Marion County, IA

138th Place
Knoxville, IA 50138

179.25 Acres M/L
AUCTION

Listing #16503

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PROPERTY INFO

Description

Marion County, Iowa Land Auction- Mark your calendar for Tuesday, November 29th! Peoples Company is pleased to offer one of those rare occasions where farmland has been owned by the Dykstra Family for many years and will be made available and sold via public auction. The auction will consist of 179.25 acre m/l to be sold in three separate tracts on November 29th, 2022 at the National Sprint Car Hall of Fame Museum in Knoxville, IA.

Tract 1 consists of 39.38 Acres M/L with 34.18 FSA cropland acres and a CSR2 of 42. 
Tract 2 consists of 45.94 Acres M/L with 38.36 FSA cropland acres and a CSR2 of 54.8.
Tract 3 consists of 93.93 Acres M/L with 83.28 FSA cropland acres and a CSR2 of 75.6.

These tracts would be a great add on to an existing farm operation, an affordable tract for a beginning farmer, or a smart investment for the buyer looking to diversify their portfolio. The farm is leased for the 2023 crop season and the winning bidder will assume the lease. Contact the listing agent for details on the lease. The property is located northeast of Knoxville, Iowa in Section 6 and 31 of Knoxville Township. 

*Total acres are estimated and subject to change by the Marion County Assessor. Farm program information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Marion County FSA and NRCS offices.

  • MLS Number: 662647
  • Parcel Number: 0550700000, 0550600000, 0550400500, 0550900100, 0708400100, 0550200100
  • School District: Knoxville Community School District
  • General Area: Northeast of Knoxville, IA
  • Net Taxes: $4,584.00
  • Online Bidding: Yes
  • Auction Date: Nov 29, 2022
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

From Knoxville, Iowa: Travel half a mile east until reaching the intersection of Douglas Street and North 7th Street. Travel north for 0.25 miles until reaching 138th Place. Turn right on 138th place and travel north for 0.5 miles. All tracts are located along 138th Place. Look for the Peoples Company sign.


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Auction Details

Marion County Farmland Auction
179.25 Acres M/L
Offered in Three Tracts
Tuesday, November 29th, 2022
10:00 AM

Representing Attorney: David A. Johnson; Johnson, Lane & Hughes, Knoxville, Iowa

Auction Location: 
National Sprint Car Hall of Fame Museum
One Sprint Capital Place
Knoxville, Iowa 50138

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 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: All Tracts will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, one, two, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 39.38 Acres M/L 
Tract 2: 45.94 Acres M/L 
Tract 3: 93.93 Acres M/L 

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order 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 Marion 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 Marion 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 a check or wire transfer. All funds will be held at Johnson, Lane & Hughes.

Closing: Closing will occur on or before Wednesday, December 28th, 2022. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

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

Farm Lease: Farm is leased for the 2023 crop year and the buyer will assume the lease. 

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Johnson, Lane & Hughes the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

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 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. The 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


Tract 1 - 138th Place, Knoxville, IA 50138

Description

Tract 1 consists of 39.38 acres m/l with 34.18 FSA tillable acres carrying a CSR2 rating of 42. Tract 1 has the potential for many different uses including tillable farm, recreational tract with income, or potential building site close to town. Tracts of this size and affordability rarely come to the open market. The tillable acres are leased for the 2023 crop season and the buyer will assume the lease. Contact the listing agent for details. This property is less than a mile from Knoxville providing a convenient location but far enough away to still have seclusion. The property is located northeast of Knoxville in Section 31 of Knoxville Township, Marion County, Iowa.

Legal Description

All that part of the Southwest Quarter of the Southeast Quarter lying North and West of the public highway is now located in Section Thirty-one (31), Township Seventy-six (76) North, Range Nineteen (19) West of the 5th P.M. Exact legal description will come from Abstract.

Details
  • Acres: 39.38 Acres M/L
  • Parcel Number: Part of 0708400100
  • Net Taxes: $690.26
  • CSR2: 42.00

Directions

From the intersection of Highway 14 and Highway G44, Travel east on G44 for 1.5 miles until reaching 138th Place. Turn right (south) on 138th place for 0.25 miles. Tract 1 is located on the north side of 138th Place. Look for the Peoples Company sign.


Tract 2 - 138th Place, Knoxville, IA 50138

Description

Tract 2 consists of 45.94 acres m/l with 38.36 FSA tillable acres carrying a CSR2 rating of 54.8. Tract 2 has the potential for many different uses including tillable farm, recreational tract with income, or potential building site close to town. Tracts of this size and affordability rarely come to the open market. The tillable acres are leased for the 2023 crop season and the buyer will assume the lease. Contact the listing agent for details. This property is less than a mile from Knoxville providing a convenient location but far enough away to still have seclusion. Primary soil types include Ladoga silt loam and Sharpsburg silty loam. The property is located northeast of Knoxville in Section 6 of Knoxville Township, Marion County, Iowa.

Legal Description

That part of the East 25 chains of the West 50 chains of the North Fractional half of Section 6, Township 75, North Range 19 West of the 5th P.M., described as follows: Commencing 25 chains East and 16 chains North of the Southwest corner of the North Fractional half of said Section, thence North to North line of said Section, thence East 25 chains, thence South 19 chains and 5 links to the Southwest corner of Lot 4 of the survey and subdivision of said North fractional half of said Section, thence Southwest to place of beginning; also, commencing chains West and 19 chains and 5 links South of the Northeast corner of said North Fractional half of said Section, thence South 3 rods, thence West 58 rods, thence Northeast to the place of beginning, EXCEPT Parcel B of the West frl half of the Northeast frl. quarter according to plat of survey thereof recorded in Book 2001, Page 1618. Exact legal description will come from Abstract.

Details
  • Acres: 45.94 Acres M/L
  • Parcel Number: 0550400500, 0550200100
  • Net Taxes: $982.00
  • CSR2: 54.80

Directions

From the intersection of Douglas Street and North 7th Street travel north for 0.25 miles until reaching 138th Place. Turn right on 138th place and travel for 0.5 miles. Tract 2 is located on the west side of 138th Place. Look for the Peoples Company sign.


Tract 3 - 138th Place, Knoxville, IA 50138

Description

Tract 3 consists of 93.93 acres m/l with 83.28 FSA tillable acres carrying a CSR2 rating of 75.6. Tract 3 is a highly tillable tract with good soils and a cell phone tower for additional income. The tillable acres are leased for the 2023 crop season and the buyer will assume the lease. The cell phone tower lease pays $552.04/month and will transfer to the new owner. Contact the listing agent for detail on the farm lease and cell phone tower lease. Over half of the tillable acres are highly desirable Sharpsburg Silty Clay Loam. The property is located northeast of Knoxville in Section 6 of Knoxville Township, Marion County, Iowa.

Legal Description

The East 25 chains of the N frl ½ of Section 6, Township 75 North, Range 19 West of the 5th P.M. except the South 18 feet thereof, used for roadway purposes, and further excepting part of the S ½ of the NE frl 1/4 of said Section 6 described as follows: Beginning at the Southwest corner of the SE ¼ of said NE frl 1/4, thence West 349.4 feet along the South line of said NE frl ¼ to the centerline of the public road, thence North 1 degree 36’ East 604.2 feet along said centerline, thence south 51 degrees, 49’ East to the South line of said NE frl 1/4, thence West 435.5 feet to the point of beginning; and part of the S ½ of the SE ¼ of Section 31, Township 76 North, Range 19 West of the 5th P.M. described as follows: Beginning at the point where the center line of the road running North and South across the entire length of said SE ¼ intersects with the South line of said ¼, thence North 11 rods more or less to the center of the road running East and West across said ¼, thence Westerly and Southerly along the center line of said road to the South line of said ¼, thence East to the place of beginning. Exact legal description will come from Abstract.

Details
  • Acres: 93.93 Acres M/L
  • Parcel Number: 0550900100, 0550700000, 0550600000, part of 0708400100
  • Net Taxes: $2,911.74
  • CSR2: 75.60

Directions

From the intersection of Highway 14 and Highway G44, Travel east on G44 for 1.5 miles until reaching 138th Place. Turn right on 138th place for 0.5 miles. Tract 3 is located on the southeast side of 138th Place. Look for the Peoples Company sign.


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