Madison County 117.47 +/- Acres Sealed Bid Farmland Sale

madison County Sealed bid sale -SOLD

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Tract Information – 117.47 +/- Gross Acres 

  • 75.12 +/- FSA cropland acres
  • 73 CSR2
  • Farm is leased for 2023 agricultural possession
  • Full possession at closing. Subject to tenants rights 
  • Farm is located in a strong farming area
  • 2 mile west of hard surface pavement CH P53 
  • Located 6 miles southwest of Earlham, Iowa
  • Located 8 miles northwest of Winterset, Iowa
  • PLC Yield and Base Acres (see 156ez document above)
  • The buyer will assume the current lease at closing and buyer will receive the second cash rent payment of $5,160 made payable to the new buyer directly from the current tenant on 12/1/2023.

Sealed Bid Due Date and Time: June 23rd, 2023 5:00 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 June 23rd 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 June 23rd, 2023. 10% earnest money is required with all bids. 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. Buyer to receive the second installment of the cropland rent payable December 1st, 2023. Buyer to assume the cropland lease at closing.

Survey:  No surveys will be conducted prior to closing.

Property / Pasture Possession: Buyer will receive full possession at closing, subject to tenants rights.

Farm Closing: August 1st, 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  

117.47 +/- gross acres located in Madison County, Iowa; Jackson TWP, section 6. Exact legal description will come from the abstract.

Taxes:

$2,072 +/- annually estimated per the county assessor website

From Earlham, Iowa

  • Travel west on 105th st. 3 miles
  • Turn left on CH P53 and go south 5.5 miles
  • Turn right on 160th st. go west 2 miles 
  • Turn left on Creamery Rd. go south .50 miles
  • For sale signs are located on the property
LAND AGENT
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Matt Skinner
Land Broker
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Luke Skinner
Land Broker / Auctioneer
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