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103 acres Pasture, Tillable Farmland, Hunting Land Auction

Madison County, Iowa

04-18-2019 2:00 PM

Carl & Mary Miller Auction

Auction Location

Online Only Auction

Listing No.: DDA - 25138

Date: 04-18-2019
Bidding Ends: 2:00 PM

Peru, IA 50222
Bidding Online Only

Bid Online

Directions to Farm

From Peru, head North on Peru Rd for 3.2 miles, then Turn left onto Millstream Ave. Continue for 4 miles, and the farm will be on your left. Watch for signs.

Auction Details

Agent Comments

Farm is 103.05 acres of that 41.3 acres are pasture and hay ground that has wooded draws, 2 ponds, fence conditions vary from fair to good. The farm currently has 32.7 acres enrolled in CRP paying $5939 annually. Cropland acres are 59.54. This a great opportunity to buy a recreational farm that is income producing, plus it backs up to the Clanton Creek wildlife area. 


Sale Method

This will be an online only auction.

Other Improvements

Currently a fence exists between the southern neighbor.  The neighbors have had a "Gentlemans Agreement" for the placement of this fence which does not follow the true property boundaries.  This affects 2 corners of the property and the acreage swap is equal.  At your election as the buyer the seller will pay the survey expense to mark these two corners with a visible marker.  It will be the buyers responsibility to actually move the fence should they choose not to continue the neighborly Gentlemans Agreement and with the seller paying the survey expense to visually mark and locate the proper corners for the fence at those two locations.  

Legal Description

20 - 74N - 27W


The property is open tenancy for 2019.


May 18, 2019

Soil Productivity

53.1 CSR2


$1,728 Annual

Earnest Money

5% due upon acceptance of highest bid on day of auction

Farm Lease

Available for 2019

Terms and Conditions

Identification will be required to register to bid during this auction. Video and audio recording devices will be in use during the auction which may be broadcast via the Internet or used in other places. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC or other approved holding account the proper non-refundable earnest deposit. The Seller(s) will provide a current abstract or other title conveyance instrument at their own expense unless otherwise noted. The sale is not contingent upon buyer financing, all bids are cash bids. This sale is subject to all easements, covenants, leases, and restrictions of record. Buyers must do their due diligence prior to bidding. All property is sold on an "As is – Where is" basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller unless specifically stated. You agree by bidding that you will enroll any CRP acres in your name upon gaining ownership or abide by continuing requires of any government programs or conservation programs on the farm or pay any necessary penalties should you choose not to. The seller reserves the right to accept or reject any and all bids. The successful bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Any announcements made on auction day by the Auctioneer will take precedence over any previous material or oral statements. The Auctioneer may accept absentee, phone or Internet bids from bidders who can not attend the auction or bid on behalf of the seller to advance toward any reserve until the reserve is achieved. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask you to leave if your behavior is not in the best interest of the seller.



Tom Bradley, Land Broker l Auctioneer

Work: (855) 376-3478

Cell: (515) 202-7687


©2018 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warrant or guarantee any information. It is possible that information has been omitted or reported to us in error. All lines drawn on maps are approximate. All acreages are stated as more or less. Representatives of DreamDirt Farm and Ranch Real Estate LLC may offer opinions based on the best information available at the time using assumptions and estimates but this does not guarantee any performance financial or otherwise. It is imperative that you rely on professional advice from legal, tax, financial or other advisors to make any decisions based on your own investigation.

Tract 1

103 Acres
59.54 Tillable Acres
Sold For


Tract Detail

32.73 Acres enrolled in CRP

Legal Description


Soil Productivity

53.1 CSR2