Wapello County Online Land Auction – SOLD

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SOLD for $6,800/acre or $601,120 total.


Description: Excellent opportunity to own hunting/timber ground with income potential via CRP acres. This is the perfect setting in Wapello County, Iowa located on Highway 16 north of Eldon. The property includes a nice home with a detached garage and pole shed. If that’s not enough, the farm and house are conveniently located near the Cardinal Community School District. It is hard to find mixed-use properties much nicer than this with so many positive attributes, truly one of a kind.

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Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Tessa Geiger

Tessa Watts

Taxes, FSA Data & Property Info

Estimated Net Taxes

$2,546/year

FSA Data

Forest Reserve Program
39.83 acres of Timber is enrolled in the Forest Reserve Program.

Corn Suitability Rating
CSR2: 32.5 on Entire Farm per AgriData
CSR2: 53.1 on CRP per AgriData

Conservation Reserve Program
Farm Number: 743
Tract Number: 1685
Contract Number: 11685
Field Number: 5, 10, & 11
Acres Enrolled: 28.27
Rental Rate per acre: $210.00
Total Payment: $5,937.00
Expiration: September 30, 2032

100% of the 2024 CRP payment will be paid to the new buyer.
Mid Contract Management will be required on CRP fields 10 & 11 and need to be completed by May 14, 2025.

Legal Description

Wapello County – 88.4 acres m/l located in the W ½ of the SW ¼ & PT NW SW SEC 15-71-1 2 COM AT W 1/4 COR S EC 15/E 71' ALG N LN NW SW SEC 15 TO PT OF BEG/CONT E 474.3' ALG N LN/SELY 176.4 ' ALG CURVE TO SLY R OW LN PRIMARY RD IA 16/W 130.4' ALG RO W/WLY 157.1' ALG ROW ALG CURVE/W 361.5' ALG ROW LN/NLY 54.1' ALG CURVE TO PT OF BEG. CONT .72 AC M/L in Section 15; the N ½ of the N ½ of the NW ¼ of the NW ¼ in Section 22; all in Township 71 North, Range 12 West of the 5th P.M., Wapello County, Iowa (Final Legal Description will be determined from abstract).

Property Location

Sales Terms & Announcements

Method: This property will be offered for sale as an individual tract using a timed online-only auction. Iowa Land Sales and its representatives are acting as agents of the seller. Seller reserves the right to reject any and all bids. If a bid is placed with less than 3 minutes left, the time on the auction will extend another 3 minutes. This procedure will continue until no bids are placed within the last 3 minutes of the auction. Bidding will be based on price per acre times the 88.4 acres being sold.

Contract & Earnest Payment: A 10% earnest money payment is required on the day the bidding closes. Earnest payment may be paid in the form of check or wire transfer. 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. The contract will be signed through email or electronic document signature. 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 May 21, 2024. Balance of purchase price payable in cash or guaranteed check at closing. Possession will be granted to the buyer at closing.

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.

To register and bid online:
https://bid.iowalandsales.com/auctions
Timed Online bidding will begin Thursday, April 11th, 2024, at 10 am and will end at 11 am on Thursday, April 18th, 2024.

Online Bidding: When using Iowa Land Sales & Farm Management’s online auction platform, all bidders recognize that the Internet may be unpredictable in performance and may, become inoperative, hinder access, or have slow connection to the online auction platform. All bidders agree that Iowa Land Sales & Farm Management nor its affiliates, members, officers, agents, or contractors are, in any way, responsible for any interference, missed bids, failure of software, or connectivity issues the bidder may experience when utilizing the online auction platform. Iowa Land Sales & Farm Management reserves the right to extend, continue, or close bidding if deemed necessary.

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.