Peoples Company is pleased to be representing the Marian L. Frohardt Trust in the sale of 148.02 total acres m/l located in Pottawattamie County just southwest of Hancock, Iowa. The property will be offered in three separate tracts via Public Auction. The Public Auction will be held at the Community Building in Oakland, Iowa, and will begin at 10:00 AM on Wednesday, June 17th. There will be the option of Live and Online bidding available. The three tracts are situated in section 14 and section 22 of James Township Pottawattamie County, Iowa. Don't miss your opportunity to acquire one tract or a whole portfolio of quality farms in a strong area!
A five percent (5%) Buyer's Premium will be added to the final bid price and included in the total purchase price.
Exact legal description to be taken from Abstract.
From Hancock, IA head west on West Kimball Street/ Mahogany Road for 3 miles, turn left/south on 400th St for 1 mile to Magnolia Road. Tract 3 is on the northeast side of the intersection of 400th St and Magnolia Road. Tracts 1 and 2 are a 1/4 mile to the west on Magnolia Road on the south side.
Exact tract acres are not subject to change from final survey. Purchase price will be adjusted to final acres.
Pottawattamie County Land Auction
148.02 Acres M/L
Offered in three tracts
Thursday, June 17th, 2021
10:00 AM Central
Sellers: Marian L. Frohardt
Oakland Community Building
614 Dr, Van Zee Rd
Oakland, Iowa 51560
Auction Method: All 3 tracts will be sold individually on a per-acre basis. We will start off by selling Tract 1 and continue to Tract 2, etc.
Farm Program Information: Farm Program Information is provided by the Pottawattamie 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 Pottawattamie 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 the Peoples Company trust account.
Closing: Closing will occur on or about October 20, 2021. 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 farm is currently leased for the 2021 cropping season and will be open for 2022.
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.
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 consists of 31.36 acres m/l with approximately 26.84 Cropland acres carrying a CSR2 rating of 70.2. The primary soil types include Marshall silty clay loam and Monona silt loam. The farm is located 1/2 mile west of the intersection of 400th St and Magnolia Road in Section 22 of James Township, Pottawattamie County, Iowa.
NW 1/4 of the NE 1/4 (31.36 acres m/l) Section 22, Township 76 North, Range 40 West of the 5th P.M. Pottawattamie County, State of Iowa.
Tract 2 consists of 39.73 acres m/l with approximately 37.84 FSA Cropland acres carrying a CSR2 rating of 76.9. The primary soil types include Ackmore Colo Judson complex and Monona silt loam. The farm is located 1/2 mile southeast of 400th St and Magnolia Road in Section 22 of James Township, Pottawattamie County, Iowa.
SW 1/4 of the NE 1/4 (39.73 acres m/l) Section 22, Township 76 North, Range 40 West of the 5th P.M. Pottawattamie County, State of Iowa.
Tract 3 consists of 76.93 acres m/l with approximately 76.91 FSA Cropland acres carrying a CSR2 rating of 78.6. Highly Erodible Land Conservation system is actively being applied. The primary soil types include Monona silt loam, Judson silty clay loam, and AckmoreColoJudson complex. The farm is located northeast of Magnolia Road and 400th Street in Section 14 of James Township, Pottawattamie County, Iowa.
W 1/2 of the SW 1/4 (76.93 acres m/l) Section 14 Township 76 North, Range 40 West of the 5th P.M. Pottawattamie County, State of Iowa.
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