| REAL ESTATE AUCTION |
NEW LONDON, IOWA
Located 2 1/2 miles west of NEW LONDON, IOWA then 2 miles
south on Nebraska Avenue OR 3 miles east of MT. PLEASANT, IOWA on Highway
34 then 2 miles south on Nebraska Avenue (2755 Nebraska Avenue).
Click Here For Map Location from Mapquest |
| SATURDAY, MARCH 22, 2008 AT
10:02 A.M. |
| THIS REAL ESTATE POSITIVELY
SELLS TO THE HIGHEST BIDDER! |
Tract #1 ~ Nice Ranch Style Home & Shop Situated on 6.53 Acres M/L |
Tract #2 ~ 128.47 Acres of CRP Land, Hunting & Recreational Land |
This Auction Features The
Virtual Tour
 |
|
|
| Public Showing Friday, March
7th from 4:00-5:00 P.M. |
|
|
|
| 135 ACRES, M/L SELLING IN TWO
SEPARATE TRACTS |
| TRACT #1 - NICE RANCH
STYLE HOME & MACHINE SHED SITUATED ON 6.53 ACRES, M/L |
DESCRIPTION OF TRACT #1
~ Eat in kitchen has hickory cupboards, range, microwave, dishwasher &
free standing gas stove.
~ Large living room, small office, two bedrooms and two bathrooms on main
floor. ~
~ Electric ceiling heat on main level. ~
~ Walk out basement has large family room w/wood stove and non conforming
bedroom. ~
~ Home has 1716 sq. ft. of living space on main level. ~
~ Maintenance free siding. ~
~ Two 150 amp services. ~
~ Rathbun rural water. ~
~ Pond. ~
~ Septic tank. ~
~ 40'x60' finished steel truss building with storage loft built in 1994.
Building fully finished and portion of building is 24'x24' two car garage.
~
~ Small utility building and wood frame building. ~
~ New London school district. ~ |
TRACT #2 -128.47 ACRES, M/L
OF CRP LAND, HUNTING AND
RECREATIONAL LAND |
DESCRIPTION OF TRACT #2
~ FSA indicates 74.7 acres tillable of which 69 acres is in the CRP program.
~
~ The annual CRP payments are $115.99 per acre X 69 acres = $8,003.31 expires
in 2017. ~
~ Corn suitability rating is approximately 50. ~
~ Majority soil types are Weller, Nodaway and Clinton. ~ |
General information on entire farm:
~ The farm is located in Sections 31 and 32, New London Township, Henry
County, Iowa. ~ |
TERMS: 20% down
payment on March 22, 2008. Balance to be paid on or before April 22, 2008
upon delivery of merchantable abstract and deed.
POSSESSION: April 22, 2008
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. |
OWNERS: ROBERT H. AND NONA C.
LEE
Seleta A. Bainter of Bainter &
Thomas Law Office - Attorney for Sellers |
|
