Wapello County Simulcast Land Auction – SOLD

Bid now

SOLD for $1,113,900 total or $14,100/acre

Live Auction Details: Thursday, June 22, 2023 @ 10 a.m. | Fremont Community Center, 215 E Main Street, Fremont, Iowa 52561

Description: 79 acres m/l of Wapello County land is being offered for sale as an individual tract. This is an exceptional farm, pattern tiled, with an 85.8 CSR2, located 2 miles north of the Ottumwa Regional Airport. The farm will have an open lease for the 2024 crop year, with closing scheduled for early November of 2023.

Click here to view: Wapello County Simulcast Land Auction Brochure > 

(Requires Adobe Reader)

Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Tessa Geiger

Tessa Geiger

Taxes, FSA Data & Property Info

Estimated Net Taxes


FSA Data

Farm Number: 5551
Tract Number: 7129
Cropland Acres: 79.0
Corn Base Acres: 45.70
Corn PLC Yield: 122 bu./acre
Soybean Base Acres: 32.90
Soybean PLC Yield: 52 bu./acre
2023 Farm Program Election: Corn and Soybeans are enrolled under the ARC County farm program.
*Information is estimated pending reconstitution of farm by the Wapello County FSA Office.

Legal Description

Wapello County – 79 acres m/l located in the E ½ of the NE ¼ in Section 10, Township 73 North, Range 14 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. 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.

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 November 1, 2023. 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.

To register and bid online:

Online bidding will begin Thursday, June 15th, at 10 am. The live auction will begin at 10 am on Thursday, June 22nd, 2023, and online bidding will be simultaneous, concluding at the end of the live auction.

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.