Grundy County, Iowa 194 +/- Acres Farmland Auction | 2 Tracts

Grundy County Farmland auction – SOLD

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

LOCATION and QUALITY….. Here’s your chance to own some of the best dirt the state has to offer! It’s no secret that Grundy County produces some of Iowa’s best yields year after year. Located in the heart of Grundy County, sits this high quality farm located 5 miles southeast of Grundy Center, Iowa. Two miles south of Highway 175 with Hwy T47 hard surface access. The farm lies in as strong of an agriculture area as you’ll find, only 5 miles southeast of Grundy Center, Iowa. 2 miles southwest of Morrison, Iowa, and 5 miles west of Reinbeck, Iowa. These outstanding 186.71 +/- acres of prime farmland will be offered for sale at live public auction! The auction will be on November 18th, 2022 at 1:00pm in Reinbeck, Iowa at the Memorial Building. Online bidding will be available.  

Iowa Land Company is honored to represent and offer this high quality farmland for sale owned by Martha Cheeseman Family Trust and Harry Cheeseman Estate. The farms will be offered for sale as two tracts on November 18th, 2022 (see below for per tract details). Full possession will be March 1st, 2023. Tama silty clay loam is the majority soil type located across nearly the entire length of this farm! Tract #1 has an outstanding 92.6 CSR2 and tract #2 has a fantastic 88.8 CSR2.  A survey has been completed on the farm. The multipliers will be tract 1 – 88.18 and tract 2 – 98.53 acres. 

Hard surface roads Hwy T47 and Hwy 175 make grain transportation routes extremely accessible and provide multiple options for the new buyer.

Grundy County farmland doesn’t come available often. Here is your chance to acquire a highly productive farm. Join us and name your price November 18th at 1:00pm. For more information on this Grundy County auction, call Land Agent Nick Skinner at 515-650-0974 or Land Broker Cody Skinner at 515-443-6343.

Farm Information 

  • Located in Southeast Grundy County
  • Located 5 miles Southeast of Grundy Center, Iowa
  • Located 2 miles southwest of Morrison, Iowa
  • Located 5 miles west of Reinbeck, Iowa. 
  • Located on hard surface Highway T47 and 260th Street (E Reinbeck Street)
  • Great road access on two sides of this farm 
  • Majority soil type is Tama Silty Clay Loam

Tract 1 Information

  • 88.18 +/- Net Acres (Survey has been completed, this will be the multiplier)
  • 88.18 +/- FSA NHEL Cropland Acres
  • 92.6 CSR2
  • Base Acres
    • TBD Corn
    • TBD Soybean
  • PLC Yield
    • TBD Corn
    • TBD Soybeans

Tract 2 Information

  • 98.53 +/- Net Acres (Survey has been completed, this will be the multiplier)
  • 98.53 +/- FSA NHEL Cropland Acres
  • 88.8 CSR2
  • Base Acres
    • TBD Corn
    • TBD Soybean
  • PLC Yield
    • TBD Corn
    • TBD Soybeans

Sellers: Martha Cheeseman Family Trust and Harry Cheeseman Estate

Auction Date: November 18th, 2022

Auction Time: 1:00 PM

Auction Location: Reinbeck Memorial Building

Auction Address: 208 Broad St, Reinbeck, IA 50669

Sale Method: The farm will be sold as two tracts via buyer’s choice at live public auction with online and phone bidding available.

Farm Lease: The farm is leased for the 2022 agriculture season. The 2023 agriculture lease is open. Full possession will be March 1st, 2023.

Survey: Both farms will be surveyed prior to closing date at the seller’s expense. The multiplier for each tract will be the net surveyed acres found on the survey.

Purchase Agreement: Immediately upon conclusion of the auction, if the seller’s reserve amount has been met, 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: Full possession once closed on the property will be March 1st, 2023.

Farm Closing:  January 5th, 2023

FSA Information: Call Land Agent Nick Skinner or Land Broker Cody Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best knowledge of the 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 owned by the seller 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 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. You must sign up for online bidding at least 24 hours before the sale unless special arrangements have been made with Iowa Land Company. 

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  

186.71 +/- net acres located in Grundy County, Iowa Washington Township, Section 27. Exact legal description will come from the abstracts.

Taxes:

Tract 1 – TBD

Tract 2 – TBD

From Reinbeck, Iowa

  • Head west out of town on HWY 175 for 1 mile
  • Take a slight left onto 260th Street and continue for 4.5 miles
  • Farms will be on the south side of 260th Street
  • See Signs
PROPERTY AERIAL
LAND AGENT
Nick White shirt profile pic
Nick Skinner
Land Agent
Cody White shirt profile pic
Cody Skinner
Land Broker
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