Horse Facility with Remodeled Home, Horse Arena & Stables on 29± Acres – Sells in 1 Tract

Home

•        The 1,262 sq. ft. home built in 1950 has been recently remodeled and ready for some finishing touches.
•        Gorgeous kitchen with center island and adjoining dining area, which overlooks the lower level living room.
•        Main bedroom with ensuite ¾ bathroom with rainfall shower.
•        Second bedroom & full bathroom are also on the main level.
•        Split level entry landing with built ins.
•        Partial basement with laundry hookups, Amana high efficient gas furnace, central air, updated electrical box & generator ready switch.
•        Other amenities include: Xenia Rural water, Newer shingles on the home, Small pond, Raised garden bed, Dog pen/run, Well condition unknown.

Horse Facility with Horse Arena, Barn & Outbuildings

•        The highlight of the property is the 74’x184’ lighted indoor horse arena, 24’x84’ stall barn with (6) horse stalls & tack room, built in 2000. With an adjoining 80’x120’ indoor arena with horse walker, (4) horse stalls, (2) tack rooms, horse stalls include stud & foaling stall, wash bay with hot water, extensive feed storage, office & bathroom, built in 1995 & 1999.
•        Separate 24’x30’ horse barn with tack & feed area & electric, built in 2000 with fenced area.
•        Detached garages include a 20’x30’ adjacent to the home and a 24’x30’ close to the pasture areas.
•        (4) Fenced pasture areas with electric fence with electric fencing throughout.

Property

•        FSA indicates 20.82 cropland acres, some of which is currently fenced pasture, with the balance being alfalfa & hay fields.
•        Corn Suitability Rating 2 is 71.7 on the cropland acres.
•        Located in Section 2, Jackson Township, Guthrie County, Iowa.
•        Included: Refrigerator, Stove, Dishwasher, Horse walker, PA system in Arena, Any items present on the day of final settlement/closing.
•        Not included: (2) Portable horse sheds, Washer, Dryer, 1,000 gal. LP tank(leased), 500 gal. LP tank(leased), Portable corral pen, Chicken coop, Horse pen north of house, Stack of T posts, Hay bales, Firepit, Hot tub, All personal property.
•        Tax Parcel 0000491400 = $2,968.00 Net
•        View FSA Field Aerial Map
•        View FSA 156 EZ Form
•        View Soil Map
•        View Seller Disclosure
•        View Lead Base Paint Disclosure

Terms: 10% down payment on October 29, 2024. Balance due at final settlement with a projected date of December 13, 2024, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 13, 2024.
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. 
•        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.
•        It shall be the obligation of the Buyer to report to the Guthrie County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. 
•        Bidding on the property will be Lump Sum price.
•        The Seller shall not be obligated to furnish a survey.
•        Seller shall bear the responsibility and expense to have the septic system pumped & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Seller’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Guthrie County & Iowa Laws & regulations. Prior to closing, the Seller shall acquire the proper paperwork required by the Guthrie 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 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 made or published on the day of sale take precedence over advertising.

Click Here for Online Equipment Auction of John Deere Gator, John Deere Mower & More CLOSING: Tuesday, October 29, beginning at 11:00AM CDT