Pending

Warren County, IA
337.87 Acres M/L

Iowa Highway 92
Martensdale, IA 50160

Price	Click to Bid Online
Listing	#17303

LAND AGENT

Ross Zelinsky

Office: 515.222.1347
Mobile: 515.720.7138
Ross@PeoplesCompany.com

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LAND AGENT

John Hutchcroft

Office: 515.222.1347
Mobile: 515.321.5970
JohnH@PeoplesCompany.com

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Property Info

Description

Martens Estate Farmland Auction - Six excellent Warren County, Iowa tracts that have been held for over 120 years.

Mark your calendars for February 16th, 2024, at 10:00 AM! Peoples Company is pleased to represent the heirs of the Martha M. Martens Estate in the sale of 337.87 acres m/l (Surveys Completed) located in Warren County, Iowa. These farms have a storied history and have been proudly held by the Martens Family for over 120 years. This offering consists of highly productive tillable tracts adjoining and near the city limits of Martensdale, Iowa. All of these tracts are located within the desirable Martensdale-St Marys School District and the Interstate 35 corridor, near the Warren/Madison County line. The portfolio will be offered in six tracts via the Buyer's Choice auction method of sale at the Immaculate Conception Hall in St Marys, Iowa.

Tract 1: 108.87 acres m/l with 84.93 FSA cropland acres, carrying a CSR2 value of 67.8.
(Survey Completed 02/05/2024)
Tract 2: 59.82 acres m/l with 42.8 FSA cropland acres, carrying a CSR2 value of 77.
(Survey Completed 02/07/2024)
Tract 3: 6.08 acres m/l with 7.1 FSA cropland acres, carrying a CSR2 value of 67.
(Survey Completed 02/01/2024)
Tract 4: 16.47 acres m/l with 13.03 FSA cropland acres, carrying a CSR2 value of 73.14.
Tract 5: 66.7 acres m/l with 56.62 FSA cropland acres, carrying a CSR2 value of 72.1.
(Survey Completed 02/01/2024)
Tract 6: 79.93 acres m/l with 48.19 FSA cropland acres, carrying a CSR2 value of 79.3.

The farmland will be offered as six individual tracts via the “Buyer’s Choice” auction method through a live, in-person auction and a virtual, live online auction option. Online bidding will be available as well. With the "Buyers Choice" auction method the high bidder can take, in any order, one, multiple, or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all six tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety or any combination after the auction.

Legal Description

Exact legal descriptions to be taken from the Abstract.

Sign On Property: Yes
MLS Number: 687674
School District: Martensdale-St. Marys School District
General Area: Martensdale
Zoning: Agricultural

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Tracts

Tract 1 - Iowa Highway 92, Martensdale, IA 50160

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Description

Tract 1 consists of 108.87 acres m/l with 84.93 FSA cropland acres, carrying a CSR2 value of 67.8. Primary soil types on this tract consist of Zook silty clay loam and Kennebec silt loam. The farm has three established entrances off of the south side of Iowa Highway 92 and one entrance on the west side of the property off of Jesup Street. This tract would be an excellent addition to a local farm operation or a great candidate for an investor looking to diversify their portfolio.

This tillable farmland tract is located within Sections 21 and 28 of Jefferson Township in Warren County, Iowa.

Details

Acres: 108.87 Acres M/L
Parcel Number: 09000280441, 09000210661, 09000210681, 09000210613, 09000280201, Portion of 09000210860, Portion of 09000210880
Net Taxes: $1,911.00
CSR2: 67.80

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for approximately 2 miles and the farm will be on the south side of the road. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 9 miles until you reach the intersection of Highway 92 & Highway 28. The farmland will be immediately south of the intersection. Look for Peoples Company signage.

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Tract 2 - Iowa Highway 92 & Highway 28, Martensdale, IA 50160

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Description

Tract 2 consists of 59.82 acres m/l with 42.8 FSA cropland acres, carrying a CSR2 value of 77. Primary soil types on this tract consist of Zook silty clay loam and Kennebec silt loam. The farm has two established entrances off of the north side of Iowa Highway 92 and one entrance on the northwest side of the property on 40th Avenue. This tract would be an excellent addition to a farm operation or a great candidate for an investor looking to diversify their portfolio.

This tillable farmland tract is located within Sections 21 and 22 of Jefferson Township in Warren County, Iowa.

Details

Acres: 59.82 Acres M/L
Parcel Number: Portion of 55000210820, Portion of 09000210860, Portion of 09000210880, Portion of 09000220664, Portion of 09000220647, Portion of 09000220644
CSR2: 77.00

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for approximately 2 miles and the farm will be on the northeast side of the road. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 9 miles until you reach the intersection of Highway 92 & Highway 28. The farmland will be immediately northeast of the intersection. Look for Peoples Company signage.

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Tract 3 - Iowa Avenue, Martensdale, IA 50160

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Description

Tract 3 consists of 6.08 acres m/l with 7.1 FSA cropland acres, carrying a CSR2 value of 67. The primary soil type on this tract is Zook silty clay loam. The farm entrance is where Iowa Avenue & 40th Avenue intersect on the north side of the property. This property is located within Martensdale, Iowa city limits and has been in hay production for multiple years. This would make a great addition for the local equestrian or cattleman in need of grazing opportunities or hay production.

This tillable farmland tract is located within Section 21 of Jefferson Township in Warren County, Iowa.

Details

Acres: 6.08 Acres M/L
Parcel Number: Portion of 55000210820
Net Taxes: $147.00
CSR2: 67.00

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for approximately 2 miles until you reach Iowa Highway 28 turn left (north) and proceed straight for a quarter mile until you reach Iowa Avenue then turn right (east) and the farm will be on the southeast side of the road. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 9 miles until you reach the intersection of Highway 92 & Highway 28 then turn right (north) and proceed straight for a quarter mile until you reach Iowa Avenue then turn right (east) and the farm will be on the southeast side of the road. Look for Peoples Company signage.

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Tract 4 - 40th Avenue, Martensdale, IA 50160

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Description

Tract 4 consists of 16.47 acres m/l with 13.03 FSA cropland acres, carrying a CSR2 value of 73.1. The primary soil types on this tract are Zook silty clay loam and Kennebec Silt Loam. The farm entrance is off 40th Avenue on the west side of the property. This property is located immediately east of Martensdale, Iowa city limits and has been in hay production for multiple years. This would make a great addition for the local equestrian or cattleman in need of grazing opportunities or hay production.

This tillable farmland tract is located within Section 22 of Jefferson Township in Warren County, Iowa.

Details

Acres: 16.47 Acres M/L
Parcel Number: 09000220463, 09000220484
Net Taxes: $362.00
CSR2: 73.10

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for approximately 2 miles until you reach Iowa Highway 28 turn left (north) and proceed straight for a quarter mile until you reach Iowa Avenue then turn right (east). Proceed straight until you reach the end of Iowa Avenue then turn left (north) onto the dirt road 40th Avenue and the farm will be on the east side of the road. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 9 miles until you reach the intersection of Highway 92 & Highway 28 then turn right (north) and proceed straight for a quarter mile until you reach Iowa Avenue then turn right (east). Proceed straight until you reach the end of Iowa Avenue then turn left (north) onto the dirt road 40th Avenue and the farm will be on the east side of the road. Look for Peoples Company signage.

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Tract 5 - 55th Avenue, Martensdale, IA 50160

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Description

Tract 5 consists of 66.7 acres m/l with 56.62 FSA cropland acres, carrying a CSR2 value of 72.1. Primary soil types on this tract consist of Zook silty clay loam and Kennebec silt loam. The farm has one established entrance off of the east side of 55th Avenue. This tract would be an excellent addition to a farm operation or a great candidate for an investor looking to diversify their portfolio.

This tillable farmland tract is located within Sections 22 and 23 of Jefferson Township in Warren County, Iowa.

Details

Acres: 66.70 Acres M/L
Parcel Number: 09000220227, 09000230448, Portion of 09000230420, Portion of 09000220221
Net Taxes: $1,212.00
CSR2: 72.10

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for approximately 4 miles until you reach 55th Avenue turn left (north) and proceed straight for one mile until you reach the Middle River Bridge, the farm will be located on the west side of the road. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 8 miles until you reach the intersection of Highway 92 & 55th Avenue then turn right (north) and proceed straight for one mile until you reach the Middle River Bridge, the farm will be located on the west side of the road. Look for Peoples Company signage.

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Tract 6 - Interstate 35 & Iowa Highway 92, Martensdale, IA 50160

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Description

Tract 6 consists of 79.93 acres m/l with 48.19 FSA cropland acres, carrying a CSR2 value of 79.3. Primary soil types on this tract consist of Kennebec silt loam and Zook silty clay loam. The farm has a designated access easement that runs through the quarry, to access the property off of Iowa Highway 92. This tract would be an excellent addition to a farm operation or a great recreational property for the avid outdoorsman. The cover on this property is very thick, being made up of hardwoods, conifer and grasses, that hold mature whitetails and a large population of turkey year-round.

There is an established, 35' wide, ingress and egress easement that provides access to Tract 6 off of Highway 92. Please contact the Listing Agent(s) for a copy of the easement.

This tillable farmland tract is located within Section 30 of Jefferson Township, just east of Bevington City Limits in Warren County, Iowa.

Details

Acres: 79.93 Acres M/L
Parcel Number: 09000300267, 09000300286, 09000300840, 09000300825
Net Taxes: $1,444.00
CSR2: 78.40

Directions

From West Des Moines, Iowa head south on Interstate-35 for approximately 12 miles then take the Bevington Exit 56 and turn left (east). Proceed east for a half mile and the farm will be on the south side of the road, behind the rock quarry. There is an easement along the west side of the quarry to access the farmland. Look for Peoples Company signage.

From Indianola, Iowa head west on Iowa Highway 92 for approximately 12 miles, just before you reach Interstate 35, the farmland will be located on the south side of the road, behind the rock quarry. There is an easement along the west side of the quarry to access the farmland. Look for Peoples Company signage.

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Auction Details & Terms

Auction Location Map

Martha M. Martens Estate Farmland Auction
337.87 Acres M/L
Offered in Six Tracts
Friday, February 16th, 2024
10:00 AM

Seller: Martha M. Martens Life Estate

Attorney: Matt Molettiere, Legacy Design Strategies

Auction Location:
Immaculate Conception Hall
101 James Street
St Marys, IA 50241

Tract 1: 108.87 acres m/l (Survey completed 02/05/2024)
Tract 2: 59.82 acres m/l (Survey completed 02/07/2024)
Tract 3: 6.08 acres m/l (Survey completed 02/01/2024)
Tract 4: 16.47 acres m/l
Tract 5: 66.7 acres m/l (Survey completed 02/01/2024)
Tract 6: 79.93 acres m/l

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 farm will be sold as six individual tracts using the "Buyers Choice" auction method. All bids will be on a price-per-acre basis. The high bidder can take, in any order, one, multiple, or all tracts for their high bid. "Buyers Choice" auctioning will continue until all tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. The tracts will be sold via Public Auction on Friday, February 16th, 2024, at 10:00 AM at the Immaculate Conception Hall in St Marys, Iowa. 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.

Agency: 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 Warren 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 Warren 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 Friday, March 29th, 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 land will be given At Closing.

Farm Lease: The farm leases have been terminated and each tract will be available for the 2024 crop season.

Tract 6 Easement: There is an established, 35' wide, ingress and egress easement that provides access to Tract 6 off of Highway 92. Please contact the Listing Agent(s) for a copy of the easement.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit the required earnest money payment into the Peoples Company Trust Account. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Financing: The purchaser’s obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

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.

Surveys: Surveys will be provided for Tracts 1, 2, 3 and 5. The farmland acres are subject to slight change after the surveys have been completed but before the auction. After the surveys have been completed, tract acres will be updated on the Peoples Company website. Additionally, the final tract acres will be announced on the day of the sale. No additional surveying or staking will be provided by the Seller.

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 "Price Per Acre" amount. 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 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.