Warren County, IA
20.00 Acres M/L

|
Indianola, IA 50125 |
Listing #17306

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Bid Online

Property Info

Description

Warren County, Iowa Online Only Auction - Bidding will conclude Wednesday, February 28th, 2024, 5:00 P.M. CST!

Peoples Company proudly represents The Estate of Glen Ogle in the sale of 20 acres m/l of prime farmland nestled between Indianola and New Virginia in Warren County, Iowa. This high-quality tillable farmland is strategically positioned, offering great potential for farmers looking to expand their operations. The property will be offered via online-only auction through the Peoples Company Bid Wrangler auction platform. All bids are to be placed before Wednesday, February 28th, 2024, at 5:00 P.M. CST.

Comprising a total of 20 acres m/l, this farm boasts 17.40 acres m/l in row crop production, with productive soils and a high CSR2. The CSR2 value on the tillable soils is 82.20, featuring Kennebec silt loam and Watkins silt loam, with slopes from 0 to 5 percent providing exceptional agricultural productivity. This property also has approximately 3 acres m/l of timber with Squaw Creek running through it. With these features, it creates a great environment for recreational opportunities, particularly well-suited for white-tail deer hunting.

Seize the opportunity to own this exceptional property in Warren County, Iowa that caters to both farming and recreational interests, and experience the full range of possibilities it has to offer whether you are a farmer looking to expand, a recreational enthusiast, or land investor, this is the opportunity for you.

Legal Description

The East 1/2 of the Northwest 1/4 of the Southeast 1/4 of Section 9 Township 74N Range 24 West of the 5th PM
Exact legal description to be taken from Abstract.

Details

FSA Cropland: 17.40 m/l
Corn: 10.20 base acres with a PLC Yield of 104
Soybeans: 7.20 base acres with a PLC Yield of 44

Directions

From Interstate 35: Take the New Virginia exit for Highway G-76 and go east to New Virginia. In the town of New Virginia, turn right to continue on Highway G-76 East for 5 miles to 90th Avenue. Turn left and go north on 90th Ave for 3 miles to Roosevelt Street. Turn right and go east on Roosevelt to 98th Avenue. Turn right and go South on 98th Avenue. The property is on the west side of 98th Ave.

Sign On Property: Yes
MLS Number: 688041
Parcel Number: 23000090841
School District: Interstate 35 School District
General Area: New Virginia
Net Taxes: $554.00
Online Bidding: Yes
Auction Date: Feb 28, 2024
CSR2: 82.20
Possession: At Closing
Terms: Cash

Covenants

None

Improvements

None

Bid Online

Auction Details

Warren County Online Only Auction

Seller: The Estate of Glen R. Ogle

Attorney: Mason J. Ouderkirk, Ouderkirk Law Firm

20 Acres M/L
Offered in One Tract
Wednesday, February 28th, 2024
5:00 PM Central

ALL BIDS WILL BE ON A PRICE-PER-ACRE BASIS

How to Bid?
Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions.

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders will be accessing this auction online 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 property will be offered as one tract. All bids will be on a price per acres basis. A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 minutes until all bidding is completed. If you plan to bid, please register 24 hours before the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

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 about Wednesday, May 1st, 2024, subject to court approval. 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 property will be given at Closing subject to tenant rights.

Farm Lease: The farm is currently leased for the upcoming 2024 cropping season and the buyer will receive the full 2024 cash rent payment.

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.

Bidder Registration: All prospective bidders must register with Peoples Company to bid at the auction.

Court Approval: The highest bid is contingent upon and subject to approval by the Iowa District Court. A hearing before the Court will be scheduled by the Court following the auction and receipt of a fully executed Purchase Agreement. Closing of a sale approved by the Court will be set not less than thirty-one (31) days and no more than fifty (50) days following the entry of the Court’s order. All purchase money
will be due in full at closing.

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. 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 Auction Company.

FEMA Flood Plain: Portions of this property are in a zone of 500-year Floodplain. Please see "FEMA Flood Plain Report" in the Attachments

Disclaimer: All boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall acres may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding during 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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