Wayne County, IA

Iowa Highway 14/Uniform Street
Corydon, IA 50060

270.40 Acres M/L
AUCTION

Listing #16533

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PROPERTY INFO

Description

Wayne County, Iowa Farmland Auction - Mark your calendar for Friday, February 3rd, 2023 at 10:00 AM! Peoples Company is pleased to represent the John R. Knolke Revocable Trust in the sale of 270.4 total acres m/l located immediately northwest of Millerton, Iowa. This contiguous farm, located along the east side of paved Iowa Highway 14 and south of Uniform Street, will be offered in three tracts. These tracts offer a range of high quality tillable ground, hard-to-find pasture, and multiple building site locations combined with prime recreational opportunities for outdoor enthusiasts.

Tract #1: 104.01 Acres M/L, 103.23 FSA tillable acres, CSR2 61.5.
Tract #2: 81.52 Surveyed Acres M/L, estimated 67.21 FSA tillable acres, CSR2 46.2. (Updated 01-31-2023)
Tract #3: 84.87 Surveyed Acres M/L, estimated 63.26 FSA tillable acres, CSR2 53.9 with a 48' x 72' (3,456 sq. ft.) machine shed. (Updated 01-31-2023)

Utilities include an available 2" rural water line running along the east side of Iowa Highway 14 through the Rathbun Rural Water Association and electricity through Alliant/Interstate Power and Light along the west side of Iowa Highway 14 and the south side of Uniform Street. Tract #3 includes a 48' x 72' machine shed with a current rural water pit permitted for livestock use. The buyer should verify both the electric and rural water availability before bidding at the auction. The farm acres are subject to change based on the final survey. No additional surveying or staking will be provided by the Seller.

(Survey has been completed on 01-31-2023. Tract #2 adjusted to 81.52 Surveyed Acres M/L. Tract #3 adjusted to 84.87 Surveyed Acres M/L. Total farm adjusted to 270.4 Acres M/L.)

The farm lies within the east half of Section 18 and the northeast quarter of Section 19 of Union Township in Wayne County, Iowa. The tracts will be sold as three individual parcels using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take any order, one, two, or all of the tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Virtual Online Auction option, where online bidding will be available. Here is a rare opportunity to purchase contiguous tracts of Southern Iowa farmland, pasture, and recreational land within a short drive from Corydon, Chariton, or Knoxville!

Legal Description

The Northeast Quarter and the West Half of the Southeast Quarter of Section Eighteen except a parcel of land located in the Northwest Quarter of the Southeast Quarter of said Section Eighteen, more particularly described as follows: Beginning at the center of said Section Eighteen; thence East Two Hundred Twenty-two and Two Tenths feet; thence South Four Hundred Sixty-four and Seventy-seven Hundredths feet; thence East Two Hundred Twenty-five feet; thence South Three Hundred Twenty-eight and Twenty-five hundredths feet; thence West Four Hundred Fifty-eight and Five-Tenths feet; thence North Seven Hundred Ninety-three and Two Hundredths feet to the place of beginning and containing 5.83 acres including highway easements, and except a parcel of land located in the Southwest Quarter of the Southeast Quarter of said Section Eighteen, more particularly described as follows: Beginning at the Southwest comer of the above said Quarter-Quarter; thence North One Hundred Twenty-five and Twenty-nine Hundredths feet; thence East Four Hundred Fifty-five and Eight Tenths feet; thence South One Hundred Twenty-five and Twenty-nine Hundredths feet; thence West Four Hundred Fifty-five and Eight Tenths feet to place of beginning and containing 1.31 acres including highway easement, ALL in Section Eighteen, Township Seventy North, Range Twenty-one West of the Fifth P.M. in Wayne County, Iowa, AND The Northwest Quarter of the Northeast Quarter of Section Nineteen except a parcel of land located in the Northwest Quarter of the Northeast Quarter of said Section Nineteen, more particularly described as follows: Beginning at the Northwest comer of the above said Quarter-Quarter, thence East Four Hundred Fifty-five and Eight Tenths feet; thence South Four Hundred Nineteen and Forty-one Hundredths feet, thence West Four Hundred Fifty-five and Eight Tenths feet; thence North Four Hundred Nineteen and Forty-one Hundredths feet to the place of beginning and containing 4.39 acres including highway easement, all in Township Seventy North, Range Twenty-one West of the Fifth P.M. in Wayne County, Iowa. Exact legal description to be taken from Abstract.

  • Sign On Property: Yes
  • MLS Number: 665500
  • Parcel Number: 030G18400001; 030G18400003; 030G19200001; 030G18200001; 030G18200002; 030G18200003; 030G18200004
  • School District: Wayne Community School District
  • General Area: Northwest of Millerton, IA
  • Net Taxes: $4,710.00
  • Online Bidding: Yes
  • Auction Date: Feb 3, 2023
  • Possession: At Closing, Subject to Tenant's Rights
  • Terms: Cash, Conventional

Directions

From Chariton, Iowa: Travel south out of town on Iowa Highway 14 for approximately 11 miles. The three tracts will be located southeast of the intersection at Iowa Highway 14 and Uniform Street along the east side of the paved highway. Look for the Peoples Company signs.

From Corydon, Iowa: Travel north out of town on Iowa Highway 14 for approximately 6.50 miles. The three tracts will be located north of the intersection at Iowa Highway 14 and County Highway J22 along the east side of the paved highway. Look for the Peoples Company signs.


Bid Online

Auction Details

Wayne County Land Auction
270.4 Acres M/L
(Updated 01-31-2023)
Offered in Three Tracts
Friday, February 3rd, 2023 at 10:00 AM

Auction Location:
Wayne County Fair Event Center
800 2nd Avenue
Corydon, Iowa 50060

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 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: All 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, 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.

Tract 1: 104.01 Acres M/L
Tract 2: 81.52 Surveyed Acres M/L (Updated 01-31-2023)
Tract 3: 84.87 Surveyed Acres M/L (Updated 01-31-2023)

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 Wayne 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 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 Peoples Company’s Trust Account.

Closing: Closing will occur on or before Friday, March 17th, 2023. 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, Subject to Tenant's Rights. 

Farm Lease: The farm is available for the 2023 cropping season.

Contract & Title: Immediately upon 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. Sale is not contingent upon Buyer financing.

Surveys: A survey will be completed by the Seller. The farmland acres are subject to change after the survey has been completed, but prior to the auction. No additional surveying or staking will be provided by the Seller.

(Survey has been completed on 01-31-2023. Tract #2 adjusted to 81.52 Surveyed Acres M/L. Tract #3 adjusted to 84.87 Surveyed Acres M/L. Total farm adjusted to 270.4 Acres M/L.)

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. 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


Tract 1 - Iowa Highway 14, Corydon, IA 50060

Description

Tract #1 consists of 104.01 acres m/l with 103.23 FSA cropland acres carrying a CSR2 soil rating of 61.5. The primary soil types include Edina silt loam, Grundy silty clay loam, and Arispe silty clay loam. This highly tillable tract has gently rolling southern Iowa slopes that naturally navigate water off of the property.

There is a driveway entrance into the farm off of Iowa Highway 14 located on the southwest corner of the property. According to the Iowa Department of Transportation, this is a shared driveway from a previously vacated road directly across from Terrace Road along the southern property boundary. Prior to closing, the road signs will be moved to allow more direct access into the farm (please contact Listing Agents for additional details). Available utilities include a 2" rural water line running along the east side of Iowa Highway 14 through the Rathbun Rural Water Association. The farm lies within Sections 18 and 19 of Union Township in north central Wayne County, Iowa.

Legal Description

The West Half of the Southeast Quarter of Section Eighteen (18), Except a parcel of land located in the Northwest Quarter of the Southeast Quarter of said Section Eighteen (18), more particularly described as follows: Beginning at the center of said Section Eighteen; thence East Two Hundred Twenty-two and Two Tenths feet; thence South Four Hundred Sixty-four and Seventy-seven Hundredths feet; thence East Two Hundred Twenty-five feet; thence South Three Hundred Twenty-eight and Twenty-five hundredths feet; thence West Four Hundred Fifty-eight and Five-Tenths feet; thence North Seven Hundred Ninety-three and Two Hundredths feet to the place of beginning and containing 5.83 acres including highway easements, and except a parcel of land located in the Southwest Quarter of the Southeast Quarter of said Section Eighteen, more particularly described as follows: Beginning at the Southwest comer of the above said Quarter-Quarter; thence North One Hundred Twenty-five and Twenty-nine Hundredths feet; thence East Four Hundred Fifty-five and Eight Tenths feet; thence South One Hundred Twenty-five and Twenty-nine Hundredths feet; thence West Four Hundred Fifty-five and Eight Tenths feet to place of beginning and containing 1.31 acres including highway easement, ALL in Section Eighteen (18), Township Seventy (70) North, Range Twenty-one (21) West of the Fifth P.M. AND the Northwest Quarter of the Northeast Quarter of Section Nineteen (19), Except a parcel of land located in the Northwest Quarter of the Northeast Quarter of said Section Nineteen (19), more particularly described as follows: Beginning at the Northwest comer of the above said Quarter-Quarter, thence East Four Hundred Fifty-five and Eight Tenths feet; thence South Four Hundred Nineteen and Forty-one Hundredths feet, thence West Four Hundred Fifty-five and Eight Tenths feet; thence North Four Hundred Nineteen and Forty-one Hundredths feet to the place of beginning and containing 4.39 acres including highway easement, all in Township Seventy (70) North, Range Twenty-one (21) West of the Fifth P.M. in Wayne County, Iowa. Exact legal description is to be taken from Abstract.

Details
  • Acres: 104.01 Acres M/L
  • Parcel Number: 030G18400001; 030G18400003; 030G19200001
  • School District: Wayne Community School District
  • Net Taxes: $2,120.00
  • CSR2: 61.50

Directions

From Corydon, Iowa: Travel north out of town on Iowa Highway 14 for approximately 6.50 miles. Tract #1 will be located just north of the intersection of Iowa Highway 14 and County Highway J22 along the east side of the paved highway. Look for the Peoples Company sign.


Tract 2 - Iowa Highway 14 / Uniform Street, Corydon, IA 50060

Description

Tract #2 consists of 81.52 surveyed acres m/l (Updated 01-31-2023) with an estimated 67.21 FSA tillable acres with a CSR2 of 46.2. The primary soil types include Shelby clay loam, Arispe silty clay loam, and Clarinda silty clay loam. The tillable acres are currently used as both row crop and grass hay production. The current conservation plan would allow for a no-till corn and soybean rotation for the tillable acres. These acres would make for a great addition to your farming operation and a possible building site location with plenty of outdoor recreational opportunities.

In addition, there are two driveway entrances into the farm on Uniform Street. Available utilities include a 2" rural water line running along the east side of Iowa Highway 14 through the Rathbun Rural Water Association with electricity available through Alliant/Interstate Power and Light along the west side of Iowa Highway 14 and south side of Uniform Street.

The acres for Tracts #2 and #3 are subject to change based on the final survey. No additional surveying or staking will be provided by the Seller. The farm lies within the east half of Section 18 of Union Township in north central Wayne County, Iowa. 

(Survey has been completed on 01-31-2023. Tract #2 adjusted to 81.52 Surveyed Acres M/L)

Legal Description

Approximately 81.52 Acres m/l located in the North Half (N 1/2) of the Northeast Quarter (NE 1/4) in Section Eighteen (18), Township Seventy (70) North, Range Twenty-one (21) West of the 5th P.M, Wayne County, Iowa. Exact legal description is to be taken from Survey.

Details
  • Acres: 81.52 Acres M/L
  • Parcel Number: 030G18200001; 030G18200002
  • School District: Wayne Community School District
  • Net Taxes: $1,204.00
  • CSR2: 46.20

Directions

From Corydon, Iowa: Travel north out of town on Iowa Highway 14 for approximately 7 miles. Tract #2 will be located just southeast of the intersection of Iowa Highway 14 and Uniform Street. Look for the Peoples Company sign. 


Description

Tract #3 consists of 84.87 surveyed acres m/l (Updated 01-31-2023) with an estimated 63.26 FSA tillable acres with a CSR2 of 53.9. The primary soil types include Arispe silty clay loam, Clarinda silty clay loam, and Grundy silty clay loam. Currently, there are 22.40 acres being farmed for row crop production with a CSR2 rating of 60.8. The balance is comprised of cool-season grass pasture with barbed-wire perimeter fencing.

This tract includes a 48' x 72' (3,456 sq. ft.) machine shed located on the northwest corner of the farm with a driveway entrance into the farm off Iowa Highway 14. There is a Rathbun Rural Water Association water pit is currently installed southwest of the machine shed and is permitted for livestock use. This tract provides a great building site location with the opportunty to raise livestock and/or row crops with recreational opportunities for whitetail deer and upland game birds.

The acres for Tracts #2 and #3 are subject to change based on the final survey. No additional fences, surveying or staking will be provided by the Seller. All real property and/or debris will become the responsibilty of the Buyer at closing, unless negotiated. The farm lies within the east half of Section 18 of Union Township in north central Wayne County, Iowa.

(Survey has been completed on 01-31-2023. Tract #3 adjusted to 84.87 Surveyed Acres M/L.

Legal Description

Approximately 84.87 Acres m/l located in the South Half (S 1/2) of the Northeast Quarter (NE 1/4) AND in the Northwest Quarter (NW 1/4) of the Northeast Quarter (NE 1/4) in Section Eighteen (18), Township Seventy (70) North, Range Twenty-one (21) West of the 5th P.M, Wayne County, Iowa. Exact legal description is to be taken from Survey.

Details
  • Acres: 84.87 Acres M/L
  • Parcel Number: 030G18200001; 030G18200003; 030G18200004
  • School District: Wayne Community School District
  • Net Taxes: $1,386.00
  • CSR2: 53.90

Directions

From Corydon, Iowa: Travel north out of town on Iowa Highway 14 for approximately 6.75 miles. Tract #3 will be located along the east side of Iowa Highway 14. Look for the Peoples Company sign. 


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