Boone County, Iowa 55.18 +/- Acre Online Farmland Auction

Boone County online Farmland auction – SOLD

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is pleased to present the Stacey Elam & Shawn Oviatt farm sale in central Boone County, Iowa. The farm consists of 55.18 +/- acres, located south of Boone, Iowa right off of Magnolia Road and is situated in Section 31 of Marcy Township. The farm will be offered at a public auction on February 15th, 2024 at 1:00PM via online bidding online. The farm will be offered as a one tract option. This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to purchase quality farmland acres in an area where farmland does not come available to the public often! The farm consists of 55.18 +/- acres, with 54 +/- acres considered cropland acres. The cropland is Classified as NHEL farmland. The farm has a 87.4 CSR2 weighted average. with Canisteo clay loam and Nicollet loam, being the majority soil types on the farm. This farm offers exceptional soils for productive harvest in the years to come! The farm has a Conservation Reserve Program contract in place until date: 9/30/2026.

Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/ Auctioneer Luke Skinner at 515-468-3610 for more information on this Boone County Land Auction. 

Farm Information

  • 55.18 +/- Acres
  • 54 +/- Cropland Acres 
  • 87.4 CSR2 
  • Solid Producing Farm 
  • Strong Farming Area
  • Highly Tillable Farmland
  • HWY Access
  • Drainage Intakes And Tile In Place

CRP Information

  • CRP Contract Annual Payment- $17,431.20 +/- Annually or $322.80 / Per Acre
  • Conservation Reserve Program contract in place until date: 9/30/2026.

Auction Date: February 15th, 2024

Auction Time: 1:00PM

Auction Location: Iowa Land Company Office (Urbandale Iowa) 

Sale Method: The farm will be sold at public auction via online bidding only

Farm Lease: The farm has an open lease for 2024. Subject to CRP contract terms in place. 

Survey: No survey will be provided for the purpose of the sale. 

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. Open lease 2024.    

Farm Closing: March 29th, 2024.  

FSA Information: Call Land Broker/Auctioneer Luke Skinner or Land Broker Matt 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 if any.

Bidder Registration: All active bidders must be registered prior to bidding on the farm. All bidders must be registered online to bid on the farm. 

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  

55.18 +/- acres located in Boone County, Iowa Marcy Township, Section 31. Exact legal description will come from the deed.

Taxes:

$1,488 +/- Annually Estimated. Taxes to be prorated on the date of closing.

Boone County, Iowa

  • Go west on HWY 30 3.5 miles. 
  • At the intersection of HWY 30 and L. Ave go south on L Ave. 5 miles
  • At the intersection of L. Ave and 270th st. go East 2 miles
  • At the intersection of 270th and Magnolia Road go south 1/2 mile
  • Farm signage will be on West side of Magnolia Road
PROPERTY AERIAL
LAND AGENT
Matt Agent Photo Background
Matt Skinner
Land Broker
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Luke Skinner
Land Broker / Auctioneer
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