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Hogback Bridge Road & 210th Street, Winterset, IA 50273 (Listing #17741)
Madison County, Iowa Land Auction - Mark your calendar for Friday, October 4th, 2024 at 10:00 AM! Peoples Company and Hopkins & Huebner are pleased to be representing the Billy W. Christensen Estate in the sale of 150.60 acres m/l near Winterset, Iowa that has been in the family for over 50 years. Conveniently located on the edge of Winterset City limits and less than 30 minutes from the Des Moines Metro, tracts of this caliber and location rarely come to the open market. These tracts would make a great addition to an existing farming operation, an investment-grade land purchase with future development opportunities, or the perfect building site for a dream acreage. The farm will be offered in two separate tracts, a highly-tillable tract off Hogback Bridge Road and a smaller combination tract off Kiowa Avenue great for executive building sites or as a hobby farm. Tract 1: 102.60 acres m/l with 98.64 FSA cropland acres carrying a CSR2 of 83.2. Tract 2: 48 acres m/l with 25.35 FSA cropland acres carrying a CSR2 of 66.7. As indicated in the future land use map, Tract 1 is expected to be Low-Density Residential, while Tract 2 is slated for Estate Residential. Southern Iowa Rural Water Association currently has water lines on each side of the property and electricity is serviced by Farmers Electric Coop. Located along the north side of 210th Street, these tracts contain 123.99 FSA Cropland acres carrying a combined CSR2 of 79.8, well above the Madison County average of 60.8. The primary soil types include the highly productive Sharpsburg and Macksburg soils. The farm lease has been terminated and the farm will be available for the 2025 cropping season.
The two tracts will be offered individually on a price-per-acre basis using the “Buyer's Choice” auction method, where the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. The Public Auction will be held on Friday, October 4th, 2024, at 10:00 AM CST at Union State Bank in Winterset, Iowa. The sale can also be viewed through a Virtual Online Auction option and online bidding will be available.
*All information, regardless of source, is deemed reliable, but not guaranteed and should be independently verified. Buyer should perform his/her own investigation of the property prior to bidding at the auction.
This auction is being conducted in partnership with Hopkins & Huebner, P.C.. Please contact the representing attorney Jim Van Werden for more information on this auction. Jim can be reached via phone at (515) 697 - 4284, or via email at jvanwerden@hhlawpc.com.
FSA Cropland Acres: 123.99 49.10 Corn Base Acres with a PLC Yield of 155 46.90 Soybean Base Acres with a PLC Yield of 44
From U.S. Highway 169 & Highway 92: Continue on U.S. Highway 169 past Winterset, Iowa for 1 mile until 210th Street. Turn right/west onto 210th Street and in 0.3 miles the farm will be to the right/north. Look for auction signs. From West Des Moines (Grand Prairie Pkwy): Head west on Interstate 80 for 8 miles, then take Exit 110 for Adel/Winterset. Turn left/south onto U.S. Highway 169 and continue for 14 miles. Then, turn right/west to stay on U.S. Highway 169. In 1 mile, turn right/west onto 210th Street. In 0.3 miles the farm will be to the right/north. Look for auction signs.
*Acres are subject to survey and may change prior to the Auction.
Auction Location: Union State Bank Community Room 611 IA-92, Winterset, IA 50273
Auction Method: The two tracts will be offered individually on a price-per-acre basis using the “Buyer's Choice” auction method, where the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. The sale can also be viewed through a Virtual Online Auction option and online bidding will be available.
Bidder Registration: All prospective bidders must register with Peoples Company and/or Hopkins & Huebner, P.C. (the "Auction Company") to receive a bidder number to bid at the auction. Auction Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.
Farm Program Information: Farm Program Information is provided by the Madison County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Auction Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc., are subject to change when the farm is reconstituted by the Madison County FSA and NRCS offices.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of a certified check or wire transfer. All funds will be held by Hopkins & Huebner, P.C.
Closing: Closing will occur on or before Thursday, November 14th, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.
Possession: Possession of the farm will be given at the earlier occurrence of
Farm Lease: The farm lease has been terminated and the farm will be 'open' for the 2025 crop season.
Contract & Title: Immediately upon the conclusion of the auction, the winning bidder will enter into a real estate sales contract and deposit with Hopkins & Huebner, P.C. the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.
Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.
Property Taxes: All real estate taxes will be prorated between the Seller and Buyer to the date of closing.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Auction Company, or Seller. All bids will be on a per-acre basis. Auction Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Auction Company. Overall tract acres, tillable acres, etc., may vary from the figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions are to be taken from the Abstract.
Tract 1 consists of 102 acres m/l with 98.64 FSA cropland acres. Primary soil types consist of Sharpsburg and Macksburg silty clay loam, carrying a CSR2 on the tract of 83.2 - well above the Madison County average of 60.8. Located off 210th Street and Hogback Bridge Road in Section 26 of Douglas Township, this farm is nearly adjacent to the Winterset City Limits and has a designated future land use of Low-Density Residential. Southern Iowa Rural Water Association services a 3-inch water line on Hogback Bridge Road and a 2-inch water line on 210th Street. This tract would make a great addition to an existing farming operation or an investment-grade land purchase with future development opportunities.
FSA Cropland Acres: 98.64 39.06 Corn Base Acres with a PLC Yield of 155. 37.31 Soybean Base Acres with a PLC Yield of 44. *There is a water well located on Tract 1 and the well will be sold "as-is". Please contact the agents for more details.
Part of the East Half (E1/2) of the Southwest Quarter (SE1/4) of Section 26, Township 76 North, Range 28 West of the 5th P.M. in Madison County, Iowa. Exact legal description to be taken from Abstract.
Tract 2 consists of 48 acres m/l and offers a combination of tillable acres and pasture that would make an excellent hobby farm near Winterset, Iowa. Tract 2 consists of 25.35 FSA cropland acres with the balance of the acres in a fenced pasture. Primary soil types consist of Sharpsburg and Macksburg silty clay loam, carrying a CSR2 on the tract of 66.7. Located off 210th Street and Kiowa Avenue, this tract has a designated future land use of Estate Residential. Southern Iowa Rural Water Association services a 2-inch water line on 210th Street and Kiowa Avenue. With the fenced pasture, rolling topography, and tillable acreage, this tract offers many different opportunities.
FSA Cropland Acres: 25.35 10.04 Corn Base Acres with a PLC Yield of 155 9.59 Soybean Base Acres with a PLC Yield of 44
Part of the West Half (W 1/2) of the Southwest Quarter (SW 1/4) of Section 26, Township 76 North, Range 28 West of the 5th P.M. in Madison County, Iowa. Exact legal description to be taken from Abstract.