Marion County land auction – SOLD
PROPERTY DESCRIPTION
Iowa Land Company is honored to represent the Dean Family Farmland Trust in Marion County, Iowa located 2 miles southwest of Knoxville, Iowa. The farm will be offered at public auction on February 17th, 2022 in Knoxville, Iowa and the Cobblestone Hotel & Suites @12pm. The farm will be offered in 4 tracts on the day of sale. This is a great opportunity for local grain farmers, cattle farmers, outdoorsman, and country living buyers to purchase sizable tracts with a ton of diversified land features! Tract #1 will be offered as 4.8 +/- acres, home, outbuildings, and more! A nice acreage ready to live in! Tract #1 will be sold “as is where is” basis. An “ open house” for an acreage tour will be January 29th, 2022 from 1-3PM. Tract #2 consists of 249.46 +/- acres, with 100.33 +/- FSA acres considered cropland acres which are currently in cropland production. The CSR2 average is 63.1 on the cropland acres. The remaining acres on Tract #2 consist of good pasture and timber. Tract #3 consists of 78.64 acres, with 27.72 +/- FSA acres considered cropland acres which are currently in row crop production. The CSR2 average is 52.4 on the cropland acres. Tract #3 would make for a great recreational property with a ton of diversity close to the Des Moines metro! Tract #4 consists of 120 acres, with 61.13 +/- FSA acres considered cropland acres which are currently in row crop production and grass acres. The CSR2 average is 58.9 on the cropland acres. The farmland/pasture currently has an open tenancy for the 2022 cropland/ pasture season; full possession will be the date of closing. Cropland, pasture, timber, creeks, ponds, the Dean Family Trust as a little of everything, you won’t want to miss this one!
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Luke Skinner at 515-468-3610 for more information on this Marion County Land Auction.
Farm Information
**A survey has been completed on the farm. Updated figures are listed below**
- Tract 1 – 4.8 +/- Acres
- Nice home
- Several outbuilds
- 1-½ Story frame built in 1940
- Concrete foundation
- Metal Siding
- 1791 Living Sqft
- Four Bedrooms
- 1-½ Baths
- Large 4 car garage
- Newer 2 car garage
- Large milking barn
- Large machine shed
- Bins for storing grain
- All appliances remain in the house sale
- Sold “As is Where is” basis
- An “open house” for an acreage tour will be January 29th, 2022 from 1-3PM
- Address – 1151 Nixon Street Knoxville, Iowa 50138
- Taxes – $1,400 est.
Tract #2 – 249.46 +/- Acres
- 100.33+/- FSA cropland acres
- 63.1 CSR2
- 140 +/- Acres of pasture and timber draws
- PLC Yield
- 116 Corn
- 40 Soybeans
- Taxes – $ 5,095 est.
- Tract #2 is being surveyed during the marketing period. Gross Acres may change and are subject to the gross surveyed acres when completed.
Tract 3 – 78.64 +/- Acres
- 31.53 +/- FSA cropland acres
- 52.4 CSR2
- PLC Yield
- 116 Corn
- 40 Soybeans
- Timber and wildlife habitat.
- Taxes – $1400 est.
- Tract #3 is being surveyed during the marketing period. Gross Acres may change and are subject to the gross surveyed acres when completed.
Tract 4 – 120 +/- Acres
- 61.14+/- FSA Cropland
- 58.9 CSR2
- PLC Yield
- 116 Corn
- 40 Soybeans
- Timber and wildlife habitat.
- Taxes – $1,791 est.
Auction Date: February 17th, 2022
Auction Time: 12:00 PM
Auction Location: Cobblestone Hotel & Suites
Auction Address: 1212 Eric Dr. Knoxville, IA 50138
Sale Method: The farm will be sold as 4 tracts at live public auction with online bidding and phone bidding opportunities. Tract #1 will sell as a lump sum value. Tract #2, Tract #3, Tract #4 will sell per the buyer’s choice method of sale.
Farm Lease: Cropland / Pasture tenancy is open for 2022. Full Possession the date of closing. There is no hunting lease currently on the property.
Survey: We are selling gross acres on tract #4. Tract #1, #2, #3 is currently scheduled to be surveyed. Tract #1, #2, #3 will sell gross surveyed acres on the day of sale or sold subject to gross surveyed acres, if the survey is not completed by February 17th, 2022.
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 at closing on April 7th, 2022.
Farm Closing: April 7th, 2022
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 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 Matt Skinner or Land Broker Luke 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
453 +/- taxable acres located in Marion County, Iowa Knoxville Township, Section 23 & 26. Exact legal description will come from the deed.
Taxes:
Tract 1 – $1,400 annually est.
Tract 2 – $5,095 annually est.
Tract 3 – $1,400 annually est.
Tract 4 – $1,791 annually est.
From Knoxville, Iowa
- Go south on 14 HWY 1.0 miles
- Turn west on Nixon St. and continue for 1 mile
- Farm will be on the south of the road, sale signs will be along road
- The Level B road 118th Ave is locked on both the North and South end. All property can be accessed without unlocking the gates. Call for a Private Showing.
- 1151 Nixon Street Knoxville, Iowa 50138
PROPERTY AERIAL
LAND AGENT
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