Monona County, Iowa 270.98 +/- Acre Sealed Bid Farmland Sale

Monona County sealed bid sale – April 10th, 2024

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION

Located in east central Monona County sits this 270.98 +/- acres of farmland that is offered for sale via sealed bid! All sealed bids shall be submitted to Land Broker Luke Skinner or Land Broker Matt Skinner by April 10th, 2024 by 3:00pm CST.

Iowa Land Company is honored to represent the farmland sale of Orvan Ulven Estate. The farm is offered for sale as one tract. The farm offers 209.22 FSA cropland acres and it carries a CSR1 rating of 49.1. This farm offers good opportunities for local farmers to expand land holdings in an area where land is held in tight ownership. The prior CRP agreement has since expired and is open to be transitioned back to grain production. This rolling hill farm has lots of potential! Upon acceptance the high bidder will be granted early access to the farm to complete any restoration improvements needed to plant the farm in production. The farm is located 2.5 miles northwest of Soldier, Iowa. Grain handling facilities are present in Soldier, Ute, and Mapleton, IA. Please note the home and improvements are selling in “Where is As is” condition. The buyer will be responsible to sign a county approved waiver for the removal of the existing septic system. Call brokers for details. 

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

Farm Details 

  • 270.98 +/- Taxable Acres
  • 209.22 +/- FSA cropland acres
  • 49.1 CSR2 soil rating 
  • Farm is expired CRP – Farm has a open lease for 2024
  • Full possession upon acceptance of offer. Subject to tenants rights 
  • Farm is located in a strong farming area
  • Pavement access on east side of farm 
  • PLC Yield and Base Acres (see 156EZ document above)

Sealed Bid Due Date and Time: April 10th, 2024 3:00 PM CST 

Sale Method: Farm will be offered individually via Sealed Bid Sale. Contact Land Broker Luke Skinner or Matt 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 April 10th, 2024 at 3 PM 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 April 10th, 2024. 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 Luke Skinner or Matt Skinner to request one to be mailed to you. 

Farm Lease: 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 upon high bid acceptance, subject to tenants rights.  

Farm Closing: May 22nd, 2024

FSA Information: Call Land Broker Luke Skinner or Land Broker Matt 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  

270.98 +/- gross acres located in Monona County, Iowa; Jordan TWP, section 1 & 12. Exact legal description will come from the abstract.

Taxes:

$6,972 +/- annually estimated per the county assessor.

From Soldier, Iowa 

  • Travel west out of Soldier on HWY 37 for 1.25 miles. 
  • Turn right (north) on County HWY L32 head north for 1.5 miles
  • The farm is on the west side of the HWY; the fiscal site address is 22856 L-32 Soldier, IA.
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