REAL ESTATE AUCTION

MT. PLEASANT, IOWA
Located in Linden Heights on Oakbrook Lane and Oakbrook Drive.
Click Here For Map Location from Mapquest

THURSDAY, MAY 29, 2008 at 5:02 P.M.

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!


Parcel #1 - 902 South Oakbrook Drive


Parcel #2 - 904 South Oakbrook Drive


Parcel #3 - 1011 East Oakbrook Lane


Parcel #4 - 1015 East Oakbrook Lane

> Click Here For Day of Auction Contract <

FOUR BUILDING LOTS


 These lots are being sold "choice with the privilege",
whereas the high bidder may take his/her choice of lots or all lots.

PARCEL #1: 902 South Oakbrook Drive

LOT #22: Front 80 ft. - Rear 50 ft. - Side dimensions 135 ft.
Assessed value: $11,880.00 Gross/Net taxes: $160.00

 PARCEL #2: 904 South Oakbrook Drive

LOT #21: Front 75 ft. - Rear 55 ft. - Side dimensions 150 ft.
Assessed value: $11,960.00 Gross/Net taxes: $160.00

PARCEL #3: 1011 East Oakbrook Lane

LOT #39: Front 80 ft. - Rear 90 ft. - Side dimensions 160 ft.
Assessed value: $ 7,440.00 Gross/Net taxes: $100.00

PARCEL #4: 1015 East Oakbrook Lane

LOT #37: Front 80 ft. - Rear 75 ft. - Side dimensions 198 ft.
Assessed value: $ 7,470.00 Gross/Net taxes: $100.00

General Information
~ Lots are zoned R2. ~
~ These lots have restrictive covenants. (Copies available upon request). ~
~ These lots are eligible for the current Mt. Pleasant tax abatement. ~
~ This real estate is selling subject to public road easements and all other easements of record. ~
~ The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers should verify the information to their satisfaction. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

TERMS: 20% down payment on May 29, 2008. Balance to be paid on or before June 30, 2008 upon delivery of merchantable abstract and deed.

POSSESSION: June 30, 2008.

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Sellers shall pay any unpaid real estate taxes payable in prior years.

OWNER: INDIAN HILLS ESTATES CORPORATION

Patrick C. Brau of Brau Law Office - Attorney for Seller

 
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jim Huff ~ Jason Denning ~ Lee Pennebaker

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Any announcements made day of sale take precedence over advertising.

"Let's Talk Auction!"
Richard Realty & Auction, Inc.

605 East Winfield Ave., Mt. Pleasant, IA
319-385-2000
www.richardrealtyauction.com