ACREAGE AUCTION

MT. UNION, IOWA
Located at 2644 170^th Street, Mt. Union, Iowa 52644

Bidding Opens: Thursday, June 17^th

Bidding Closes: Thursday, June 24, 2021 at 10AM

Open House on Thursday, June 10^th from 10-11AM and by appointment

TWO STORY HOME & OUTBUILDINGS ON 2.51 ACRES M/L

Here is a chance to own a home with several usable outbuildings all on a hard surface road. The home offers 1,940 sq.ft. of total living space and was built in 1915.

Floor Plan:

• Kitchen with large breakfast bar, refrigerator, stove & dishwasher.
• Full bath adjacent to kitchen.
• Newer addition with a large living room with bay window & covered porch.
• Formal dining room.
• One bedroom on the main level.
• Main level laundry room with washer & dryer.
• Three bedrooms upstairs.

Amenities of the Home:

• Basement with Weil McLain heat pump.
• Rural water & a well (condition unknown).
• 200 amp breaker box.
• Mature trees with established windbreak.
• 2.51 acres M/L.

Outbuildings:

• 22’x26’ detached 2 car garage.
• 32’x38’ barn with 22’x38’ addition with overhead door, built in 2005.
• 20’x26’ shed with overhead door & attic storage.
• 27’x32’ corn crib.
• 14’x20’ chicken coop.
• 10’x16’ small shed.

Included: Refrigerator, Stove, Dishwasher, A/C unit, 1,000 gal LP tank, Any item present on the day of closing.
Not included: Washer, Dryer, Upright freezer, All personal property.

Terms:10% down payment on June 24, 2021. Balance due at closing with a projected date of August 9, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of August 9, 2021.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Real Estate Taxes
Gross                          $ 2,210.48
Homestead Cr.       ($148.06)
Net                           $ 2,062.00

Special Provisions:

• This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• Due to this being an estate, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer's expense in accordance with Henry County & Iowa Laws & regulations.
• Seller shall not be obligated to furnish a survey.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The Buyer acknowledges that buyer has carefully and thoroughly inspected the real estate and is familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Don't Miss the Estate Equipment Auction

Tractors, Implements, Lawn & Garden Equipment, Engines, Antique Items, Shop Equipment, Furniture,Crocks & Prints and More!

Closes: Thursday, June 3, 2021 at 1PM

Dennis R. Bedford Estate

Ronald Bedford – Executor

Rande A. McAllister – Attorney for Estate

For more information contact Terry Hoenig of Steffes Group,
319.385.2000 or 319.470.7120

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed.