Muscatine County, Iowa 153.05 +/- Acres Farmland Auction

Muscatine County Farmland auction – SOLD

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Mark your calendars for February 15th, 2022. Iowa Land Company is honored to represent the Cawiezell / Coronelli Farm in Muscatine County, just 3.5 miles southwest of West Liberty Iowa. The farm is located in Wapsinonoc Township, Section 21. The farm consists of 153.05 net taxable acres and will be offered via public auction on February 15th, 2022 at 1:00PM. The farm will be offered in one tract (See farm details below). This is a great opportunity for local farmers to expand their current farming operation and give investors the ability to buy well taken care of farmland acres in an area where farmland does not come available to the public often! The farm consists of 153.05 +/- taxable acres, with 146.46 +/- acres certified cropland acres. The CSR2 weighted average is an outstanding 91.9, with Muscatine, Downs, and Tama loam soils, making up the majority of the farm. The farm is rented for the 2022 growing season. Three buildings are located on the northwest portion of the farm south of the home and detached garage (excluded from the sale). Two of the buildings could be used for livestock or storage with improvements. This farm is very well maintained and drains well naturally. Farms of this caliber don’t come to the market in this area often, you won’t want to miss this one February 15th, 2022 at 1:00pm at the West Liberty Community Center in West Liberty, Iowa. 

Call Land Agent Nick Skinner at 319-440-3176 or Land Broker Cody Skinner at 515-443-6343 for more information on this Muscatine County Land Auction.

Farm Information

  • 153.05 +/- Net Taxable Acres
  • 146.46 +/- Cropland Acres
  • 91.9 CSR2
  • High quality farm in an area where farms do not come for sale often (Lack of Supply)
  • Excellent CSR2 average of 91.9 on cropland acres
  • Well maintained farm with the soils to produce every year
  • Topography has enough roll to drain well naturally 
  • Strong Farming Community
  • Three buildings are located on the northwest portion of the farm south of the home (excluded from the sale). Two of the buildings could be used for feeding livestock or storage with improvements.
  • Steel Building 40 x 24, 52 x 52 Barn, Building/corn crib 50 x 30  
  • 5 miles from River Valley Co-Op in West Liberty
  • 6.3 miles from Kile Feed & Grain, Inc
  • An estimated 33.5 +/- acres has been converted from pasture acres to row crop in 2021
  • 3.5 miles Southwest of West Liberty, Iowa
  • 17 miles Southwest of Iowa City, Iowa 
  • 20 miles Northwest of Muscatine, Iowa

Base Acres

Corn – 44.70

Soybeans – 18.10

PLC Yield

Corn – 162

Soybeans – 50

Auction Date: February 15th, 2022

Auction Time: 1:00 PM

Auction Location: West Liberty Community Center

Auction Address: 1204 N Calhoun St. West Liberty, IA 52776

Sale Method: The farm will be sold at live public auction as one tract.

Farm Lease: Farm is leased for the 2022 season. $300 per tillable acre x 144 tillable acres = $43,200. Buyer to receive full cash rent income for the 2022 farming season.

Survey: No survey. Final purchase price will be sold 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 sellers’ attorney trust account. Remaining balance will be due at closing.

Farm Possession: The farm is rented for the 2022 farming season.  Buyer will receive full possession on March 1st, 2023, subject to tenants rights. 

Farm Closing: March 29th, 2022

FSA Information: Call Land Agent Nick Skinner or Land Broker Cody 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 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. 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  

153.05 +/- taxable acres located in Muscatine County in Wapsinonoc Township, Section 21, Range 4W. Exact legal description will come from the deed.

Taxes:

Estimated $6,616 Estimated Annually

Class – Agriculture

From West Liberty, Iowa

  • Go West on Hwy X34 (121st Street) for approximately 1.4 miles
  • Turn left (south) on Davis Avenue for approximately 1 mile
  • Turn right (west) on 130th Street for approximately for a half mile
  • Farm will be on the South (left) side of the road
  • Property signage will be on the farm
PROPERTY AERIAL
LAND AGENT
Nick White shirt profile pic
Nick Skinner
Land Agent
Cody White shirt profile pic
Cody Skinner
Land Broker
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