Upcoming Auction

Muscatine County, IA
102.53 Acres M/L

Burlington Road
Letts, IA 52754

Price	Click to Bid Online
Listing	#18149

LAND AGENT & AUCTIONEER

Riley Sieren

Office: 515.222.1347
Mobile: 319.591.0111
Riley@PeoplesCompany.com

Contact

View Listings View Bio

LAND AGENT

Matt Hoenig

Office: 515.961.0247
Mobile: 319.330.9735
Matt.Hoenig@PeoplesCompany.com

Contact

View Listings View Bio

Bid Now

Info
Map
Photos
Video
Tracts
Downloads
Terms

Property Info

Description

Peoples Company is pleased to represent the Dick T. Cornick Revocable Trust in the sale of 102.53 total acres m/l of high-quality tillable farmland located just northwest of Fruitland, Iowa, in Muscatine County. This exceptional farm will be offered in two separate tracts through a Public Auction to be held at 10:00 AM on Wednesday, April 2nd, at the Fruitland Community Center. Both live and online bidding options will be available.

Tract 1: 54.98 surveyed acres m/l, with 51.33 FSA Cropland acres carrying a CSR2 rating of 76.8.
Tract 2: 47.55 surveyed acres m/l, with 43.33 FSA Cropland acres carrying a CSR2 rating of 76.2.

The farm consists of two tracts situated in Section 15 of Seventy-Six Township, Muscatine County, Iowa. These high-quality, naturally draining tracts would make excellent additions to an existing farming operation, a compact yet productive opportunity for a beginning farmer, or a smart investment for those looking to diversify their portfolio. The prime location in Muscatine County provides convenient access to multiple grain marketing options, including grain processors and the Mississippi River grain market.

*Parcel #1214100008 is subject to a drainage tax, the entire drainage tax for this parcel in 2024 is $1,478. If the farm is sold in two separate tracts the drainage tax will be reconstituted for each tract.

The farm is currently leased for the 2025 cropping season, and the buyer will receive a lease credit at closing in the amount of $33,218 If both tracts are purchased together. The buyer of Tract 1 would receive a lease credit of $18,022 and the buyer of Tract 2 will receive a $15,196 if the tracts are purchased separately.

The auction will be conducted using the "Buyer's Choice" auction method on a price-per-acre basis and the high bidder can take, in any order, one or both tracts for their high bid. Tracts will not be offered in their entirety after the auction.

Legal Description

102.53 acres +/- located in Section 15 of Seventy-Six Township, Muscatine, County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Muscatine, IA: Head west on Hershey Ave for 2 miles. Turn left onto Burlington Road heading southwest. After 4.5 miles the farm will be on the left-hand side.

Sign On Property: Yes
Parcel Number: 1215200022, 1214100008, 1215400015
School District: MUSCATINE COMM SCHOOL
General Area: Fruitland, IA
Net Taxes: $3,762.00
CSR2: 76.50
Zoning: Agriculture

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.

Video

Click the "play" button below to watch an aerial drone video of this property.

Downloads

Farm Program Information

Marketing Brochure

Tracts

Tract 1 - Burlington Road, Letts, IA 52754

Tract Photos

Bid Now

Description

Tract 1 consists of approximately 54.98 surveyed acres m/l, featuring an estimated 51.33 FSA Cropland acres with a CSR2 rating of 76.8. The predominant soil type is Moingona Loam, offering high-quality agricultural potential. The tract’s natural topography facilitates excellent drainage, with additional opportunities for tile drainage outlets. Conveniently situated along paved Burlington Road, this property presents an exceptional building site, boasting scenic views of Muscatine County’s gently rolling hills. Offering a prime location just northwest of Fruitland, Iowa, the property lies within Section 15 of Seventy-Six Township, Muscatine County, IA.

The buyer of Tract 1 will receive a lease credit of $18,022 at closing.

Details

Acres: 54.98 Acres M/L
CSR2: 76.80

Downloads

Tract 2 - Burlington Road, Letts, IA 52754

Tract Photos

Bid Now

Description

Tract 2 consists of approximately 47.55 acres m/l, with an estimated 43.33 FSA Cropland acres carrying a CSR2 rating of 76.2. The primary soil types are Moingona and Caneek Loams, offering strong potential yields. Situated along paved Burlington Road, this property provides an ideal building site, with panoramic views of Muscatine County’s rolling hills. The terrain of the tract contributes to effective drainage with potential sites for tile outlets if required in the future. Located just northwest of Fruitland, Iowa, this property is within Section 15 of Seventy-Six Township, Muscatine County, IA. With its fertile soils, excellent drainage, and scenic vistas, this tract represents a unique opportunity for both

The buyer of Tract 2 will receive a lease credit of $15,196 at closing.

*Disclaimer: A small utility shed located in the southwest corner of the property is not owned by the Dick Cornick Revocable Trust. This shed belongs to the owners of Parcel #1215200020. It will be the responsibility of the buyer of Tract 2 and the shed owners to determine whether the shed needs to be relocated at a later date.

Details

Acres: 47.55 Acres M/L
CSR2: 76.20

Downloads

Bid Now

Auction Details & Terms

Auction Location Map

Muscatine County Land Auction
102.53 Acres M/L (Offered in Two Tracts)
Wednesday, April 2nd, 2025 at 10:00 AM

Tract 1: 54.98 acres m/l

Tract 2: 47.55 acres m/l

Seller: Dick T. Cornick Trust

Representing Attorney: Eichelberger Law Office, PC

Auction Location:
Fruitland Iowa Community Center
104 Sand Run Rd
Fruitland, IA 52749

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 two tracts will be offered via Public Auction and will take place at 10:00 AM at the Fruitland Community Center in Fruitland, 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, 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.

Farm Program Information: Farm Program Information is provided by the Muscatine 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 Muscatine 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 Peoples Company Trust Account.

Closing: Closing will occur on or before Wednesday, May 14th, 2025. 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 2025 cropping season, and the buyer will receive a lease credit at closing in the amount of $33,218 If both tracts are purchased together. The buyer of Tract 1 would receive a lease credit of $18,022 and the buyer of Tract 2 will receive $15,196 if the tracts are purchased separately.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract. 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.