Auction Date:
August 22, 2024 | 11:00 am Auction Location / Nearest City:
29300 Prospect Circle, Adel, IA, USAFeatured items:
- Tract 1 has 39.75 taxable acres with a CSR2 of 87.9
- Tract 1 soil types consist of Clarion loam & Coland-Terril complex
- Tract 2 has 65.75 taxable acres with a CSR2 of 89.6
- Tract 2 soil types consist of Clarion loam, Nicollet loam & Webster clay loam
- Farms have been well cared for by the family and tenant
- These are quality farms that are known producers year after year.
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Auction Description:
105.5 ACRES / DALLAS COUNTY, IA
Live and Online at Ranchandfarmauctions.com
Auction Date: 08/22/2024 Auction Time: 11:00 AM CT
Auction Venue Location: Country Lane Lodge, 29300 Prospect Circle, Adel, IA 50003
Entire Farm Description:
Ranch & Farm Auctions, a Division of Whitetail Properties Real Estate, is proud to represent Glass, LLC and the Charles Richard Stacy Trust in the sale of 105.5 taxable acres m/l of high-quality Dallas County, Iowa farmland. Located in Section 3 of Adams Township, these highly tillable farms consist of 100.08 FSA tillable acres carrying a weighted average CSR2 of 89. The primary soil types are Clarion loam, Clarion loam Bemis moraine and Nicollet loam with slope ratings between 1 – 10 percent. The balance of the farm consists of a managed waterway at the northern end of Tract 1 and an old homesite with multiple buildings in the northwest corner of Tract 2. These are quality farms in a highly desirable and sought-after area in Dallas County. They will continue to produce strong yields year after year with future development potential. These farms would make for a solid investment to diversify your portfolio, park 1031 Exchange funds or be a great addition to your current farming operation. For more information about these incredible farms, call the Listing Agent at (641) 757-9156.
Tract 1 Description: 39.75± Acres
This tract has high quality tillable acres with a weighted average CSR2 of 87.9, which is well above the county average. This farm has flat to gently rolling terrain with good drainage. 94% of the farmland acres are in production with the balance coming from managed waterways. The half mile long straight rows makes for efficient planting and harvesting. The farm has a good field entrance in the northwest corner along 312th St.
Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312th St for ½ mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 1.
Farm Information: 39.75 acres m/l with 37.30 FSA cropland acres.
Legal Description: 2-78-28 W1/2 GOV LOT 20 & W1/2 NW SW. The exact legal description is to come from the abstract.
Taxes: 2022 property taxes were $1,289.98
Details:
Tract #: Tract 1
Deeded Acres: 39.75 Acres Gross/Taxable
FSA Farmland Acres: 37.3 Acres
Soil Types: Clarion loam, Clarion loam, Bemis moraine & Coland-Terril complex
Soil CSR2: 87.9 CSR2
CRP Acres/payment: n/a
Taxes: $1,289.98
Lease Status: Open Tenancy for 2025 crop year
Possession: Immediate possession subject to current tenant’s rights for 2024
Survey Needed: No survey needed
Brief Legal: W1/2 GOV LOT 20 & W1/2 NW SW 2-78-28
PIDs: 1402100006
Lat/Lon: 41.582446, -94.049952
Zip Code: 50003
Tract 2 Description:65.75± Acres
This tract has high quality tillable acres with a weighted average CSR2 of 89.6 with more than 77% of the cropland acres having a 91 CSR2! This farm is flat with good drainage to the northeast and south. This tract measures .25 miles wide and .40 miles long with 97% of the farmland acres in production. There is an acreage in the northwest corner of the property with a 30’ x 30’ steel utility building, 41’ x 62’ pole barn, 51’ x 100’ steel utility building and a grain bin. The buildings are currently rented for storage to increase the overall revenue on the property.
Property Location: From Adel, head south on US-169 (N Ave.) for 1 mile. Turn right (west) on Meadow Rd. and continue for 2.5 miles. Continue west onto 312th St for 3/4 mile. The field entrance will be on the left in the northwest corner of the subject property. Signs will clearly identify the property as Tract 2.
Farm Information: 65.75 acres m/l with 62.78 FSA cropland acres.
Legal Description: 3-78-28 S1/2 N53 1/3RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3RD W80RD NW SE. The exact legal description is to come from the abstract.
Taxes: 2022 property taxes were $2,300.83
Details:
Tract #: Tract 2
Deeded Acres: 65.75 Acres Gross/Taxable
FSA Farmland Acres: 62.78 Acres
Soil Types: Clarion loam, Clarion loam, Bemis moraine, Nicollet loam & Webster clay loam, Bemis moraine
Soil CSR2: 89.6 CSR2
CRP Acres/payment: n/a
Taxes: $2,300.83
Lease Status: Open Tenancy for 2025 crop year
Possession: Immediate possession subject to current tenants’ rights for 2024
Survey Needed: No survey needed
Brief Legal: S1/2 N53 1/3RD W80RD NW SE & GOV LOT 18 & N1/2 N53 1/3RD W80RD NW SE 3-78-28
PIDs: 1403400001, 1403200006
Lat/Lon: 41.583131, -94.058436
Zip Code: 50003
Seller Attorney Information: Holzworth Law Firm – Michael Holzworth, Attorney, 5835 Grand Avenue Suite 104, Des Moines, IA 50312, (515) 274- 0279.
Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction – cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted – Bidders shall rely entirely on their own information and judgments
Tract 1 has 39.75 taxable acres with a CSR2 of 87.9
Tract 1 soil types consist of Clarion loam & Coland-Terril complex
Tract 2 has 65.75 taxable acres with a CSR2 of 89.6
Tract 2 soil types consist of Clarion loam, Nicollet loam & Webster clay loam
Both farms offer long straight rows for efficient farming
Located only minutes from Adel, IA
Tenancy is open for 2025.
Tract 2 has additional income from monthly storage
Farms have been well cared for by the family and tenant
These are quality farms that are known producers year after year.
29300 Prospect Circle, Adel, IA, USA
Adel, IA
Auction Location / Nearest City:
29300 Prospect Circle, Adel, IA, USAShare this on:
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