Sold
Wayne County, IA
314.45 Acres M/L
County Highway J46/Iowa Road & Idaho
Allerton, IA 50008
| Price | Click to Bid Online |
| Listing | #17887 |
LAND AGENT & AUCTIONEER
Adam Curran
Office: 515.222.1347
Mobile: 641.203.2931
Adam@PeoplesCompany.com
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- MLS Number: 706558
- Parcel Number: 10110B176001; 100E11100003; 100E11200004; 100E11200005; 100E11300003; 100E11400001; 100E11400002; 100E11300010; 100E11400003; 100E11400004
- School District: Wayne Community School District
- General Area: East of Allerton, Iowa
- Gross Taxes: $6,838.00
- CSR2: 53.70
- Zoning: Agricultural
Interactive Map
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Tracts
Description
Legal Description
Details
- Acres: 170.66 Acres M/L
- Parcel Number: 10110B176001; 100E11100003; 100E11200004; 100E11300003; 100E11400001; 100E11300010; 100E11400003
- Net Taxes: $3,526.00
- CSR2: 51.90
Directions
Description
Legal Description
Details
- Acres: 152.84 Acres M/L
- Parcel Number: 100E11200004; 100E11200005; 100E11400001; 100E11400002; 100E11400003; 100E11400004
- Net Taxes: $3,312.00
- CSR2: 55.80
Directions
Bid Now
Auction Details & Terms
Wayne County, Iowa Land Auction
323.50 Surveyed Acres M/L, offered as two tracts (*Updated per recorded Surveys)
Thursday, December 5th, 2024 at 10:00 AM
323.50 Surveyed Acres M/L, offered as two tracts (*Updated per recorded Surveys)
Thursday, December 5th, 2024 at 10:00 AM
Auction Location:
Walden Park Clubhouse (Corydon Golf Course)
501 South East Street
Corydon, Iowa 50060
Auction Method: Both tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, one or both tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until both tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.
Tract 1: 170.66 surveyed acres m/l with an estimated 158.25 FSA cropland acres; CSR2 rating of 51.9 (per recorded Survey).
Tract 2: 152.84 surveyed acres m/l with an estimated 145.70 FSA cropland acres; CSR2 rating of 55.8 (per recorded Survey).
*Tract acres are adjusted based on the recorded surveys and FSA cropland acres are estimated.
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 Wayne 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 Wayne 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 in Peoples Company’s Trust Account.
Closing: Title work will be done prior to the auction and if a buyer would like to close before the end of the year, Peoples Company agents can facilitate that, but closing will occur no later than Friday, January 17th, 2025. The balance of the purchase price will be payable at closing in the form of guaranteed check/s or wire transfer/s. With respect to the timing of the Seller and successful Buyer in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.
Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights.
Farm Lease: Farming rights for the 2025 cropping year will be available.
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.
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: All real estate taxes will be prorated between the Seller and Buyer to the date of closing.
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.
Survey: Tract and cropland acres subject to change prior to the auction as a preliminary survey is in progress. Should each farmland tract sell to separate Buyers, Sellers will provide survey at their expense to divide the farm based on the parcel boundaries. Acres will not be adjusted from the determined survey. No additional surveying or staking will be provided by the Sellers. (***Tract acres updated from surveys recorded on 11/13/2024***)
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 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.
Photos
Tract 1 Photos
Tract 2 Photos
