83 Acres M/L of Tama County Farmland Selling at Public Auction
Upcoming Auction
Tama County, IA
82.54 Acres M/L
82.54 Acres M/L
125th Street/P Avenue
Traer, IA 50675
| Price | Click to Bid Online |
| Listing | #18503 |
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- MLS Number: 724421
- Parcel Number: 03.15.300.011
- School District: North Tama County Community School District
- General Area: West of Buckingham, Iowa; North of Traer, Iowa
- Gross Taxes: $3,760.00
- CSR2: 88.5
- Zoning: Agriculture
Additional Info
Farm had extensive drainage tile installed in 2009 and 2015. Please see the attached Tile Maps for additional information. A Certified Wetland Determination was completed in 2014 and the tract has been deemed "prior converted" or PC which would allow for current drainage tile to be maintained and new drainage tile to be installed on the farm without any restrictions.
Farm boundaries were originally surveyed in May of 2010. Sellers recently hired a surveyor to reconfirm that the east boundary markers are correct. There are flags and PVC pipes on the t-posts to designate the northeast and southeast corners of the tract.
Farm boundaries were originally surveyed in May of 2010. Sellers recently hired a surveyor to reconfirm that the east boundary markers are correct. There are flags and PVC pipes on the t-posts to designate the northeast and southeast corners of the tract.
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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Auction Details & Terms
Tama County, Iowa Land Auction
82.54 Acres M/L
Friday, November 14th, 2025, at 10:00 AM
Friday, November 14th, 2025, at 10:00 AM
Auction Location:
Traer Memorial Building
414 2nd Street
Traer, Iowa 50675
Traer Memorial Building
414 2nd Street
Traer, Iowa 50675
Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the Traer Memorial Building in Traer, Iowa. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
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.
Farm Program Information: Farm Program Information is provided by the Tama County Farm Service Agency. 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 Tama 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 a certified check or wire transfer. All funds will be held in Peoples Company’s Trust Account.
Closing: Closing will occur on or before Friday, December 19th, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.
Possession: Possession of the land will be given At Closing, Subject to Tenant's Rights.
Farm Lease: This farm is leased for the 2025 farm season. The farm has an open lease for the 2026 farm season.
Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. The Sale is not contingent upon Buyer financing.
Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.
Property Taxes: All real estate taxes will be prorated between the Seller and Buyer to the date of closing.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
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, which can accept or reject any and all bids. 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. 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.
Photos
