Upcoming Auction

Fayette County, IA
170.29 Acres M/L

Q Avenue
Oelwein, IA 50662

Price	Click to Bid Online
Listing	#18631

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Travis Smock

Mobile: 319.361.8089
Travis.Smock@PeoplesCompany.com

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Description

Fayette County, Iowa Land Auction - Peoples Company is proud to represent David Kunkle in the sale of 170.29 acres located on the southwest edge of Oelwein, Iowa. The property, offered as three tracts, is comprised of 165.82 FSA NHEL cropland acres with an average CSR2 rating of 80.8, well above the county average. The primary soil types across the three highly tillable tracts include productive Kenyon loam and Clyde-Floyd complex. The land boasts a gentle natural topography and is classified as NHEL (Non-Highly Erodible Land). These farmland tracts are open for the 2026 growing season. The location is in a strong farming area with multiple grain outlets, including the Fairbank POET ethanol plant, less than 5 miles to the west.

Tract 1: 118.75 acres m/l, estimated 115.42 FSA NHEL cropland acres with CSR2 of 79.4
Tract 2: 31.33 acres m/l, estimated 30.39 FSA NHEL cropland acres with CSR2 of 87.7
Tract 3: 20.21 surveyed acres, 20.01 FSA NHEL cropland acres with CSR2 of 78.5

The auction will take place on Wednesday, November 12th, at 10:00 AM at the American Legion in Oelwein, and the property will be sold through the "Buyers' Choice Auction Method," as three tracts on a price-per-acre basis. Tracts will not be offered in their entirety at the conclusion of the auction. The live auction will be available for viewing and bidding through our mobile bidding app for those who are unable to attend. Don't miss the chance to bid on this land that has not been available to the general public for well over 50 years. The farm is located in Sections 32 and 33 of Jefferson Township, Fayette County, Iowa.

Legal Description

The South 3/4 of the Northeast 1/4 and the Northeast 1/4 of the Southeast 1/4 of Section 32, Township 91, Range 9 West of the 5th P.M., in Fayette County, Iowa EXCEPT Parcel "B" AND The South 1/2 of the Northwest 1/4 of the Southwest 1/4, Section 33, Township 91 North, Range 9 West of the 5th P.M., in Fayette County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Oelwein, Iowa: Head south out of town on Highway 150. Travel for 1.50 miles and turn right (west) onto 100th Street. Travel for 0.75 miles and turn right (north) onto Q Avenue. Travel for 0.25 miles. Tract 3 will be located on the east side of the road, Tract 2 will be on the west side of the road. Travel for an additional 0.5 miles north, and Tract 1 will be on the west side of the road. Look for the Peoples Company signs.

Sign On Property: Yes
MLS Number: 727628
Parcel Number: 1832200007; 1832400006; 1833300001
School District: Oelwein Community School District
General Area: South of Oelwein
Net Taxes: $6,160.00
CSR2: 80.8
Zoning: Ag

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.

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Tracts

Tract 1 - Q Avenue, Oelwein, IA 50662

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Description

Tract 1 consists of 118.75 acres m/l with an estimated 115.42 FSA cropland acres carrying a CSR2 rating of 79.4. The cropland acres on this highly tillable tract are considered NHEL (Non-Highly Erodible Land), consisting of the primary soil type of Clyde-Floyd complex and lesser percentages of Kenyon loam, Wapsie loam, and Riceville loam. There are 4.74 acres of waterways within the FSA cropland acres that are currently enrolled in the Conservation Reserve Program (CRP) CP8A Practice through September 2026, paying $1,802 annually ($380.09 per acre). This tract has a gentle roll to naturally disperse water and is mostly tiled. Located along the west side of paved Q Avenue, this tract is situated in Section 32 of Jefferson Township, Fayette County, Iowa.

Legal Description

118.75 acres m/l located in Section Thirty-two (32) of Jefferson Township, Fayette County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 118.75 Acres M/L
Parcel Number: 1832200007
Net Taxes: $4,248.00
CSR2: 79.4

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Tract 2 - Q Avenue, Oelwein, IA 50662

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Description

Tract 2 consists of 31.33 acres m/l with an estimated 30.39 FSA NHEL cropland acres carrying a CSR2 rating of 87.7. The cropland acres on this highly tillable tract are considered NHEL (Non-Highly Erodible Land), consisting of the primary soil type of Kenyon loam. There are currently 0.24 acres of the FSA cropland enrolled in the Conservation Reserve Program (CRP) CP8A Practice through September 2026, paying $94 annually ($391.20 per acre). Located along the west side of paved Q Avenue, this nearly 100% tillable tract is situated in Section 32 of Jefferson Township, Fayette County, Iowa.

Legal Description

31.33 acres m/l located in Section Thirty-two (32) of Jefferson Township, Fayette County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 31.33 Acres M/L
Parcel Number: 1832400006
Net Taxes: $1,228.00
CSR2: 87.7

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Tract 3 - Q Avenue, Oelwein, IA 50662

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Description

Tract 3 consists of 20.21 surveyed acres m/l with 20.01 FSA NHEL cropland acres carrying a CSR2 rating of 78.5. The cropland acres on this highly tillable tract are considered NHEL (Non-Highly Erodible Land), consisting of the primary soil types of Schley loam and Bassett loam. This productive tract is nearly 2/3 tiled, creating a nice small farm opportunity. With the location adjacent to the Oelwein, Iowa city limits and adjacent to campgrounds, there is potential for redevelopment for a multitude of future uses. Located along the east side of paved Q Avenue, this 100% tillable tract is situated in Section 33 of Jefferson Township, Fayette County, Iowa.

Legal Description

20.21 surveyed acres located in Section Thirty-three (33) of Jefferson Township, Fayette County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 20.21 Acres M/L
Parcel Number: 1833300001
Net Taxes: $684.00
CSR2: 78.5

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Auction Details & Terms

Auction Location Map

Fayette County Land Auction | Offered with NO RESERVE
170.29 Acres M/L (Offered in Three Tracts)
Wednesday, November 12th, 2025 at 10:00 AM

Auction Location:
Oelwein American Legion Post 9
108 1st Street SW
Oelwein, Iowa 50662

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

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 tracts will be offered via Public Auction and will take place at 10:00 AM at the American Legion in Oelwein, Iowa. 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, two, or any combination of 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 with online bidding available. The tracts will be offered with NO RESERVE.

Farm Program Information: Farm Program Information is provided by the Fayette 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 farm is reconstituted by the Fayette 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 Roberts & Eddy, PC Trust Account.

Closing: Closing will occur on or before Wednesday, December 17th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer. Closing will be facilitated by Roberts & Eddy, PC.

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The lease has been terminated, and the farms are open to farm for the 2026 crop season.

Improvements/Buildings/Personal Property: All improvements will be conveyed in their current "As is - Where is" condition. The new owner will be responsible for removing any personal property left on the premises at closing, with the exception of the farm tenant's grain and equipment.

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, which can accept or reject any and all bids. 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 Seller and Peoples Company. Overall tract acres, tillable acres, etc., may vary from figures stated within the marketing material. The 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.