Sold

Fremont County, IA
200.00 Acres M/L

3624 280th St
Riverton, IA 51650

Listing

#15723

LAND AGENT

Daran Becker

Office: 515.222.1347
Mobile: 515.979.3498
Daran@PeoplesCompany.com

Contact

View Listings View Bio

LAND AGENT

Mike Nelson

Office: 515-222-1347
Mobile: 641.223.2300
MikeNelson@PeoplesCompany.com

Contact

View Listings View Bio

Info
Map
Photos
Tracts
Downloads
Terms

Property Info

Description

Peoples Company is pleased to represent the Estate of Maxine Butts in the sale of 200 m/l acres of high quality Fremont County farmland. This farm will be sold at public auction Friday, November 12th, 2021 at 10:00 am at the Elks Lodge in Shenandoah, IA. The farm will be sold in three parcels. Tract 1 consists of 40 gross acres with 39.32 tillable acres and carrying a CSR2 of 76.8. Tract 2 consists of 157.63 acres with 155.61 acres considered FSA tillable carrying a CSR2 of 70.3. Tract 3 will include the 2.37 m/l acreage, buildings, and grain bins. This farm is in excellent condition and has been well cared for. The tillable ground has been extensively terraced and has over 14 miles of tile in place. All farm leases have been terminated and will be available to be farmed for the 2022 crop year.

Tracts 1-2 will be sold on a price per acre basis and will be auctioned using the " buyers choice" method of marketing. The successful bidder will have the choice to take one or both tracts at the end of bidding. Tract 3 will be sold as a whole dollar amount. This farm has been in the Butts family for many years, don't miss this opportunity to add-on to your existing farming operation or make a great addition to your investment portfolio!

Details

Estimated FSA Cropland Acres: 194.88
Corn: 94 Base Acres with PLC Yield of 125
Soybeans: 93.90 Base Acres with PLC Yield of 44

4.97 Acres of CRP Paying $176 per acre or annually $875
* CRP acres are waterways
*DCP Crop data is based on whole farm information and will be adjusted according by the Fremont County FSA Office after the farmland has been reconstituted.

Directions

From 250th St in Riverton, IA head east for 2 miles. Turn right, heading south onto 350th Ave. After approximately 3 miles take a left turning east onto 280th St. Tract 1 and 3 will be on your right after 1.25 miles. Tract 2 will be on the left.

MLS Number: 637782
Parcel Number: 110110012000000, 110110090000000, 1101100890000000, 1101100920000000, 1101100910000000, ,
School District: Hamburg School
General Area: Southeast of Riverton, IA
Net Taxes: $6,578.00
Water: Well and Rural Water
Zoning: Ag

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

Downloads

Marketing Brochure

Tracts

Tract 1 - 000 280th Ave, Riverton, IA 51650

Tract Photos

Description

Tract 1 consists of 40 acres m/l of high quality Fremont County farmland. There are 39.32 FSA tillable acres with a CSR2 of 76.8. Primary soil types include Marshall silty clay loam and Colo-Judson silty clay loams. This nearly nearly 100 % tillable farm is located in Section 1 of Madison Township. This farm has been well cared for over the years with extensive tile and terrace work. Do not miss your opportunity to purchase this tract or more at auction November 12th, 2021 at the Elks Lodge.

FARM DETAILS:
FSA Cropland Acres: 194.88
Corn: 94 Base Acres with a PLC Yield of 125
Soybeans: 93.90 Base Acres with a PLC Yield of 44

*DCP Crop data is based on whole farm information and will be adjusted according by the Fremont County FSA Office after the farmland has been reconstituted.

Legal Description

SE 1/4 SW 1/4 all in Section 1 Township 67N Range 41W of the 5th pm. Exact legal description to be taken from Abstract.

Details

Acres: 40.00 Acres M/L
Parcel Number: 1101100120000000
Net Taxes: $1,172.00
CSR2: 76.80

Directions

Downloads

Tract 2 - 00 280th Ave, Riverton, IA 51650

Tract Photos

Description

Tract 2 consists of approximately 157.63 acres m/l of high quality Fremont County farmland. There are 155.61 FSA tillable acres with a CSR2 of 70.3 and features extensive tile and terrace work. Primary soil types include Marshall silty clay loam and Colo-Judson silty clay loam. There are currently 150.64 acres being farmed and 4.97 acres of waterways in CRP paying $875/year till 10/01/2030. This property is located in Section 12 of Madison Township. Do not miss your opportunity to purchase this tract or more at auction November 12th, 2021 at the Elks Lodge.

FARM DETAILS:
FSA Cropland Acres: 194.88
Estimated FSA Cropland Acres: 194.88
Corn: 94 Base Acres with a PLC Yield of 125
Soybeans: 93.90 Base Acres with a PLC Yield of 44

Legal Description

NW 1/4, Except 2.3 acres m/l for acreage, locally known as 3624 280th St Riverton, IA 51650. All in Section 12 Township 67N Range 41W of the 5th pm. Exact legal description be taken from Abstract.

Details

Acres: 157.63 Acres M/L
Parcel Number: 110110090000000, 1101100890000000, 1101100920000000, 1101100910000000
Net Taxes: $4,081.00
CSR2: 70.30

Directions

Downloads

Tract 3 - 3624 280th St, Riverton, IA 51650

Tract Photos

Description

Tract 3 consists of a 1344 sq ft, 3 bedrooms, and 1 bath ranch home. This property includes a extra-large detached garage, 38’ x 60’ metal building, 8 grain bins, and 2.37 acres. There have been many quality upgrades done to the home over the years including a metal roof, vinyl siding, some new widows, and new water heater. The metal building and grain bins have previously been rented to a local farmer. The new buyer could re-rent them for additional income or use them for their own needs. This acreage is conveniently located less than a mile off of pavement. This tract will be sold on a whole dollar basis.

*Stove and Refrigerator to be included with the sale

*The home is on well water

*Seller owns the propane tank, all remaining propane in the tank will be given to the buyer.

*Seller will give buyer a credit for the cost of a new septic system at time of closing. The buyer agrees to sign a binding agreement with the Fremont County environmental health department stating they are responsible for the installation of a new septic system after time of closing.

*Taxes are estimated at $1340/year

*Open House will be Friday Oct 22th from 3 to 6 PM

Legal Description

Part of NW 1/4 NW 1/4 in Section 12 Township 76N Range 41W of the 5th pm. Exact legal description to be taken from Abstract. (See Attached Survey)

Details

Acres: 2.37 Acres M/L
Parcel Number: 110110090000000
Net Taxes: $1,340.00

Directions

Downloads

Auction Details & Terms

Auction Location Map

Auction Location:
Elks Lodge
701 S Fremont Street
Shenandoah, Iowa 51601
November 12th, 2021
10:00 am

Auction Method: Tracts 1-2 will be sold on a price per acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, either one or both tracts for their high bid. Tract 3 will be sold as a whole dollar amount. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Fremont County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Fremont 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 cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or about Wednesday, December 22th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be given at Closing.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2022 season.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made 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 Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.