This property will be selling at absolute auction on October 16th at 6:00 PM
David L Stevens Estate
IOWA COUNTY REAL ESTATE
This will be an ABSOLUTE Auction and all assets will sell to the highest bidder regardless of price.
If you want ANY or ALL of this Real Estate - BE AT THE AUCTION!
Auction will include the sale of 3 separate properties
206 acres Located @ 1832 M Ave
118 acres Located Co Rd 212 2 miles West of Marengo
Brick Home Located @ 750 W Washington St Marengo
Selling Tuesday October 16, 2018 @ 6:00 PM
Iowa County Fairgrounds Zentmire Hall
800 E Marion Street Marengo Iowa
206 acres @ 1832 M Ave Marengo Iowa
Located 3 miles south of Marengo
Selling in 6 Parcels AND in Combinations as desired by buyers
Parcel A: Approx 6.5 Acres Potential Building Site. Current buildings are 48 x 108 Pole Building with divided shop and Equipment storage areas. 34 x 70 Garage/Machine Shed, 24 x 34 Barn w/Hayloft, 2 12000 BU Grain Bins. This parcel will sell as a whole dollar amount (not by the acre)
Parcel B: Approx 32.5 acres this parcel touches Parcel A on two sides Considered all tillable Weighted Average CSR2 = 66.5. Tiled and terraced. Sells by the acre x 32.5
Parcel C: Approx 38.34 acres this parcel lies just north of Acreage site (A) and along M Ave. Access onto M Ave. Considered all tillable. Weighted Average CSR2 =64.2. Some tile. Sells by the acre x 38.5
Parcel D: Approx 43.37 acres Lies along M Ave with Driveway access. Considered all tillable. Weighted Average CSR2 = 57.3. Sells by the acre x 43
Parcel E: Approx. 41 Acres Lies along MM Ave and directly east of Parcel C. Access to MM Ave. Considered all tillable. Weighted Average CSR2 = 63.3. Sells by the acre x 41
Parcel F: Approx 39.62 acres Lies along MM Ave and Directly east of Parcel B. Access to MM Ave. Considered all tillable. Some Tile. Weighted Average CSR2 = 58.9. Sells by the acre x 39.5
We will use a Multi-Par method of sale on this farm, whereby each parcel will be offered both individually and in combinations requested by the buyers. Therefore as a buyer you may combine parcels according to your needs and ability, under the directives and terms set by the Auction company.
(To better understand what the "multi-par" method is, click here)
The parcels will sell according to their legal descriptions. Survey costs will be the responsibility of the buyer(s) should they desire to have surveys performed. Buyers will share equally in the survey costs to establish property lines between their individual parcels if they so desire.
All Taxes will be pro-Rated to date of Closing. Possession will be given March 1 2019 in accordance with current lease agreement.
TERMS: 10% Down payment with signing of Purchase Agreement(s) at the conclusion of bidding. Balance due upon delivery of Deed and Abstract showing merchantable title at time of closing. Closing to occur on or before December 1, 2018.
All announcements made day of sale take precedence over all written materials.
Please gather all information you feel pertinent to the purchase of this farm(s) and verify them to your individual satisfaction. We have many documents available on our website that have been gathered from sources deemed reliable however it is your responsibility to verify any and all information.