Warren County, IA

Highway 45
Prole, IA 50229

183.42 Acres M/L
AUCTION

Listing #15340

Bid Now!

PROPERTY INFO

Description

Peoples Company is pleased to be representing the Estate of James and Patricia Dean in the sale of 183.42 total acres m/l located in Warren County just south of Martensdale, Iowa. The property will be offered via a "Buyer's Choice" Public Auction in three individual tracts. The highest bidder on auction day will have the choice of Tract 1, Tract 2, Tract 3, or any combination of tracts. The Public Auction will be held at The Wright Place in Norwalk, Iowa, and will begin at 10:00 AM on Thursday, March 25th. 

These high-quality farmland tracts are situated just south of Highway 92 along Highway R45 in Sections 27 and 34 of Jefferson Township in Warren County. The Farm recently underwent an installation of over 30,000 linear feet of drainage tile in 2017 and 2019, increasing average yield. Full farming rights are available to the highest bidder for the 2021 crop year.

Located within 25 miles of the Des Moines Metro, these tracts offer an exquisite combination of country living and urban convenience within the Martensdale-St. Mary’s School District. The property includes several potential executive buildings sites with scenic views overlooking the Middle River Valley and rolling hills of Warren County. These tracts offer an exceptional long-term farmland investment opportunity with many residential opportunities.

*All Utility information, availability, future plans, timelines, locations, etc., should be confirmed with the utility providers and Warren County.

Legal Description

Tract 1: The South Half (S 1/2) of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) EXCEPT SE 2.14 Acres of Section 27 and the Northeast Quarter (NE 1/4) of the Northwest Quarter (NW 1/4) EXCEPT NE 4.27 Acres of Section 34, all of Township 76N, Range 25 W of the 5th P.M., Warren County, Iowa. Exact legal description to be taken from the abstract.

Tract 2: The South Half  (S 1/2) of the Southwest Quarter (SW 1/4) of the Southeast Quarter (SE 1/4) of Section 27 and the North 6 Acres of the Northwest Quarter (NW 1/4) of the Northeast Quarter (NE 1/4) North of the Road of Section 34, all of Township 76 North, Range 22 West of the 5th P.M., Warren County, Iowa.  Exact legal description to be taken from the abstract.

Tract 3: The Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) and the Southwest Quarter (SW 1/4) of the Southwest Quarter (SW 1/4) and the West 16 Acres of the Northeast Quarter (NE 1/4) of the Southwest (SW 1/4) and the West 8 acres of the west 16 acres of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4), Section 27, Township 76 North, Range 22 West of the 5th P.M., Warren County, Iowa.  Exact legal description to be taken from the abstract.

 

  • Sign On Property: Yes
  • School District: Martensdale-St Marys Schools
  • General Area: South of Martensdale, Iowa
  • Online Bidding: Yes
  • Auction Date: Mar 25, 2021
  • Possession: At Closing
  • Terms: Cash/Conventional

Directions

From Martensdale, Iowa: Travel east on Highway 92 for .5 miles. Turn right (south) onto Highway R45 for approximately .5 miles and the tracts will be located on the east side of the highway. Look for Peoples Company signs. 

Reserved Items

White portable shed, fuel barrels, propane tank, and livestock gates will be reserved by the seller and removed prior to July 1, 2021. Contact listing agent for details.


Bid Online

Auction Details

Warren County Land Auction
183.42 Acres M/L
Thursday, March 25th, 2021
10:00 AM

Seller:
The Estate of James H & Patricia A Dean

Auction Location:
The Wright Place
340 Wright Road, Suite A
Norwalk, IA 50211

Auction Method: Property will be offered via the "Choice Auction Method" winning bidder may elect to take Tract 1, Tract 2, Tract 3, or any combination of Tracts. All bids will be on a price per acre basis.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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 about Friday, April 30th, 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 land will be given at Closing, Subject to Tenants Rights. Possession of the house, buildings, and bins will be July 1, 2021 subject to a short-term lease. 

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2021 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.

Survey: A survey will not be required to split and transfer the property. Tract boundary corners will be marked prior to closing. No additional survey or staking will be paid for by the Seller.

Septic System: Per Iowa Code 445B, this property is exempt from the Septic System Inspection Requirement and the septic system servicing the home is in as-is condition and no inspections, updates, or improvements will be made by the sellers.

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.

Reserved Items: White portable shed, fuel barrels, propane tank, and livestock gates.

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.


Tract 1 - Keokuk Street, Prole, IA 50229

Description

Tract 1 consists of a total of 53.59 acres m/l with an estimated 47.83 FSA cropland acres that carry a CSR2 of 69.1. The primary soil types include Sharpsburg silty clay loam and Nira silty clay loam. This tract offers excellent building site opportunities with incredible views overlooking the rolling hills of Warren County. Property is located just south of Martensdale, Iowa on Keokuk Street in Sections 27 and 34 of Jefferson Township.

Estimated FSA Cropland Acres: 47.83
Corn: 20.17 Base Acres with a PLC Yield of 105
Soybeans: 15.71 Base Acres with a PLC Yield of 38
Oats: 2.90 Base Acres with a PLC Yield of 42
*Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted when the farm is reconstituted by the Warren County FSA office.
**The soil maps are based on county FSA information and may vary from the current farming operation.

Legal Description

Tract 1: The South Half (S 1/2) of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) EXCEPT SE 2.14 Acres of Section 27 and the Northeast Quarter (NE 1/4) of the Northwest Quarter (NW 1/4) EXCEPT NE 4.27 Acres of Section 34, all of Township 76N, Range 25 W of the 5th P.M., Warren County, Iowa. Exact legal description to be taken from the abstract.

Details
  • Acres: 53.59 Acres M/L
  • Parcel Number: 09000340420, 09000270687
  • School District: Martensdale-St Marys Schools
  • Net Taxes: $1,138.00
  • CSR2: 69.10


Tract 2 - Kennedy Street, Prole, IA 50229

Description

Tract 2 consists of a total of 25.83 acres m/l with an estimated 18.71 FSA cropland acres that carry a CSR2 of 51.9. The primary soil types include Sharpsburg silty clay loam and Lamoni silty clay loam. This tract is located just south of Martensdale, Iowa on Kennedy Street in Sections 27 and 34 of Jefferson Township.

*Tract 2 contains a dump site in the northeast corner of the property and will be sold "as is - where is."  Contact agent for details.

Estimated FSA Cropland Acres: 47.83
Corn: 7.89 Base Acres with a PLC Yield of 105
Soybeans: 6.15 Base Acres with a PLC Yield of 38
Oats: 1.14 Base Acres with a PLC Yield of 42
*Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted when the farm is reconstituted by the Warren County FSA office.
**The soil maps are based on county FSA information and may vary from the current farming operation.

Legal Description

Tract 2: The South Half  (S 1/2) of the Southwest Quarter (SW 1/4) of the Southeast Quarter (SE 1/4) of Section 27 and the North 6 Acres of the Northwest Quarter (NW 1/4) of the Northeast Quarter (NE 1/4) North of the Road of Section 34, all of Township 76 North, Range 22 West of the 5th P.M., Warren County, Iowa.  Exact legal description to be taken from the abstract.

Details
  • Acres: 25.83 Acres M/L
  • Parcel Number: 09000340245, 09000270867
  • School District: Martensdale-St Marys Schools
  • Net Taxes: $392.00
  • CSR2: 51.90


Tract 3 - Highway R45 & Johnson Street, Prole, IA 50229

Description

Tract 3 consists of a total of 104 acres m/l with an estimated 86.86 FSA cropland acres that carry a CSR2 of 66.5. The primary soil types include Zook silty clay loam and Sharspburg silty clay loam. The property includes a large acreage with a house built in 1976 and multiple outbuildings. This tract is located just south of Martensdale, Iowa on Highway R45 in Sections 27 of Jefferson Township.

*The house is being sold "as is-where is" and seller will keep possession of house, buildings, and bins until July 1, 2021 subject to a short-term lease. Contact agent for a copy of the lease.

**White portable shed, fuel barrels, propane tank, and livestock gates will be reserved by the seller and removed prior to July 1, 2021. Contact listing agent for details.

Estimated FSA Cropland Acres: 86.86
Corn: 36.64 Base Acres with a PLC Yield of 105
Soybeans: 28.53 Base Acres with a PLC Yield of 38
Oats: 5.27 Base Acres with a PLC Yield of 42
*Farm program information is estimated and subject to change since it is currently combined with additional tracts. Base acres will be adjusted when the farm is reconstituted by the Warren County FSA office.
**The soil maps are based on county FSA information and may vary from the current farming operation.

Legal Description

Tract 3: The Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) and the Southwest Quarter (SW 1/4) of the Southwest Quarter (SW 1/4) and the West 16 Acres of the Northeast Quarter (NE 1/4) of the Southwest (SW 1/4) and the West 8 acres of the west 16 acres of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4), Section 27, Township 76 North, Range 22 West of the 5th P.M., Warren County, Iowa.  Exact legal description to be taken from the abstract.

Details
  • Acres: 104.00 Acres M/L
  • Parcel Number: 09000270640, 09000270625, 09000270684, 09000270660
  • School District: Martensdale-St Marys Schools
  • Net Taxes: $3,014.00
  • CSR2: 66.50


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.

DRONE VIDEO

Click the “play” button below to watch an aerial drone video of this property.