Madison County, IA
145.33 Acres M/L
120th St & Elmwood Ave |
Earlham, IA 50072 |
Listing #13799
Property Info
Description
Offering 145.33 acres m/l of productive Madison County, Iowa farmland for sale via public auction at 10:00 AM on February 15th in Earlham. The farms will be offered in two separate tracts through the method of "Buyer's Choice." See Auction Terms & Conditions below for more information and continure scrolling for individual tract maps and information.
Legal Description
Scroll down for Tract 1 and Tract 2 legal descriptions.
Directions
Tract 1: From Earlham, travel south out of town on NW Walnut Ave/Earlham Rd/Co Hwy P57 approximately one mile to 120th Street. Turn west onto 120th Street and continue approximately 1.25 miles. Tract 1 is situated on the north side of 120th Street.
Tract 2: From Earlham, travel south out of town on NW Walnut Ave/Earlham Rd/Co Hwy P57 approximately one mile to 120th Street. Turn west onto 120th Street and continue 2 miles to Elmwood Avenue. Turn south on Elmwood Avenue and continue approximately 0.6 miles. Tract 2 is situated along the east side of Elmwood Avenue.
- Sign On Property: Yes
- School District: Earlham
- General Area: Southwest of Earlham
- Net Taxes: $2,964.00
- Online Bidding: Yes
- Auction Date: Feb 15, 2017
- Possession: At Closing
- Terms: Conventional, Cash
Bid Online
Auction Details
Madison County Land Auction
145.33 Acres M/L
Wednesday, February 15, 2017
10:00 AM
Earlham Community Building
150 E 1st Street
Earlham, IA 50072
Sale Method: Tracts 1 and 2 will be offered via “Buyer’s Choice.” After the first round of bidding is complete, the high bidder will have his/her choice of either or both Tracts 1 and 2. If the high bidder elects to purchase either Tract 1 or Tract 2 but not both, then the other tract will be offered. The farm will not be combined nor offered in its entirety at the conclusion of the auction.
Farm Program Information: Farm Program Information is provided by the Madison County Farm Service Agency and does not reflect recent changes in ownership. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, tillable acres, etc. are subject to change when the farms are reconstituted by the Madison County Farm Service Agency.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.
Closing: Closing will occur on or about Wednesday, March 15, 2017. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.
Possession: Possession of the farm will be granted at closing.
Farm Lease: The current lease has been terminated. Farm will be open for the 2017 season.
Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.
Interactive Map
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Tract 1 - 120th St & Elmwood Ave, Earlham, IA 50072
Description
Tract 1 consists of 107.2 total acres m/l which approximately 88.27 tillable acres carrying a CSR2 of 77.1 (CSR of 72.9). Over 86% of the tillable soils are Sharpsburg and Macksburg with a CSR2 greater than 80. Farm also includes 10.4 acres currently enrolled in CRP paying $1,726 annually and expiring in 2020. CRP contract types are CP33 and CP8A. This tract also includes approximately 4,300 linear feet of tile (see Tile Map). In addition, there are several locations on this tract that would accommodate a great building site with income from tillable acres and located just a short distance from the Des Moines Metro. A new farm entrance has been approved by Madison County along 120th Street. Buyer will be responsible for construction of entrance. Tract 1 is located in Section 11 of Penn Township. Contact Agent(s) for details regarding CRP contracts and/or tile.
Legal Description
107.2 acres m/l in the Southeast Quarter of Section 11, Township 77 North, Range 29 West of the 5th PM in Madison County, Iowa. Exact legal description to be taken from abstract.
Details
- Acres: 107.00 Acres M/L
- Net Taxes: $2,082.00
- CSR2: 77.00
Directions
From Earlham, travel south out of town on NW Walnut Ave/Earlham Rd/Co Hwy P57 approximately one mile to 120th Street. Turn west onto 120th Street and continue approximately 1.25 miles. Tract 1 is situated on the north side of 120th Street.
Tract 2 - 120th St & Elmwood Ave, Earlham, IA 50072
Description
Tract 2 consists of 38.13 total acres m/l which includes approximately 35.43 tillable acres carrying a CSR2 of 79.5 (CSR of 73.6). Over 83% of the tillable soils are Sharpsburg with a CSR2 greater than 80. This tract also has the potential to be an excellent building site/acreage with income from highly productive cropland, close to the Des Moines Metro. Tract 2 is located in Section 14 of Penn Township. Contact Agent(s) for a copy of the Plat of Survey for Tract 2.
Legal Description
38.13 acres m/l in the North Half of the Southwest Quarter of Section 14, Township 77 North, Range 29 West of the 5th PM in Madison County, Iowa. Exact legal description to be taken from abstract.
Details
- Acres: 38.00 Acres M/L
- Net Taxes: $882.00
- CSR2: 79.00
Directions
From Earlham, travel south out of town on NW Walnut Ave/Earlham Rd/Co Hwy P57 approximately one mile to 120th Street. Turn west onto 120th Street and continue 2 miles to Elmwood Avenue. Turn south on Elmwood Avenue and continue approximately 0.6 miles. Tract 2 is situated along the east side of Elmwood Avenue.
Video
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Photos
Tract 1 Photos
Tract 2 Photos
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