Wayne County, IA

Payton Road & 120th Street
Corydon, IA 50060

116.19 Acres M/L
AUCTION

Listing #15706

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PROPERTY INFO

Description

Peoples Company is honored to be representing The Estate of Vera A. Everman in the sale of 116.19 acres of the family farm located north and west of Corydon, Iowa. The beginning of the Everman Family Farm dates back to 1944 making this a rare opportunity to purchase good Wayne County farmland that has not been available to the public in over 77 years.

Three tracts ranging in size from 36.19 surveyed acres to 40 acres m/l will be offered presenting a unique opportunity to purchase high quality tillable acres, excellent recreational & hunting options with added income or the perfect location with exceptional views to build your dream home on. The current farm lease has been terminated and farming rights will be available to the Buyer(s) for the 2022 farm year.

The way this farm is subdivided offers something for everyone, including the smaller, medium and large acreage buyers. Create the best combination of tracts that offers the optimum purchase for your operation. This is a rare opportunity to design a purchase of good Wayne County farmland that best fits your needs and at your price.

These tracts will be offered via a live Public Auction and will take place Thursday, October 14th at 5:00 PM at the Wayne County Fair Event Center at 800 2nd Avenue in Corydon, Iowa. The land will be sold as three individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, any tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.

  • Sign On Property: Yes
  • MLS Number: 636683
  • Parcel Number: 060F12100003; 060F12100001; TBD
  • School District: Wayne Community Schools
  • General Area: North and west of Corydon, Iowa
  • Gross Taxes: $1,910.00
  • Online Bidding: Yes
  • Auction Date: Oct 14, 2021
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

Beginning in Corydon, Iowa travel west on Highway 2 approximately 1 mile to 120th Street. Travel north on 120th Street approximately 2.75 miles to the intersection of Payton Road and 120th Street. Tract 1 will be located approximately one-quarter east along Payton Road on the north side of the road. Tracts 2 and 3 are located along the east side of 120th Street at the intersection of Payton Road and 120th Street. Watch for Peoples Company auction signs.


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Auction Details

Wayne County, Iowa Land Auction

116.19 Acres M/L

Offered in Three Tracts

Thursday, October 14, 2021

5:00 PM CST

 

Seller:

The Estate of Vera A. Everman

Alicia Keasling, Executor of the Estate

Attorney for the Estate:

Jenna K. Lain, Attorney at Law

Meyer & Lain

Corydon, Iowa 50060

 

Auction Location:

Wayne County Fair Event Center

800 2nd Avenue

Corydon, Iowa 50060

 

Auction Method: Tracts 1, 2 and 3 will be sold on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice”, where 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.

Tract 1: 36.19 Acres M/L

Tract 2: 40 Acres M/L

Tract 3: 40 Acres M/L

 

Farm Program Information: Farm Program Information is provided by the Wayne 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 farms are reconstituted by the Wayne 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 Meyer & Lain Trust Account.

Closing: Closing will occur on or around Thursday, November 10, 2021. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer.

Possession: Possession of the farm will be given at closing, subject to the current tenant’s rights.

Hunting Lease: There are no hunting leases in place.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2022 crop season.

Survey Information: Tract 1 has been surveyed to determine the property boundaries and actual gross acres to be sold. Tract 2 and 3 have been surveyed and if tracts 2 and 3 sell to different Buyers, then Sellers will pay for the surveyor to put minimal stakes in the tract splits to identify new boundaries. Any additional staking will be at the expense of the Buyer(s) of each tract. This work will not be completed until after 2021 crops are removed.

Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) 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. Sale is not contingent upon Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction. Transfer will be made by Court Officer Deed. Estate Auction is subject to final court approval.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.

Tract 1 Driveway Entrance: Tract 1 does not currently have its own driveway entrance off of Payton Road. The new owner of Tract 1 will be responsible for installing a new driveway entrance per the Wayne County Engineer’s Office plans and specifications. Any and all costs associated with the installation of new driveway entrances, if needed, will be at the sole expense of the new owners of each tract. The Sellers will not install any new driveway entrances.

Fences: Existing fences, if any, are in as-is condition and will not be updated. Not all property lines have fences installed. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.

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.

Location


Description

Tract 1 totals 36.19 surveyed acres and consists of approximately 33.35 tillable acres (estimated) currently in crop production carrying an estimated 56.7 CSR2 on the tillable soils. Primary soil types on the tillable acres include Seymour Silty Clay Loam and Seymour Silt Loam. The balance of Tract 1 is in waterways. This tract would make an excellent location to build your dream home on with rural water and electric available along Payton Road. Tract 1 is located along the north side of Payton Road in Section 1 of Benton Township. Buyer will be responsible for installing a new driveway access along Payton Road per the Wayne County Engineer’s Office plans and specifications.

FARM PROGRAM INFORMATION:

FSA Farm #: 949

FSA Tract #: 900

Tracts 1, 2 and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Wayne County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

That part of the West Half of the Southwest Quarter of Section 1, Township 69 North, Range 22 West of the 5th P.M., Wayne County, Iowa, described as follows;

Beginning at the Southeast corner of the Southwest Quarter of said Southwest Quarter; thence  North 89 degrees  57 minutes 51 seconds West, 510.00 feet along the  South  line of said Southwest Quarter; thence North 00 degrees 02 minutes 09 seconds East, 208.00 feet; thence North 89 degrees 57 minutes 51 seconds West, 90.20 feet; thence North 00 degrees 20 minutes 43 seconds West, 2448.44 feet to the North line of said West Half of the Southwest Quarter; thence North 89 degrees 43 minutes 53 seconds East, 568.67 feet along said North line; thence South 45 degrees 16 minutes 09 seconds East, 46.67 feet to  the East line of said West Half of the Southwest Quarter; thence South 00 degrees 17 minutes 01 seconds East, 2626.62 feet to the Point of Beginning, having an area of 36.19 Acres including 0.47 Acres of Road Easement. Exact legal description to be taken from the Abstract.

Details
  • Acres: 36.91 Acres M/L
  • Parcel Number: TBD
  • Gross Taxes: $600.00
  • CSR2: 56.70

Directions

Beginning in Corydon, Iowa travel west on Highway 2 approximately 1 mile to 120th Street. Travel north on 120th Street approximately 2.75 miles to the intersection of Payton Road and 120th Street. Tract 1 will be located approximately one-quarter east along Payton Road on the north side of the road. Watch for Peoples Company auction signs.


Description

Tract 2 totals 40 acres m/l and consists of approximately 33.98 tillable acres (estimated) currently in crop production carrying an estimated 49.7 CSR2 on the tillable soils. Primary soil types on the tillable acres include Seymour Silty Clay Loam and Seymour Silt Loam. The balance of Tract 2 is in waterways and timbered draws. This tract would be an ideal location to build your dream home on with outstanding views. Rural water is located along the north side of Payton Road. Electric would be available to this tract along Payton Road and 120th Street. Tract 2 is located in Section 12 of Benton Township along the south side of Payton Road and east side of 120th Street with access from Payton Road.

FARM PROGRAM INFORMATION:

FSA Farm #: 949

FSA Tract #: 900

Tracts 1, 2 and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Wayne County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

The North Half of the West Half of the Northwest Quarter of Section 12, T-69-N, R-22-W in Wayne County, Iowa. Exact legal description to come from Abstract.

Details
  • Acres: 40.00 Acres M/L
  • Parcel Number: 060F12100001
  • School District: Wayne Community Schools
  • Gross Taxes: $652.00
  • CSR2: 49.70

Directions

Beginning in Corydon, Iowa travel west on Highway 2 approximately 1 mile to 120th Street. Travel north on 120th Street approximately 2.75 miles to the intersection of Payton Road and 120th Street. Tracts 2 and 3 are located along the east side of 120th Street at the intersection of Payton Road and 120th Street. Watch for Peoples Company auction signs.


Description

Tract 3 totals 40 acres m/l and consists of approximately 33.89 tillable acres (estimated) currently in crop production carrying an estimated 48.5 CSR2 on the tillable soils. Primary soil types on the tillable acres include Seymour Silty Clay Loam and Adair Clay Loam. The balance of Tract 3 is in waterways and timbered draws. This tract would be an ideal location to build your dream home on with outstanding views. Electric is available along 120th Street, however, rural water is only located along the north side of Payton Road. Tract 3 is located in Section 12 of Benton Township along the east side of 120th Street with access made to this tract along 120th Street.

FARM PROGRAM INFORMATION:

FSA Farm #: 949

FSA Tract #: 900

Tracts 1, 2 and 3 are currently all combined in the same farm program. All FSA information, including estimated tillable acres, is subject to change when the tracts are reconstituted by the Wayne County FSA Office and NRCS Office. All figures shown are just estimates. Please refer to the current FSA 156 and maps for more information.

Legal Description

The South Half of the West Half of the Northwest Quarter of Section 12, T-69-N, R-22-W in Wayne County, Iowa. Exact legal description to come from Abstract.

Details
  • Acres: 40.00 Acres M/L
  • Parcel Number: 060F12100003
  • School District: Wayne Community Schools
  • Gross Taxes: $658.00
  • CSR2: 48.50

Directions

Beginning in Corydon, Iowa travel west on Highway 2 approximately 1 mile to 120th Street. Travel north on 120th Street approximately 2.75 miles to the intersection of Payton Road and 120th Street. Tracts 2 and 3 are located along the east side of 120th Street at the intersection of Payton Road and 120th Street. Watch for Peoples Company auction signs.


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DRONE VIDEO

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PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos