Two Bedroom Home with 40’x60’ Building on 2.75 Surveyed Acres

•        This 1,542 sq.ft. home, built in 2011 is ready for your finishing touches.  Offering an open floor plan with a spacious kitchen w/ center island, dining area and living room; all with vaulted ceilings.
•        The main level also features a main bedroom with adjoining bathroom(needs finished), second bedroom, office, laundry room and a full bathroom.
•        Unfinished areas of the home include: the second bathroom, main bedroom, electrical & trim throughout the home.
•        Other amenities of the home include: attached 3 car garage, covered deck, partial basement with Carrier high efficient gas furnace & central air.
•        40’x60’ shop with steel lined interior, 10’x10’ overhead door with opener, concrete floor & Modine hanging gas furnace. 
•        20’x24’ shed with dirt floor.
•        $200 Lot rent income from mobile home on property.
•        Rathbun rural water pit on property, currently not hooked to home & meter not installed.  There is a shared well easement agreement with the adjoining property of Allen Blasting & Coating, Inc.
•        Located on 2.75 surveyed acres.  Survey was recorded in 2014.
•        Included: Refrigerator, Gas stove, Dishwasher, Microwave, Washer, Dryer, Modine hanging gas furnace, Any items present on the day of final settlement/closing.
•        Not included: Mobile home on leased ground, 500 gal. LP tank, leased from Yarmouth Oil, Workbench, All personal property & any item listed on the personal property auction.
•        Tax Parcel: 15-33-476-003 = $2,656.00 Net Real Estate Taxes
•        View Lot Rental Agreement
•        View Well Easement Agreement
•        View Seller's Disclosure
•        View Lead Based Paint Disclosure
•        View Recorded Survey
•        View Real Estate Contract

Terms: 10% down payment on October 10, 2024. Balance due at final settlement with a projected date of November 20, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of November 20, 2024.  (Subject to lot rental agreement for mobile home)
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.

Special Provisions:

•        This online 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.
•        If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
•        Down payment is due on the day the bidding closes and signing of the 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.
•        Real estate will be selling lump sum price.
•        Real estate is selling subject to a Lot Rental Agreement for the mobile home located on the property.  The rental agreement is $200 per month with an ending date of October 1, 2051, or at Tenants’ deaths, whichever first occurs.  
•        The septic is shared with the mobile home on leased land to the north.
•        Due to the Seller 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 Des Moines County & Iowa Laws & regulations.
•        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 state law.
•        If in the future a site clean-up is required, it shall be at the expense of the Buyer.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        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 or published made the day of sale take precedence over advertising.