Audubon County Farmland auction – sold
PROPERTY DESCRIPTION
Iowa Land Company is absolutely honored to market and represent the “ Captain Charles S. Stuart “ farmland auction in Audubon County, Iowa. Captain Charles S. Stuart was a founding member of Audubon, Iowa. Captain Charles S. Stuart had acquired some 10,000 acres of farmland in the area of Audubon County in the late 1800’s. Over the last century and a half the land hasn’t changed ownership. Today this is the last Captain Charles S. Stuart farm that remains in the family. This farm has quite the history and has not been to the public market for over a century and a half. The farm consists of 233.44 +/- net acres, located 7 miles northeast of Audubon, Iowa. The farm will be offered at a public auction on March 6th, 2024 at 12:00PM at the Audubon Recreation Center Audubon, Iowa. Iowa Land Company will be providing restaurant meals and soft drinks at the auction from 11:30 AM- 1:00 PM. The farm will be offered in one tract. This is a great opportunity for local farmers to expand their current farming operation and to give investors the ability to purchase quality farmland acres in an area with strong tenants and competitive cash rental opportunities. The farm has 222.59 +/- acres considered FSA cropland acres. The farm carries an 78.6 CSR2 value throughout the cropland acres with good productive soils for the area. The farm will be sold with a crop share lease in place for the 2024 growing season. The seller will be crediting the new buyer a $300 per cropland acre at closing. The home and buildings and grain storage will sell with the farmland as a whole. Announcement- An open house/ acreage will be held on March 2nd, 2024 from 10 A.M – 12 P.M for any potential bidders to view the home and buildings.
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/ Auctioneer Luke Skinner at 515-468-3610 for more information on this Audubon County, Iowa Land Auction.
Farm Information
- 233.44 +/- Acres
- 222.59 +/- Cropland Acres
- 78.6 CSR2
- Rolling farmland
- Strong farming area
- Productive soils
Base Acres
Corn – 114.82
Soybeans – 113.08
Total Base Acres- 227.90
PLC Yield
Corn- 157
Soybeans – 44
Auction Date: March 6th, 2024
Auction Time: 12:00PM
Auction Location: Audubon Recreation Center
Auction Address: 703 Southside Ave. Audubon, Iowa 50025
Sale Method: The farm will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The cropland is leased for the 2024 season. Buyer’s responsibility to terminate cropland tenancy if they choose to do so for 2025 crop season and beyond.
Purchase Agreement: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with the seller’s attorney the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.
Earnest Money: 10% earnest money payment is required on the day of the auction. All funds will be held in the sellers’ attorney trust account. Remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing, subject to tenant rights.
Farm Closing: April 23rd, 2024
FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer.
Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must have a bid card to bid on the farm. Call Land Broker/ Auctioneer Luke Skinner or Land Broker Matt Skinner prior to the sale if you are unable to attend the sale but have an interest in the farm. We do have online bidding available or phone bidding.
Terms and Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied by the Seller or Iowa Land Company.
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Iowa Land Company nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Iowa Land Company will take precedence over any previously printed materials or oral statements. Iowa Land Company and Seller reserve the right to preclude any person from bidding if there are any questions as to the person’s credentials or fitness to bid.
Brief Legal Description
233.44 +/- net acres located in Audubon County, Iowa Melville Township, Section 10. Exact legal description will come from the deed.
Taxes:
$10,074 +/- Annually Estimated. Based from the county assessor website. Taxes to be prorated on the date of closing.
From Audubon, IA
- Take 190th ave east out of town for 7.5 miles.
- At the intersection of 190th st. and Pheasant Ave go north 1 mile.
- Farm will be on the east side of the road.
- See for sale signs in place on the farm.
