Scott County land auction – SOLD
PROPERTY DESCRIPTION
***AUCTION UPDATE*** Due to the COVID-19 situation, the auction will be held ON-SITE and not at the Eldridge Community Center. The auction will also be held at 1:30PM and not at 1PM, as previously stated.
Iowa Land Company is honored to represent the Epping Farms LLC in Scott County, Iowa. The farm consists of 40 +/- deeded acres, located just 3.5 miles northeast of Eldridge, Iowa. The farm will be offered via public auction on May 6th at 1:30PM. 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 40 +/- acres, with 40 +/- acres considered cropland acres. The CSR2 weighted average is extremely high at 95.1, with Muscatine silty loam making up 47% of the farm. Garwin silty loam, and Tama silty loam make up the remainder of the farm. The farm is rented for the 2020 growing season and will be open for the 2021 growing season. Possession will be granted once the 2020 crops are harvested. See you at this Scott County Land Auction!
Call Land Agent Nick Skinner at 319-440-3176 or Land Broker Cody Skinner at 515-443-6343 for more information on this Scott County Land Auction.
40 +/- Acres
- 40 +/- Cropland Acres
- 95.1 CSR2
- Well maintained farm
- Boarders Eldridge city limits (Easily approved for corporate city limits)
- 3.5 miles to downtown Eldridge, Iowa
- 6.5 miles to Interstate 80
- 7 miles to Davenport
- Drop your equipment and go!
Base Acres
Corn – 28.10
Soybeans – 11.90
PLC Yield
176 Corn
47 Soybeans
Auction Location: ON-SITE (This is a change from original advertising due to COVID-19)
Auction Address: At the end of 250th Street where the road dead ends (North end of the farm)
Sale Method: The farm will be sold as 1 tract at live public auction.
Farm Lease: Farm tillable ground is leased for the 2020 season.
Survey: Final 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: Farm possession will be after the 2020 crops are harvested.
Farm Closing: June 23rd 2020, or before.
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 seller and Iowa Land Company. All information is subject to change. Farm will be subject to 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 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, 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
40 +/- taxable acres located in Scott County, Iowa Sheridan Township, Section 12. Exact legal description will come from the deed.
Taxes: $1,408 +/- Annually
Class – Agriculture
From Eldridge, Iowa
- Take E Le Claire road 1.5 miles
- Turn right (north) on to N Scott Park road/Veterans Way for 1.1 miles
- Turn left (west) on to 250th Street for 0.8 miles
- Farm will be on the south side of the road
- Property signage will be on the farm
