Lorraine Schultes Revocable Trust Land Auction

Thursday, March 5, 2026 at 11:00 AM
farmlandacreagereal estategrain binsfarm buildingsestate sale

Auction Overview

Public land auction for the Lorraine Schultes Revocable Trust featuring 160 acres (more or less) of productive Carroll County farmland, divided in two main parcels, along with a 4.2-acre acreage site that includes a classic 1939 brick home, several large steel sheds, grain bins, a cattle barn, corn crib, and utility building. All parcels are selling on March 5th at 11:00 A.M. at the Dedham Legion Centennial Center. Acreage has rural water and outbuildings. Terms and details available. A great opportunity for area farmers and land buyers.

Featured Items

  • •81 Acres M/L farmland, NWNW & NENW Section 36
  • •80 Acres M/L farmland, SWNW & SENW Section 36
  • •4.2-acre building site with 1939 brick home
  • •48x72x16 steel shed (1991)
  • •30x46x16 steel shed (1990)
  • •3900 bu. grain bin
  • •9500 bu. grain bin
  • •56x64 cattle barn
  • •32x34 corn crib
  • •20x32 utility building
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Original Sale Bill

Full Sale Bill Details

PUBLIC LAND AUCTION Thursday, March 5 at 11:00 A.M. To be held at: Dedham Legion Centennial Center (302 Main St., Dedham, IA 51440) 160 Acres M/L NW 1/4 Section 36, Eden Township, Carroll County, IA - Plus Acreage TERMS: Parcels 1 & 2 will be sold by choice. If successful bidder purchases both parcels, this will be a final sale. If successful bidder purchases either Parcel 1 or Parcel 2, that Parcel will be a final sale & then the remaining parcel will be sold. Parcels 1 & 2 will be sold $/acre. Parcel 3 will be sold as 1 unit. Successful bidders will be required to pay 10% down day of sale with balance due in approximately 30 days & sign a standard real estate contract day of sale. Taxes will be prorated. Lorraine Schultes Revocable Trust Attorney for Estate: Tim Gulbranson with Lane & Waterman LLP Davenport, IA Auctioneers: Steve Seidl 712-210-0209 & Chris Ludwig 712-830-9879 To inspect property, contact Rick Schultes 712-210-3030 For more information and soil maps please go to one of our websites: www.seidlauction.com or www.cludwigauction.com or www.auctionzip.com Auctioneer’s Note: All facts & figures have been researched by the Auction Company, but are not guaranteed of their accuracy. All property sold as-is, where-is and with all faults. All announcements made day of sale will supersede any previous advertisements. Parcel 1: 81 Acres M/L NWNW & NENW Section 36 Eden Twsp. PLC YIELD: Base Acres 75 Corn: 159 CSRII: 78.3 SB: 48 Oats: 62 CRP–2.3 acres at $213./acre expires 2030 Parcel 1 contains a well. Parcel 2: 80 Acres M/L SWNW & SENW Section 36 Eden Twsp. PLC YIELD: Base Acres 75 Corn: 159 CSRII: 73.61 SB: 48 Oats: 62 Parcel 3: Acreage consisting of 4.2 acres including the brick home built in 1939; 1438 sq. ft. with full basement & 510 sq. ft. attic, propane heat & central air. Acreage also contains a 48x72x16 Steel Shed built in 1991, 30x46x16 Steel Shed built in 1990, 3900 bu. & 9500 bu. Grain Bins, 56x64 Cattle Barn, 32x34 Corn Crib & 20x32 Utility Building. Acreage is hooked up to West Central Iowa Rural Water. Note: The new owner will be responsible for upgrading the septic system.

Original auction listing text. See formatted information above.