Poweshiek County Land Auction – SOLD

SOLD for $999,000 total or $7,400/acre

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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Listing Info & Photographs

Seller: Minner

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes


FSA Data

Farm Number: 3023
Tract Number: 76
Cropland Acres: 76.55
Corn Base Acres: 4.80
Corn PLC Yield: 163 bu./acre
Oats Base Acres: 1.20
Oats PLC Yield: 50 bu./acre
2022 Farm Program Election: Corn is enrolled under the ARC County farm program.

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

Legal Description

Poweshiek County – 135 acres m/l in the Northeast ¼ of Section 35, except Lot 1 in the Northeast ¼ of the Northeast ¼ & Lot A in the Northwest ¼ of the Northeast ¼, in Township 78 North, Range 15 West of the 5th P.M., Poweshiek County, Iowa
(Exact legal description will be determined from abstract)

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. Seller reserves the right to reject any and all bids. This sale is subject to court approval.

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 is 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 December 1, 2022. Balance of purchase price payable in cash or guaranteed check at closing. Possession will be granted to the buyer at closing.

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.