Story County, IA

220th Street
State Center, IA 50247

200 Acres M/L
AUCTION

Listing #16830

Bid Now!

PROPERTY INFO

Description

Story County, Iowa Land Auction - Mark your calendar for Tuesday, August 1st, 2023 at 10:00 AM! Peoples Company is pleased to represent the Wayne G. Gray Estate in the sale of 200 acres m/l of prime Story County, Iowa farmland with top-producing soils! 

The farm is located northwest of State Center and northeast of Colo on the northeast corner where 730th Avenue & 220th Street intersect, also located in Section 36 of Sherman Township. Of the 200 total acres m/l, there are 194.59 FSA cropland acres with an impressive average CSR2 soil rating of 88.05, compared to the Story County average of 81. The farmland will be sold as two individual tracts using the “Buyer’s Choice” Auction Method where the High/Winning Bidder can elect to purchase an individual tract or both tracts.

Both farmland tracts are leased for the 2023 crop season.

Tract 1: 120 acres m/l with 116.94 tillable acres m/l carrying a soil rating of 88.1 CSR2. 
Tract 2: 80 acres m/l with 77.65 tillable acres m/l carrying a soil rating of 88 CSR2.


The farm will be sold as two individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyers Choice" auctioning will continue until both 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.

Legal Description

The West Half of the Southeast Quarter (W½ SE¼), except the East Twenty-four and three-fourths (24 ¼ feet of said West Half, and the South Half of the Southwest Quarter (S ½ SW ¼) and the Northeast Quarter of the Southwest Quarter (NE ¼ SW¼) of Section Thirty-six (36) in Township Eighty-four (B4) North, Range Twenty-one (21) West of the Fifth Principal Meridian. The exact legal description is to be taken from the Abstract.

  • Sign On Property: Yes
  • MLS Number: 676090
  • School District: Colo-NESCO Community School District
  • General Area: Northwest of State Center, Iowa
  • Online Bidding: Yes
  • Auction Date: Aug 1, 2023
  • CSR2: 88.10

Bid Online

Auction Details

Story County, Iowa Land Auction
200 Acres M/L (Offered in two tracts)
Tuesday, August 1st, 2023 at 10:00 AM

Auction Location:
City Hall
118 E. Main Street
State Center, IA 50247

Seller: Wayne G. Gray Estate

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 two tracts will be offered via Public Auction and will take place at 10:00 AM at the City Hall in State Center, Iowa. The two farmland tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one or both of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both 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: 120 Acres M/L
Tract 2: 80 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 Story 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 Story 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 Tuesday, December 5th, 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. 

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


Tract 1 - 730th Avenue & 220th Street , Colo, IA 50056

Description

Tract 1 consists of 120 acres m/l with 116.94 FSA cropland acres m/l and a CSR2 value of 88.1, surpassing the Story County average of 81. The farmland consists of top-producing soil types with Webster clay loam, Clarion loam, and Canisteo clay loam. The farmland tract is located on the northeast corner where 730th Avenue & 220th Street intersect, making it easily accessible from both the west and south side of the tract.

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

For more information on lease details, contact the Listing Agent. This highly tillable farmland tract is located in Section 36 of Sherman Township, Story County, Iowa.

 

Legal Description

The Southeast Quarter (SE¼), except the East Twenty-four and three-fourths (24 ¼ feet of said West Half, the South Half of the Southwest Quarter (S ½ SW ¼), and the Northeast Quarter of the Southwest Quarter (NE ¼ SW¼) of Section Thirty-six (36) in Township Eighty-four (B4) North, Range Twenty-one (21) West of the Fifth Principal Meridian. The exact legal description is to be taken from the Abstract.

Details
  • Acres: 120.00 Acres M/L
  • Parcel Number: 0836300300, 0836300400, 0836300200
  • School District: Colo-NESCO Community School District
  • Gross Taxes: $3,946.00
  • CSR2: 88.10

Directions

From Colo, Iowa, head east on US Highway 30 for 3.5 miles. Turn left (north) on 730th Avenue for 1.9 miles. The tract is located on the corner of 730th Avenue and 220th Street. Look for Peoples Company sign. 


Tract 2 - 220th Street, Colo, IA 50056

Description

Tract 2 consists of 80 acres m/l with 77.65 FSA cropland acres m/l and a CSR2 value of 88, consisting of top-producing soils of Webster clay loam, Nicollet Loam, Clarion loam, and Canisteo clay loam. The farmland tract is located on 220th Street.

The farms are leased for 2023, but farm leases will be terminated and open for the 2024 farm year. These high-quality farmland tracts are located in a strong farming community and would make for a great add-on tract to an existing farming operation or an investment for the Buyer looking to diversify their portfolio or hedge inflation. There are several grain marketing outlets located nearby including grain elevators and ethanol plants that can be accessed by both county and state paved highways.

For more information on lease details, contact the Listing Agent. This highly tillable farmland tract is located in Section 36 of Sherman Township, Story County, Iowa.

Legal Description

The Southeast half (SE ½) of the Southwest Quarter (SE ½ SW ¼) of Section Thirty-six (36) in Township Eighty-four (B4) North, Range Twenty-one (21) West of the Fifth Principal Meridian. The exact legal description is to be taken from the Abstract.

Details
  • Acres: 80.00 Acres M/L
  • Parcel Number: 0836400305, 0836400105
  • School District: Colo-NESCO Community School District
  • Gross Taxes: $2,610.00
  • CSR2: 88.00

Directions

From Colo, Iowa, head east on US Highway 30 for 3.5 miles. Turn left (north) on 730th Avenue for 1.9 miles. Turn right (east) on 220th Street. Travel east for half a mile. The tract is on the left side. Look for Peoples Company sign. 


INTERACTIVE MAP

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

DRONE VIDEO

Click the “play” button below to watch an aerial drone video of this property.