Mahaska County, IA Land Auction – 1st State Bank

Monday, August 29, 2022 - 10:00 am Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

SOLD!

TRACT 1 – $6,200 PER ACRE

TRACT 2 – $4,050 PER ACRE 

 

TOTAL – $1,244,988.50

Location

Mahaska County, Iowa

These farms are located in Section 22, Monroe Township and Section 36, White Oak Township, Mahaska County, IA near Rose Hill, IA. (Rose Hill, IA is located 11 miles east of Oskaloosa, IA.)

Tract 1 is generally located 4 miles north of Rose Hill, IA. From Rose Hill, IA take Co. Rd. V13 (Urbana Ave.) north 3½ miles to 195th St. Turn right or east and proceed 1½ miles to the tract. Tract 2 is generally located 6 miles southeast of Rose Hill, IA. From Rose Hill go south 4½ miles on Co. Rd. V13 (Ventura Ave.) to 275th St. Turn left or east & south and proceed 1 mile to 280th St. Turn left or east and go 2 miles to York Ave. Turn left or north and go a short distance to the tract.

(Be watching for presale directional signs)

Seller

1st State Bank

Managed By

John Probasco (641) 856-7355

General Information

245.32 Acres± • 2 Tracts

Mark your calendars now for this upcoming Mahaska County, Iowa land auction. Tract 1 offers productive tillable farmland that is improved with several areas of terraces with tile inlets and includes desirable recreational acreage with North Skunk River access. Tract 2 offers productive tillable farmland, improved pastureland and the wooded areas on the parcel feature attractive recreational acreage. This is an auction you will not want to miss!

Tract Information

TRACT 1 - 116.95 SURVEYED ACRES

  • FSA information indicates 94.98 acres of tillable cropland, including 45.13 acres in CRP. There is 44.40 acres in CRP (CP23) with a payment of $226.58 per acre expiring in 2024 and there is 2.73 acres in CRP (CP42) with a payment of $271.44 per acre expiring in 2027. The balance of this tract includes desirable recreational acreage with North Skunk River access and wooded draws.
  • Nodaway, Colo & Clinton soils.
  • CSR2 is 69.4
  • This tract is improved with several areas of terraces with tile inlets.
  • Access is on the south by 195th St. and on the west by Ventura Ave.

TRACT 2 - 128.37 TAXABLE ACRES±

  • FSA information indicates 73.74 acres of tillable cropland. The balance of the tract is in improved pastureland and hardwood timber areas offering attractive hunting and recreational acreage.
  • Clinton, Caleb & Emeline soils.
  • CSR2 is 38.7
  • This tract is improved with a 42’ x 46’ machinery/livestock building, cattle holding pens, a nice large pond and a small pond.
  • Access is on the east by York Ave. & on the south by 275th St.

Method & Terms

The 1st State Bank farm will be sold on a price per acre basis. Tract 1 will be sold first, based on a survey that has recently been completed. Tract 2 will be sold next, based on the taxable acres. The tracts will NOT be offered together at the conclusion of the auction. Bidding is NOT subject to any contingencies, including but not limited to financing,  appraisal, or inspection.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before September 29, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on both tracts will be given at the time of closing subject to a lease with the current tenant for the 2022 crop year. 

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold “As Is”.

Aerial Tour

Plat Map

Aerial Maps

SOIL MAPs

Photos

1st State Bank - Seller

 

Representing Attorney:

Matthew Laughlin
Dentons Davis Brown PC
The Davis Brown Tower
215 10th Street, Suite 1300
Des Moines, IA, 50309
(515) 246-7934

 

Auction Manager:

John Probasco (641) 856-7355