Calhoun County, Iowa 260.71 +/- Acres Farmland Auction | 4 Tracts

Calhoun County Farmland auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is honored to represent the Pauline Walters Farmland Estate in Calhoun County, Iowa located 3.5 miles Northeast of Rockwell City, Iowa. The farm will be offered at public auction on July 8th, 2021 at the Twin Lakes Golf Club near Rockwell City @12pm. We will offer the farm in four tracts on the day of sale, per the buyer’s choice method. This is a great opportunity for local farmers to expand their current farming operation and gives farmland investors the ability to buy well taken care of farmland acres! Tract 1 will be offered as 119.31 acres, with 114.66 +/- acres considered cropland acres, which are currently in row crop production and CRP. This tract consists of gently rolling farmland with great natural water drainage. The CSR2 average is 87.1 which is above the county average. Webster and Canisteo clay loam soils make up the majority of the soil on tract 1. Tract 2 consists of 82 acres, with 76.95 +/- acres considered cropland acres which are currently in row crop production and CRP. The CSR2 average is 86.4 with Webster, Nicollet and Clarion clay loam soils making up the majority of the tillable acres. Tract 3 consists of 35 acres, with 33.55 +/- acres considered cropland acres which are currently in row crop production and CRP. The CSR2 average is 82.4 with Webster, Nicollet and Canisteo clay loam soils making up the majority of the tillable acres. Tract 4 consists of 24.40 acres, with 24.25 +/- acres considered cropland acres which are currently in row crop production and CRP. The CSR2 average is 84.2 with Canisteo, Nicollet and Clarion clay loam soils making up the majority of the tillable acres. The farm is currently leased for the 2021 growing season; full possession will be March 1st, 2022. Buyers will receive a $125 credit at closing for all total tillable acres on each tract purchased. CRP income will be prorated at closing.   

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

Tract 1 – 119.31 +/- Acres

  • 114.66 +/- Cropland / CRP Acres | 87.1 CSR2
  • 4.80 Acres Of CRP X $247.20 per acre, Expiring 10/1/2024  
  • PLC Yield
    • 154 Corn
    • 47 Soybeans
  • Taxes – $3,277 est.

Tract 2 – 82 +/- Acres

  • 76.95 Cropland  / CRP Acres | 86.4 CSR2
  • 4.40 Acres Of CRP X $326.30 per acre, Expiring 10/1/2024   
  • PLC Yield
    • 154 Corn
    • 47 Soybeans
  • Taxes – $ 2,282 est.

Tract 3 – 35 +/- Acres

  • 33.55 Cropland  / CRP Acres | 82.4 CSR2
  • 5.0 Acres Of CRP X $326.30 per acre, Expiring 10/1/2024   
  • PLC Yield
    • 154 Corn
    • 47 Soybeans
  • Taxes – $952 est. 

Tract 4 – 24.40 +/- Acres

    • 24.25 Cropland  / CRP Acres | 84.2 CSR2
    • 16.21 Acres Of CRP X $326.30 per acre, Expiring 10/1/2024   
    • PLC Yield
      • 154 Corn
      • 47 Soybeans
    • Taxes – $665 est

Auction Date: July 8th, 2021

Auction Time: 12:00 PM

Auction Location: Twin Lakes Golf Club

Auction Address: 2289 S Twin Lakes Road, Rockwell City, IA 50579

Sale Method:The farm will be sold as 4 tracts at live public auction per buyer’s choice method.

Farm Lease: Farm is leased for 2021. Possession March 1st, 2022.

Survey: No survey will be provided; we are selling deeded acres.

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: The farm is rented for the 2021 farming season. Buyer will receive full possession March 1st, 2022  

Farm Closing: September 8th, 2021

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 seller and Iowa Land Company. All information is subject to change. Farm will be subject to a new FSA conservation plan.

Mineral Rights: All mineral rights will convey 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 Matt Skinner or Land Broker Luke 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. You must sign up for online bidding at least 48 hours before the sale. 

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, it’s 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  

260.71 +/- deeded acres located in Calhoun County, Iowa Center Township, Section 22, 23. Exact legal description will come from the deed.

Taxes:

Tract 1 – $3,277 est.

Tract 2 – $2,282 est.

Tract 3 – $952 est.

Tract 4 – $665 est.

From Rockwell City, Iowa

  • Go east on 270th Ave 3.0 miles
  • Turn north on Sigourney Ave and continue for 1 mile
  • Farm will be on the west and east side of the road, sale signs will be along road
PROPERTY AERIAL

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