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

Auction Details: Thursday, August 12th @ 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

Seller: Palmer Farm

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

$2,946/year

FSA Data

Farm Number: 1493

Tract Number: 1948

Cropland Acres: 51.51

Corn Base Acres: 24.60

Corn PLC Yield: 125

Soybean Base Acres: 22.40

Soybean PLC Yield: 41

Farm Program: Corn and Soybeans are enrolled under Price Loss Coverage.

Legal Description

95 acres m/l- The North ½ of the Northeast ¼ & the North ½ of the Southwest ¼ of the Northeast ¼ in Section 21, Township 77 North, Range 14 West of the 5th P.M., Mahaska County, Iowa. Final legal description will be determined from abstract.

Property Location

From Barnes City, travel south on G13 pavement for approximately 3 miles and the subject property will be located on the East side of the pavement. You can also turn onto 130th Street, which is a gravel road, and travel 0.5 miles and the subject property will be on the south side of the road. Iowa Land Sales & Farm Management For Sale signs will be located on the property.

Property Location

Sales Terms & Announcements

Method: This property will be offered for sale as an individual tract. Iowa Land Sales and its representatives are acting as agents of the seller. Bidding increments solely at discretion of the auctioneer.

Contract & Earnest Payment: A 10% earnest money payment is required on the day of the auction. Earnest payment may be paid in the form of cash or check. High bidder will enter into a real estate contract immediately upon the conclusion of the auction and deposit with Iowa Land Sales the required earnest payment. All funds will be deposited and held in the Iowa Land Sales trust account. Bidding not contingent on buyer financing.  If the Buyer fails to fulfill the terms of the Purchase Agreement to be executed on the day of the sale, Seller may forfeit the Agreement, and all payments made by Buyer shall be forfeited, including earnest money.

Closing & Possession: Closing will occur on or about September 15th, 2021. Balance of purchase price payable in cash or guaranteed check at closing.  Possession will be granted to the buyer at closing subject to the 2021 farm leases.

The Purchase Agreement must be executed by the actual buyer or the legal representative of the Buyer on the day of the sale. In the event a potential Buyer cannot attend the auction, said Buyer can send a representative to the auction.  Said representative must be registered with the Broker at least two (2) business days prior to the auction, along with a copy of a valid, signed Power of Attorney.  Limited power of attorney forms are available upon request from the Broker. The Purchase Agreement cannot be assigned by Buyer without Seller’s written consent.

Announcements: All property is sold on an “As is, Where is” basis. No warranty or guaranty, either expressed or implied, is made by the auctioneer or seller. Sale is subject to all covenants, leases and easements of record. Conducting inspections and due diligence is the responsibility of each bidder and at their own risk. Announcements made on the day of the sale take precedence over previously printed information or oral statements.

Disclaimer: Iowa Land Sales obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisers should conduct your own investigation of the property and transaction.