Jackson County, IA
110.38 Acres M/L

550th Ave. |
Sabula, IA 52070 |
Listing #17288

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Property Info

Description

Jackson County, Iowa, Land Auction! Peoples Company is pleased to announce that a farm owned by Rojean Scott, Chrystal House, and Heather Couser, also known as the Keil Farm will be made available and sold via public auction. The auction will consist of 110.38 surveyed acres to be sold as one tract on Tuesday, February 13th, 2024, at 10:00 AM at AmericINN hotel located at 1910 Nairn Drive, Maquoketa, Iowa.

The farm consists of 95.6 estimated FSA Effective Cropland acres carrying a CSR2 of 43.5. The primary soil types on this farm include high-producing, Fayette Silt Loam and Arenzville-Chaseburg silt loam with the farmland acres being designated as HEL (Highly Erodible Land). The balance of the farm consists of grass waterways and a beautiful 1-acre pond.

The farm is currently leased for the 2024 crop season. The winning bidder will receive cash rental income for the 2024 crop season totaling $27,500. The property is located in Section 4 of Iowa Township in Jackson County, Iowa.

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.

Legal Description

110.38 Surveyed acres located in the South 1/2 of the Northeast 1/4 of Section 4 Township 84 North Range 6 East of the 5th P.M., Jackson County, Iowa. The exact legal description to come from the survey.

Directions

From Miles Iowa travel East on Highway 64 for approximately 3 miles until reaching 550th Avenue. Travel North on 550th Avenue for 2.5 miles.
Look for signs.

Sign On Property: Yes
Parcel Number: 142104200003000, 14210420000400, Part of 142104400008000 and 142104400009000
General Area: Northwest of Sabula, Iowa
Auction Date: February 13, 2024
CSR2: 43.50
Possession: At closing subject to tenants rights.

Auction Details

Jackson County, IA., Land Auction
110.38 Surveyed Acres (Offered in One Tract)
Tuesday, February 13th, 2024 at 10:00 AM

Seller: Rojean Scott, Chrystal House, and Heather Couser, also known as the Keil Farm

Representing Attorney: Jim Bruhn, Farwell and Bruhn, Clinton Iowa

Auction Location:
The Maquoketa AmericINN
1910 Nairn Drive
Maquoketa, Iowa 52060

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 farmland will be sold as one individual tract on a price-per-acre basis to the High Bidder.

Farm Program Information: Farm Program Information is provided by the Jackson 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 Jackson 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 Trust Account.

Closing: Closing will occur on or before Friday, March 1st, 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 Lease: The farm is currently leased for the 2024 crop season and the winning bidder will receive 100% of the 2024 cash rental income totaling $27,500.

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 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.

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.

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.

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