Warren County, IA
234.43 Acres M/L

5146 Kennedy St
Prole , IA 50229
Listing #16172

Sold

Bid Online

Property Info

Description

Peoples Company is honored to represent the Duane & Mary Proudfit Family Trust & the Bown Family Trust in the sale of 234.43 acres m/l located 7.5 miles west of Indianola, Iowa, in Warren County. This farm has what everyone wants: high-quality tillable farmland, beautiful views, and excellent building sites, all located 1.25 miles off a hard surface road. The tillable acres are tiled and would be a great addition to any operation or investment portfolio. The farm is only 20 minutes from the Des Moines Metro and has easy access to Highway R45. The auction will take place on July 1st at 10:00 am at the American Legion Hall in Indianola, Iowa. The farm will be sold in four tracts using the buyers' choice method of marketing, allowing the successful bidder to take their choice of tracts one, two, and/or three with their high bid. Tract four will be sold last and on a whole dollar basis.

Tract 1: 40 acres m/l with 36.06 tillable acres carrying a CSR2 soil rating of 67.1.

Tract 2: 114.43 surveyed acres m/l with an estimated 103.82 tillable acres carrying a CSR2 soil rating of 76.2.

Tract 3: 72.45 acres m/l with 38.41 tillable acres carrying a CSR2 soil rating of 83.2. Also contains 29.2 acres m/l of high-quality pasture.

Tract 4: 7.55 surveyed acres m/l with a two-story home built in 1885 with multiple outbuildings and enough room for livestock!

       **** Open House will take place Friday, June 10th, 2022 starting at 3:00 PM and ending at 6:00 PM. 

Please do not miss your chance to purchase one or all four of these outstanding tracts. Whether it be an addition to an existing operation, dream building site, or weekend getaway location with a view, this auction has all of that and more! Contact Daran Becker, the listing agent, for showings or any questions. See you at the American Legion Hall Friday, July 1st, 2022, at 10:00 AM!

Legal Description

Exact legal description to be taken from abstract or survey at closing.

Details

FSA Cropland Acres 178.29
Corn: 107.90 Base Acres with a PLC Yield of 137
Soybeans: 79.30 Base Acres with a PLC Yield of 39

*** Farm program Information is for the four tracts. Base Acres will be adjusted per the default method when the farm is reconstituted by the Warren County FSA office.

  • Sign On Property: Yes
  • MLS Number: 651691
  • Parcel Number: 09000270880, 09000260640, 09000260661, part of 090002260620, part of 09000260680, 09000350440, 09000350460
  • School District: Martensdale - St Marys School
  • General Area: South of Martensdale
  • Net Taxes: $6,826.00
  • Online Bidding: Yes
  • Auction Date: July 1, 2022
  • Possession: At Closing Subject to Tenants Rights
  • Terms: Cash, Conventional

Additional Info

Open House on Tract four will be held Friday, June 10th, 2022 starting at 3:00 PM and ending at 6:00 PM


Bid Online

Auction Details

Warren County Land Auction
234.43 Acres M/L
Offered in four tracts
Friday, July 1st, 2022
10:00 AM

Seller:
Duane & Mary Proudfit Family Trust & Bown Family Trust 

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

Auction Method:  Tracts one, two and three 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, in any order, any or all tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all three tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction. After Tracts one, two and three have been selected we will open the bidding on Tract four. Tract four will be sold on a "Whole Dollar Basis."

Tract 1: 40 Acres M/L
Tract 2: 114.43 Acres M/L
Tract 3: 72.45 Acres M/L
Tract 4: 7.55 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 Warren 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 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 Peoples Company’s Trust Account.

Closing: Closing will occur on or before Monday, August 15th, 2022. 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 land will be given At Closing. Early possession may be granted on Tracts 1-3. 

Farm Lease: The farmland will be open for the 2022 farming 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.

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 the 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.

Location


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.


Tract 1 - 0 Kennedy St & 50th Ave, Prole, IA 50229

Tract 1
Description

Tract one offers 40 acres m/l of prime Warren County farmland with 36.06 acres considered FSA tillable. The primary soil types are Sharpsburg silty clay loam and Shelby silty clay loam producing an average CSR2 of 67.4.  The non-tillable acres are currently in a grass waterway and timbered creek bottom with just enough room to hang your tree stand. The creek is loaded with deer and turkey sign and is a major travel corridor between the larger timbered tracts to the north and south of the property. Buyers will receive a $3,155 credit at closing for the last half of cash rent. This property would make an excellent building site with tremendous views of the Warren County countryside.

Legal Description

The SE 1/4 SE 1/4 all in Section 27 Range 76N Range 25W. Exact Legal description is to be taken from the abstract.

Details
  • Acres: 40.00 Acres M/L
  • Parcel Number: 09000270880
  • Net Taxes: $884.00
  • CSR2: 67.10

Directions

From the intersection of Highway 28 and Highway 92 on the southeast corner of Martensdale, IA turn east on Highway 92. After 0.5 miles turn south on Highway R45. After 1.25 miles turn east onto Keokuk St. If you continue past the curves still heading east the road turns into Kennedy Street and tract one is roughly one mile from Highway R45.

Heading west out of Indianola, IA on Highway 92, keep west for six miles. Turn south on 60th Ave for one mile. Once you hit the intersection of 70th Ave and Kennedy St turn west onto Kennedy St. Tract two will be on the right-hand side in nearly one mile.


Description

Tract two includes 114.43 surveyed acres m/l of prime Warren County farmland with approximately 103.82 acres considered FSA tillable. The primary soil types are Sharpsburg silty clay loam and Judson silty clay loam with an average CSR2 of 76.2. The non-tillable acres are currently in grass waterways and an older set of farm buildings. Included with the property are a 40 x 60 machine shed, older open front pole barns for machinery storage, and six small grain bins. This tract would make a nice addition to your current row crop operation or would be an excellent place to build your dream home. Buyers will receive $8,583 as a credit at closing for the second half of cash rent.

Legal Description

The SW 1/4 SW 1/4 Ex Parcel D, NE 1/4 SW 1/4, and West 1/2 of the East 1/2 of the SW 1/4 all in Section 26 Township 76N Range 25W. Exact Legal description is to be taken from the Abstract.

Details
  • Acres: 114.43 Acres M/L
  • Parcel Number: 09000260640, 09000260661, part of 090002260620, part of 09000260680
  • Net Taxes: $2,937.00
  • CSR2: 76.20

Directions

From the intersection of Highway 28 and Highway 92 on the southeast corner of Martensdale, IA turn east on Highway 92. After 0.5 miles turn south on Highway R45. After 1.25 miles turn east onto Keokuk St. If you continue past the curves still heading east the road turns into Kennedy Street and Tract one is roughly 1.25 miles from Highway R45.

Heading west out of Indianola, IA on Highway 92, keep west for six miles. Turn south on 60th Ave for one mile. Once you hit the intersection of 70th Ave and Kennedy St turn west onto Kennedy St. Tract two will be on the right-hand side in nearly 0.6 miles.


Tract 3 - 000 Kennedy St and 50th Ave, Prole, IA 50229

Tract 3
Description

Tract three consists of 72.45 gross acres m/l with 38.41 acres considered FSA tillable. The tillable acres carry a CSR2 of 83.2 with over 95% of those acres being Sharpsburg soils. The remainder of the farm is in an open pasture with a large stocked pond available for watering livestock. The soil map on the whole farm shows a CSR2 of 68. Buyers will receive $3,360 as a credit at closing for the second half of cash rent. There is driveway access off of 50th Avenue or buyers could apply for and install a new driveway off of Kennedy Street. Tract 3 would be a great addition to your operation with both high-quality row crop and open pasture.

Legal Description

The West 1/2 of the NW 1/4, Except 7.55 acres m/l to be surveyed all in Section 35 Range 76N Township 25N. The Exact Legal Description is to be taken from the Survey.

Details
  • Acres: 72.45 Acres M/L
  • Parcel Number: 09000350440, 09000350460
  • CSR2: 83.20

Directions

From the intersection of Highway 28 and Highway 92 on the southeast corner of Martensdale, IA turn east on Highway 92. After 0.5 miles turn south on Highway R45. After 1.25 miles turn east onto Keokuk St. If you continue past the curves still heading east the road turns into Kennedy Street and Tract one is roughly 1.25 miles from Highway R45.

Heading west out of Indianola, IA on Highway 92, keep west for six miles. Turn south on 60th Ave for one mile. Once you hit the intersection of 70th Ave and Kennedy St turn west onto Kennedy St. Tract three will be on the right-hand side in nearly 0.75 miles.


Description

Tract four consists of a 1,950 square foot, two-story, three-bedroom home with over 7.55 surveyed acres of prime Warren county farmland. There are a wide variety of options available for this unique acreage from fixing up a turn of the century farmstead to building your dream home. The property includes a beautiful walnut grove, 1900's style dairy barn, and multiple out-buildings. The house is currently on well water with the well-located just southeast of the house. The house, outbuildings, and property are being sold (As Is Where Is) and will not be updated by the sellers. All inspections are the responsibility of the buyers and are to be completed prior to the auction. It will also be the responsibility of the buyers to sign a binding agreement with the Warren County Environmental Health Department prior to closing in order to bring the septic system up to code if so desired.

Legal Description

7.55 Acres m/l to be surveyed off of the NW 1/4 of the NW 1/4 Section 35 Township 76N Range 25W. Exact Legal description to be taken from Abstract.

Details
  • Acres: 7.55 Acres M/L
  • Parcel Number: 09000350440
  • Net Taxes: $392.97

Directions

From the intersection of Highway 28 and Highway 92 on the southeast corner of Martensdale, IA turn east on Highway 92. After 0.5 miles turn south on Highway R45. After 1.25 miles turn east onto Keokuk St. If you continue past the curves still heading east the road turns into Kennedy Street and Tract two is roughly 1.25 miles from Highway R45.

Heading west out of Indianola, IA on Highway 92, keep west for six miles. Turn south on 60th Ave for one mile. Once you hit the intersection of 70th Ave and Kennedy St turn west onto Kennedy St. Tract four will be on the right-hand side in nearly 0.75 miles.


Tract 1 Photos

Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1
Tract 1

Tract 2 Photos

Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2
Tract 2

Tract 3 Photos

Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3
Tract 3

Tract 4 Photos

Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4
Tract 4