Sealed Bid Auction | Mahaska County – SOLD for $1,308,000 total or $8,175/acre

160 acres m/l, Section 24, Pleasant Grove Township

Method: Sealed Bid Land Auctions. Bids will be due on or before Tuesday, November 9th, 2021 by 12 PM. The Bid Form is available below and within the brochure. Bid Form can be mailed to Iowa Land Sales & Farm Management, LLC 1043 440th Avenue, Malcom, Iowa 50157 or emailed to the listing agents below.

Date & Location: Top bidders will be invited and given the opportunity to re-bid on the property on Thursday, November 11th, 2021 at 10 AM at the Barnes City American Legion, 435 Broadway Street, Barnes City, Iowa 50027.

Description: 160 acres m/l of Mahaska County land being offered for sale as one parcel. This is an above-average property that has been owned and operated by the same family for several years. A unique opportunity to purchase a quality and good producing farm that is located 3 miles of Highway 21 along the Mahaska-Keokuk County line. The farm has an 64.5 CSR2 and will be available for the 2022 crop year.

Download Attachments: 

Listing Info & Photographs

Bid Form

Seller: Kitzmann Farm

(Requires Adobe Reader)

Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

$4,186/year

FSA Data

Farm Number: 4235

Tract Number:  2702

Cropland Acres: 150.99

Corn Base Acres: 99.1

Corn PLC Yield:  154

Soybean Base Acres: 1.4

Soybean PLC Yield:  44

Oat Base Acres: 9.2

Oat PLC Yield: 61

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

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

Legal Description

160 acres m/l in the Southeast ¼ of Section 24, Pleasant Grove Township (24-77N-14W), Mahaska County, Iowa. (exact legal description will be determined from abstract)

Property Location

From Gibson, travel south on 110th Avenue for 2 miles and turn right onto 140th Street. Continue west on 140th Street 1 mile and the subject property will be located on the north side of the gravel road. Look for the Iowa Land Sales & Farm Management For Sale signs 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 will be solely at the 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 December 10th, 2021. Balance of purchase price payable in cash or guaranteed check at closing.  Possession will be granted to the buyer at closing and the cropland will be available for the 2022 crop year.

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.