Madison County, IA
Upcoming Auction
Madison County, IA
75.33 Acres M/L
75.33 Acres M/L
Francesca Avenue & 235th Trail
Winterset, IA 50273
| Price | Click to Bid Online |
| Listing | #19385 |
Open House:
Fri. Jul. 10, 2026
2:00 PM - 6:00 PM
Fri. Jul. 10, 2026
2:00 PM - 6:00 PM
Property Info
Description
Legal Description
Directions
- MLS Number: 742994
- Parcel Number: Parcel Numbers will change after survey is filed.
- School District: Winterset Community School District
- General Area: West of Winterset
- Style: 1 Story Log Cabin
- Water: Rural
- Sewer: Septic
- Bedrooms: 3
- Full Bathrooms: 1
- Half Bathrooms: 1
- Stories: 1
- Basement: Yes
- Year Built: 1978
- Heating: Central Heat
- Living Area Square Feet: 1,344
- Basement Square Feet: 1,344
- Roof: Metal
- Exterior: Log
Interactive Map
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Tracts
Description
Legal Description
Details
- Acres: 3.90 Acres M/L
- Parcel Number: Part of 590121242000000
Description
Legal Description
Details
- Acres: 31.43 Acres M/L
- Parcel Number: Part of 590121242000000
- CSR2: 63.7
Description
Legal Description
Details
- Acres: 40.00 Acres M/L
- Parcel Number: 590121224000000
- CSR2: 60.4
Bid Now
Auction Details & Terms
Madison County, IA Land Auction
75.33 Acres M/L
Offered in Three Tracts
Friday, July 31st, 2026 at 10:00 AM
75.33 Acres M/L
Offered in Three Tracts
Friday, July 31st, 2026 at 10:00 AM
Auction Location:
Jackson Building - Madison County Fairgrounds
1146 Summit Street
Winterset, IA 50273
Seller: Ida V Morse Estate - Darrel Goodhue as Referee
Jackson Building - Madison County Fairgrounds
1146 Summit Street
Winterset, IA 50273
Seller: Ida V Morse Estate - Darrel Goodhue as Referee
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 tracts will be sold via Public Auction on Friday, July 31st, 2026, at 10:00 AM at the Madison County Fairgrounds in Winterset, Iowa. Tract 1 will be offered using the Traditional Auction method through a live, in-person auction with a virtual online bidding option available. Bids on Tract 1 will be placed on a "Whole Dollar Basis". Following the conclusion of bidding on Tract 1, Tracts 2 and 3 will be offered using the "Buyer's Choice" auction method. Under the "Buyer's Choice" method, the high bidder may elect to purchase one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both Tracts 2 and 3 have been purchased and removed from the auction. Tracts will not be offered in their entirety or in any combination following the auction.
Auction Method: The tracts will be sold via Public Auction on Friday, July 31st, 2026, at 10:00 AM at the Madison County Fairgrounds in Winterset, Iowa. Tract 1 will be offered using the Traditional Auction method through a live, in-person auction with a virtual online bidding option available. Bids on Tract 1 will be placed on a "Whole Dollar Basis". Following the conclusion of bidding on Tract 1, Tracts 2 and 3 will be offered using the "Buyer's Choice" auction method. Under the "Buyer's Choice" method, the high bidder may elect to purchase one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both Tracts 2 and 3 have been purchased and removed from the auction. Tracts will not be offered in their entirety or in any combination following the auction.
Tract 1: 3.9 Surveyed Acres M/L
Tract 2: 31.43 Surveyed Acres M/L
Tract 3: 40 Surveyed Acres M/L
Tract 2: 31.43 Surveyed Acres M/L
Tract 3: 40 Surveyed 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.
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.
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.
Farm Program Information: Farm Program Information is provided by the Madison 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 Madison 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’s Trust Account.
Closing: Closing will occur on September 18th, 2026. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.
Closing: Closing will occur on September 18th, 2026. 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.
Farm Lease: The pasture on Tract 2 is rented for 2026. The Tenant for Tract 2 will need access to the building on Tract 1 until March 1, 2027. Contact the Listing Agent for more information.
Open Houses: There will be one open house held to view the dwelling on Tract 1. The open house will be held on Friday, July 10th, from 2:00 to 6:00 P.M. Potential Buyer's are not permitted to enter the dwelling without prior approval from the Listing Agent.
Septic System: Seller is exempt. The Septic System on Tract 1 was installed in 2003, and the Buyer will be responsible for the cost of bringing the septic system up to code. Acreage will sell as-is.
Open Houses: There will be one open house held to view the dwelling on Tract 1. The open house will be held on Friday, July 10th, from 2:00 to 6:00 P.M. Potential Buyer's are not permitted to enter the dwelling without prior approval from the Listing Agent.
Septic System: Seller is exempt. The Septic System on Tract 1 was installed in 2003, and the Buyer will be responsible for the cost of bringing the septic system up to code. Acreage will sell as-is.
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.
Surveys: All tracts have been surveyed prior to the auction. No additional surveying or staking will be provided by the Seller.
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 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.
The Seller reserves the right to accept or reject any and all bids.
Photos
Tract 1 Photos
Tract 2 Photos
Tract 3 Photos
