Farm Real Estate – Iowa Land Sales & Farm Management

Poweshiek County Land Auction

Auction Details: Thursday, August 18, 2022 at 10 a.m. | Montezuma Memorial Hall, 205 E. Main Street, Montezuma, IA 50171

Description: 135 acres m/l of Poweshiek County land being offered for sale as an individual parcel. This property offers several opportunities, with half of the land consisting of crop and grassland and the balance made up of mature timber. This parcel is located 4 miles south of Montezuma along Highway 63.

This is a unique opportunity to purchase a combination farm with these features, along with a potential building site, in this area of Poweshiek County. The existing cash rent lease will be terminated, and the farm will be available for the 2023 crop year.

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Adams County Land Auction- SOLD for $11,391,900

Auction Results:

Parcel 1- 156 acres m/l sold for $9,000/acre totaling $1,404,000

Parcel 2- 265 acres m/l sold for $7,500/acre totaling $1,987,500

Parcel 3- 156 acres m/l sold for $7,900/acre totaling $1,232,400

Parcel 4- 77 acres m/l sold for $7,000/acre totaling $539,000

Parcel 5- 239 acres m/l sold for $5,600/acre totaling $1,338,400

Parcel 6- 77 acres m/l sold for $6,000/acre totaling $462,000

Parcel 7- 150 acres m/l sold for $9,700/acre totaling $1,455,000

Parcel 8- 148 acres m/l sold for $10,250/acre totaling $1,517,000

Parcel 9- 144 acres m/l sold for $8,400/acre totaling $1,209,600

Parcel 10- 38 acres m/l sold for $6,500/acre totaling $247,000

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Auction Details: Thursday, July 21 at 10 a.m. | Corning Opera House, 800 Davis Avenue, Corning, IA 50841

Description: 1,450 total acres m/l of quality Adams County farmland being offered for sale as 10 separate parcels. Each parcel has been well maintained in the past and is leased for the 2022 crop year with the 2nd half cash rent being paid to the buyer of each tract. The existing leases will be terminated, and the farms will be available for the 2023 crop year. This sale offers a unique opportunity to purchase highly tillable farms relatively close together in Adams County.

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Listing Info & Photographs

Sealed Bid Auction | Mahaska County – SOLD for $1,308,000 total or $8,175/acre

160 acres m/l, Section 24, Pleasant Grove Township

Method: Sealed Bid Land Auctions. Bids will be due on or before Tuesday, November 9^th, 2021 by 12 PM. The Bid Form is available below and within the brochure. Bid Form can be mailed to Iowa Land Sales & Farm Management, LLC 1043 440^th Avenue, Malcom, Iowa 50157 or emailed to the listing agents below.

Date & Location: Top bidders will be invited and given the opportunity to re-bid on the property on Thursday, November 11^th, 2021 at 10 AM at the Barnes City American Legion, 435 Broadway Street, Barnes City, Iowa 50027.

Description: 160 acres m/l of Mahaska County land being offered for sale as one parcel. This is an above-average property that has been owned and operated by the same family for several years. A unique opportunity to purchase a quality and good producing farm that is located 3 miles of Highway 21 along the Mahaska-Keokuk County line. The farm has an 64.5 CSR2 and will be available for the 2022 crop year.

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Bid Form

Poweshiek County Land Auction – SOLD for $317,000 total or $6,900/acre

Auction Details: Thursday, October 7^that 11:00 am (Following the sale of the 118-acre property at 10:00 am) | Malcom Auditorium, 212 Main Street, Malcom, Iowa 50157

Description: 46 acres m/l of Poweshiek County land being offered for sale as one parcel. This is a unique opportunity to purchase a smaller parcel of cropland in this area of Poweshiek County within 10 miles of Grinnell, Iowa. The farm has been well maintained in the past and the cropland has a 56.7 CSR2. The farm will have an open lease for the 2022 crop year.

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Poweshiek County Land Auction – SOLD for $1,046,500 total or $9,100/acre

Auction Details: Thursday, October 7th @ 10 am | Malcom Auditorium, 212 Main Street, Malcom, IA 50157

Description: 115 acres m/l of Poweshiek County land in Pleasant Township, Section 7, being offered for sale. The cropland has a 70 CSR2 rating, gentle, rolling topography and has been well maintained. The farm will be available for the 2022 crop year.

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Mahaska County Land Auction – SOLD for $1,911,000 or $10,500/acre

Thursday, September 23@ 10 am | Barnes City American Legion, 435 Broadway St, Barnes City, Iowa 50027

Description:182 acres m/l of Mahaska County land being offered for sale as one parcel. This property offers a unique opportunity to purchase a large contiguous tract of high-quality income producing cropland along a paved road. The cropland has an 81.4 CSR2 and has been well maintained in the past. The farm will be available for the 2022 crop year.

Grain Bin: A 20,000-bushel grain gin is located on the property that was built in 1980. A new meter pole to provide electricity to this storage bin will need to be installed to service this bin and will be the responsibility of the new owner.

Access: The gravel lane, 170^th Street, used to access the property from G29 pavement, is considered a county road. A survey of the acreage (not included with this sale) located at 3108 170^th Street, What Cheer, Iowa is provided within this brochure summarizing the boundary lines and the 30-foot wide ingress/egress easement that can be used to access the grain bin on the subject property.

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Mahaska County Land Auction- SOLD for $684,000 total or $7,200/acre

Auction Details: Thursday, August 12^th@ 10 am | Barnes City American Legion, 435 Broadway St, Barnes City, Iowa 50027

Description

95 acres m/l of Mahaska County land being offered for sale as one parcel. This property offers a nice balance of income producing cropland, pasture, and a homestead along a paved road. The cropland has a 67.7 CSR2. This parcel has been well maintained in the past and the farm will have an open lease for the 2022 crop year.

Farmstead

Dwelling – 1.5 story home with 1,375 square feet of living area built in 1935. Full Seller Disclosure of Property Conditions and accompanying documents regarding the dwelling are available upon request. The dwelling has received several upgrades in recent years, including a new furnace and central air conditioning unit. Please contact agent to arrange a private showing of the home.

Septic System – The septic tank has not been updated in recent years. Property is being sold, “As is, where is” and it will be the responsibility of the buyer to have the septic system brought up to code, if necessary, following an inspection by the Mahaska County Sanitarian.

Water – The water for the house is supplied by Poweshiek Water Association.

Pole Barn – 30’x40’ pole barn built in 1975.

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Listing Info & Photographs

Keokuk County Land Auction- SOLD for $574,750 total or $6,050/acre

Auction Details: Thursday, August 5th at 10 am | Wooden Wheels Vineyards and Winery, 1179 Highway 92, Keota, Iowa 52248

Description: 95 acres m/l of quality Keokuk County farmland being offered for sale as one parcel. The farm offers a nice balance of income producing cropland and timber for recreational use. This parcel has been well maintained in the past and the cropland is leased for the 2021 crop year.

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Poweshiek County Land Auction- SOLD for $2,280,000 or $15,000/ acre

Description:

150 acres m/l of prime Poweshiek county farmland for sale located in Section 6, Jackson township. The farm carries a CSR2 of 87, lies within the city limits of Montezuma and neighbors the local Heartland Cooperative elevator. Owners are retaining approximately 12 acres m/l which encompass the building site, the parcel immediately to the west of the building site and an additional 2 acres to be donated to the local American Legion for construction of a new lodge facility. Surveys and property markers are in the process of being completed. Buyer will be credited $19,835 at closing for second half rent.

After recent surveys, we upped the true acres sold to 152 acres

Utilities:

The location of the farm provides for city utilities. Montezuma Municipal Light and Power has a 3 phase 2400 volt line that runs underground from property owned by the city of Montezuma (east of the farm), west along Highway 85 to the east side of buildings on the property, then north to the north side of buildings, then west on the north side of buildings to tenth street, then south on the east side of tenth street to Washington street. In addition, a water main is on the north side of Jefferson street with access to city sewer near the property as well.

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Poweshiek County Multi-Parcel Absolute Land Auction – SOLD $3,722,800.00

Total sale’s proceeds: $3,722,800.00

Parcel 1 sold at $11,700/acre totaling $1,404,000.00

Parcel 2 sold at $15,600/acre totaling $1,294,800.00

Parcel 3 sold at $6,400/acre totaling $1,024,000.00

Auction Details: Tuesday, April 6th @ 10:00 am || Montezuma Memorial Hall, 205 East Main Street, Montezuma, Iowa 50171

Description:

363 acres m/l of quality Poweshiek County farmland being offered for sale as three separate parcels. Each parcel has been well maintained in the past and will be available for the 2021 crop year. There are 2 wind turbines on Parcel 1 and underground transmission lines on Parcel 2 providing an additional income stream for these properties. Unique opportunity to purchase this many acres relatively close together in Poweshiek County.

Offered in 3 parcels:

Parcel 1 – 120 acres m/l, Section 32, Scott Township & Section 6, Jackson Township