STORY CO. 130 ACRES M/L (TWO TRACTS) – ONLINE ONLY AUCTION
- Auction
Auction Date: November 12, 2025 8:00 am
- November 12, 2025 1:00 pm
Property Documents
Details
- Land Area 130 m/l Total Acres
- Property Status Available
- Property Type Auction
- Auction Time November 12th, 2025 8:00 am CDT
- Auction City/State Ames, IA
- County Story County, Iowa
- Taxes $6,906
- Listing Date October 7th, 2025
Lat/Long: 42.025131030118,-93.611395089519,11
Description
ONLINE ONLY AUCTION
NOVEMBER 12th, 2024 – 8 AM to 1 PM
ย 130 ACRES M/L OFFERED AS TWO TRACTS
TRACT #1: 62 ACRES M/L
TRACT #2: 68 ACRES M/L
Donโt miss out on these two excellent tracts located in the unincorporated previous town site of Midvale. Tract 1 is the southern section with 62 total acres, m/l, including a home site with 6 outbuildings. Tract 2 is the northern section with 68 acres m/l, including a home site, 2 outbuildings and 2 grain bins. These individual tracts are described in the next pages.
Both tracts have upper 80โs CSR2 cropland with two homes and older outbuildings in a commercially zoned area. The property has county tile running from the NE corner heading west. There are no records of lateral tile lines. The land is rented for 2025 but the lease is canceled for the 2026 crop year.
There is electric and rural water to the property. The homes have been recently rented and are currently unoccupied. A more complete description on the improvements are listed under Tracts 1 & 2.
The land is ideal for a farmer or investor who desires excellent quality land in a great location. There is additional income with the homes and preferential commercial zoning that could add significant value now and in the future.
TRACT 1
This is an ideal high quality tract with a 86.9 CSR2 and a 1.25 acre surveyed acreage. The acreage has a home and 6 outbuildings that the new buyer could sell separately. It is estimated there is 60.75 acres of tillable land. This parcel, if sold separately from Tract 2, will need to be surveyed and the total net acres will be the multiplier. There is an 8โ county tile in the western portion of the farm. No tile records are available for the eastern side of the cropland. There is approximately 14 acres of land zoned commercial on the east side that includes the 1.25 acre home site. The access to this tract is in the NE corner with a shared access with Tract 2.
The home has two bedrooms, two full bathrooms, newer stacked washer and dryer, water heater, furnace, refrigerator, stove and roof. All appliances are being sold as is. There is a newer septic system installed in 2015. There is 75% of LP in the 1000 gallon tank according to the meter. There is a partial unfinished basement that can leak in heavy rains. There are five outbuildings and an old schoolhouse.
Gross: 62 Acres m/l
Township: Palestine
STR: 11-82N-24W
CSR2: 86.9
Taxes: $3,409 m/l
LP Tank: Rented from Key Coop
Legal Description: Subject to survey.
Address: 29567 US Highway 69, Huxley
- One Story Home on a 1.25 acre tax parcel
- Built in 1915 with additions & updates
- 964 SF Living Area (assessor)
- Newer Roof, Updated Septic
- Two Bedrooms, 2 Baths, Partial Basement w/ Sump Pump
- Central Air/LP Heat
- Previously Rented for $930/mo
- Sellerโs disclosure & Septic info available for review
TRACT 2
Another ideal high quality tract with an 87.3 CSR2 and a 2.09 acre acreage. The acreage has a home,
2 outbuildings and 2 grain bins that the new buyer could sell separately. It is estimated there is 65.9 acres of tillable land which includes the small pasture field north of the house. If sold separately from Tract 1 this tract will need to be surveyed and the total net acres will be the multiplier. There is a 16โ county tile running from the middle of the
southern border to the NE corner area. There is approximately 4 acres of land zoned commercial on the east side that includes the 2.09 acre building site. The access to this tract is in the SE corner with shared access with Tract 1 plus a future farm entrance approved by the Iowa DOT in the pasture area north of the home accessing Hwy 69.
The home is an older two story home with four bedrooms – one on the main level and three upstairs, one full bathroom on the main level and a half bath upstairs, nice sized kitchen with a dishwasher, stove & refrigerator, stacked washer and dryer, central AC and a high efficiency furnace. All appliances are being sold as is. There is a low ceiling unfinished
basement. There is a newer septic system installed in 2016. There is an LP tank that is 80% full according to the meter on the 1000 gallon tank.
Gross: 68 Acres m/l
Township: Palestine
STR: 11-82N-24W
CSR2: 87.3
Taxes: $3,764 m/l
LP Tank: Rented from Key Coop
Legal Description: Subject to survey.
Address: 29509 US Highway 69, Huxley
- 2 Story Home on a 2.09 acre tax parcel
- Built in 1890
- 1,610 SF Living Area (assessor)
- Newer Roof, Updated Septic
- Four Bedrooms, 1.5 Baths, Full
- Basement
- Central Air/LP Heat
- Previously Rented for $995/mo
- Sellerโs disclosure & Septic info available for review
Auction Terms
Virginia M. Lee Rev Trust
Online Only Auction โ Story County, Iowa
Auction Sales Method: The farm will be sold as 2 separate tracts on a price per acre basis to the high bidder. This is a RESERVE Auction and the final bid will be presented to the owners and their advisors to decide whether to accept the top bid. The trustees have every intention to sell the properties, but they have the right to reject any and all bids. ALL ANNOUNCEMENTS ON AUCTION DAY or UPDATED AUCTION TERMS TAKE PRECEDENT OVER PREVIOUSLY PROVIDED ADVERTISED INFORMATION.
Both Tracts #1 & #2 will be open for online bidding at 8 am on Thursday November 12th 2025 and will begin closing at 1 PM Thursday November 12th 2025. Each Tracts bidding will end at their specified times above unless there is a bid ON EITHER TRACT in the last 3 minutes before the ending time, then BOTH timers will be extended another 3 minutes until NEITHER Tract has received a bid in the extended minutes. At that point the final price will be determined.
The acre multiplier will be the net surveyed acres. The final total sale price will be the net surveyed acres x the final price per acre from the auction. The top bidder will be contacted by Gannon Real Estate & Consulting within 48 hours to report the ownerโs decisions.
Online Bidding: Register to bid at http://bid.gannonre.com/auctions. It is the responsibility of the bidders to ensure they have access to a strong internet connection while bidding. By using Gannon Real Estateโs online auction platform, bidders acknowledge that Gannon Real Estate is not at fault for slow internet, connectivity issues or outages. No phone bids will be accepted without prior approval.ย All bidders must be registered on the bidding platform website to bid.
Possession: Full possession of the homes will be at closing – the rest of the land is subject to the farm lease ending Feb. 28, 2026. The lease allows access to the farmland for tillage and fertilization purposes after harvest.
Closing: Closing will be on or before December 15th, 2025, but we could accommodate a delayed closing for 1031 exchanges or other reasons if they are approved ahead of November 12th, 2025.
Earnest Money: A 10% earnest money payment is required to be paid when the final contract is signed. This will be paid in the form of a cashierโs check, cash or wire transfer.
Farm Lease: The farm lease has been canceled and is open to farm for the 2026 cropping season.
Contract and Title: Upon conclusion of the auction and the decision by the sellers, the highest bidder will enter into a real estate sales contract and submit earnest money payment to Gannon Real Estate. The seller will provide an updated abstract at their expense. The sale is not contingent upon the Buyers financing.
Mineral Rights: All mineral rights will be conveyed to the buyer (if any).
Taxes: Real Estate taxes will be prorated to closing.
Survey: Property will be surveyed at sellerโs expense.
Fences: The fences, if any, are assumed to be the โright hand ruleโ but this is not guaranteed nor the adequacy of the fences.
Other: The sale is subject to all easements, covenants and restrictions of record. The property is sold โas is – where isโ basis with no warranties expressed or implied by the Sellers or Gannon Real Estate & Consulting. Bidding increments are at the sole discretion of Gannon Real Estate & Consulting. Gannon Real Estate & Consulting only represents the Seller.
Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Sellers and Gannon Real Estate & Consulting. Overall tract acres, tillable acres, etc. may vary from figures stated within marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal description in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the survey and abstract. Please do not drive on the property in wet conditions. Anyone that accesses the property assumes all liability for this access and damage to the property they cause.
Directions
From Huxley go north on HWY 69 1.2 miles and the land is on the West side, between 290th and 300th St.
From Ames go south on HWY 69 4 miles and the land is on the West side, between 290th and 300th St.
