Meade Real Estate   
Iowa farm real estate sales & auctions    

        Dick Meade

Phone: 319-626-2250     E-mail:   


  Real Estate

  - Land
  - Residential
  - Auctions






Wednesday September 15, 2010 at 10:00 AM

Auction held at:
Hills Community Center, Hills, Iowa

Sold: Tract 1 $616,000   Tract 2  $184,000



 Open house Saturday August 28th 10 am to 1 pm or call for and appointment.                    



 121.2 acres of level to rolling land with homestead.
 Property will be offered in 2 tracts or in combination.
 Tract 1: 113.74 acres of bare land
 Tract 2:     7.46 acres with house and out buildings
 Unit:      121.2  acres Tracts 1 & 2 combined as original farm unit
Location:  Address: 5180 Highway 6 SE:  5 miles east of Iowa City, Iowa on Highway 6,
 3/4 mile east of County Road X-14/Utah Avenue corner to Hills and Lone Tree,
 property on north side of highway.


Legal           Description:

 E 1/2 NE 1/4  Section 33 and SE 1/4 SE 1/4 & NE 1/4 SE 1/4 South of RR ROW
 Section 28  T79N R5W of 5th  PM,  Scott Township, Johnson County, Iowa.


 Tract 1: 105.4 acres corn base 46.5 acres, yield 129; soybean base 45.2 acres yield 34
 Tract 2:    3.9 acres  corn base   1.7 acres, yield 129; soybean base   1.7 acres yield 34
 Unit:     109.3 acres  corn base 48.2 acres, yield 129; soybean base  46.9 acres yield 34
   Average CSR:   Farm Unit is 75.9 from assessor's records; Tract 1 is 74.6 from NRCS software


 Property to be sold in two tracts or in combination as original farm unit.
 Final sale will be the method that results in the highest total dollar amount.
 This sale is subject to Court approval.
Terms:  Cash sale with no contingencies. The successful bidder or bidders will be required to
 make a down  payment of 10% of the total sale price at the conclusion of the auction.
 The balance of the purchase price to be paid at closing.
Warranties: There are no expressed or implied warranties. This property is being sold in "as is" condition subject only to Court Approval.
Closing:  October 15, 2010
Possession:  Tract 1: access after harvest, full possession March 1, 2011.      Tract 2: at closing
Taxes:  2009/2010   $4242.00 Taxes will be prorated to possession
Owner:  Charlotte M. Hunter Estate    Executor:  MidWestOne Bank/Bob Ross Trust Officer
Attorney:  Larry Lynch at Lynch, Greenleaf & Michael LLP
Auctioneer:  Dick Meade at Meade Real Estate
 Phone 319-626-2250       Mobile 319-430-8903

Note: Announcements made sale day take precedence over printed material. All information is from sources deemed reliable but not warranted by the seller or auctioneer. All prospective buyers are urged to inspect the property and rely on their own conclusions. Foundation of house is cracked; basement seeps water.

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Plat Map Aerial FSA Aerial Soil Map Photos