Madison County, IA
464.00 Acres M/L

Upland Trail & Woodland Lane |
Prole & Cumming, IA 50229 & 50061 |
Listing #16968

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Property Info

Description

Peoples Company is pleased to be representing The Lynch Family in the auction of 464 acres m/l of the family farms which are all located near Cumming, Iowa and Prole, Iowa.

Offering three tracts ranging in size from 120 acres m/l to 184 acres m/l will be offered, presenting a unique opportunity for you to assemble high-quality farmland, pasture land, recreational land, and building sites all located in a high-demand area of Madison County, Iowa. This land has not been made available to the public in many years!

These tracts will be offered via a live public auction that will be held at the Patterson Community Center on Friday, September 15, 2023, beginning at 10:00 AM. The land will be offered as three individual tracts and on a price-per-acre basis. These tracts will not be offered in their entirety after the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.

Legal Description

Tract 1: The East Half (1/2) of the Southeast Quarter (1/4) of Section Three (3) in Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M. The East Half (1/2) of the Northeast Quarter (1/4) of Section Ten (10) in Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M. in Madison County, Iowa.

Tract 2: The Southwest Quarter (1/4) of the Southwest Quarter (1/4) of Section Thirty-Five (35) in Township Seventy-Seven (77) North, Range Twenty-Six (26) West of the 5th P.M., The Southeast Quarter (1/4) of the Southeast Quarter (1/4) of Section Thirty-Four (34) in Township Seventy-Seven (77) North, Range Twenty-six (26) West of the 5th P.M., The Northeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Three (3) in Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M., The West 23.41 acres of the Northwest Quarter (1/4) of the Northwest Quarter (1/4) of Section Two (2) in Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M., The Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Three (3), in Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M. Except, a parcel of land in the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Three (3), Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M., Madison County, Iowa, containing 3 acres, as shown in the Plat of Survey filed in Book 2022, Page 2570 on November 12, 1991, in the office of the Recorder of Madison County, Iowa, And Except, Parcel "A" located in the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Three (3), Township Seventy-Six (76) North, Range Twenty-Six (26) West of the 5th P.M., Madison County, Iowa, containing 3.276 acres, as shown in Amended Plat of Survey filed in Book 2005, Page 4784 on October 4, 2005, in the office of the Recorder of Madison County, Iowa.

Tract 3: Northeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Thirty-Five (35) in Township Seventy-Seven (77) North, Range Twenty-Six (26) West of the 5th P.M., Northwest Quarter (1/4) of the Northeast Quarter (1/4) of Section Thirty-Five (35) in Township Seventy-Seven (77) North, Range Twenty-Six (26) West of the 5th P.M., Southwest Quarter (1/4) of the Southeast Quarter (1/4) of Section Twenty-Six (26) in Township Seventy-Seven (77) North, Range Twenty-Six (26) West of the 5th P.M. in Madison County, Iowa.

Exact legal description to be taken from Abstract.

Sign On Property: Yes
MLS Number: 678840
School District: Martensdale/St Mary's
Online Bidding: Yes
Auction Date: September 15, 2023
Possession: Closing, Subject to Tenants Rights

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Auction Details

#16968 Madison County Auction Terms & Conditions

Sellers:
The Carole A. Lynch Marital Trust
The Janet Alice Schissel Estate
The Helen M. Lynch Family Trust
The Robert J. Lynch Family Trust

The Trustee of the Carole A. Lynch Marital Trust:
Thomas M. Lynch

The Executor of the Estate of Janet Alice Schissel:
Mark Schissel

The Co-Trustees of the Helen M. Lynch Family Trust:
Joshua Butcher and Katelyn Lynch-Butcher

The Co-Trustees of the Robert J. Lynch Family Trust:
Ryan T. Lynch and Mark Schissel

Attorney for the Carole A. Lynch Marital Trust:
Matthew Bollman, Attorney at Law
Pearson Bollman Law - West Des Moines, Iowa 50266

Attorney for the Robert J. Lynch Family Trust and the Estate of Janet Alice Schissel:
Jane E. Rosien, Attorney at Law
Flander Rosien, P.C. - Winterset, Iowa 50273

Auction Location:
Patterson Community Center
150 8th Street
Patterson, Iowa 50218

Auction Method: Tracts 1, 2, and 3 will be sold individually and on a price-per-acre basis. These tracts will not be offered in their entirety after the auction.

Tract 1: 160 Acres M/L

Tract 2: 184 Acres M/L

Tract 3: 120 Acres M/L

Farm Program Information: Farm program information is provided by the Madison 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 farms are reconstituted by the Madison 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 a good check or wire transfer. All funds will be held in the Flander Rosien P.C. Trust Account.

Closing: Closing will occur on or around Tuesday, October 31, 2023. The balance of the purchase price will be payable at closing in the form of a certified check or wire transfer. Concerning the timing of the Sellers and successful Buyer(s) in fulfilling the obligations outlined in the Real Estate Sale and Purchase Agreement, time is of the essence. Closing will be held at the Flander Rosien Law Firm in Winterset, Iowa.

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

Farm Lease: Tract 1 is rented for hay and crops for the 2023 farming season. Tract 2 is rented for hay, crops, and pasture for the 2023 farming season. Tract 3 is rented for crops and pasture for the 2023 farming season. These farms will have open leases for the 2024 farming season.

Survey Information: Tracts 1 and 2 will be sold based on current legal descriptions in the abstracts. The East 40 m/l acres on Tract 3 were surveyed to determine the property boundaries. The remainder of Tract 3 will be sold based on the current legal description in the abstract(s).

Contract & Title: Immediately upon the conclusion of the auction, the high bidder(s) will enter into a Real Estate Sales Contract and deposit with Flander Rosien, P.C. the required earnest money payment. The Sellers will provide current abstracts at their expense. The sale of this farmland is not contingent upon Buyer(s) obtaining financing after the auction is over. All financial arrangements are to have been made before bidding at the auction.

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

Driveway Entrances: Each tract currently has its separate driveway entrance off of the gravel roads. Tract 2 has additional easement access located along Upland Trail in the southeast corner of this tract. Additionally, a second driveway for Tract 2 on the East 1/2 of the south fence line has been approved by the Madison County Engineer's Office. If the new owner(s) of any tract elects to install a new driveway entrance or widen any current driveway entrance then that owner will be responsible for installing them per the Madison County Engineer’s Office plans and specifications. Any costs associated with the installation of new driveway entrances or widening of entrances, if needed, will be at the sole expense of the new Buyer(s) of each tract. The Sellers will not install any new driveway entrances or widen any of the existing driveway entrances.

Fences: Existing fences, if any, are in as-is condition and will not be updated. On Tract 2 there are no fences on the North and East sides of the land that adjoins the acreage that is located along the road, on the South side of the farm. There is also no fence on the East side of the North East 40 acres. Any future fencing will be the responsibility of the new buyer and adjoining landowner. No new fences will be installed by the Sellers. All current and any future fences and fence lines shall be governed by Madison County and the State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.

Tract 2 Crossing: The crossing across the main ditch on Tract 2 to access the northeast portion of the farm needs repairs. The successful Buyer(s) will be responsible for any improvements made to this crossing.

Site Cleanup: If a site clean-up is required on any of the tracts, it will be the new Buyer’s responsibility and at Buyer’s expense.

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 Sellers. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Sellers. 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 Sellers 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 abstracts.

Location

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Tract 1 - Upland Trail, Prole, IA 50229

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Description

Tract 1 totals 160 acres m/l with 105.21 FSA tillable acres carrying an average CSR2 value of 72.6 which is well above the county average of 59 for Madison County. With some cleanup, additional acres could be put back into row crop production. This farm has excellent hunting and recreational opportunities in addition to all of the income-producing acres. Hunters will appreciate the thick, brushy draws with big-timbered areas and the secluded crop fields which hold large numbers of deer and turkeys. There are some exceptional building site opportunities across this tract with rural water and electric services available at the road. Tract 1 is located in Sections 3 and 10 of Crawford Township in Madison County.

Legal Description

Details

Acres: 160.00 Acres M/L
Parcel Number: 430080382000000.430080388000000,430081022010000.430081022020000,430081028000000
Net Taxes: $2,690.00

Directions

From Des Moines, Iowa: Travel south on Interstate 35 to the Cumming Exit. Travel west and then south on Highway G14/Cumming Road for 5.8 miles to Valleyview Ave. Travel south for 2 miles to Upland Trail. Finally, travel east for 3/4 of a mile to the farm located on the south side of the road. Look for Peoples Company auction signs.

Tract 2 - Upland Trail, Prole, IA

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Description

Tract 2 totals 184 acres m/l with 78.66 FSA tillable acres carrying an average CSR2 soil rating of 58.3. The majority of this farmland is currently being used for pasture and hay, however, it has some productive tillable soils that could easily be transitioned back into crop production. This farm has great hunting and recreational opportunities with thick, brushy ditches along with timber and secluded fields perfect for food plots and deer stands. There are many building site options with scenic views located throughout this tract with rural water and electric services both available at the road. Tract 2 is located in Sections 2 and 3 of Crawford Township and Sections 34 and 35 of Lee Township, all in Madison County.

The home with 3 acres on the South side of this farm that is not part of this auction, will be available for sale in later September.

Legal Description

Details

Acres: 184.00 Acres M/L
Parcel Number: 430080328003000,430080322000000,070013488000000,070013566000000,430080244020000
Net Taxes: $2,788.00

Directions

From Des Moines, Iowa: Travel south on Interstate 35 to the Cumming Exit. Travel west and then south on Highway G14/Cumming Road for 5.8 miles to Valleyview Ave. Travel south for 2 miles to Upland Trail. Finally, travel east for 3/4 of a mile to the farm located on the north side of the road. Look for Peoples Company auction signs.

Tract 3 - Woodland Lane, Cumming, IA 50061

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Description

Tract 3 contains 120 acres m/l with 11.84 FSA tillable acres carrying an average CSR2 soil rating of 69. This tract is a very good pasture farm with high-quality tillable acres along with great hunting and recreational opportunities. There are multiple private building site locations with incredible scenic views overlooking the farm. Electric service is available at the entrance to this farm. Tract 3 is located in Sections 26 and 35 of Lee Township in Madison County.

Legal Description

Details

Acres: 120.00 Acres M/L
Parcel Number: 071013522020000,071013522010000,071013524000000,071012686000000
Net Taxes: $1,542.00

Directions

From Des Moines, Iowa: travel south on Interstate 35 to the Cumming Exit. Travel west on Highway G14 for 1/2 a mile to Warren Ave. Travel south for 3.7 miles to 155th Street. Travel west for 1 mile to Woodland Lane. Finally, travel north for 1/4 mile to the farm entrance. Look for Peoples Company auction signs.