Wayne County, IA
Upcoming Auction
Wayne County, IA
522.50 Acres M/L
522.50 Acres M/L
Idaho Road & County Highway J46
Corydon, IA 50060
| Price | Click to Bid Online |
| Listing | #19190 |
Land Agent & Auctioneer
Jared Chambers, CAI
Office: 855.800.LAND
Mobile: 641.414.0234
Jared@PeoplesCompany.com
Property Info
Description
Legal Description
Directions
- MLS Number: 746973
- Parcel Number: Multiple
- Net Taxes: $8,816.00
- Zoning: Ag
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.
Tracts
Description
Legal Description
Details
- Acres: 150.70 Acres M/L
- Parcel Number: 110D10400001; 110D10400004; 110D10400002; 110D10400005; Part of 110D10400003 and 110D10400006
- Net Taxes: $2,833.00
- CSR2: 50.2
Directions
Description
Legal Description
Details
- Acres: 143.50 Acres M/L
- Parcel Number: 110E11100001; 110E11100003; 110E11300001; Part of 110E11300003
- Net Taxes: $2,353.00
- CSR2: 46.6
Directions
Description
Legal Description
Details
- Acres: 27.10 Acres M/L
- Parcel Number: Part of 110D10400006 and 110E11300003
- Net Taxes: $320.00
- CSR2: 26.5
Directions
Description
Legal Description
Details
- Acres: 35.00 Acres M/L
- Parcel Number: 110L14100001; 110L14ROW001
- Net Taxes: $546.00
- CSR2: 40.6
Directions
Description
Legal Description
Details
- Acres: 30.40 Acres M/L
- Parcel Number: Part of 110K15200001 and 110K15ROW002
- Net Taxes: $423.00
- CSR2: 37.8
Directions
Description
Legal Description
Details
- Acres: 15.80 Acres M/L
- Parcel Number: Part of 110K15200001 and 110K15ROW002
- Net Taxes: $234.00
- CSR2: 40
Directions
Description
Legal Description
Details
- Acres: 120.00 Acres M/L
- Parcel Number: 110K15400001; 110K15400002; 110K15400004; 110K15400005
- Net Taxes: $2,106.00
- CSR2: 46.3
Directions
Bid Now
Auction Details & Terms
Seller: Iowa Farm, LLC
Attorney for the Seller:
Jenna K. Lain, Attorney at Law
Meyer & Lain
Attorney for the Seller:
Jenna K. Lain, Attorney at Law
Meyer & Lain
214 S Franklin Street
Corydon, Iowa 50060
Auction Location:
Walden Park Clubhouse (Corydon Golf Course)
501 South East Street
Corydon, Iowa 50060
Corydon, Iowa 50060
Auction Location:
Walden Park Clubhouse (Corydon Golf Course)
501 South East Street
Corydon, Iowa 50060
Auction Method: Tracts 1, 2, 3, 4, 5, 6, and 7 will be offered using the "Buyer’s Choice" auction method and on a price per acre basis where the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased and removed from the auction. These seven tracts will not be offered in their entirety at the conclusion of the auction. Online bidding will be available for this auction through the Peoples Company mobile bidding app.
Tract 1: 150.7 Acres M/L
Tract 2: 143.5 Acres M/L
Tract 3: 27.1 Acres M/L
Tract 4: 35 Acres M/L
Tract 5: 30.4 Acres M/L
Tract 6: 15.8 Acres M/L
Tract 7: 120 Acres M/L
Farm Program Information: Farm Program Information is provided by the Wayne County Farm Service Agencies. The figures stated in the marketing materials 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 farms are reconstituted by the Wayne County FSA and NRCS offices.
NRCS Conservation Plan: Interested Buyers should review the attached conservation plan for specific tract information.
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 good check or wire transfer. All funds will be held in the Meyer & Lain Trust Account.
Closing: Closing will occur on or around Tuesday, November 17, 2026. The balance of the purchase price will be payable at closing in the form of a certified check or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession will be given at closing, subject to the current tenant’s rights.
Farm Lease: The farm is leased for the 2026 farming season only, and all cash rent will be retained by the Sellers. The lease has been terminated, and the farm will be open for the 2027 farming season.
Survey Information: Tracts 1-6 have been surveyed to determine the property boundaries and the actual gross acres being sold. Tract 7 did not require a survey. If any of the tracts sell to different Buyers, then the Sellers will pay for the surveyor to put minimal stakes in at the tract splits to identify new boundaries. This portion of the survey will take place after the corn has been harvested. Any additional staking will be at the expense of the new Buyer(s) of each tract.
Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Sales Contract and deposit with Meyer & Lain Trust Account the required earnest money payment. The Seller will provide current abstracts at their expense. The sale of this farmland is not contingent upon the Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction.
Tract 2: 143.5 Acres M/L
Tract 3: 27.1 Acres M/L
Tract 4: 35 Acres M/L
Tract 5: 30.4 Acres M/L
Tract 6: 15.8 Acres M/L
Tract 7: 120 Acres M/L
Farm Program Information: Farm Program Information is provided by the Wayne County Farm Service Agencies. The figures stated in the marketing materials 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 farms are reconstituted by the Wayne County FSA and NRCS offices.
NRCS Conservation Plan: Interested Buyers should review the attached conservation plan for specific tract information.
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 good check or wire transfer. All funds will be held in the Meyer & Lain Trust Account.
Closing: Closing will occur on or around Tuesday, November 17, 2026. The balance of the purchase price will be payable at closing in the form of a certified check or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession will be given at closing, subject to the current tenant’s rights.
Farm Lease: The farm is leased for the 2026 farming season only, and all cash rent will be retained by the Sellers. The lease has been terminated, and the farm will be open for the 2027 farming season.
Survey Information: Tracts 1-6 have been surveyed to determine the property boundaries and the actual gross acres being sold. Tract 7 did not require a survey. If any of the tracts sell to different Buyers, then the Sellers will pay for the surveyor to put minimal stakes in at the tract splits to identify new boundaries. This portion of the survey will take place after the corn has been harvested. Any additional staking will be at the expense of the new Buyer(s) of each tract.
Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Sales Contract and deposit with Meyer & Lain Trust Account the required earnest money payment. The Seller will provide current abstracts at their expense. The sale of this farmland is not contingent upon the Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction.
Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date of closing. Final tax figures will be determined by the Wayne County Assessor.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.
Driveway Entrances: Each tract currently has its own separate driveway entrance. If the new owner(s) of any tract elect to install a new driveway entrance or widen any current driveway entrance, then that owner will be responsible for installing them per the Wayne County Engineer’s Office plans and specifications. All costs associated with the installation of new driveway entrances or widening of entrances, if needed, will be at the sole expense of the new Buyer(s) of each tract. The Sellers will not install any new driveway entrances or widen any of the existing driveway entrances.
Fences: Existing fences, if any, are in as-is condition and will not be updated. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.
Rathbun Regional Water Association: For Tracts 1-6: There is a RRWA water main located at the intersection of Idaho Road and 180th Street, and it extends west along the south side of Idaho Road to a neighboring landowner on the east side of Tract 4. Contact RRWA or the listing agents for full details. For Tract 7: There is a RRWA pump station located along the pavement near the entrance to this tract. A RRWA meter pit is in place just north of this pump station.
Site Cleanup: If a site clean-up is required on any of the tracts, it will be the new Buyer’s responsibility and at Buyer’s expense.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.
Driveway Entrances: Each tract currently has its own separate driveway entrance. If the new owner(s) of any tract elect to install a new driveway entrance or widen any current driveway entrance, then that owner will be responsible for installing them per the Wayne County Engineer’s Office plans and specifications. All costs associated with the installation of new driveway entrances or widening of entrances, if needed, will be at the sole expense of the new Buyer(s) of each tract. The Sellers will not install any new driveway entrances or widen any of the existing driveway entrances.
Fences: Existing fences, if any, are in as-is condition and will not be updated. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.
Rathbun Regional Water Association: For Tracts 1-6: There is a RRWA water main located at the intersection of Idaho Road and 180th Street, and it extends west along the south side of Idaho Road to a neighboring landowner on the east side of Tract 4. Contact RRWA or the listing agents for full details. For Tract 7: There is a RRWA pump station located along the pavement near the entrance to this tract. A RRWA meter pit is in place just north of this pump station.
Site Cleanup: If a site clean-up is required on any of the tracts, it will be the new Buyer’s responsibility and at Buyer’s expense.
Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. The Sellers will convey 100% of whatever mineral rights are owned by the Sellers without warranty.
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. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Auction Managers 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 from the Auctioneer. All decisions of the Auctioneer are final. The Sellers reserve the right to accept or reject any and all bids.
Broker Participation: Client must be registered with the Auction Managers at least 48 hours prior to the start of auction. Contact the Auction Managers, Jared Chambers at 641.414.0234 or Mike Nelson at 641.223.2300, for more information.
Photos
Tract 1 Photos
Tract 2 Photos
Tract 3 Photos
Tract 4 Photos
Tract 5 Photos
Tract 6 Photos
Tract 7 Photos
