Wayne County, Iowa 320 +/- Acres Land Auction | 3 Tracts

Wayne County Land auction – SOLD

PROPERTY DOCUMENTS

PROPERTY DESCRIPTION
PROPERTY DESCRIPTION

Iowa Land Company is honored to represent The Dilley Estate and Osborne Family Farmland  in Wayne County, Iowa. The farm will be offered at public auction on January 18th, 2023 at the Lineville Community Center at 1:00pm. We will offer the farm in 3 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 land to be improved into productive farmland! Tract #1 will be offered as 146.42 +/-  acres with 132.23 +/- acres considered cropland acres. Currently 119.69 +/- acres are in CRP expiring 9/1/2022 and 12 +/- acres are in row crop production. Tract #1 would offer good productive farmland if the new buyer desires to clean the CRP acres up and put into cropland  production. The CSR2 average on the cropland acres is 47.1. Tract #2 consists of 93.58 +/- acres, with 12.62 +/- acres considered cropland acres which are currently in row crop production. The average CSR2 is 53.2. Tract #2 offered tremendous whitetail hunting cover. The makeup of the timber ground is thick red cedar and hedge timber with hardwood ditches. Tract #3 consists of 80 acres, with 60.52 +/- acres considered cropland acres. There are 60.52 +/- acres in CRP expiring 9/1/2022. This tract offers recreational opportunities and/or potential for row crop production and grass acres, if the new buyer desires to improve the land. The CSR2 average is 59.7, the farm has great signs of deer and turkey. The farm currently has an open cropland and pasture tenancy for the 2023 cropland season. Full possession will be on the date of closing.

Call Land Broker Matt Skinner at 515-443-5004 or Land Broker Cody Skinner at 515-443-6343 for more information on this Wayne County, Iowa Land Auction.

Farm Information

Tract 1

  • 146.42 +/- Acres
  • 132.23 +/- Cropland
  • 47.1 CSR2 
  • PLC Yield
    • TBD Corn
    • TBD Soybeans
  • Taxes – $2,125 est annually.
  • Open CRP acres 
  • Improvable land for good productive farmland

Tract 2

  • 93.58 +/- Acres
  • 12.69+/- Cropland
  • 53.1 CSR2
  • Tract #2 is being surveyed during the marketing period. Gross Acres may change and are subject to the gross surveyed acres when completed.   
  • PLC Yield
    • TBD Corn
    • TBD Soybeans
  • Taxes – $948 est annually.
  • A great recreational tract
  • A ton of deer and turkey sign on the farm
  • High population of deer and turkey in the area
  • Good thermal cover and all year cover to grow and hold deer. 

Tract 3

  • 80 +/- Acres
  • 60.52 Cropland/Grass Acres
  • 59.7 CSR2   
  • PLC Yield
    • TBD Corn
    • TBD Soybeans
  • Taxes – $1,410 annually. 
  • Timber and wildlife habitat. 
  • Open CRP acres 
  • Improvable land for productive farmland
  • Highway access

Auction Date: January 18th, 2023

Auction Time: 1:00 PM

Auction Location: Lineville, Iowa Community Building

Auction Address: 111 Main St., Lineville, Iowa 50147

Sale Method: The farm will be sold as 3 tracts at live public auction with online bidding and phone bidding opportunities.

Farm Lease: Cropland tenancy is open for 2023. Full Possession date of closing.

Survey: No survey will be provided; we are selling gross acres on tracts #1 and #3. Tract #2 is currently being surveyed. Tract #2 will sell gross surveyed acres on the day of sale or sold subject to gross surveyed if the survey is not completed by January 18th, 2023.

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: Buyer will receive full possession date of closing.

Farm Closing: March 1st, 2023

FSA Information: Call Land Broker Matt 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 Broker Matt 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 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  

320 +/- gross acres located in Wayne County, Iowa Clinton Township, Section 5. And Grand River Township, Section 14. Exact legal description will come from the deeds.

Taxes:

Tract 1 – $2,125

Tract 2 – $948

Tract 3 – $1,410

Tract #1 and Tract #2

From Lineville, Iowa

  • Go north on 65 HWY .50 miles
  • Turn east on Lineville rd. and continue for 1 mile 
  • Turn north and go .50 miles.
  • Turn east on Beaver Ave. and go 1.50 miles. 
  • Farm will be on the north side of the road.

Tract #3

From Clio, Iowa

  • Go east on J54 HWY 1.50 miles
  • Farm will be on the south side of the road.
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