Upcoming Auction

Warren County, IA

Kirkwood St & 200th Ave
Milo , IA 50166

184.78 Acres M/L
AUCTION

Listing #15469

Bid Now!

PROPERTY INFO

Description

Peoples Company is pleased to be representing the Kenneth R. Schaper Trust in the sale of 184 total acres m/l located in Warren County just north of Milo, Iowa. The property will be offered in two separate tracts via Public Auction. The Public Auction will be held at the American Legion in Indianola, Iowa, and will begin at 10:00 AM on Friday June 11th there will be the option of Live and Online bidding available. Don't miss your opportunity to acquire one tract or a whole portfolio of quality farms in a strong area.

Possession: Possession of the farm will be given at closing. Subject to tenants rights.

Farm Lease: Farm is leased for 2021 crop season with buyer to receive second half of cash rent. Tenant has been terminated for 2022 growing season.

 

  • Sign On Property: Yes
  • MLS Number: 628314
  • School District: Southeast Warren Schools
  • General Area: Milo
  • Online Bidding: Yes
  • Auction Date: Jun 11, 2021

Bid Online

Auction Details

Warren County Land Auction
184.78 Acres M/L
Offered in 2 Tracts
Friday, June 11th, 2021
10:00 AM Central
Sellers: Kenneth R Schaper Revocable Trust

Auction Location:
American Legion Hall
105 W 1st Ave
Indianola, Iowa 50125

Auction Method: Tracts 1 & 2 will be sold on a per-acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased.Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Iowa 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 Warren 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 Wednesday, July 26th, 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: Farm is leased for 2021 crop season with buyer to receive second half of cash rent. Tenant has been terminated for 2022 growing 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.

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.


Description

Tract 1 consists of a total of 60.42 acres m/l located 5 miles southeast of Ackworth, IA. This tract contains 40.62 m/l tillable acres with a CSR2 of 81.2. The primary soils are Ladoga silt loam, Ely silt clay loam, and Zook silty clay loam. The remainder of the property includes a stocked pond and timbered draw with an abundance of wildlife. This property would make an excellent building site with amazing views overlooking the pond and both rural water and electric at the road. The farm is leased for 2021 with buyer to receive second half of cash rent estimated at $3,378.

Estimated FSA Cropland Acres: 40.62

Corn: 19.32 Base Acres with a PLC Yield of 125
Soybeans: 15.28 Base Acres with a PLC Yield of 44

Legal Description

East 1/2  NW 1/4  SE 1/4, The NE 1/2 NW 1/4 NW 1/4 SE 1/4,  and the NE 1/4 SE 1/4 except parcel F Section 33 Township 76 North Range 22 West. Exact legal description to be taken from Abstract.

Details
  • Acres: 60.42 Acres M/L
  • Parcel Number: 25000330840, 25000330821
  • School District: Southeast Warren Schools
  • CSR2: 81.20

Directions

From the intersection of Highway 65/69 and Highway 92 in Indianola, IA head east on Highway 92. After 8.5 miles and traveling through Ackworth, IA turn south onto 213th Ave. After 2.25 miles turn onto Kirkwood St. The property will be on the right after a half mile.


Description

Tract 2 consists of a total of 124.40 acres m/l located 5 miles southeast of Ackworth, IA. This tract contains 100.79 m/l tillable acres with a CSR2 of 62.8. There are 80.11 m/l acres currently in row crop production and carry a CSR2 of 72.4. The farm also has 9.71 acres of CRP paying $175.76 per acre or $1,706.63 until October 1, 2022 and another 10.97 acres that were in CRP but the contract has expired.  These acres can be re-enrolled in CRP or put into production. The remainder of the ground is in timbered draws that are loaded with deer and turkey and also includes 2 ponds (4 acre pond and a 1/2 acre pond). If you are looking for a building site off the beaten path this it. Electric is close but rural water would need to be brought in from McKinley Street. The farm is leased for 2021 with buyer to receive 2nd half of cash rent estimated at $6,972. 

Estimated FSA Cropland Acres: 100.79
Corn: 38.55 Base Acres with a PLC Yield of 125
Soybeans: 40.93 Base Acres with a PLC Yield of 44

Legal Description

The S 1/2 of the SW 1/4  except parcel F  Section 34 Township 76 North Range 22 West of the 5th PM. N1/2 NW 1/4 except parcel C in Section 3 Township 75 North Range 22 West. Exact legal description to be taken from Abstract.

Details
  • Acres: 124.40 Acres M/L
  • Parcel Number: 25000340661, 25000340681, 03000030441, 03000030421
  • School District: Southeast Warren Schools
  • CSR2: 72.40

Directions

From the intersection of Highway 65/69 and Highway 92 in Indianola, IA head east on Highway 92. After 8.5 miles and traveling through Ackworth, IA turn south onto 213th Ave. After 3.75 miles turn onto McKinley St heading east. In 1 mile turn North onto 220th ave. The property will be at the end of the road on the right side.


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.