Cherokee County Farmland auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is pleased to present the Daniel Lundy farm sale in east central Cherokee County, Iowa. The farm consists of 40 +/- acres, located east of Cherokee, Iowa right off of Highway 3 and is situated in Section 33 of Afton Township. The farm will be offered at a public auction on January 4th, 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 40 +/- acres, with 37.15 +/- acres considered cropland acres. The cropland is Classified as NHEL farmland. The farm has a 83 CSR2 weighted average. with Marcus silty clay loam, being the majority soil type on the farm. Chicken litter was applied for the 2024 cropping year. The new buyer will reimburse the seller for the cost of fertilizer ($6,520) at closing (contact brokers for details/Invoice) The farm has an open lease for the 2024 cropland season. A recent fertility report was done on the farm contact Matt or Luke Skinner to request a copy.
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/ Auctioneer Luke Skinner at 515-468-3610 for more information on this Cherokee County Land Auction.
Farm Information
- 40 +/- Acres
- 37.15 +/- Cropland Acres
- 83 CSR2
- Solid producing farm
- Strong farming area
- Highly tillable farmland
- HWY 3 access
Base Acres
Corn – 18.59
Soybeans – 18.56
PLC Yield
192 – Corn
52 – Soybeans
Auction Date: January 4th, 2024
Auction Time: 1:00PM
Auction Location: Iowa Land Company Office
Sale Method: The farm will be sold at public auction via online bidding only
Farm Lease: The farm has an open lease for 2024.
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: Tuesday February 20th, 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 have a bid number 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, 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
40 +/- acres located in Cherokee County, Iowa Afton Township, Section 33. Exact legal description will come from the deed.
Taxes:
$1,026 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Cherokee, Iowa
- Go west on HWY 3 3.5 miles.
- Farm signage will be on south side of HWY 3
