Pending
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
Wayne County, Iowa Farmland Auction - Mark your calendars for Thursday, December 5th, 2024, at 10:00 AM! Peoples Company is pleased to be representing the sale of 323.50 surveyed gross acres m/l, being offered in two tracts of high-quality, highly tillable Wayne County farmland located immediately east of Allerton, Iowa. These two contiguous tracts are comprised of a gentle rolling topography with drainage tile that is sure to be the envy of the county with greater than 95% tillable acres and above average CSR2 ratings! This property is located within Section 11 of Warren Township, Wayne County, Iowa.
The highly tillable farm will be offered as two individual tracts through the "Buyer Choice" Auction Method with a combined total of 303.95 FSA tillable acres carrying an overall CSR2 rating of 53.7, above the Wayne County, Iowa average of 50.7. The north / south nearly three quarters of a mile-long end rows, wide open area, and multiple well-established driveway entrances into the farm will add efficiency to any farming operation. There are a total of six well-established driveway entrances into the farm - two entrances on the north, two entrances on the east, and two entrances on the south sides of the farm.
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.
There is a Natural Gas Pipeline serviced by the Allerton Gas Company located in the right of way along County Road J46 / Iowa Road and Idaho Road, which are the northern and southern tract boundaries. In addition, there is a fiber optic cable running along 120th Avenue and Idaho Road, the eastern and southern boundaries of the farm.
The highly tillable farm will be offered as two individual tracts through the "Buyer Choice" Auction Method with a combined total of 303.95 FSA tillable acres carrying an overall CSR2 rating of 53.7, above the Wayne County, Iowa average of 50.7. The north / south nearly three quarters of a mile-long end rows, wide open area, and multiple well-established driveway entrances into the farm will add efficiency to any farming operation. There are a total of six well-established driveway entrances into the farm - two entrances on the north, two entrances on the east, and two entrances on the south sides of the farm.
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.
There is a Natural Gas Pipeline serviced by the Allerton Gas Company located in the right of way along County Road J46 / Iowa Road and Idaho Road, which are the northern and southern tract boundaries. In addition, there is a fiber optic cable running along 120th Avenue and Idaho Road, the eastern and southern boundaries of the farm.
The two tracts will be offered individually on a price-per-acre basis using the “Buyer's Choice” auction method, where the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. The live Public Auction will take place at 10:00 AM on Thursday, December 5th, 2024, at the Walden Park Clubhouse at 501 South East Street in Corydon, Iowa. The sale can also be viewed through a Virtual Online Auction option and online bidding will be available.
This property is ideally situated in the central part of Wayne County, Iowa and offers a great long-term investment opportunity for both farmers and investors alike with an unrivaled percentage of tillable acres in one location with highly productive soils! Don't let this opportunity pass to acquire these two contiguous southern Iowa farmland tracts for your farming operation and ensure a smart investment for the future.
Legal Description
323.50 surveyed acres m/l located in Section Eleven (11), Township Sixty-eight (68) North, Range Twenty-two (22) West of the 5th P.M., Wayne County, Iowa. Exact legal description to be taken from Abstract.
Directions
From Allerton, Iowa: Head east on County Highway J46 / Iowa Avenue and both tracts will be located on the south side of the road. Please look for the Peoples Company signs.
- 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
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
Tract 1 is located within and adjacent to the Allerton city limits and includes 170.66 surveyed acres m/l with an estimated 158.25 FSA tillable acres carrying a CSR2 rating of 51.9. The farmland tract is over 92 percent tillable with primary soil types consisting of Clarinda silty clay loam, Edina silt loam, Seymour silt loam, and Seymour silty clay loam. With nearly three quarters of a mile-long end rows and wide-open farmable acres, this Wayne County, Iowa farmland tract would immediately add to the efficiency of any southern Iowa farming operation.
This highly tillable tract has a gently rolling topography that provides natural drainage to the southwest portion of the farm. The balance includes grassed waterways located on the southwest portion of the farm.
There is a Natural Gas Pipeline serviced by the Allerton Gas Company located within the right of way along County Road J46 / Iowa Road and Idaho Road, which are the northern and southern tract boundaries. In addition, there is a fiber optic cable running along Idaho Road, the southern boundary of the tract.
This property is available for the 2025 cropping season and is located within Section 11 of Warren Township, Wayne County, Iowa.
Legal Description
170.66 surveyed acres m/l located in Section Eleven (11), Township Sixty-eight (68) North, Range Twenty-two (22) West of the 5th P.M., Wayne County, Iowa. Exact legal description to be taken from Abstract.
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
From Allerton, Iowa: Head east on County Highway J46 / Iowa Avenue, and the farm is located on the south side of the road. Please look for the Peoples Company signs.
Description
Tract 2 includes 152.84 surveyed acres m/l with an estimated 145.70 FSA tillable acres carrying a CSR2 rating of 55.8, above the Wayne County average of 50.7. With nearly every acre on this tract tillable with a minimal elevation change relative to other farmland tracts, this unrivaled percentage of tillable acres in one location with highly productive soil types would make for a smart investment for both farmers and investors. The primary soils on this 95% tillable farmland tract include Edina silt loam, Seymour silt loam, and Seymour silty clay loam. The balance includes grassed waterways located on the east central portion and the southeast corner of the farm.
There are a total of five well-established field entrances into this tract - one on the north, two on the east, and two entrances on the south – the accessibility of this tract would add efficiency to any farming operation (See Field Driveway Entrances handout). In addition, the tract has been improved with two terraces and drainage tile intakes located in the east central portion of the tract.
There is a Natural Gas Pipeline serviced by the Allerton Gas Company located within the right of way along County Road J46 / Iowa Road and Idaho Road, which are the northern and southern tract boundaries. In addition, there is a fiber optic cable running along 120th Street and Idaho Road, the eastern and southern boundary of the tract.
This farm is available for the 2025 cropping season and is located in Section 11 of Warren Township, Wayne County, Iowa.
Legal Description
152.84 surveyed acres m/l located in Section Eleven (11), Township Sixty-eight (68) North, Range Twenty-two (22) West of the 5th P.M., Wayne County, Iowa. Exact legal description to be taken from Abstract.
Details
- Acres: 152.84 Acres M/L
- Parcel Number: 100E11200004; 100E11200005; 100E11400001; 100E11400002; 100E11400003; 100E11400004
- Net Taxes: $3,312.00
- CSR2: 55.80
Directions
From Allerton, Iowa: Head east on County Highway J46 / Iowa Avenue for 0.50 miles and the farm is located on the south side of the road. Please look for the Peoples Company signs.
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
