Ventura, Iowa
Located 1.8 miles north of Ventura on Balsam Ave/Co. Rd. S-14, then 0.4 miles west on 270^th Street to 1552 270^th ST.

Bidding Opens: Wednesday, September 6^th  
Bidding Closes: Wednesday, September 13, 2023 at 1PM

Private Viewing by Appointment

Auctioneer’s Note:  This remarkable home has undergone an extensive makeover, featuring renovations and additions that have expanded the living space to an impressive 3,400 sq. ft.  Additionally, the property boasts several buildings, offering potential income from storage rentals or accommodating your business or personal needs. Conveniently located on a hard surface road and in close proximity to Clear Lake, this property presents an excellent opportunity for a comfortable and versatile lifestyle!

Ranch Home with Several Buildings on 5.39± Acres
Preliminary Survey now complete - View [ Survey ] [ Survey Page 2 ]

3,400 SQ. FT.      3 BEDROOMS        4 BATHS       2 CAR GARAGE       7 BUILDINGS

This charming home, originally built in 1978, received a remarkable transformation through remodeling in 2011. Boasting a spacious layout, the main level encompasses over 3,400 sq. ft. and offers a delightful blend of modern features and timeless elegance. The living room impresses with its vastness, adorned with decorative concrete flooring, heated floors, and recessed lighting for a cozy atmosphere. The main bedroom is a luxurious retreat, complete with an ensuite bathroom and a large walk-in closet, while the second bedroom features its own ensuite bathroom. The third bedroom with a full bathroom conveniently located across the hall, providing ample accommodation options.

The heart of the home, the custom kitchen installed in 2016, is a chef's dream with White Oak Cabinets, Cambria quartz countertops, and top-of-the-line Kenmore appliances. Under-cabinet lights and a center island enhance the functionality, while a generous pantry ensures ample storage space. The dining area, adorned with plank flooring and a non-functioning fireplace, adds a touch of warmth and character to the space.  The main level laundry room with washer & dryer included, with a ¾ bathroom across the hall is just steps from the attached garage.  A three-season room serves as a delightful connection to the exposed aggregate concrete patio, firepit and playground equipment in the backyard.

The home underwent significant upgrades in subsequent years. The year 2013 witnessed the addition of a patio, circle drive, and firepit on the west side of the property, enhancing outdoor entertainment options. In 2014, all windows in the original part of the home were replaced, ensuring improved energy efficiency. Further improvements in 2018, include an American Waterworks system for a dry and clean basement.

The property boasts eco-friendly features such as a Geothermal heating and cooling system, Generac Solar with PWR cell battery storage, and American Waterworks Radon mitigation, ensuring a comfortable and sustainable living environment. Low energy bills are a testament to the efficiency of the solar panel system and power cell batteries. The 2-car garage provides ample storage and easy access to the basement. The basement itself is over 2,000 sq. ft., already insulated and is ready to be updated and finished, offering a ¾ bath and great potential for additional living space. With its rich history of renovations and well-designed features, this home is a gem waiting to be cherished by its new owners.

Buildings Include:
- 45’x60’ insulated & heated with office area, center divide wall, overhead door, new steel siding & roof. New overhead door and operator in 2020.
- 24’x50’ drive thru heated wash building/shop with 2 overhead doors, floor drain. New overhead doors and operators in 2022.
- 42’x95’ storage building, partial concrete floor with drain. Also includes a built in, walk-in cooler & prep. station. New overhead door in 2022.
- 44’x60’ & 24’x60’ with a 44’x60’ addition.  Includes one freezer room, (3) freezer boxes (2 without freezer units) and a loading dock. One new overhead door and two new operators in 2022.
- 38’x50’ insulated & heated, concrete floor (could be used for livestock) with adjoining 40’x75’ storage, dirt floor.
- 36’x48’ hoop building with steel siding on ends, needs new canvas.
- Buildings with running water have both Hot & Cold water. Wash building has a softener for better vehicle washing.
- 400 amp service to property & buildings.
- Property has a well and natural gas.
- 49Kw Natural gas generator w/auto start, can run the entire property.

View Solar Report
View Grey House Story

Included: Refrigerator, Stove, Microwave, Dishwasher, Washer, Dryer, Sterling water softener system, Window treatments, Custom Made Rugs in living room, Solar panel system, Generac backup generator, Playground equipment, Busted concrete pile behind buildings, Any item present on the day of final settlement/closing.
Not included: (2) Lead glass pieces from kitchen, Select boulder rocks, Pallet racking, Air compressor, All personal property & equipment, Landscape Rock pile behind buildings

Terms: 10% down payment on September 13, 2023.  Balance due at final settlement with a projected date of October 27, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of October 27, 2023.
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. 

Tax Parcel: 050640000301 & Part of Tax Parcel: 050640000300 - $6,297.00 - Approx.

Special Provisions:
- This online real estate auction will have a 5% buyer’s premium.  This means a 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 real estate contracts will take place through email and electronic document signatures.  In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
- If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
- The acreage will be surveyed by a licensed surveyor, at Seller’s expense.  Bidding will be lump sum price.   In the event the final survey is not completed by auction day or if the recorded survey is different than the announced gross surveyed acres, no adjustments to the final contract price will be made.
- The Buyer shall bear the responsibility and expense to have the septic system pumped (if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Cerro Gordo County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Cerro Gordo County Sanitarian for the septic system.
- This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
- If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
- The Buyer shall be responsible for any fencing in accordance with Iowa state law.
- If in the future a site clean-up is required, it shall be at the expense of the Buyer.
- This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
- All lines, drawings, boundaries, dimensions, and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
- The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are 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 real estate.
- Steffes Group, Inc. is representing the Seller.
- Any announcements made the day of sale take precedence over advertising.

Seller: Randy & Janet Grey

Michael S. Vervaecke of Hayek, Moreland, Smith & Bergus, L.L.P. – Closing Attorney for Seller