Buchanan County, IA

Michel Avenue / 280th Street
Rowley, IA 52329

109.20 Acres M/L

Listing #: 14430

M&D Seamans Family Trust

Agents

Bid Now!

PROPERTY INFO

Description

Offering 109.2 acres m/l of high quality Buchanan County, Iowa farmland to be sold at public auction on Tuesday, March 19, 2019 at the Rowley Community Center in Rowley. The farm will be offered in two tracts through the "Buyer's Choice" sales method. Tract 1 consists of 56.52 acres m/l with 52.70 acres FSA tillable acres carrying a CSR2 of 88.4. Tract 2 consists of 52.68 Acres m/l with 49.42 FSA tillable acres carrying a CSR2 of 87.0. Both farms are located just Northeast of Rowley, Iowa with Tract 1 in Section 1 of Homer Township and Tract 2 in Section 6 of Cono Township.

Legal Description

The East 56.52 Acres of the NE 1/4 of Section 1, Township 87, Range 9 West of the 5th P.M. AND the West 52.68 Acres of the NW 1/4 of Section 6, Township 87, Range 8 West of the 5th P.M., all in Buchanan County, Iowa, subject to easements and public roads of record. Exact legal to be taken from abstract.

Directions

From Rowley: Travel east on 290th Street / County Road D47 for 1/2 mile to Michel Avenue. Head north on Michel Avenue for 1/2 mile. Tract 1 is located on the west side of the road and Tract 2 is located along the east side of the road.

Additional Info:

Farm Program Details:
Total Base Acres: 102.12
Corn Base:  90.50 Base Acres
Bean Base: 11.62 Base Acres

Tract 1 contains 1.01 Acres of CRP enrolled into a CP8A program expiring in 2025 and paying $391 annually.

Details

  • Sign On Property: Yes
  • MLS Number: 576101
  • Parcel Number: 14.01.200.004, 14.01.200.005, 15.06.100.001 & 15.06.100.004
  • School District: Independence Community School District
  • General Area: Rowley, Iowa
  • Net Taxes: $3,306.00
  • Online Bidding: Yes
  • Auction Date: Mar 19, 2019
  • CSR2: 87.70
  • Possession: Early possession available, contact Agent for details.

Auction Details

Buchanan County Land Auction
109.2 Acres M/L
Offered in Two Separate Tracts
Tuesday, March 19, 2019
10:00 AM

Sellers:
M&D Seamans Family Trust

Auction Location:
Rowley Community Center
109 Ely Street
Rowley, Iowa 52329

Auction Method: Farm will be offered in two individual tracts and will be offered through the auction method of ‘Buyer’s Choice’. All bids will be on a price per acre amount.

Farm Program Information: Farm Program Information is provided by the Buchanan County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Buchanan County FSA and NRCS offices.

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 the Trust Account of Craig Wilson & Flickinger, Attorneys At Law.

Closing: Closing will occur on or about Friday, April 19, 2019. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Early possession of each tract will be allowed once the 10% earnest money payment has been deposited and proof of liability insurance is provided by the Buyer.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2019 season. CRP payment on Tract 1 will be prorated to the date of closing.

Fall Tillage Payment: Fall tillage has been completed on each tract. A payment of $24/acre will be due from the Buyer(s) at closing for work completed. Tract 1 tillage payment due is $1,240.56 and the Tract 2 payment due is $1,186.08.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Craig Wilson & Flickinger, Attoneys at Law 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.

Location


Tract 1Michel Avenue / 280th Street, Rowley, IA 52329

Description

Tract 1 consists of 56.52 acres m/l of which 52.7 acres are FSA tillable and carry a CSR2 of 88.4. Soil types include Readlyn, Clyde-Floyd, and Kenyon Loams. Tract includes 1.01 acres enrolled in theConservation Reserve Program until 2025 with an annual payment of $391. Farming rights are open for 2019 and early possession will be available to the winning bidder. Farm is located in Section 1 of Homer Township, Buchanan County, Iowa.

Legal Description

The East 56.52 Acres of the NE 1/4 of Section 1, Township 87, Range 9 West of the 5th P.M., in Buchanan County, Iowa, subject to easements and public roads of record. Exact legal to be taken from abstract.

Directions

From Rowley: Travel east on 290th Street / County Road D47 for 1/2 mile to Michel Avenue. Head north on Michel Avenue for 1/2 mile. Tract 1 is located on the west side of the road.

Details
  • Acres: 56.52 Acres M/L
  • Parcel Number: 14.01.200.004 & 14.01.200.005
  • School District: Independence Community School District
  • Net Taxes: $1,714.00
  • CSR2: 88.40
Attachments

Tract 2Michel Avenue / 280th Street, Rowley, IA 52329

Description

Tract 2 consists of 52.68 acres m/l of which 49.42 acres are FSA tillable and carry a CSR2 of 87.0. Soil types include Readlyn, Clyde-Floyd, and Kenyon Loams. Building site could be cleaned up adding an additional 0.53 acres m/l of 90+ CSR2 tillable land. Farming rights are open for 2019 and early possession will be available to the winning bidder. Farm is located in Section 6 of Cono Township, Buchanan County, Iowa.  

Legal Description

The West 52.68 Acres of the NW 1/4 of Section 6, Township 87, Range 8 West of the 5th P.M., Buchanan County, Iowa, subject to easements and public roads of record. Exact legal to be taken from abstract.

Directions

From Rowley: Travel east on 290th Street / County Road D47 for 1/2 mile to Michel Avenue. Head north on Michel Avenue for 1/2 mile. Tract 2 is located on the east side of the road.

Details
  • Acres: 52.68 Acres M/L
  • Parcel Number: 15.06.100.001 & 15.06.100.004
  • School District: Independence Community School District
  • Net Taxes: $1,592.00
  • CSR2: 87.00
Attachments

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PHOTOS

Tract 1 Photos

Tract 2 Photos