Grundy County, Iowa 199.62 +/- Acres Farmland Auction | 2 Tracts

Grundy County Farmland auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Located in Grundy County, these two high quality farms are located three to six miles southwest of Parkersburg, Iowa in Pleasant Valley Township Section 12 and 17. These outstanding 199.62 +/- acres of prime farmland that will be offered for sale at live public auction! The auction will be on June 7th, 2022 at 1:00pm in Dike, Iowa at the Fox Ridge Golf Club. Online bidding is available.  

Iowa Land Company is honored to represent and offer this high quality farmland for sale owned by Joan and Michael Trebon & Janet Lockett. The two farms will be offered for sale; 121.79 +/- acres and 77.83 +/- acres on June 7th, 2022. Per tract agricultural information is listed below. These farms drain extremely well and have tile in place where needed, see tile maps above. The farms are leased for the 2022 growing season and full possession will be March 1st, 2023. Primary soil types are Dinsdale, Kenyon, Klinger, and Maxfield silty loam soils. 

These farms are located between Parkersburg, Wellsburg, and Cleves making grain transportation routes extremely accessible and providing multiple options for the new buyer.  

Grundy County farmland doesn’t come available often. Here is your chance to acquire two well taken care of farms with 90 plus CSR2 averages, tile in place and with highly productive tillable acres. Join us and name your price June 7th at 1:00pm. For more information call Land Broker Cody Skinner or Nick Skinner today.

Farm Information

Tract 1 121.79 +/- Gross Acres

  • 120 +/- FSA NHEL Cropland Acres
  • 92.3 CSR2
  • Great amount of tile exists on this farm, tile maps coming soon
  • Tract 1 buyer will receive $18,000 September 1, 2022 for 2022 cash rent. 
  • Base Acres
    • 101.90 Corn
    • 18.00 Soybean
  • PLC Yield
    • 171 Corn
    • 50  Soybeans

Tract 2 77.83 +/- Gross Acres

  • 76.13  +/- FSA NHEL Cropland Acres
  • 90.8 CSR2
  • Tile maps available in attached documents above for this farm 
  • Tract 2 buyer will receive $11,400 for 2022 cash rent credit at closing. 
  • Base Acres
    • 38.10 Corn
    • 38.00 Soybean
  • PLC Yield
    • 184 Corn
    • 54 Soybeans

Auction Date: June 7th, 2022

Auction Time: 1:00 PM

Auction Location: Fox Ridge Golf Course in Dike, IA 

Auction Address: 355 Country Club Ln, Dike, IA 50624

Sale Method: The farm will be sold as two tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract they desire, they also have the option to purchase multiple or all tracts.

Farm Lease: Full possession is March 1st, 2023. Buyer will receive 50% of the cash rent for each tract. Buyer will receive $18,000 September 1, 2022 for 2022 cash rent for tract 1. Buyer will receive $11,400 cash rent credit at closing for tract 2.

Survey: Tract 1 has been surveyed at the sellers expense. Tract #2 will not be surveyed.

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 full possession March 1st, 2023.

Farm Closing: July 22nd, 2022

FSA Information: Call Land Broker Cody Skinner or Land Agent Nick 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 Broker Cody Skinner or Land Agent Nick 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  

199.62 +/- gross acres located in Grundy County, Iowa Pleasant Valley Township, Section 12 & 17. Exact legal description will come from the abstracts.

Taxes:

Tract 1 – $4,218 annually est.

Tract 2 – $2,608 annually est.

Tract 1 – From Parkersburg, Iowa

  • Go south on HWY 14 for 3 miles
  • Turn right on 120th Street and continue for 2 miles
  • Farm will be on the north side of the road. 
  • See signs

Tract 2 – From Parkersburg, Iowa

  • Go south on HWY 14 for 4 miles
  • Turn right on 130th Street and continue for 6 miles
  • Farm will be on the north side of the road. 
  • See signs
PROPERTY AERIAL
LAND AGENT
Cody White shirt profile pic
Cody Skinner
Land Broker
Nick White shirt profile pic
Nick Skinner
Land Agent
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