Iowa Farmland For Sale

Jasper County 

August  30th, 2022 at 10 am

Whitaker Marketing Group is honored to present this 160 +/-acre offered in 2 tracts of land in Jasper County.

All of these tracts boast tillable and recreational land, picturesque views, and a great investment. The Auction is composed of two tracts of land totaling 160 acres, more or less.

Highlights:

• Investment Potential
• Tillable
• Buildable
• Great Acerage

House/Acreage Information:

1261 N 59 Ave W, Newton, IA 50208

Open House: August 6th from 9 am -12 pm and August 14th from 3 pm -6pm

Occupancy: Single-Family / Owner Occupied

School District: Newton

Style: 1 Story Frame

Year Built: 1974

Roof: Steel / Architectural  Hip

Flooring: Carpet / Vinyl

Foundation:  Concrete Block 8' walls

Exterior Material: Brick

Interior Material: Drywall

First Floor (GLA): 1,354 SF

Gross Living Area: 2600 SF

Number of Bedrooms:  3 bedrooms above (one is being used as Office); 1 below that is framed with walk out basement egress)

Basement Area Type: Full

Total Basement Area: 1,354

Basement Finished Area:  Basement has some framed walls and an open floor joist. 

Plumbing: 2 Full Bath

Central Air: No

Heat: Electric Baseboard heat throughout the house

Decks: Composite Deck-Med (480 SF)

Garages: 402 SF - Att Frame (Built 1974)

Outbuildings:
20x30 Shop (New Steel Roof, Electric in shop)
42x46 Livestock Barn
30x40 CornCrib (Knocked over in the storm)
90x38 Steel Machine Shed (Damage from the storm)
1982 Grain Bin   24 Diameter 23 Hight  (9K bu)

Location of Land (Directions to the farm): 
Tracts 1, and 2: From Newton head north on IA-14 N and travel 4 miles.  Turn left(west) onto N 59th Ave W and travel .75 miles.  The farmland is to your left(south).

Location of Auction: Thunderdome, 1611 1st Ave West, Newton, Iowa 50208 on August 30 at 10 am.

Legal Description:  Tracts 1, 2 :  Section: 9; Twp: 80; Rng: 19, Jasper County, IA

Selling Multiplier: 160 +/- 

Tract 1:  152.5 +/- acres

Tract 2:   7.5 +/- acres

Taxable Acres: 157 +/-

Tract 1 (Parcel ID #'s: 08.09.100.002, 08.09.100.001, 08.09.100.003, 08.09.300.001)

Tract 2 (Parcel ID #'s: 08.09.100.002)

Taxes Total: $6,906.00 Estimated

Tillable Acres:  127.43 +/- acres (Surety Maps)
Tract 1:  127.43 +/- acres
Tract 2:  0 +/- acres

CSR2: 58.5 Average
Tract 1:  58.6 CSR2 Tillable 
Tract 2:  58.4 CSR2 (House with 7.5 non-tillable)
 
Zoning: A-1 Ag

Farm Tenancy:  The farm is currently rented for the 2022 crop season.

House Tenancy:  The house is currently rented and the tenant will vacate the property by closing.

Government Programs:
Seller will receive landowner’s share, if any, of annual government payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

Seller will receive landowner’s share, if any, of conservation program (CRP) payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

FSA Information (156 Farm Record):  
*Found in the documents tab

FSA Number: # 1472

FSA Tract Number: #1419 (Tracts 1-2)

FSA Farmland Acres:   157.91 +/- (Tracts 1-2)

FSA Cropland Acres:   126.61 +/- (Tracts 1-2)

HEL & WETLANDS: HEL (Tracts 1-2)

Total Base Acres:  80.70  (Tracts 1-2)

   Corn Base:   59.20 (Tracts 1-2)     PLC Yield:  157
   Bean Base:   21.50 (Tracts 1-2)     PLC Yield:  44

Auction Sales Method: The real estate will be offered as 2 separate tract(s).  

Survey: If both tracts are sold to the same buyer no survey will be performed. If the farm is split into multiple tracts, the sellers will have the property surveyed. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres.

Minerals: All mineral interests owned by the Seller, if any, 
will be conveyed to the Buyer(s). 

Zoning:  Property is classified as Agricultural.

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney. The Seller will provide a current abstract of title at their expense. The Seller reserves the right to reject any and all bids. 

Earnest Payment:  Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney.

Closing: The sale closing is on October 14th, 2022 or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.

Possession: Possession will be granted at closing, or such other date agreed to by both parties. The farm is currently rented for the 2022 crop season.  The 2022 cash rent will be credited to the seller.

Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Any announcements made on auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.

Seller(s):   Dorothy Clement Estate

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