Sold
Polk County, IA
123.95 Acres M/L
NE 102nd Avenue & NE 72nd Street
Bondurant, IA 50035
| Price | Click to Bid Online |
| Listing | #17160 |
Property Info
Description
Polk County, Iowa Transitional Development Land Auction - Mark your calendars for Thursday, November 30th, 2023, at 10:00 AM! Peoples Company is proud to represent the sale of 123.95 acres m/l of premium transitional development land near Bondurant, Iowa. Conveniently located within the growing northeast corridor of the Des Moines Metro area, farmland of this caliber and location does not come to the open market very often.
Situated just one mile north of the current Bondurant city limits and less than five miles directly east of Ankeny, Iowa this property would make a great addition to an existing farming operation, an investment-grade quality land purchase, or a long-term investment as eastern Polk County continually develops. From 2017 to the present, the northeastern Des Moines Metro has seen swift expansion as there have been over 907 residential lots approved or under development within Bondurant, Iowa, and over $379 million of economic development from the approved commercial and industrial permits.
Located on the north side of NE 102nd Avenue, this highly tillable farmland tract contains 123.36 FSA NHEL cropland acres with primary soil types consisting of Canisteo clay loam, Clarion loam, and Nicollet loam carrying a CSR2 of 86.9. The farmland tract has been used for seed corn production (5-year average of 255+ bushels) and has approved yields of 211 bushels of corn and 60 bushels of soybeans. The farm is open for the 2024 cropping season. During 2021/2022, there were significant repairs and improvements made within the private Drainage District #12 and there is a 24” county drainage tile that goes through the middle of the farm outletting on the east side of Northwest 72nd Street. Additionally, there are seven tile intakes located across the farm (see Tile Map). There are several grain marketing options located nearby including, but not limited to, cooperatives in Elkhart, Mitchellville, and Mingo, Iowa along with a nearby ethanol plant.
The single tract will be offered on a price-per-acre basis via Public Auction and will take place on November 30th, 2023, at 10:00 AM at the American Legion Post 396, 315 2nd Street NW, Bondurant, Iowa 50035. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. This property is located one mile north of Bondurant, Iowa in the south half of Section 12 in Douglas Township, Polk County, Iowa. Don't miss out on this tremendous opportunity to own high-quality Iowa farmland!
Legal Description
The West 90 Acres of the Southeast Quarter (SE 1/4) and the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) of Section 12, Township 80 North, Range 23, West of the 5th P.M., Polk County, Iowa, except the following: Beginning at the Southeast Corner of said West 90 Acres; thence West along the South line of said Southeast Quarter (SE 1/4), 477.0 feet; thence North, parallel to the East line of said West 90 Acres, 392.0 feet; thence East, parallel to the South line of said Southeast Quarter (SE 1/4), 477.0 feet to the East line of said West 90 Acres; thence South, along the East line of said West 90 Acres, 392.0 feet to the point of beginning. Exact legal description to be taken from Abstract.
Directions
From Bondurant, Iowa: Head north out of town on County Highway S14/NE 72nd Street for 2.25 miles. Turn left (west) onto NE 102nd Avenue and continue for half a mile. The farm will be on the north side of the road. Look for the Peoples Company sign.
From Interstate 35N (Exit 94): Head east on NE 94th Ave/Enterprise Road for approximately 4.75 and turn left (north) onto NE 64th Street. Continue for one mile and turn right (east) onto NE 102nd Avenue. Continue for half a mile. The farm will be on the north side of the road. Look for the Peoples Company sign.
- Sign On Property: Yes
- MLS Number: 683767
- Parcel Number: 802312300002, 802312400001
- School District: Bondurant-Farrar Community School District
- General Area: North of Bondurant, Iowa; East of Ankeny, Iowa
- Net Taxes: $4,724.00
- CSR2: 86.90
- Lot Size: 123.95
- Zoning: Agriculture
Additional Info
*This farm is located in private Drainage District #12. The property will be assessed for the cost of the 2021/2022 tile project and the estimated cost will be $52,900. This is only an estimate and subject to change when levied by the Polk County Auditor. At Closing, the Sellers will credit Buyer/s for the $52,900 drainage assessment for the previous work performed in private Drainage District #12. Contact the agent for more details.
Interactive Map
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Auction Details & Terms
Polk County, Iowa Land Auction
Thursday, November 30th, 2023
10:00 AM CST
Thursday, November 30th, 2023
10:00 AM CST
Auction Location:
American Legion Post 396
315 2nd Street NW,
Bondurant, Iowa 50035
Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the American Legion Post 396, 315 2nd Street NW, Bondurant, Iowa 50035. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.
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.
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.
Farm Program Information: Farm Program Information is provided by the Polk 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 Polk 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 a certified check or wire transfer. All funds will be held by Peoples Company Trust Account.
Closing: Closing will occur on or before Wednesday, January 17th, 2024. 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 farm will be given at closing, subject to tenant's rights.
Farm Lease: The farm lease is "open" for the 2024 crop season.
Contract & Title: Immediately upon the conclusion of the auction, the winning 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.
Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.
Property Taxes & Drainage Assessment: All real estate taxes will be prorated between the Seller and Buyer to the date of closing, subject to the following. At Closing, the Sellers will credit Buyer in the amount of $52,900 for drainage assessment resulting from previous work performed in private Drainage District #12 (“Drainage Credit”). There will be no further proration, credit, or adjustment for the drainage assessment. Any and all drainage assessments in excess of the Drainage Credit will be Buyer’s sole responsibility and Buyer will not look to Seller for any further payments or adjustments.
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.
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 the 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 are to be taken from the Abstract.
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