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

Auction Details: Thursday, October 7th at 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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Listing Info & Photographs

Seller: Morrison Farm

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Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

$964/year

FSA Data

Farm Number: 6204

Tract Number:  8355

Cropland Acres: 40.78

Corn Base Acres: 26.9

Corn PLC Yield:  161

Soybean Base Acres: 9.6

Soybean PLC Yield:  56

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

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

Legal Description

46.0 acres m/l- LOT 1 NE ¼ NE ¼ Except West .81 Acres & SE ¼ NE ¼ Except West 13.35 Acres all in Section 1, Township 79 North, Range 16 West of the 5th P.M., Poweshiek County, Iowa. (exact legal description will be determined from abstract)

Property Location

From Grinnell, travel south 3 miles on Highway 146 and turn left onto F46 (Ewart Pavement). Continue east on the pavement 3 miles and turn left onto 60th Street. Travel north on 60th Street 2 miles and turn right onto 420th Avenue.  Travel 1 mile east on 420th Avenue 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 January 5th, 2022. 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.

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.