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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Listing Info & Photographs

Seller: Poweshiek County Historical Society & Grinnell Christian Church

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

$3,174/year

FSA Data

Farm Number: 998

Tract Number:  1015

Farmland Acres: 159.08

Cropland Acres: 99.30

Corn Base Acres: 52.5

Corn PLC Yield:  144

Soybean Base Acres: 46.8

Soybean PLC Yield:  49

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 11th, 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. 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.