Upcoming Auction

Lee County, IA
89.88 Acres M/L

1698 130th Street
Donnellson, IA 52625

Price	Click to Bid Online
Listing	#19816

Land Agent & Auctioneer

Riley Sieren

Office: 855.800.LAND
Mobile: 319.591.0111
Riley@PeoplesCompany.com

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Senior Land Agent

Matt Adams

Office: 855.800.LAND
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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Property Info

Description

Mark your calendars for Friday, November 6th, 2026! Peoples Company is proud to present 89.88 acres m/l located just outside of Houghton, Iowa, in Lee County. The live public auction will be held at 10:00 AM at the Knights of Columbus Hall in Houghton, IA. Live and online bidding options will be available.

This highly productive farm includes 74.43 FSA Cropland acres carrying an impressive CSR2 of 71.2. The farm lease has been terminated, making the tillable acres open for the 2027 cropping season. Numerous tile intakes can be seen throughout the property, and additional drainage tile has been installed over the years. No tile maps have been provided. There are 6.42 acres enrolled into CRP "Conservation Reserve Program" CP22 contract with an annual payment of $379. This CRP contract is set to expire September 30th, 2029.

There is a 1900's 2,029 SF house on the property that is not currently livable. Dwellings will be sold "As Is, Where Is." The buyer will be responsible for the cost of any improvement, replacement, or repairs to the current septic/wastewater treatment system. The buyer will be required to sign a binding agreement with Lee County at Closing as part of the "Time of Transfer" requirement with the Ground Water Hazard Statement. This is an acknowledgment by the Buyer to either vacate/demolish or improve/update the current septic system per Iowa Law. Contact Agent for further details.

Located in Section 19 of Marion Township, Lee County, Iowa, this property represents a great opportunity for a variety of buyers, whether you’re looking to expand your existing operation, acquire a manageable and efficient tract as a beginning farmer, or invest in high-quality farmland in a strong agricultural region. The farm’s prime location provides convenient access to multiple grain marketing facilities throughout the area.

Don’t miss this rare opportunity to purchase a well-maintained, high-producing farm in the heart of Lee County, IA.

**No Buyers Premium.

Legal Description

89.88 Acres m/l located in Section 19 of Marion Township, Lee County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Houghton, IA, travel south out of town on 160th Avenue for approximately 1 mile. Turn east onto 130th Street and travel for approximately 1 mile. The farm will be located on the south side of the gravel road. Look for signs.

Sign On Property: Yes
Parcel Number: 022102192000030, 022102192000050, 022102194000030
School District: Fort Madison CSD
General Area: Houghton, IA
Net Taxes: $3,562.00
CSR2: 71.2
Zoning: Agriculture

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

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FSA Aerial Map

Total Soils Map

Tillable Soils Map

FEMA Flood Map

FSA Map

CRP Contract

Plat Map

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Auction Details & Terms

Lee County, IA Land Auction
89.88 Acres M/L
Friday, November 6th, 2026 at 10:00 AM

Auction Location:
Knights of Columbus Hall
413 Main Street
Houghton, IA

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The farmland tract will be sold on a per-acre basis as a single tract and offered through the "Traditional Auction Method". This auction can also be viewed through a Virtual Online Auction option with online bidding available.

Farm Program Information: Farm Program Information is provided by the Lee County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Lee County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of or check or wire transfer. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Friday, December 18th, 2027. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farm lease has been terminated and will be open for the 2027 cropping season.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing. Final sale is Subject to Court Approval.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. The buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Abstract.