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Hancock County, IA
557.00 Acres M/L

Avery & Twin Lake Township
Klemme, IA 50449

Price	Click to Bid Online
Listing	#17847

LAND AGENT

Chase Duesenberg

Office: 515.222.1347
Mobile: 641.529.0562
Chase@PeoplesCompany.com

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Description

Hancock County, Iowa Land Auction – Mark your calendar for Friday, November 8th, 2024! Peoples Company is excited to present a rare opportunity to acquire a large farmland portfolio, owned by the Bruce C. Arnold Family. Hancock County boasts a rich agricultural heritage, and many of these parcels have earned the esteemed "Century Farm" designation, with origins tracing back to 1888. The auction will consist of 557 acres m/l to be sold in eight individual tracts on Friday, November 8th, 2024 at the Klemme Public Library in Klemme, Iowa.

Tract 1: 75 acres m/l with 66.74 FSA cropland acres, carrying a CSR2 of 82.3.
Tract 2: 78 acres m/l with 71.47 FSA cropland acres, carrying a CSR2 of 85.2.
Tract 3: 80 acres m/l with 79.85 FSA cropland acres. Of the 79.85 FSA cropland acres, 71.66 acres are currently in corn/soybean production carrying a CSR2 of 84.7, and 8.19 acres are in hay production.
Tract 4: 80 acres m/l with 77.28 FSA cropland acres. Of the 77.28 FSA cropland acres, 76.54 acres are currently in corn/soybean production carrying a CSR2 of 85.9, and 0.74 acres are in hay production.
Tract 5: 120 acres m/l with 91.27 FSA cropland acres. Of the 91.27 FSA cropland acres, 84.66 acres are currently in corn/soybean production carrying a CSR2 of 63.5, and 6.61 acres are in hay production.
Tract 6: 81 acres m/l with 57.9 FSA cropland acres. Of the 57.9 FSA cropland acres, 40.48 acres are currently in corn/soybean production carrying a CSR2 of 73, and 17.42 acres are in hay production.
Tract 7: 40 acres m/l with 35.33 FSA cropland acres. Of the 35.33 FSA cropland acres, 13.06 acres are currently in corn/soybean production carrying a CSR2 of 88.2, and 22.27 acres are in hay production.
Tract 8: 3.29 surveyed acres m/l featuring a single-family 1 3/4-story house and multiple outbuildings. Open House - Scheduled for Tuesday, October 22nd & 29th from 3:00 P.M. - 5:30 P.M.

The tracts are located south of Klemme, Iowa in Twin Lake and Avery Townships. The farm leases have been terminated and farming rights will be available for the 2025 growing season.

Tracts 1-7 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, one, two, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all tracts have been purchased. After Tracts 1-7 are sold, Tract 8 will be sold on a whole dollar amount. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

The land auction can also be viewed through our virtual online auction platform with online bidding, via the Peoples Company website or you can follow along live through our Facebook page on the day of the sale.

Century Farm: Tracts in Section 8 of Avery Township have been recognized by the State of Iowa as "Century Farms" that have been in the Bruce C. Arnold Family for over 100 years and have not been available to the public since 1888. The Century Farms Program recognizes and honors those individuals and families who have owned the farmland for 100 years or more. The program began in 1976 as part of the Bicentennial Celebration when over 5,000 certificates and farm markers were distributed across Iowa at local ceremonies. Since 1976, more than 15,000 families have been recognized.

Sign On Property: Yes
MLS Number: 704646
School District: Belmond-Klemme Community School District
General Area: South of Klemme, Iowa
Zoning: Ag

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Tracts

Tract 1 - US Highway 69, Goodell, IA 50439

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Description

Tract 1 consists of 75 acres m/l with 66.74 FSA cropland acres carrying a CSR2 of 82.3. The primary soil types on this farmland tract are some of the best in Iowa, including Nicollet clay loam and Canisteo clay loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located within a County Drainage District. A wetland determination has been completed deeming the property as "prior converted" or PC which would allow for the current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions.

The farm has great access on paved US Highway 69 with several competing grain marketing options nearby. The farm lease has been terminated and will be available for the 2025 growing season. Tract 1 is located in Section 12 of Twin Lake Township, Hancock County, Iowa.

Legal Description

The South Half (S1/2) of the Southeast Quarter (SE1/4) of Section Twelve (12), Township Ninety-Four (94) North, Range Twenty-Four (24), West of the Fifth P.M., Hancock County, Iowa, Excepting the Acreage consisting of 3 Surveyed Acres. The exact legal description is to be taken from Abstract.

Details

Acres: 75.00 Acres M/L
Parcel Number: Part of 1512451000 & Part of 1512476000
Net Taxes: $2,210.00
CSR2: 82.30

Directions

From Klemme, Iowa: Travel west out of town to US Highway 69. Turn left (south) on US Highway 69 for 2.7 miles and Tract 1 will be located on the right (west) side of US Highway 69 marked with a Peoples Company sign.

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Tract 2 - US Highway 69, Goodell, IA 50439

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Description

Tract 2 consists of 78 acres m/l with 71.47 FSA cropland acres carrying a CSR2 of 85.2. The primary soil types on this farmland tract are some of the best in Iowa, including Nicollet clay loam and Webster clay loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located within a County Drainage District. A wetland determination has been completed deeming the property as "prior converted" or PC which would allow for the current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions. A maintenance agreement for the waterway is currently in effect with the Hancock County Soil and Water Conservation District, set to expire in 2026. Please refer to the attached "Waterway Maintenance Agreement" for details.

The farm has great access on paved US Highway 69 with several competing grain marketing options nearby. The farm lease has been terminated and will be available for the 2025 growing season. Tract 2 is located in Section 13 of Twin Lake Township, Hancock County, Iowa.

Legal Description

The North Half (N1/2) of the Northeast Quarter (NE1/4) of Section Thirteen (13), Township Ninety-Four (94) North, Range Twenty-Four (24), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 78.00 Acres M/L
Parcel Number: 1513126000, 1513101000
Net Taxes: $2,312.00
CSR2: 85.20

Directions

From Klemme, Iowa: Travel west out of town to US Highway 69. Turn left (south) on US Highway 69 for 3 miles and Tract 2 will be located on the right (west) side of US Highway 69 marked with a Peoples Company sign.

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Tract 3 - 150th Street, Klemme, IA 50449

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Description

Tract 3 consists of 80 acres m/l with 79.85 FSA cropland acres. Of the 79.85 FSA cropland acres, 71.66 acres are currently in corn/soybean production carrying a CSR2 of 84.7, and 8.19 acres are in hay production. The primary soil types on this farmland tract are some of the best in Iowa, including Nicollet clay loam and Clarion loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located in a County Drainage District.

The tract is conveniently located near US Highway 69, offering excellent access to several competing grain marketing outlets. The farm leases have been terminated and will be available for the 2025 growing season. Tract 3 is located in Section 8 of Avery Township, Hancock County, Iowa.

*A Northern Natural Gas pipeline runs underground through Tract 3, see attached "Pipeline Map" for the approximate location.

Legal Description

The West Half (W1/2) of the Northeast Quarter (NE1/4) of Section Eight (8), Township Ninety-Four (94) North, Range Twenty-Three (23), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 1608151000, 1608126000
Net Taxes: $2,336.00
CSR2: 84.70

Directions

From Klemme, Iowa: Travel east out of town to Taft Avenue. Turn right (south) on Taft Avenue for 2 miles until reaching 150th Street. Turn left (east) on 150th Street for 1/2 mile and Tract 3 will be located on the right (south) side of 150th Street marked with a Peoples Company sign.

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Tract 4 - 150th Street, Klemme, IA 50449

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Description

Tract 4 consists of 80 acres m/l with 77.28 FSA cropland acres. Of the 77.28 FSA cropland acres, 76.54 acres are currently in corn/soybean production carrying a CSR2 of 85.9, and 0.74 acres are in hay production. The primary soil types on this farmland tract are some of the best in Iowa, including Nicollet clay loam and Clarion loam. Farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located in a County Drainage District.

The tract is conveniently located near US Highway 69, offering excellent access to several competing grain marketing outlets. The farm leases have been terminated and will be available for the 2025 growing season. Tract 4 is located in Section 8 of Avery Township, Hancock County, Iowa.

Legal Description

The East Half (E1/2) of the Northeast Quarter (NE1/4) of Section Eight (8), Township Ninety-Four (94) North, Range Twenty-Three (23), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 80.00 Acres M/L
Parcel Number: 1608101000, 1608176000
Net Taxes: $2,340.00
CSR2: 85.90

Directions

From Klemme, Iowa: Travel east out of town to Taft Avenue. Turn right (south) on Taft Avenue for 2 miles until reaching 150th Street. Turn left (east) on 150th Street for 1 mile and Tract 4 will be located on the right (south) side of 150th Street marked with a Peoples Company sign.

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Tract 5 - Union Avenue, Klemme, IA 50449

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Description

Tract 5 consists of 120 acres m/l with 91.27 FSA cropland acres. Of the 91.27 FSA cropland acres, 84.66 acres are currently in corn/soybean production carrying a CSR2 of 63.5, and 6.61 acres are in hay production. The primary soil types on this farmland tract include Coland clay loam, Nicollet clay loam, and Spillville loam. The majority of the farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located in a County Drainage District.

The property also offers spectacular views of the East Branch Iowa River corridor which provides excellent recreational opportunities. The farm leases have been terminated and will be available for the 2025 growing season. Tract 5 is located in Section 8 of Avery Township, Hancock County, Iowa.

*A Northern Natural Gas pipeline runs underground through Tract 5, see attached "Pipeline Map" for the approximate location.

Legal Description

The North Half (N1/2) of the Southeast Quarter (SE1/4) and the Northeast Quarter (NE1/4) of the Southwest Quarter (SW1/4) of Section Eight (8), Township Ninety-Four (94) North, Range Twenty-Three (23), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 120.00 Acres M/L
Parcel Number: 1608401000, 1608426000, 1608301000
Net Taxes: $2,134.00
CSR2: 63.50

Directions

From Klemme, Iowa: Travel east out of town to Taft Avenue. Turn right (south) on Taft Avenue for 2 miles until reaching 150th Street. Turn left (east) on 150th Street for 1 mile until reaching Union Avenue. Turn right (south) on Union Avenue for 1/2 mile and Tract 5 will be located on the right (west) side of Union Avenue marked with a Peoples Company sign.

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Tract 6 - Union Avenue, Klemme, IA 50449

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Description

Tract 6 consists of 81 acres m/l with 57.9 FSA cropland acres. Of the 57.9 FSA cropland acres, 40.48 acres are currently in corn/soybean production carrying a CSR2 of 73, and 17.42 acres are in hay production. The primary soil types on this farmland tract include Spillville loam, Bolan loam, and Nicollet clay loam. The farmland acres are designated as NHEL (Non-Highly Erodible Land) and are not located in a County Drainage District.

Legal Description

The South Half (S1/2) of the Southeast Quarter (SE1/4) and 1 acre in the Southeast Quarter (SE1/4) of the Southwest Quarter (SW1/4) in Section Eight (8), Township Ninety-Four (94) North, Range Twenty-Three (23), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 81.00 Acres M/L
Parcel Number: 1608476000, 1608451000, 1608376000
Net Taxes: $1,586.00
CSR2: 73.00

Directions

From Klemme, Iowa: Travel east out of town to Taft Avenue. Turn right (south) on Taft Avenue for 2 miles until reaching 150th Street. Turn left (east) on 150th Street for 1 mile until reaching Union Avenue. Turn right (south) on Union Avenue for 1 mile and Tract 6 will be located on the right (west) side of Union Avenue marked with a Peoples Company sign.

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Tract 7 - Taft Avenue, Klemme, IA 50449

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Description

Tract 7 consists of 40 acres m/l with 35.33 FSA cropland acres. Of the 35.33 FSA cropland acres, 13.06 acres are currently in corn/soybean production carrying a CSR2 of 88.2, and 22.27 acres are in hay production. The primary soil types on this farmland tract are some of the best in Iowa, including Nicollet clay loam and Clarion loam. The corn/soybean acres are designated as NHEL (Non-Highly Erodible Land) and are not located in a County Drainage District.

The property also offers spectacular views of the East Branch Iowa River corridor which provides excellent recreational opportunities. The farm leases have been terminated and will be available for the 2025 growing season. Tract 7 is located in Section 8 of Avery Township, Hancock County, Iowa.

*Northern Natural Gas has pipelines that run underground through Tract 7, see attached "Pipeline Map" for the approximate location.

Legal Description

The Northwest Quarter (NW1/4) of the Southwest Quarter (SW1/4) in Section Eight (8), Township Ninety-Four (94) North, Range Twenty-Three (23), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 1608326000
Net Taxes: $758.00
CSR2: 88.20

Directions

From Klemme, Iowa: Travel east out of town to Taft Avenue. Turn right (south) on Taft Avenue for 2.5 miles and Tract 7 will be located on the left (east) side of Taft Avenue marked with a Peoples Company sign.

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Tract 8 - 1875 140th Street, Goodell, IA 50439

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Description

Tract 8 offers an excellent acreage opportunity for those interested in rural settings and country living. The property comprises 3.29 surveyed acres m/l featuring a single-family, 1 3/4-story house with 1,291 Sq/Ft of Total Living Area. Farm improvements include two steel utility buildings, a detached garage, and multiple other outbuildings. Tract 8 is located south of Klemme, Iowa on 140 Street with great access to US Highway 69.

Dwellings will be sold "As Is, Where Is". The buyer will be responsible for the cost of any improvement, replacement, or repairs to the current septic/wastewater treatment system. Since the property is in an Estate, the Sellers are exempt from the DNR Time of Transfer inspection. Contact Agent for further details.

**Open Houses - Scheduled for Tuesday, October 22nd & October 29th from 3:00 P.M. - 5:30 P.M.

Legal Description

3.29 surveyed acres m/l in the South Half (S1/2) of the Southeast Quarter (SE1/4) of Section Twelve (12), Township Ninety-Four (94) North, Range Twenty-Four (24), West of the Fifth P.M., Hancock County, Iowa. The exact legal description is to be taken from Abstract.

Details

Acres: 3.29 Acres M/L
Parcel Number: Part of 1512451000
Net Taxes: $710.00

Directions

From Klemme, Iowa: Travel west out of town to US Highway 69. Turn left (south) on US Highway 69 for 2.8 miles until reaching 140th Street. Turn right (west) on 140th Street for a 1/4 mile and Tract 8 will be located on the right (north) side of 140th Street marked with a Peoples Company sign.

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Auction Details & Terms

Auction Location Map

Hancock County Land Auction
557 Acres M/L (Offered in Eight Tracts)
Friday, November 8th, 2024 at 10:00 AM

Auction Location:
Klemme Public Library
204 E Main Street
Klemme, IA 50449

Sellers: Bruce C. Arnold Family

Representing Attorney: Timothy M. Anderson - Anderson Law Firm in Garner, Iowa

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: Tracts 1-7 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, one, two, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until Tracts 1-7 have been purchased and removed from the auction. After Tracts 1-7 are sold, Tract 8 (Acreage) will be sold on a whole dollar amount. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 75 Acres M/L
Tract 2: 78 Acres M/L
Tract 3: 80 Acres M/L
Tract 4: 80 Acres M/L
Tract 5: 120 Acres M/L
Tract 6: 81 Acres M/L
Tract 7: 40 Acres M/L
Tract 8: 3.29 Acres M/L

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 Hancock 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 Hancock 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 Timothy M. Anderson Clients Trust Account.

Closing: Closing will occur on or before Tuesday, December 31st, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

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

Farm Leases: The farm leases have been terminated and the tracts are open for the 2025 growing season.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Timothy M. Anderson Clients Trust Account 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 the 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 the abstract.