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, 170th 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 170th 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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Listing Info & Photographs

Seller: Gamma 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

$6,194/year

FSA Data

Farm Number: 4645

Tract Number:  1969

Cropland Acres: 162

Corn Base Acres: 113.7

Corn PLC Yield:  160

Soybean Base Acres: 42.6

Soybean PLC Yield:  47

Farm Program: Corn and Soybeans are enrolled under the ARC-County Program.

*Information is estimated pending reconstitution of farm by Mahaska County FSA Office

Legal Description

182 acres m/l- located in the NE ¼ NE ¼ Except the Irregular Tract in the Southeast Corner & the SE ¼ NE ¼ Except the Irregular Tract in the Northeast Corner in Section 9, the NW ¼ NW ¼ Except the Irregular Tract in the Southwest Corner & the SW ¼ NW ¼ Except the Irregular Tract in the Northwest Corner & the NE ¼ NW ¼ lying West of the River in Section 10, Township 76 North, Range 14 West of the 5th P.M., Mahaska County, Iowa (exact legal description will be determined from abstract)

Property Location

From Barnes City, travel south on V13 pavement for approximately 6.5 miles to the intersection of V13 and G29. Turn left onto G29 and travel east 1.0 miles. The subject property will be located on the south side of the pavement. 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 November 3rd, 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 lease, which has been terminated and the cropland will be available for the 2022 crop year.

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.