Fremont County Farmland Auction – Sold
Located in central Fremont County, near Riverton, Iowa sits these three farms consisting of 67.51+/- acres, 74.34+/- acres, and 38.00 +/- acres. These 179.85 +/- acres of farmland will be offered for sale at live public auction with online bidding available! The auction will be on April 9th, 2024 at 1:00pm at the Elks Lodge in Shenandoah, Iowa.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Strom Phyllis J Revocable Living Trust. The farmland has been owned by the same family for well over 100 years. The farms will be offered for sale in three separate tracts; Tract 1 – 67.51+/- acres and Tract 2 – 74.34+/- Tract 3 – 38.00 +/-. Per tract agricultural information is listed below. The farm is leased for the 2024 farming season, the Buyer(s) will retain the 2024 cash rent. Full possession will be March 1st, 2025. Fremont County farmland doesn’t come available often. Here is your chance to acquire a farm that is well taken care of, with above average CSR2 averages in a sound farming community. Join us and name your price April 9th at 1:00pm. For more information call Land Broker Cody Skinner today or Land Agent Nick Skinner
Tract 1
- 67.51 +/- Taxable Acres
- 61.90 +/- FSA Cropland Acres
- 71.7 CSR2 Average
- Established waterways throughout the farm
- Beautiful Iowa rolling farmland
- Century Farm
Tract 2
- 74.34 +/- Taxable Acres
- 64.49 +/- FSA Cropland Acres
- 78.6 CSR2 Average
- Very nice Marshall silty clay loam 95 CSR2 ridge along the road of this farm
- Century Farms
Tract 3
- 38.00 +/- Taxable Acres
- 37.35 +/- FSA Cropland Acres
- 73.8 CSR2 Average
- Nice laying compact farm
- Century Farms
Auction Date: April 9th, 2024
Auction Time: 1:00 PM
Auction Location: Elks Lodge in Shenandoah, Iowa.
Auction Address: 709 S Fremont St, Shenandoah, IA 51601
Sale Method: The farm will be sold as three tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract(s) (Tract 1, Tract 2, and or Tract 3) they desire, they also have the option to purchase any combination of tracts 1-3 the opening round of bidding.
Farm Lease: The 2024 agricultural possession is leased. Full possession is March 1st, 2025 per tenant’s rights. Buyer(s) will be entitled to the full 2024 farm income.
Survey: A survey will not be completed. We are selling the farm using taxable 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 settlement company trust account. Remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing and full possession March 1st, 2025.
Farm Closing: May 15, 2024
FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner or 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.
Mineral Rights: All mineral rights owned by the seller will be conveyed to the buyer at closing.
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 Agent Nick Skinner or Land Broker Cody 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.
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
Tract 1 – 67.51 +/- Taxable Acres located in Fremont County, Riverton township, section 31.
Tract 2 – 74.34 +/- Taxable Acres located in Fremont County, Madison township, section 2.
Tract 3 – 38.00 +/- Taxable Acres located in Fremont County, Madison township, section 3.
Taxes:
Tract 1 – $1,836 Annually Estimated
Tract 2 – $2,270.51 Annually Estimated
Tract 3 – $1,082 Annually Estimated
Tract 1 – From Riverton, Iowa
- Take L68 (Just east of Riverton) 2 miles south.
- Turn right or go west on 270th st
- Travel on 270th st 1.5 miles
- The southeast corner of the property is located on the north side of the road
- Upcoming auction sign is located at the field entrance
Tract 2 – From Riverton, Iowa
- Take J46 2 miles east
- Turn right on 350 the Ave
- Travel on 350th Ave for 2 miles
- The northwest corner of the property is at the southwest corner of 350th ave and 270th st intersection
- Upcoming auction sign is located at the field entrance
Tract 3 – From Riverton, Iowa
- Take J46 2 miles east
- Turn right on 350 the Ave
- Travel on 350th Ave for 3 miles
- The east property line lies along 350th Ave.
- Upcoming auction sign is located at the field entrance on the west side of 350th Ave
