Boone County, IA, Polk County, IA,
277.57 Acres M/L

IA Highway 17 |
Madrid, IA 50156 |
Listing #17232

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Property Info

Description

Peoples Company is pleased to represent the Jacqueline Sturdivant Montony Estate in the sale of 277.57 acres m/l located in both Polk and Boone Counties just south of Madrid, Iowa. This Live Public Auction will be offered in three separate tracts using the Buyer's Choice Auction Method. The Auction will be held at the Jester Park Lodge and will begin at 10:00 AM on Wednesday, December 20th there will be the option of Live and Online bidding available. Don't miss your opportunity to acquire one tract or a whole portfolio of quality farms in a strong area.

The farm lease is open for the 2024 cropping season.

Tract 1: 43.61 Acres m/l containing 40.26 tillable acres m/l carrying a CSR2 of 88.6

Tract 2: 151.68 Acres m/l containing 147.77 tillable acres m/l carrying a CSR2 of 88.2

Tract 3: 82.28 Acres m/l containing 79.04 tillable acres m/l carrying a CSR2 of 88.2

Downtown Des Moines - 29 Miles
Ames, IA - 21 Miles
Ankeny, IA - 18 Miles
Granger, IA - 8.6 Miles

Legal Description

277 acres 3 tracts south of Madrid. Exact legal description to be taken from Abstract.

Directions

The farms are located directly on the south side of Madrid, IA along IA Highway 17. Look for Peoples Company signs.

Sign On Property: Yes
MLS Number: 685339
School District: Madrid CSD
General Area: Madrid, IA
Online Bidding: Yes
Auction Date: Dec 20, 2023
Possession: At Closing
Terms: Cash, Conventional

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Auction Details

Polk & Boone County, Iowa Land Auction
277.57 Acres M/L (Offered in three tracts)
Wednesday, December 20th, 2023 at 10:00 AM

Auction Location:
Jester Park Lodge
11121 NW Jester Park Dr
Granger, IA 50109

Seller: Jacqueline Sturdivant Montony Estate

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 a 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: The three farmland tracts will be sold on a per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one or all three tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Tract 1: 43.61 Acres M/L
Tract 2: 151.68 Acres M/L
Tract 3: 82.28 Acres M/L

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number 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 Boone 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 Boone County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest payment is required on the auction day. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Wednesday, February 7th, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given at Closing, Subject to Tenant's Rights. Full possession will be granted on March 1st, 2024.

Farm Lease: The farm lease has been terminated and is open for the 2024 cropping 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. 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 a 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.

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 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 the abstract.

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Tract 1 - IA Highway 17 / NW 166th Avenue, Madrid, IA 50156

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Attachments

Description

Tract 1 consists of 43.61 acres m/l of high-quality cropland on the edge of Madrid, IA. This tract contains approximately 40.26 tillable acres m/l currently in row crop production carrying a CSR2 of 88.6. The primary soil types include Clarion and Nicollet loams. The farmland acres are designated as NHEL (Non-Highly Erodible Land).

Not only does this farm have some of the best soil in Boone County but this farm also has exceptional opportunity for future development as the city of Madrid's future land use has this farm zoned as R1 for future residential use. Located along the main corridor of IA Highway 17 the possibilities are endless. The farm is located on the south edge of Madrid, IA in Section 31 of Garden Township, Boone County, Iowa.

Details

Acres: 43.61 Acres M/L
Parcel Number: 088225313200002, 088225313300004
Net Taxes: $1,774.00
CSR2: 88.60

Tract 2 - IA Highway 17, Madrid, IA 50156

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Description

Tract 2 consists of 151.68 acres m/l with approximately 147.77 tillable acres carrying a CSR2 rating of 88.2. The primary soil types include Webster and Clarion loams. The farm is located just south of Madrid, IA in Section 6 of Union Township, Polk County, Iowa. Not often does a farm of this caliber and magnitude come to the open market.

Details

Acres: 151.68 Acres M/L
Parcel Number: 28000075008001
Net Taxes: $5,684.00
CSR2: 88.20

Tract 3 - IA Highway 17 / NW 158th Avenue, Madrid, IA 50156

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Description

Tract 3 consists of 82.28 acres m/l with approximately 79.04 tillable acres carrying a CSR2 rating of 88.2 The primary soil types include Webster and Clarion loams. The farmland acres are designated as NHEL (Non-Highly Erodible Land), and some county tile has been installed.

The farm is located just south of Madrid, IA in Section 6 of Union Township, Polk County, Iowa. Not often does a farm of this caliber and magnitude with access to two paved highways on both sides come to the open market.