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LAND
AUCTION
121.2 Acres JOHNSON COUNTY, IOWA
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
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Inspection:
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Open house Saturday August 28th
10 am to 1 pm or call for and appointment. |
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Property:
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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
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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.
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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.
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Cropland: |
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
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Average CSR: |
Farm
Unit is 75.9
from assessor's records; Tract 1 is 74.6 from NRCS software |
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Procedure: |
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.
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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.
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Warranties: |
There are no expressed
or implied warranties. This property is being sold in "as is"
condition subject only to Court Approval. |
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Closing: |
October 15, 2010
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Possession: |
Tract 1: access after harvest,
full possession March 1, 2011.
Tract 2: at closing
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Taxes: |
2009/2010 $4242.00 Taxes will
be prorated to possession |
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Owner: |
Charlotte M. Hunter Estate Executor: MidWestOne Bank/Bob
Ross Trust Officer |
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Attorney: |
Larry Lynch at Lynch, Greenleaf
& Michael LLP |
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Auctioneer: |
Dick Meade at Meade Real
Estate
Phone 319-626-2250
Mobile 319-430-8903
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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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