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113 acres Pasture, Tillable Farmland Auction

Madison County, Iowa

07-21-2020 2:00 PM

John P. Rehard Estate Auction

Auction Location

Online Only

Listing No.: DDA - 25204

Date: 07-21-2020
Bidding Ends: 2:00 PM

255th St
Peru, IA 50222
Bidding Online Only

Bid Online

Directions to Farm

From Peru, head north on Peru Rd for 3.7 miles, then turn right onto Norwood Ave. Continue for 2.5 miles, then turn right onto 255th St. The farm will be on your right. Watch for signs.

Auction Details

This is a timed online auction. ALL bidding will take place online. If you are unable to bid online please contact Auctioneer Tom Bradley 515-202-7687 to make arrangements to place bids offline.

Agent Comments

This great Madison County farm has so much to offer with tillable, pasture and hay ground all on the property. If you are looking to add to your operation take a look at this property southeast of Winterset. The farm offers 75 acres of cropland that currently is 57 aces corn and 18 acres in hay production. 34 acres are being used for pasture,  with running creek providing water, and solid fences. Included in this sale is a steel machine shed, measuring 42x72, 2 grain bins, and a corn crib/barn, measuring 22x32. Farm is currently rented for $16,000 and a prorated rent credit will be given to the new buyer at closing. A survey will be done to parcel of appox 3 acres and the house located in the northwest corner. Taxes will change due to the house and 3 acres being surveyed off. Please respect the tenants rights on the farm, call to set up a viewing today!

Sale Method

Timed Online Only Auction

Home Description

There is no home on this property.

Legal Description

N 1/2 SE 1/4 and the SE 1/4 SE 1/4 Section 20-75N-27W


Landlord possession at closing. A prorated rent credit will be given to buyer at closing.


On or before August 21, 2020

Soil Productivity

59.5 CSR2


$4,642 Annual

Earnest Money

5% due upon signing of purchase agreement

Farm Lease

The farm is leased for the 2020 season.

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


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633


©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.