FRANKLIN COUNTY: 423 ACRES M/L
- The Dirt Dealer
- 3 days ago
- 6 min read
OFFERED IN MULTIPLE TRACTS
FRIDAY, JUNE 6, 2025 at 10:00 AM
ECC AGRICULTURAL CENTER
705 ELLSWORTH AVENUE
IOWA FALLS, IOWA
LISTING AGENTS:
LISTING # 25108
DESCRIPTION: 423 acres m/l to be offered in four individual tracts at auction on Friday, June 6th, 2025, at 10:00 A.M. Tract 1 consists of 53 acres m/l with 51 taxable acres m/l and 50.87 cropland acres m/l. Tract 2 consists of 147 acres m/l with 146 taxable acres m/l and 146.29 cropland acres m/l. Tract 3 consists of 114 acres m/l with 112.97 taxable acres m/l and 112.01 cropland acres m/l. Tract 4 consists of 109 acres m/l with 108.43 taxable acres m/l and 106.77 cropland acres m/l. Tract 1 has a CSR2 of 80.7, Tract 2 has a CSR2 of 80.3, Tract 3 has a CSR2 of 86.4, and Tract 4 has a CSR2 of 80.5. The Franklin County average CSR2 is 79.4.
DIRECTIONS: From Hampton, Iowa, go south on State Highway 65 approximately 5 miles to 95th Street. Head east on 95th Street for 1/2 mile. The subject tracts are located on the south side of 95th Street. Quail Ave borders the east side of Tracts 1, 2, & 3 with Highway 65 bordering part of Tract 4 on the west side. Please watch for real estate signs.
TRACT 1
LEGAL DESCRIPTION: (53 Acres M/L) Tract in the Southeast Quarter of the Northwest Quarter (SE1/4 NW1/4) lying south of the county road (95th Street), and Except commencing at the SW corner of the SE1/4 NW1/4, East 30.5 Rods, North 29.5 Rods, East 2 Rods, North 10.5 Rods, West 32.5 Rods, South 4 Rods to the point of beginning; All that part of the South One-Half of the Southeast Quarter of the Northeast Quarter (S1/2 SE1/4 NE1/4), Except Survey Parcel 2025-1; Parcel 2023-20 in the SW1/4 NE1/4; South One-Half of the Southwest Quarter of the Northwest Quarter (S1/2 SW1/4 NW1/4), Except Parcel 2023-19 and Parcel 2023-20; Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), north of the ditch; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), north of the ditch; all in Section Twenty-seven (27), Township Ninety-one (91), Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 50.87 acres (Est)
Corn Base: 37.93 acres PLC Yield: 147 bu.
Bean Base: 4.17 acres PLC Yield: 59 bu.
This farm has 10 acres of HEL in the northwest corner. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $1,718/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
TRACT 2
LEGAL DESCRIPTION: (147 Acres M/L) Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4), south of the ditch; Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4), south of the ditch; Southwest Quarter of the Southeast Quarter (SW1/4 SE1/4); Southeast Quarter of the Southeast Quarter (SE1/4 SE1/4), all in Section Twenty-seven (27), Township Ninety-one (91), Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 146.29 acres (Est)
Corn Base: 109.07 acres PLC Yield: 147 bu.
Bean Base: 11.99 acres PLC Yield: 59 bu.
This farm is classified as HEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $4,920/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
TRACT 3
LEGAL DESCRIPTION: (114 Acres M/L) Northeast Quarter of the Northwest Quarter (NE1/4 NW1/4); Northwest Quarter of the Northeast Quarter (NW1/4 NE1/4); Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4), Except the South 24 1/2 Rods of the East 15 Rods and Except commencing at the NE corner of the NE1/4 NE1/4, South 289’ along the east line of the NE1/4 NE1/4 to the point of beginning, then South 560’, West 352.4’, North 560.28’, East 340.3’ to the point of beginning, all in Section Thirty-four (34), Township Ninety-one (91), Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 112.01 acres
Corn Base: 88.2 acres PLC Yield: 147 bu.
Bean Base: 24.3 acres PLC Yield: 59 bu.
This farm is classified as NHEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $3,920/year. Property taxes will be prorated to date of closing.
IMPROVEMENTS: This property is unimproved except for field drainage tile. There is also a wind turbine on the property with an accelerated payment of approximately $6,400 annually. Seller will retain the entire payment for 2025.
TRACT 4
LEGAL DESCRIPTION: (109 Acres M/L) Southeast Quarter of the Southwest Quarter (SE1/4 SW1/4); South One-Half of the Northeast Quarter of the Southwest Quarter (S1/2 NE1/4 SW1/4); Southwest Quarter of the Southwest Quarter (SW1/4 SW1/4), Except Parcel 1127300003; South One-Half of the Northwest Quarter of the Southwest Quarter (S1/2 NW1/4 SW1/4), Except the South 157’ of the West 360.35’, all in Section Twenty-seven (27), Township Ninety-one (91), Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 106.77 acres (Est)
Corn Base: 79.6 acres PLC Yield: 147 bu.
Bean Base: 8.75 acres PLC Yield: 59 bu.
This farm is classified as HEL. No Wetlands Determination is complete at this time.
PROPERTY TAXES: $3,506/year (Est). Property taxes will be prorated to date of closing.
IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.
TERMS AND CONDITIONS
FARM LEASE: The subject properties are rented for 2025. The leases for 2026 have been terminated. The seller will retain 100% of the cash rent income from the 2025 crop year.
SALE METHOD: This farm will be offered as four individual tracts only. Tract 1 will be sold as 53 acres m/l, Tract 2 will be sold as 147 acres m/l, Tract 3 will be sold as 114 acres m/l, and Tract 4 will be sold as 109 acres m/l. Tracts 1 & 2 are subject to survey and the total purchase prices will be adjusted accordingly.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about September 15, 2025.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs on advertised tracts only.
CLOSING: Closing will occur on or about September 15, 2025. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs on advertised tracts only.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.
ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals can not be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted.
ATTORNEY: John Coonley
SELLERS: Thielen Farms Inc.
This sale is subject to all easements, covenants, leases and restrictions of record. 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 potential buyers are urged to perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made 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. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
