350th Street/Zebra Avenue
Dexter, IA 50070
214.29 Acres M/L - Guthrie & Adair Co, Iowa · Land For Sale · 214.29 AC

Guthrie & Adair County, Iowa Land Auction – Mark your calendar for Friday, December 17th, 2021 at 10:00 AM! Peoples Company is honored to represent Gebbie Heritage LLC in the sale of 214.29 total acres m/l of Guthrie and Adair County, Iowa farmland! The Gebbie farmland has been a longtime family held heirloom with the original farm purchased in 1943 with the balance purchased in 1968. After Kenneth’s military service, Kenneth and “Chic” Gebbie worked as a team raising their family and making a living on these farms. Chic is affectionately remembered for keeping the homestead and gravel roads free of trash and thistles. Of the 214.29 total acres m/l in this portfolio, the Gebbie Heritage LLC farmland includes 177.42 FSA cropland acres carrying above-county CSR2 ratings. The Guthrie County farmland tracts have been owned by the family since 1943 and Adair County farmland tract since 1968, marketing family ownership for 78 and 53 years. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these three tillable, contiguous tracts of farmland would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. The farmland is located just 2 ½ miles southwest of Dexter, Iowa, a mile south of White Pole Road and in Section 35 of Penn Township, Guthrie County & Section 1 of Lincoln Township, Adair County. A single-family home and acreage site will be offered for sale and included in this auction for a buyer wanting to enjoy the countryside. This home can be viewed by contacting the listing agent, Matt Adams, or by attending the Open Houses on Sunday, December 5th from 1:00 PM to 4:00 PM and Thursday, December 9th from 4:00 PM to 7:00 PM. Tract 1: 53.75 acres m/l with 51.98 FSA cropland acres carrying a CSR2 soil rating of 88.2. Tract 2: 83.66 acres m/l with 77.53 FSA cropland acres carrying a CSR2 soil rating of 82.7. Tract 3: 72.49 acres m/l with 47.91 FSA cropland acres carrying a CSR2 soil rating of 71.1. Tract 4: Home and 4.39-Acre Acreage Site - A 1,168 Sq. Ft., single-family, ranch style home, built in 1976, with 3 bedrooms, 1 bath with a detached 22' x 16' car garage. Locally known as 3495 Zebra Avenue, Dexter, Iowa 50070, this acreage site also includes a 40' x 22' wood framed pole building, currently being used as a cattle shed, a 48' x 28' hog house, a 48' x 20' open-fronted, wood-framed pole barn, a 45' x 36' steel utility machine shed, and four steel grain bins with approximately 18,000-bushel capacity. The four tracts will be offered via Public Auction and will take place at 10:00 AM at the Dexter Community Center (Roundhouse Building), 707 Dallas Street, Dexter, Iowa 50070. The farmland tracts will be sold as three individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or any of the tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased and removed from the auction. The acreage site (Tract 4) will be offered through a traditional auction as a total purchase price. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.