MARCH 27TH, 2025 AT 1:00PM – FOR SALE
PROPERTY DESCRIPTION
Located in north central Wright County, Iowa near Belmond, Iowa sits these two high-quality farms totaling 311.36 +/- gross acres. This farmland will be offered for sale at live public auction with online bidding available on March 27th, 2025 at 1:00pm at the Red Shed located in Clarion, Iowa.
Iowa Land Company is honored to represent and offer this quality farmland for sale owned by Bundy Living Trust. This farmland has been in the family for over a century. Tract #1 has been in the family since the late 1800s. Over the years, these farms have been very well taken care of. The farm(s) will be offered for sale in two separate tracts; Tract #1 – 151.36 +/- acres, Tract #2 – 160 +/- acres. Each tract has had a large investment in drainage tile. Each farm is pattern tiled (Maps located below). Each tracts agricultural information is listed below. The buyer will receive real estate possession subject to tenants’ rights at closing. Cropland possession is subject to tenants rights. The farms are leased for 2025. The new buyers for each tract will receive the entire rent for 2025 cropland season. Don’t miss your chance to acquire a farm that is well taken care of in a location where land hasn’t come for sale often! Please join us on March 27th at 1:00pm. For more information call Land Broker/ Auctioneer Luke Skinner or Land Broker Matt Skinner.
Farm Information
Tract #1
- 151.36 +/- Acres
- 146.44 +/- Cropland Acres
- 75.4 CSR2
- Strong farming area
- Fully pattern tiled ( see maps in property documents section)
- Highly productive farmland
- Rent credit at closing $50,508
Tract #2
- 160 +/- Acres
- 154.51 +/- Cropland Acres
- 76.4 CSR2
- Good ridge soils
- Strong farming area
- Fully pattern tiled ( see maps in property documents section)
- Rent credit at closing $53,306
Base Acres
Corn – 152.80
Soybeans – 147.80
PLC Yield
152 – Corn
44 – Soybeans
Auction Date: March 27th, 2025
Auction Time: 1:00PM
Auction Location: Red Shed
Auction Address: 908 2nd St NW, Clarion Iowa, 50525
Sale Method: The farms will be sold at live public auction with online and phone bidding opportunities for all buyers.
Farm Lease: The cropland is leased for the 2025 season. ( Buyers will receive the entire 2025 cropland rent) T1 – $50,508 T2 – $53,306.
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. The remaining balance will be due at closing.
Farm Possession: Buyer will receive real estate possession at closing, subject to tenant rights. Cropland possession is subject to tenants rights.
Farm Closing: May 13th, 2025
FSA Information: Call Land Broker Matt Skinner or Land Broker/Auctioneer Luke Skinner for any FSA information questions prior to the auction. Note all FSA information is estimated to the best of seller and Iowa Land Company ability. All information is subject to change. Farm will be subject to a new FSA conservation plan.
Mineral Rights: All mineral rights will be conveyed to the buyer if any.
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/ Auctioneer Luke Skinner or Land Broker Matt 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 or phone bidding.
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 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
Tract #1: 151.36 +/- acres located in Wright County, Iowa Norway Township, Section 14. Exact legal description will come from the deed.
Tract #2: 160 +/- acres located in Wright County, Iowa Norway Township, Section 13. Exact legal description will come from the deed.
Taxes:
Tract #1: $4,597.22 +/- Annually Estimated. Taxes to be prorated on the date of closing.
Tract #2: $4,924.44 +/- Annually Estimated. Taxes to be prorated on the date of closing.
From Belmond, Iowa
- Take Highway 130th st. 7 miles west.
- Take a right and go north on Lee Ave .½ miles.
- See for sale signs in place on the farm.
