Brown Real Estate

REAL ESTATE AUCTION

HUNTING/RECREATIONAL PROPERTY

130+/- ACRES accessible off Edgewood Road SW

THURSDAY, AUGUST 28, 2014 @ 6:00 pm

Auction location: ON site at East end of property along Edgewood Rd SW near the CRANDIC RR overpass.

Exceptionally rare opportunity to own your own CLOSE IN Hunting/Recreational property.

A mix of Mature Timber, Creek bottom, and tillable acres make this a wildlife paradise.

Deer, Turkey, Ducks, Geese, abound along Prairie Creek.

You could get off work in town and, depending on your location, within a matter of minutes be in your tree stand or ground blind ready to hunt every night.

PARCEL 1: 20121-76001-00000 / 20121-51001-00000 – 20121-01001-00000 = 50+/- Acres, access off Edgewood Road, Approx. 17 acres tillable balance in timber and creek bottom.

Tax records indicate previous gross taxes of $614.05               

This parcel fronts on Edgewood from the UP Railroad tracks on the north to the CRANDIC tracks on the south. An easement will be granted in the purchase agreement to access the 82 acre parcel from across this parcel.

This parcel IS NOT in the city limits of Cedar Rapids.

PARCEL 2: Parcel # 20123-26005-00000 = 82+/- Acres, access off Old Bridge Road, Approx. 24 acres tillable balance in timber and creek bottom.

Tax records indicate previous Gross Taxes of $1182.61

This parcel DOES NOT front onto Edgewood although the corner of the property does come close, an easement will be recorded to cross the 50 acre parcel to gain access from Edgewood Rd. The main frontage on this parcel is along Old Bridge Rd.

This parcel IS within the city limits of Cedar Rapids.

Interested parties should visit the Linn County Assessor’s website to gain an accurate aerial view of the parcels.

TERMS: 10% Down payment upon signing of the purchase agreement day of the auction. Balance due upon delivery of Deed and Abstract showing merchantable title at time of closing. Closing to occur on or before September 26, 2014

Buyers agree that Sellers may elect to sell this land as part of a 1031 Tax Free Exchange Agreement and Buyers agree to sign any and all necessary documents to allow Sellers to do so.

Taxes will be prorated to date of possession.

Possession will be given at time of closing.

Interested parties should contact Brent at Wears Auctioneering 624-3779 to gain access and tour the property.