Sold

Madison County, IA
153.89 Acres M/L

1248 Fawn Avenue
Earlham, IA 50072

Price	Click to Bid Online
Listing	#18048

Land Agent

John Reburn

Office: 515.222.1347
Mobile: 515.330.8710
JohnR@PeoplesCompany.com

Contact

View Listings View Bio

Senior Land Agent

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

Contact

View Listings View Bio

Bid Now

Info
Map
Photos
Video
Tracts
Downloads
Terms

Property Info

Description

Madison County, Iowa Farmland Auction - Mark your calendar for Thursday, February 13th, 2025!

Peoples Company is pleased to represent the Marilyn Maffin Estate in the sale of 153.89 acres m/l of Madison County, Iowa land. The portfolio consists of three excellent tracts that will be offered to the public including tillable farmland, recreational land, and a rural acreage located within 20 minutes of the Des Moines Metro .

Tract 1: 75 acres m/l with 34.73 FSA cropland acres. Of the 34.73 FSA cropland acres, 12.07 acres are currently in row crop production, carrying a CSR2 value of 62.3, and 20 acres are in hay production.
Tract 2: 54.45 surveyed acres with 50.96 FSA cropland acres. Of the 50.96 FSA cropland acres, 39.24 acres are in row crop, carrying a CSR2 value of 60.5.
Tract 3: 24.44 surveyed acres featuring a single-family home and out buildings. Open House - Scheduled for January 25th & February 2nd from 1:00 P.M. - 3:00 P.M.

Tracts 1 & 2 will be offered individually on a price-per-acre basis using the "Buyer's Choice Auction" method. Tract 3 will be offered on a "Whole Dollar Basis" after Tracts 1 & 2 are sold. The Public Auction will be held on Thursday, February 13th, 2025, at 10:00 AM CST at the Earlham Community Building, 150 E 1st Street, Earlham, Iowa. The sale can also be viewed through a Virtual Online Auction option and online bidding will be available. The tracts are located just southwest of Earlham, Iowa in Section 13 & 14 of Penn Township.

Directions

From Earlham, Iowa: Head south on County Road G14 (SW Walnut Avenue) for 0.7 miles. Continue on CR P57 (Earlham Road) for another half mile. Then, turn right (west) onto 120th Street for 1 mile. Turn left (south) onto Fawn Avenue for half a mile. The tracts are on both sides of the road, look for Peoples Company signage.

Sign On Property: Yes
MLS Number: 709826
School District: Earlham Community School District
General Area: Southwest of Earlham, Iowa.
Zoning: Agricultural

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.

Video

Click the "play" button below to watch an aerial drone video of this property.

Downloads

Plat Map

Marketing Brochure

Tracts

Tract 1 - 01 Fawn Avenue, Earlham, IA 50072

Tract Photos

Bid Now

Description

Tract 1 consists of 75 acres m/l with 34.73 FSA cropland acres. Of the 34.73 FSA cropland acres, 12.07 acres are currently in row crop production, carrying a CSR2 value of 62.3, and 20 acres are in hay production. Located on the west side of Fawn Avenue just southwest of Earlham; this tract is situated in Section 14 of Penn Township.

This tract is a rare opportunity to purchase a high-quality hunting farm in Central Iowa. The farm has multiple secluded fields that can be cash-rented or put into food plots. The Jim Creek flows through the property, providing a year-round water source for wildlife. This is an excellent opportunity for the investment-minded outdoorsman to own a diverse recreational property only 20 minutes from West Des Moines.

Tract 1 is also an excellent opportunity to build your dream home or hobby farm on a picturesque acreage. The tract has multiple building sites on either side of Jim Creek. Warren Water is available along 120th Street, a study is being conducted to see the estimated cost to bring rural water to the property. Electric is provided by MidAmerican Energy.

Legal Description

The South Half (1/2) of the Northeast Quarter (1/4) of Section Fourteen (14), in Township Seventy-seven (77) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa, EXCEPT a tract described as follows: Commencing at the Northeast Corner of said Section Fourteen ( 14 ), thence South 00°00' 1,313.73 feet along the section line to the point of beginning; thence North 89°27' West 753.68 feet along the North line of the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of said Section Fourteen (14), thence South 00°00' 289.00 feet, thence South 89°27' East 753.68 feet, thence North 00°00' 289 feet along the section line to the point of beginning, containing 5.000 Acres including 0.278 Acres of county road right-of-way. Exact legal description to be taken from Abstract.

Details

Acres: 75.00 Acres M/L
Parcel Number: 250041426000000, 250041428010000
Net Taxes: $1,134.00
CSR2: 62.30

Directions

From Earlham, Iowa: Head south on County Road G14 (SW Walnut Avenue) for 0.7 miles. Continue on Earlham Road for another half mile. Then, turn right (west) onto 120th Street for 1 mile. Turn left (south) onto Fawn Avenue for half a mile. Tract 1 is on the west side of the road, look for Peoples Company signage.

Downloads

Tract 2 - 02 Fawn Avenue, Earlham, IA 50072

Tract Photos

Bid Now

Description

Tract 2 consists of 54.45 surveyed acres with 50.96 FSA cropland acres. Of the 50.96 FSA cropland acres, 39.24 acres are in row crop, carrying a CSR2 value of 60.5. Primary soil types include top-producing soils Lamoni Clay Loam & Sharpsburg Silty Clay Loam. Located on the east side of Fawn Avenue just southwest of Earlham; this tract is situated in Section 13 of Penn Township.

Tract 2 is also an excellent opportunity to build your dream home or hobby farm on a picturesque acreage. Warren Rural Water is available on the north side of 120th Street and electric is provided by MidAmerican Energy.

Legal Description

The North Fractional West Half (1/2) of the Northwest Quarter (1/4) of Section Thirteen (13), in Township Seventy-seven (77) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa. Exact legal description to be taken from Abstract.

Details

Acres: 54.45 Acres M/L
Parcel Number: 250041344000000, Portion of 250041346000000
Net Taxes: $986.00
CSR2: 60.50

Directions

From Earlham, Iowa: Head south on County Road G14 (SW Walnut Avenue) for 0.7 miles. Continue on Earlham Road for another half mile. Then, turn right (west) onto 120th Street for 1 mile. The tract is located on the southeast corner of Fawn Avenue & 120th Street, look for Peoples Company signage.

Downloads

Tract 3 - 1248 Fawn Avenue, Earlham, IA 50072

Tract Photos

Bid Now

Description

Tract 3 consists of 24.44 surveyed acres dream acreage site southwest of Earlham. This property offers country living, exceptional hunting, and quick access to nearby city amenities. The home has 1,606 SF of living area with 2 bedrooms and 1.75 baths. The property is improved with a 48 x 24 utility building with cement floor and water is provided by a spring fed well. The acreage is located in desirable Earlham Community School District. The 24.44 acres is a haven for wildlife with timber, Jim Creek, and surrounding crop fields.

Open houses will be held on January 25th and February 2nd from 1:00 P.M. to 3:00 P.M. Please contact the listing agent for more information or a showing of this property.

Legal Description

The South Fractional West Half (1/2) of the Northwest Quarter (1/4) of Section Thirteen (13), in Township Seventy-seven (77) North, Range Twenty-nine (29) West of the 5th P.M., Madison County, Iowa. Exact legal description is subject to final survey.

Details

Acres: 24.44 Acres M/L
Parcel Number: Portion of 250041346000000
Net Taxes: $2,130.00

Directions

From Earlham, Iowa: Head south on County Road G14 (SW Walnut Avenue) for 0.7 miles. Continue on Earlham Road for another half mile. Then, turn right (west) onto 120th Street for 1 mile. Turn left (south) onto Fawn Avenue for half a mile. Tract 3 is on the east side of the road, look for Peoples Company signage.

Downloads

Bid Now

Auction Details & Terms

Auction Location Map

Marilyn Maffin Estate Farmland Auction
153.89 Acres M/L
Offered in Three Tracts
Thursday, February 13th, 2025 @ 10:00 AM CST

Seller: Marilyn Maffin Estate

Representing Attorney: Sam Braland | Nelson, Young & Braland

Auction Location:
Earlham Community Building
150 E 1st Street
Earlham, IA 50072

Tract 1: 75 acres m/l
Tract 2: 54.45 surveyed acres
Tract 3: 24.44 surveyed acres

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.

Auction Method: Tracts 1 & 2 will be offered individually on a price-per-acre basis using the "Buyer's Choice Auction" method. Tract 3 will be offered on a "Whole Dollar Basis" after Tracts 1 & 2 are sold. Tracts will not be offered in their entirety after the auction. This auction 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 receive a bidder number to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Agency: Peoples Company and its representatives are agents of the Seller. Winning Bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Madison County Farm Service Agency. 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 Madison County FSA and NRCS offices.

Earnest Money Payment: Tracts 1 & 2 will require a 10% earnest money payment on the day of the auction. Tract 3 will require a $10,000 earnest money payment. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Thursday, March 27th, 2025. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer.

Possession: Possession of the land will be given at closing.

Farm Lease: The lease is open for the 2025 crop season.

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

Financing: The purchaser’s obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

Septic System: Per Iowa Code 445B, the Seller is exempt from the Septic System Inspection Requirement and the septic system servicing the dwelling on Tract 3 is in as-is condition and no inspections, updates, or improvements will be made by the Seller.

Tract 3 Disclosure: Water for the dwelling is provided by a spring-fed well. All appliances are not included in the sale. Fencing & equipment on the property may be removed by the seller prior to closing. The tract is being offered in as-is condition.

Open Houses: There will be two open houses held to view the dwelling on Tract 3. The open houses will be held on January 25th & February 2nd from 1:00 to 3:00 P.M. Potential Buyer's and/or Buyer's Agents are not permitted to enter either of the dwellings without prior approval from the Listing Agent(s).

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. 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.

Surveys: A survey will be provided for Tracts 2 & 3. No additional surveying or staking will be provided by the Seller.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property will be sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. Peoples 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 Peoples Company. Overall tract acres, tillable acres, etc. may vary from 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 will be taken from the Abstract.