Poweshiek County Land Auction – SOLD




Map

SOLD Tract #1: $270,000 or $13,500/acre Tract #2: $396,000 or $6,600/acre

80 acres of quality, Iowa farm land located in Poweshiek County. The farm will be sold in 2 different tracts or as one unit. Tract #1 will consist of approximately 20 acres m/l with a house and pond. Tract #2 will consist of approximately 60 acres m/l with a wind lease attached to it. Tract #3 will consist of Tract #1 and #2 combined. The farm represents an excellent opportunity to own an acreage with a pond in a beautiful Iowa country setting, and is currently scheduled to receive a wind turbine with the associated income stream. Farm lease has been terminated and the farm is available for the upcoming growing season.

Offered in 3 Tracts –

  • Tract #1 – 20 acres m/l with house and pond
  • Tract #2 – 60 acres m/l
  • Tract #3 – 80 acres m/l or Tract #1 & #2 combined

*If farm is sold in two separate tracts, survey will be at owner’s expense. 

House and Pond:

Everything you could ask for – a must-see home with 2,352 square feet of living area, a large loft, open floor plan, covered porch and patio with a fire pit which overlooks a 2 acre pond. Open house to see the property will be held July 17th and 19th from 6 – 8 PM. Make time to see this one! Please click here to view assessor information.

Download Attachments:

Listing Info & Photographs

Photographs of the House

Wind Energy Lease

Wind Energy Lease Amendment

Site Plan with Map

Wind Lease: The farm is currently under a wind energy lease agreement, and is scheduled to receive a 2 MW turbine. This is in no way a guarantee, as Phase 2 of the North English Farms project has not been finalized. Please see attached documentation.

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Contact an Agent Today

Matt Mann

Matt Mann

Vince Johnson

Vince Johnson

Taxes, FSA Data & Property Info

Estimated Net Taxes

$3,358 - These are for the entire farm or Tract #3. For Tract #1 and #2, taxes will be adjusted accordingly at closing if sold in 2 separate tracts.

FSA Data

  • Total acres - 80
  • Total cropland - 68.27
  • Corn Base acres - 23.3
  • PLC corn yield - 132
  • Bean base acres - 49
  • PLC bean yield - 49
  • Oat base acres - 1.3
  • PLC oat yield - 60

*FSA information will be reconstituted if property is sold in two separate tracts. 

Please see attached FSA - 156EZ form.

Property Location

Sales Terms & Announcements

Method: Property will be offered for sale in three different tracts. 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 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 before September 20, 2018. Balance of purchase price payable in cash or guaranteed check at closing. Possession granted to the new buyer at closing as pertains to the house.  Possession will be granted to the new buyer(s) after current tenant removes crop.

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.