucas County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

South East Quarter (SE 1/4) of Section Two (2) and the East One Half (E 1/2) of the South West Quarter (SW 1/4) of Section Two (2) Township Seventy-Two (72) North, Range Twenty (20) West, West of the 5th P.M. Lucas County, Iowa. Exact legal description to be taken from Abstract.

Details
  • Acres: 237.00 Acres M/L
  • Parcel Number: 0802300002, 0802300004, 0802400001, 0802400002, 0802400003, 0802400004
  • School District: Chariton Community Schools
  • Gross Taxes: $3,736.00

Directions

Beginning in Chariton, Iowa, at the intersection of N7th St & Ilion Ave, travel east on Ilion Ave. Continue on Co Rd H32/245th Trail for approximately 13 miles. Turn left/north onto the gravel H32/320th Ave, travel 1 mile. Turn right/east onto 510th St, travel ½ mile. Tracts 1 & 2 are located along the north side of 510th St.  Watch for Peoples Company auction signs.


Tract 3 - 510th St, Russell, IA 50238

Description

Tract 3 consists of 266 Acres M/L of mainly pasture land, with an estimated 22.66 Acres M/L of high quality tillable carrying a CSR2 value of 59. This tract has well maintained interior and exterior fencing with paddock grazing. Each paddock pasture funnels into a centrally located working facility for ease of service. In addition to the outstanding grazing opportunities, this tract is located in the heart of the whitetail country. Numerous timber draws and cover make this property ideal for your recreational pursuits. Gorgeous ridgetop views showcase the open pasture, quality tillable, timber draws along with the large forest to the north. Tract 3 is located along 510th St. in Section 1 of Cedar Township

FARM PROGRAM INFORMATION:
FSA Cropland Acres (Estimated): 22.66
FSA Farm #: 3554
FSA Tract #: 5876

Tracts 1, 2, and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Lucas County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

North West Quarter (NW 1/4) of Section One (1) and the West half (W 1/2) of the North East Quarter (NE 1/4) of Section One (1) Township Seventy-Two (72) North, Range Twenty (20) West, West of the 5th P.M. Lucas County, Iowa. Exact legal description to be taken from Abstract.

Details
  • Acres: 266.00 Acres M/L
  • Parcel Number: 0801100001, 0801100002, 0801100003, 0801100004, 0801200001, 0801200004
  • School District: Chariton Community Schools
  • Gross Taxes: $2,166.00

Directions

Beginning in Chariton, Iowa, at the intersection of N7th St & Ilion Ave, travel east on Ilion Ave. Continue on Co Rd H32/245th Trail for approximately 13 miles. Turn left/north onto the gravel H32/320th Ave, travel 1 mile. Turn right/east onto 510th St, travel ½ mile. Follow the curve to the north, Tract 3 is located at the bend before the road turns east again.  Watch for Peoples Company auction signs.


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