Marshall County, iowa 132.19 +/- Acres – Sold
PROPERTY DOCUMENTS
PROPERTY DESCRIPTION
Located in central Marshall County, west of Marshalltown, Iowa sits these three farms consisting of 30.9+/- net acres, 68.51+/- net acres, and 32.78 +/- net acres. These 132.19 +/- acres of farmland will be offered for sale at live public auction with online bidding available! The auction will be on September 10th, 2024 at 1:00pm at the Marshalltown Community Building located on the north side of Marshalltown also known as Riverview Park Buildings Community Center.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Speas, Thomas W Trust ½ & Speas, Mary Lou Estate ½. The farms will be offered for sale in three separate tracts; Tract 1 – 30.9+/- acres and Tract 2 – 68.51+/- acres, Tract 3 – 32.78 +/-acres. Per tract agricultural information is listed below. The farm is leased for the 2024 farming season, the Seller will retain the 2024 cash rent. Full possession will be March 1st, 2025. Marshall County farmland doesn’t come available often. Here is your chance to acquire a farm that is well taken care of in a location where land doesn’t come for sale often! Join us and name your price September 10th at 1:00pm. For more information call Land Broker Cody Skinner today or Land Agent Nick Skinner.
Farm Details
Tract 1
- 30.9 +/- Taxable Acres
- 30.57 +/- FSA Cropland Acres
- 91.2 CSR2 Average
- Table top farm -this farm doesn’t take on any neighboring water and doesn’t need any waterways, very hard to find these farms on the market today!
- Outstanding soil ratings
- Tama Silty Clay loam is the majority soil type
- Great farm option for a first time farm buyer looking for their first farm or anyone looking to expand their farm holdings
- Top quality farm
Tract 2
- 68.51 +/- Taxable Acres
- 68.47 +/- FSA Cropland Acres
- 75.2 CSR2 Average
- Extremely nice laying mid 70’s CSR2 farm.
- This farm offers a high amount of ridge to it and doesn’t take on much neighboring water
- Very highly take care of farm
- Great farm option for a first time farm buyer looking for their first farm or anyone looking to expand their farm holdings
Tract 3
- 32.78 +/- Taxable Acres
- 33.83 +/- FSA Cropland Acres ( This acreage amount is higher than the net acres being sold because it’s the FSA offices best estimate using their mapping software how many cropland acres are on the property)
- 69.2 CSR2 Average
- Nice laying compact farm with hard surface road frontage located near Marshalltown
- Great farm option for a first time farm buyer looking for their first farm or anyone looking to expand their farm holdings
Auction Date: September 10th, 2024
Auction Time: 1:00 PM
Auction Location: Marshalltown Community Building, Marshalltown, IA (Riverview Park Buildings Community Center)
Auction Address: 402 Woodland Street Marshalltown, IA 50158
Sale Method: The farm will be sold as three tracts at live public auction with online bidding per buyer’s choice method. Winning bidder has their CHOICE of which tract(s) (Tract 1, Tract 2, and or Tract 3) they desire, they also have the option to purchase any combination of tracts 1-3 the opening round of bidding.
Farm Lease: The 2024 agricultural possession is leased. Buyer(s) will receive full possession March 1st, 2025 per tenant’s rights. Seller will retain the entire 2024 farm cash rent income.
Survey: We are selling the farm using taxable acres
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 settlement company trust account. Remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing and full possession March 1st, 2025.
Farm Closing: November 14, 2024
FSA Information: Call Land Broker Cody Skinner or Land Agent Nick Skinner or for any FSA information questions prior to the auction. Note all FSA information is estimated to the best seller and Iowa Land Company. All information is subject to change.
Mineral Rights: All mineral rights owned by the seller if any will be conveyed to the buyer at closing.
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.
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 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
Tract 1 – 30.9 +/- Taxable Acres located in Marshall County, Taylor township, section 7.
Tract 2 – 68.51 +/- Taxable Acres located in Marshall County, Marietta township, section 14.
Tract 3 – 32.78 +/- Taxable Acres located in Marshall County, Washington township, section 12.
Taxes:
Tract 1 – $ 1522 +/- Annually Estimated
Tract 2 – $2,794 +/- Annually Estimated
Tract 3 – NA at this time
From Albion, Iowa
- Tract 1 – Head south on Sand Rd. The farm will be on the east side of the road across from the Albion Cemetery.
- Tract 2 – Head south on S. Main St. – turns into Marsh Ave. for 2.29 miles. Turn right (west) onto 180th St.
- Head west on 180th St. for 2.36 miles, farm will be on the south side of the road. Corner of Knapp Ave.
- Tract 3 – Head south on S. Main St. – turns into Marsh Ave. for 6.68 miles. Farm will be on the west side of the road.
- Auction signs are located on the farm
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