Peoples Company is pleased to present this farmland offering in Traill County, ND.
This property consists of two tracts. Tract one is 33.82 m/l deeded acres with all 33.82 acres being tillable with a productivity index of 95.5. Tract two is 75 m/l deeded acres with 74.53 tillable acres, with a productivity index of 85.9. Tract one is located
off 152nd Ave NE and 4th St NETract two is located off 153rd Ave NE and 4th St NEThis property is under a cash rent agreement for the 2023, 2024, and 2025 crop years. The sellers currently receive cash rent of $135 an acre on 108.53 tillable acres ($14,651.55 annually), which is due November 1, 2023, 2024, and 2025.
Tract one soils are Overly silty clay loam, Bearden Overly silty clay loam, and Fargo silty clay. Tract two only has 2 types of soils, Fargo silty clay, and Fargo-Hegne silty clay. These soils are suitable for raising corn, soybeans, small grains, or sugar beets. Here is your opportunity to own one or two tracts of prime Red River Valley farmland in Traill County, ND. Please call Lindsey Brown at for more information.
This property is Real Estate Owned, or REO.
The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers
5.03 acres of peaceful country beauty.
Trees surround this well kept farmstead. A walk out deck on the second floor to watch the beautiful sunrises and sunsets. 3 bedrooms, 2 baths. The upstairs could be made into 2 bedrooms if needed. Barn is 26 x 34, Shed is 16 x 26 and the garage is 20 x 22 and heated. Only 3 miles from Mayville.
