Pottawattamie County land auction – October 26th, 2021
Iowa Land Company is honored to represent the Diane Sievers and Patricia Lehnhardt Farmland Estate in Pottawattamie County, Iowa located 1.5 miles northwest of Walnut, Iowa. The farm will be offered at public auction on October 26th, 2021 at the Walnut, Iowa Community Center at 12pm. The farm will sell as 2 tracts on the day of sale. This is a great opportunity for local farmers to expand their current farming operation and gives farmland investors the ability to buy well taken care of farmland acres with additional windmill income! Tract 1 will be offered as 122.72 +/- acres, with 117.61 +/- acres considered cropland acres, which are currently in row crop production. This tract consists of gently rolling farmland with great natural water drainage. The CSR2 average is 71.2 which is above the county average. Wind turbine income is $9,055.25 annually. The turbine income increases at a 2% rate annually until 2062. The farm is currently leased for the 2021 growing season; full possession will be March 1st, 2022. The lease for 2022 has been terminated and is open for 2022 growing season.
Tract 2 consists of 4.28 +/- acres, tract 2 will be sold subject to the gross surveyed acres. The home consists of 4 bedrooms, 1 bath and 1,808 square feet. There is a 24×36 machine shed and a grain bin on the property. This would make a great project acreage for someone that desires country living, with close proximity Interstate 80 access and only 45 minutes from the Omaha Metro. Tract 2 will be sold, “As Is Where Is Basis” and the new buyer will be responsible for updating the septic system to county code. There will be an open house for tract 2 on October 16th from 10:00AM to 1:00PM. A well easement on tract 1 will be conveyed from the sellers to the new buyer on tract 2. Address- 33120 490th St. Avoca, Iowa 51521
Call Land Broker Matt Skinner at 515-443-5004 or Land Broker/Auctioneer Luke Skinner at 515-468-3610 for more information on this Pottawattamie County Land Auction.
Tract 1 – 122.72 +/- Acres
- 117.61 +/- Cropland / CRP Acres
- 71.2 CSR2
- Wind Turbine Income is $9,055.25 annually. The turbine income increases at a 2% rate annually until 2062.
- PLC Yield
- 113 Corn
- 54 Soybeans
- Taxes – $3,540 est.
Tract 2 – 4.28 +/- Acres
- There will be an open house for tract 2 on October 16th from 10:00AM to 1:00PM.
- Address- 33120 490th St. Avoca, Iowa 51521
- 4 Bedrooms, 1 Bath
- 1808 Square Foot
- Machine shed and Grain Bin
- Acreage site / Strong standing farmhouse
- Close Proximity to Interest 80
- 40 Minutes from Omaha Metro
- A Time of Transfer Inspection Agreement / Binding Acknowledgement of future Installation will be required to be signed by the new buyer for the septic system.
- Taxes – $ 1152 est.
Auction Date: October 26th, 2021
Auction Time: 12:00 PM
Auction Location: Walnut, Iowa Community Center
Auction Address: 415 Antique City Dr. Walnut, Iowa 51577
Sale Method: The farm will be sold as 2 tracts at live public auction with online bidding and phone bidding opportunities.
Farm Lease: Farm has an open lease for 2022. Full possession March 1st, 2022
Survey: No survey will be provided; we are selling deeded 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 2021 farming season. Buyer will receive full possession March 1st, 2022.
Farm Closing: December 16th, 2021
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 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 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 48 hours before the sale.
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
127 +/- deeded acres located in Pottawattamie County, Iowa Layton Township, Section 6. Exact legal description will come from the deed.
Tract 1 – $3,540
Tract 2 – $1,152
From Walnut, Iowa
- Go west on Highway 83 1.5 miles
- Turn north on 490th St Ave and continue for 1 mile
- Farm will be on the west side of the road, sale signs will be along roadside