Lee County, Iowa 172.28 +/- Acre Sealed Bid Farmland Sale

Lee County sealed bid sale – October 13th, 2023

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION

Located in Northeast Lee County sits this 172.28 +/- acres of farmland that is offered for sale via sealed bid! All sealed bids shall be submitted to Land Broker Matt Skinner or Land Broker Luke Skinner by October 13th, 2023 by 3:00pm CST.

Iowa Land Company is honored to represent the farmland owned by the Congdon Family (known as the Wever Farm LP). The farm is offered for sale as one tract. The farm offers 172.16 FSA cropland acres and it carries a strong CSR1 rating of 76.3 and a CSR2 rating of 74.6. This farm offers good opportunities for local farmers to expand land holdings in an area where land is held in extremely tight ownership. The farm sale offers investors an opportunity to purchase land in an area active by both industrial growth and active solar project growth in the future. 

The farm is located 1.5 miles south of Wever, Iowa and positioned a few miles South of Burlington, Iowa and North of Fort Madison, Iowa.  

If you’re wanting to expand your farming operation, increase your investment portfolio, or buy your first farm, take a look at this land purchasing opportunity. Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Luke Skinner at 515-468-3610 to request a bid packet or to ask any questions about this sealed bid offering.

Farm Information

  • 172.16 +/- FSA cropland acres
  • 76.3 CSR1 & 74.6 CSR2 soil rating 
  • Farm is leased for 2023 agricultural possession. Farm has a open lease for 2024
  • Full possession at closing. Subject to tenants rights 
  • Farm is located in a strong farming area
  • Pavement access on east side of farm 
  • Located 10  miles south of Burlington, Iowa
  • Located 7 miles north of Fort Madison, Iowa
  • PLC Yield and Base Acres (see 156EZ document above)

Sealed Bid Due Date and Time: October 13th, 2023 3:00 PM CST

Sale Method: Farm will be offered individually via Sealed Bid Sale. Contact Land Broker Matt Skinner or Luke Skinner to request a bid packet. Seller has the right to reject, accept, or counter any and all bids. It’s important to understand, if the seller doesn’t accept the highest dollar amount bid the seller will likely counter offer the highest bid. You should be aware of this while making your bid so you are aware how important it is to be the highest bid prior to October 13th, 2023 at 5pm CST.

Bid Submission Process and Earnest Money: All interested parties are required to make Sealed Bid on purchase agreement form provided by Iowa Land Company. Please print the bid packet per tract above to submit a bid. To be considered, all sealed bids should be delivered to Iowa Land Company Urbandale, Iowa office or emailed to Matt Skinner or Luke Skinner on or before October 13th, 2023. 10% earnest money is required within 5 business days of the accepted bid. Iowa Land Company will notify the winning bidder. Winning bidder earnest money check will be deposited in the seller’s attorney trust account within three business days of being notified their bid was accepted. All funds will be held in the seller’s attorney trust account prior to closing. Remaining purchase price balance will be due at closing. Unsuccessful bidder(s) will be notified their bid was not accepted.

Obtaining A Bid Packet: You can print a bid packet above per tract on our website or reach out to Matt Skinner or Luke Skinner to request one to be mailed to you. 

Farm Lease: The farm is leased for 2023. Cropland has an open tenancy and open lease for the 2024 cropland season.

Survey: No surveys will be conducted prior to closing. 

Farm Possession: Buyer will receive full possession at closing, subject to tenants rights.  

Farm Closing: November 30th, 2023

FSA Information: Call Land Broker Matt Skinner or Land Broker Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of the seller’s and/or Iowa Land Company’s knowledge. All information is subject to change. 

Mineral Rights: All mineral rights owned by the seller will be conveyed to the buyer.

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 prior to the sealed bid process closing 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  

172.28 +/- gross acres located in Lee County, Iowa; Green Bay TWP, section 17. Exact legal description will come from the abstract.

Taxes:

$7,370 +/- annually estimated per the county assessor

From Wever, Iowa 

  • Travel south on HWY 61
  • Turn left on 180th St. do east 1.25 miles
  • Turn right on 190th st. go south .50 miles
  • For sale signs are located on the property
PROPERTY AERIAL
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Matt Skinner
Land Broker
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Luke Skinner
Land Broker / Auctioneer
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