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Auctioneer Fraise Auction & Real Estate 319-367-5744
Auction Date Apr 28 Auction
2825 Hwy 27
Argyle, IA
Time 09:00AM
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AuctionZip Auctioneer ID# 2170




SATURDAY, APRIL 28TH, 2018 AT 9:00 A.M.


(½ mile North of Argyle or 6 ½ miles South of Donnellson, Iowa)



The Peel Land is located in Section 5, T66N●R6W, Des Moines Township, Lee County, Iowa and is generally located 6 ½  miles south of Donnellson, Iowa along Hwy. 27 (Avenue of the Saints). Tract 1 is a very nice acreage and is improved with a well maintained 3 bedroom home with pole barn/shop. Tracts 2 & 3 both represent good building sites and excellent hunting & recreational tracts of land with premier whitetail habitat.  Additionally, there are many species of hardwood trees with timber marketing potential. This will be some of the best hunting land offered at auction to date!

TRACT 1: 4.0 Surveyed Acres with Home & Outbuilding

  • Very nice acreage nestled back from the road with mature trees and lots of wildlife scenery.
  • Improved with a Wick ranch style, 3 bedroom home built in 1980 with 1,152 sq. ft. of main floor living area.  Other features include: full walkout basement, attached 2 car garage, energy efficient furnace w/central AC, plus a Riteway wood burning furnace for a secondary heat source. Additionally, there is a 30 X 45 steel utility building and the acreage is serviced by Rathbun Rural Water.
  • Estimated Annual Real Estate Taxes: $700.00

TRACT 2: 35.69 Surveyed Acres of Outstanding Hunting/Recreational Land

  • Primarily all timber and represents some of the best hunting land in the area with premier whitetail habitat including thick brush, bedding areas, streams, & approximately 5 acres of open land that would be ideal for food plots.  There are established trails/road systems and potential building sites.
  • Many species of hardwood trees with timber marketing potential!
  • Access from Hwy. 27 (Avenue of the Saints)
  • Estimated Annual Real Estate Taxes: $391.00

TRACT 3: 35.21 Surveyed Acres of Outstanding Hunting/Recreational Land

  • Excellent acreage to build your “Dream Home” on.
  • Approximately 5.25 acres of tillable farmland with the balance of timber.  This Tract adjoins Tract 2 and also offers some of the best hunting land in the area with premier whitetail habitat including thick brush, bedding areas & streams.  There are also established trails/road systems.
  • Many species of hardwood trees with timber marketing potential
  • Access from 280th Street
  • Estimated Annual Real Estate Taxes: $324.00


Tract 1 sells first and will sell for a lump sum total dollar amount. Tracts 2 & 3 will sell on a price per acre basis, based on the number of surveyed acres to calculate the final price. Tracts 2 & 3 will be sold by the “Buyer’s Choice” marketing method, whereas the high bidder can purchase (in any order) either or both tracts for their high bid.

Ten percent (10%) down payment due on day of auction upon signing a written purchase agreement immediately following the close of bidding.  Balance to be paid upon delivery of merchantable abstract and deed with a proposed closing date of May 25, 2018. Possession will be given at closing.  The real estate taxes will be prorated to the date of closing based on the last available tax statement and all prior taxes. The Seller’s at their expense shall comply with Iowa DNR Septic System Law, prior to closing. The down payment may be paid in the form of cash, personal check, business check or cashier’s check.

ANNOUNCEMENT:  Information contained herein is presented on behalf of the seller.  Fraise Auction & Real Estate, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions.  Buyers should verify the information to their own satisfaction.  All acreage amounts, lines drawn on maps & photos, etc. are approximate.  Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.  This real estate sells “as is, where is” with no express or implied warranties pertaining to the property. All sales are final.



  • ’03 Chevy Impala 4dr sedan, 6 cyl., PW, PL and 152,279 miles. Very well maintained
  • '08 John Deere 3203 4X4 utility tractor, diesel, 32hp., and sells w/John Deere 300CX loader, only 392 actual hours, same as new
  • Little Rhino 3pt. 8’ blade
  • Woods model 5 3pt. brush mower
  • Homemade 3pt. 70” finish mower
  • John Deere 2 bottom steel wheel plow
  • Homemade heavy duty pto log splitter
  • 5’ road drag
  • Kelly-Ryan pto manure spreader
  • 2 2-wheel trailers
  • 4-wheel dump wagon w/hyd. hoist


  • John Deere 68 riding mower
  • Stihl MS 180C chainsaw & case, like new
  • Stihl FS 45 gas string trimmer
  • Cutting torch & tanks
  • Miller 225 arc welder
  • Porter Cable 2500 watt brushless generator
  • Snap On 1650 PSI elec. pressure washer
  • Nut & bolt bins, welding tables, etc.
  • Lrg. bench grinder & stand
  • 24’x15” culvert
  • Log chains & binders
  • Vintage 52 pc. CARD tap & die set
  • Shovels, axes, etc.
  • Assorted wrenches & misc. hand tools
  • Fencing tools, supplies & T posts
  • Ladders, ext. cords, elec. pole saw & trimmer
  • Scrap metal


  • Maytag Performance 20.8 cu. ft. refrigerator
  • Tappan Designer series elec. self-cleaning oven
  • Whirlpool top load washing machine & Maytag elec. dryer
  • Montgomery Ward upright 26 cu. ft. freezer
  • Misc. household goods

Auctioneer’s Note: The Peel property offers incredible real estate opportunities for rural home & acreage buyers & hunting/recreational enthusiasts. Additionally, there are nice clean household items, plus name brand outdoor equipment.  This will be a very short auction, you will want to be on time! Brief Sale Order: Small hayrack items begin at 9:00 A.M., immediately followed by the tractor and equipment. Real Estate sells at 10:30 A.M. Food & restroom available. Not responsible in case of accident, errors or omissions. Announcements made sale day take precedence.


Laura M. Krehbiel Law Office

712 Orchard St., Donnellson, Iowa 52625 – Attorney for Seller

Fraise Auction & Real Estate

2311 Avenue L, Fort Madison, Iowa 52627

319- 372-9121   OR   319-367-5744



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    Auction Listings provided by Although the information published herein is from sources deemed reliable, expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.
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