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Listing #14641
Cerro Gordo County, IA
Overview
- 3Tracts
- 284Total acres M/L
- $5,852Net taxes
Cerro Gordo County Land Auction! Farmland is a tightly held asset with ownership often transferring from generation to generation and rarely coming up for sale. Peoples Company is pleased to announce that a farm owned by the Oehlert family since the 1960s will be made available and sold via public auction. The auction will consist of 284 acres m/l to be sold in three separate tracts on Friday, October 11, 2019 at 10:00 AM in the Ventura Community Center in Ventura, Iowa.
Tract 1 consists of 84 acres m/l with 84.27 FSA cropland acres carrying a CSR2 value of 69.7
Tract 2 consists of 120 acres m/l with 117.39 FSA cropland acres carrying a CSR2 value of 68.1
Tract 3 consists of 80 acres m/l with 78.56 FSA cropland acres carrying a CSR2 value of 60
Private and county drainage tile has been installed (see attached tile map for known tile location). The county tile size increases to 22”, 24”, and finally 26” before out-letting into an open ditch on the north side of Tract 2 flowing north into Beaverdam Creek. These tracts would be a great add-on to an existing farm operation, an affordable tract for a Beginning Farmer, or a smart investment for the Buyer looking to diversify their portfolio. There are several competing grain marketing outlets in the surrounding area and a variety of ethanol plants and grain elevators. Any and all farm leases have been terminated and the tracts are open for the 2020 crop year. The farms are located just south of Clear Lake, Iowa in Union Township with Tracts 1, 2, and 3 adjoining each other in Section 13 & 14. Mark your calendars for this rare opportunity!
The land will be sold as three individual tracts using the "Buyers Choice" auction method. Tracts 1, 2, & 3 will be sold on a price per acre basis, and the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased. The three tracts will not be offered in their entirety at the conclusion the auction.
Land
- Zoning
- Ag
- Gross Taxes
- 0
- Net Taxes
- 5852
- Parcel(s)
- 091420000200, 091420000400, 091310000400, 091330000100, 091330000300, 091330000200, 091330000400, 091440001000
- School district
- Clear Lake Community
Location
- Address:
- 190th Street, Clear Lake, IA 50428 Get Directions
- Directions:
From Clear Lake, Iowa: Travel south on Grouse Avenue for 5 miles until reaching 190th Street. Turn right (west) on 190th Street for 1 mile. Tracts are located on the north side of 190th Street marked with Peoples Company signs.
Tracts
Tract 1 · 84.00 Acres M/L
Description
Tract 1 includes 84 acres m/l of productive Cerro Gordo County farmland consisting of 84.27 FSA tillable acres with a CSR2 value of 69.7. Primary soil types include Shorewood and Clarion loam. This tract has deeded access approximately 66 ft. wide from 190th Street allowing room for today's larger farm equipment. This property is located south of Clear Lake, Iowa in Section 14 of Union Township with close proximity to pavement and Interstate 35.
There is a pipeline easement located on the southeast corner of this tract. Please see attachments of map showing the easement location (Contact Agent for details).
FARM DETAILS
FSA Cropland Acres: 84.27
Corn: 68.2 Base Acres with a PLC Yield of 137
Soybeans: 9.6 Base Acres with a PLC Yield of 42
Farm is enrolled in ARC-CO
Legal Description
The East Half (E 1/2) of the Northeast Quarter (NW 1/4); and the East Sixty-six feet (66') of the Southeast Quarter (SE 1/4) of Section Fourteen (14), all in Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract.
Directions
From Clear Lake, Iowa: Travel south on Grouse Avenue for 5 miles until reaching 190th Street. Turn right (west) on 190th Street for 1 mile. Tract 1 will be located on the north side of 190th Street marked with a Peoples Company sign.
- Total acres
- 84.00
- Net taxes
- 1914.00
- Parcel Number(s)
- 091420000400091420000200091440001000
Tract 2 · 120.00 Acres M/L
Description
Tract 2 includes 120 acres m/l of productive Cerro Gordo County farmland consisting of 117.39 FSA tillable acres with a CSR2 value of 68.1. Primary soil types include Webster and Harps clay loam. Located in County Drainage District No. 26, there is more than ample drainage on this farm with a 26” county tile main installed that outlets into an open ditch. A wetland determination has been completed on the farm and the tract has been deemed "prior converted" or PC which would allow for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions (Contact Agent for copy of Wetlands Determination). This property is located south of Clear Lake, Iowa in Section 13 of Union Township with close proximity to pavement and convenient access to Interstate 35.
There is a pipeline easement running through this tract. Please see attachments of map showing the easement location (Contact Agent for details).
FARM DETAILS
FSA Cropland Acres: 117.39
Corn: 88.3 Base Acres (Estimated) with a PLC Yield of 137
Soybeans: 2.7 Base Acres (Estimated) with a PLC Yield of 42
Farm is enrolled in ARC-CO
*Farm Program Information for Tract 2 is currently combined with Tract 3 under Farm #8301 and Tract #8748. Base Acres will be adjusted per the default method when the farm is reconstituted by the Cerro Gordo County FSA Office.
Legal Description
The Southwest Quarter (SW 1/4) of Northwest Quarter (NW 1/4); and the West One-Half (W 1/2) of the Southwest Quarter (SW1/4) of SectionThirteen (13), Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract.
Directions
From Clear Lake, Iowa: Travel south on Grouse Avenue for 5 miles until reaching 190th Street. Turn right (west) on 190th Street for 1 mile. Tract 2 will be located on the north side of 190th Street marked with a Peoples Company sign.
- Total acres
- 120.00
- Net taxes
- 2500.00
- Parcel Number(s)
- 091310000400091330000300091330000100
Tract 3 · 80.00 Acres M/L
Description
Tract 3 includes 80 acres m/l of productive Cerro Gordo County farmland consisting of 78.56 FSA tillable acres with a CSR2 value of 60. Primary soil types include Webster and Storden loam. A wetland determination has been completed on the farm and the tract has been deemed "prior converted" or PC which would allow for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions (Contact Agent for copy of Wetlands Determination). This property is located south of Clear Lake, Iowa in Section 13 of Union Township with close proximity to pavement and convenient access to Interstate 35.
FARM DETAILS
FSA Cropland Acres: 78.56
Corn: 59.1 Base Acres (Estimated) with a PLC Yield of 137
Soybeans: 1.8 Base Acres (Estimated) with a PLC Yield of 42
Farm is enrolled in ARC-CO
*Farm Program Information for Tract 3 is currently combined with Tract 2 under Farm #8301 and Tract #8748. Base Acres will be adjusted per the default method when the farm is reconstituted by the Cerro Gordo County FSA Office.
Legal Description
The East One-Half (E 1/2) of the Southwest Quarter (SW 1/4) of SectionThirteen (13), Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract.
Directions
From Clear Lake, Iowa: Travel south on Grouse Avenue for 5 miles until reaching 190th Street. Turn right (west) on 190th Street for 1 mile. Tract 3 will be located on the north side of 190th Street marked with a Peoples Company sign.
- Total acres
- 80.00
- Net taxes
- 1438.00
- Parcel Number(s)
- 091330000400091330000200
Video
Terms
- Possession
- At Closing, Subject To Tenant's Rights
- Zoning
- Ag
- Legal description
- Tract 1 (84 Acres M/L): The East Half (E 1/2) of the Northeast Quarter (NW 1/4); and the East Sixty-six feet (66') of the Southeast Quarter (SE 1/4) of Section Fourteen (14), all in Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract. Tract 2 (120 Acres M/L): The Southwest Quarter (SW 1/4) of Northwest Quarter (NW 1/4); and the West One-Half (W 1/2) of the Southwest Quarter (SW1/4) of SectionThirteen (13), Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract. Tract 3 (80 Acres M/L): The East One-Half (E 1/2) of the Southwest Quarter (SW 1/4) of SectionThirteen (13), Township Ninety-five (95) North, Range Twenty-two (22) West of the 5th P.M., Cerro Gordo County, Iowa. Exact legal to be taken from abstract.
Cash, Conventional
Remaining terms and conditions are supplied per listing by the CMS.
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