Johnson County, IA, Linn County, IA,
232.84 Acres M/L

Sailor Road & 120th Street NE |
Lisbon, IA 52253 |
Listing #17189

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Property Info

Description

Johnson & Linn County, Farmland Auction - Mark your calendar for December 6th, 2023 at 10:00 a.m. Peoples Company is pleased to offer 232.84 acres m/l at Auction in two separate tracts near Sutliff, IA. The LIVE auction will be held at the Tin Roof Hideaway & Event Center in Lisbon, IA.

The farms have been farmed organic since 2016 giving them the Certified Organic stamp of approval. Between both tracts, there are 133 certified organic acres m/l by Iowa Organic Certification Program. Both tracts are very diversified from the standpoint that they are both located only a half mile off pavement allowing for great building site potential overlooking the picturesque hills of Johnson & Linn County, IA. The recreational component of these farms is second to none including great habitat and bedding to hold whitetail deer, turkey & pheasants. If you have been looking for that perfect combination farm offering great income with excellent hunting, look no further.

Tract 1: 122.84 surveyed acres containing 84.68 tillable acres m/l carrying a CSR2 value of 38.
Tract 2: 110 acres m/l containing 70.36 tillable acres m/l carrying a CSR2 value of 47.2.

The tracts lie just South of Lisbon & Mt Vernon, IA off Sutliff Road. Both tracts are roughly a quarter mile off of pavement. Of the 232.84 Acres m/l, there are 155.04 open acres m/l in organic soybean & alfalfa production this year. Tract 1 is located in Section 1 of Cedar Township. Tract 2 is located in Section 35 of Franklin Township, as well as, Section 2 of Cedar Township. Do not miss your chance to own these uniquely diverse Johnson and Linn County Farms.

*The Round Bales on Tracts 1 & 2 will be removed by March 1st.
**On Tract 2, the grain storage bins will be removed and relocated by October 1st, 2024.

Directions

Tract 1: From the Intersection of East Kirkwood Boulevard & Sutliff Road in Lisbon, IA head south on Sutliff Road. After nearly 5 miles turn left (east) onto White Oak Ave NE. In a tenth of a mile turn left onto 120th St NE. Tract 1 will be on the left-hand side in less than a 1/4 mile.

Tract 2: From the Intersection of East Kirkwood Boulevard & Sutliff Road in Lisbon, IA head south on Sutliff Road. After nearly 4 miles turn right (west) onto Sailor Road. Tract 2 will be on your left-hand side in less than a 1/4 mile.

Sign On Property: Yes
MLS Number: 684387
School District: Lisbon School District
General Area: South of Lisbon & Mt Vernon, IA
Online Bidding: Yes
Auction Date: Dec 6, 2023
Possession: At Closing, Subject to Tenants Rights
Terms: Cash

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Auction Details

Johnson & Linn County, Iowa Land Auction
232.84 Acres M/L (Offered in two tracts)
Wednesday, December 6th, 2023 at 10:00 AM

Auction Location:
Tin Roof Hideaway Event Center
1003 N Washington Street
Lisbon, IA 52253

Seller: Conklin Farms LLC

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 two tracts will be offered via Public Auction and will take place at 10:00 AM at Tin Roof Hideaway Event Center in Lisbon, Iowa. The two 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 two 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: 122.84 Acres M/L Surveyed
Tract 2: 110 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 Johnson & Linn 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 Johnson & Linn 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 Friday, January 19th, 2023. 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 is leased for the 2023 crop season. The lease will be open for the 2024 crop 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.

Location

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Tract 1 - 120th Street NE, Libson, IA 52253

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Description

Tract 1 consists of 122.84 acres m/l with an estimated 84.68 cropland acres carrying a CSR2 of 38. The current tillable acres are currently in organic soybean and alfalfa/hay production. There are 74 certified organic acres m/l by the Iowa Organic Certification Program, these certified organic acres allow a new owner to continue farming organically. This property offers multiple spots to build your dream home overlooking the picturesque hills of Johnson County, IA. The property would also make a great place to have horses, cattle, and other livestock. The farm lease has been terminated and is open for the 2024 cropping season.

Whether you are looking for that perfect place to call home, a secluded weekend getaway, or a year-round recreational property, this may be the one that you’ve been searching for. The farm consists of a diverse mix of wildlife habitats including mature timber, brush, cedar thickets, and native grasses allowing for optimal habitat for wildlife. With no past hunting history within 3 days of putting a trail camera on the property, we had a giant whitetail with a droptine call this farm home. Let this combination farm in an unmatched area between Solon, IA & Lisbon, IA work for you. The potential is unlimited.

The bin site on the east side of the farm along Yellow Pine Ave is being surveyed off and kept by the current owner. There will be an ingress/egress easement in place for the new owner to use that current driveway on the east side of the farm.

The property is located just north of Sutliff, IA in Section 1 of Cedar Township, Johnson County, IA

Legal Description

122.84 acres m/l in Section 1 Township 81N Range 5 west of the 5th P.M. in Johnson County, IA. Exact legal description to be taken from Abstract.

Details

Acres: 122.84 Acres M/L
Parcel Number: 0101451001, 0101376001, 0101301001, 0101426001
Net Taxes: $2,089.00
CSR2: 38.00

Tract 2 - Sailor Road, Lisbon, IA 52253

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Description

Tract 2 consists of 110 acres m/l with an estimated 70.36 tillable acres currently in organic soybean and alfalfa/hay production carrying a CSR2 rating of 47.2. There are 59 certified organic acres m/l by the Iowa Organic Certification Program. This is a great opportunity to own an amazing combination farm with good income-producing acres allowing excellent hunting and fishing opportunities along the Cedar River. Bordered by a no-hunting wildlife refuge and situated along the Cedar River there is no better spot to hold and harvest mature whitetails. This opportunity does not come around often. The east side of the farm contains thick timber with a high stem count, providing ample cover for the wildlife inhabiting the farm, which includes, whitetail deer, turkey, and other waterfowl. The secluded south end of the property would make for an excellent spot to put a cabin and enjoy the amenities of the Cedar River including boating, tubing, kayaking & fishing. Make this tract work for your farming operation or your next recreational adventure.

Farm Lease has been terminated and is open for the 2024 cropping season.
Grain bins on the northwest end of the property will be removed by October 1st, 2024. A Magellan Natural Gas Pipeline is running through the east portion of the farm, this pipeline easement has a 50ft setback for any structures.

The property is located just north of Sutliff, IA in Section 35 of Franklin Township, Linn County, IA & Section 2 of Cedar Township, Johnson County, IA

Legal Description

10 acres of E 23.53 Acres of Government lot 4 located in Section 2 Township 81N Range 5 West of the 5th P.M. located in Johnson County, IA. Exact Legal description is to be taken from the abstract.
100 Acres m/l located in E 1/2 SE 1/4 of the SW 1/4 & S 1/2 of the SE 1/4 located in Section 35 Township 82N Range 5 West of the 5th P.M. Exact legal description to be taken from Abstract.