ONLINE ONLY LAND & ACREAGE AUCTION
John & Lola Hobson Land & Acreage Auction
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Des Moines County, IA Land & Acreage Auction selling Online Only to the Highest Bidder, Without Reserve. 64.67 surveyed acres to be sold in 3 tracts. Includes log home w/shop, prime building site and excellent recreational/hunting land w/timber.
Begins: Wednesday, April 01, 2020 at 10:00 AM CDT
Ends: Thursday, May 07, 2020 at 6:00 PM CDT
Des Moines County, Iowa
ONLINE LAND & ACREAGE AUCTION
64.67 SURVEYED ACRES ∙ SELLING IN 3 TRACTS
BIDDING ENDS: THURSDAY, MAY 7TH, 2020 AT 6:00 P.M.
OPEN HOUSE: SUNDAY, APRIL 19TH FROM 12-2 P.M.
THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER, WITHOUT RESERVE!
ü COUNTRY HOME & ACREAGE
ü BUILDING SITE ACREAGE
ü HUNTING/RECREATIONAL LAND
LOCATION & GENERAL INFORMATION ∙ 17731 165th St., DANVILLE, IOWA
The Hobson Land is located in Section 25, T71N∙R4W, Prairie Grove Township, Des Moines County, IA, and is generally located 5.5 miles northeast of Danville, IA, along 165th St. Tract 1 is a fantastic acreage/hobby farm and is improved with a 3-bedroom log style home and 40’ x 30’ garage. Tract 2 is an ideal “Dream Home” building site and Tract 3 offers excellent hunting & recreational land with premier whitetail habitat.
TRACT 1: 35.35 Surveyed Acres
This tract is improved with a 1,560 sq. ft. Lindel Cedar Home with 3 bedrooms, 2 baths and a full walkout basement. Other improvements include a 40’X30’ garage w/ 3 overhead doors. This is a fantastic acreage/hobby farm for those looking to reside in the country and raise small animals or livestock. There is one small pond and approximately 8.90 acres suitable for farming or pasture.
Estimated Annual Real Estate Taxes: $2,406.00
TRACT 2: 9.15 Surveyed Acres
Excellent acreage for your “Dream Home”.
Approximately 4.20 tillable acres with the balance of wooded draws.
Access from 165th St.
Estimated Annual Real Estate Taxes: $190.00
Tract 3: 20.17 Surveyed Acres
Nearly 100% wooded and represents awesome hunting land with premier whitetail habitat including thick brush, bedding areas, streams and approximately 2.03 tillable acres for a food plot.
This tract will be accessed by an ingress/egress 139’ easement extending off of Tract 1.
Estimated Real Estate Taxes: $256.00
METHOD AND TERMS
Procedure: Property will be offered in three individual tracts. All bids will be on a total price “lump sum” basis. This is a soft close auction, meaning that if a bid is placed in the final three minutes of the scheduled close of the auction, it will extend bidding by three minutes until all bidding is completed. All three tracts are linked together and bidding extensions will extend all three tracts, so that they will close simultaneously.
Contract of Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate sales Contract to Purchase and deposit with Fraise Auction & Real Estate the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent on Buyer’s financing or any other contingencies. All sales are final.
Earnest Money Payment: $7,500 earnest money payment for each tract is required on the day of the auction. The earnest money payment may be paid in the form of cash, guaranteed check or wire transfer. All funds will be held in Fraise Auction & Real Estate’s Trust Account.
Closing: Closing will occur on or about Monday, June 22, 2020. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer.
Possession: Possession will be given at closing, upon payment in full.
Real Estate Taxes: The real estate taxes will be prorated to the date of the closing based on the last available tax statement.
Septic System: Buyer(s) of Tract 1 will be responsible for any inspections, repairs and/or updates as required by law.
Under no circumstances shall Bidder(s) have any kind of claim against Fraise Auction & Real Estate, its affiliates or the Sellers if the internet service fails to work correctly during the auction.
Other: This sale is subject to all easements, covenants and restrictions of record. Information contained herein is presented on behalf of the Seller. Fraise Auction & Real Estate, agent for the Seller, cannot guarantee the information to be correct or assume the liabilities for errors or omissions. Buyer’s should verify the information to their own satisfaction. All acreage amounts, lines drawn on maps & photos, etc. are approximate. Fraise Auction & Real Estate and its representatives are agents for the Seller. Winning Bidder(s) acknowledge that they are representing themselves in completing the auction sales transaction. This real estate sells “as is, where is” with no express or implied warranties pertaining to the property. Bidding increments are at the sole discretion of the Auction Company and can be changed at anytime during the online bidding process.
LOLA H. HOBSON & JOHN L. HOBSON ESTATE – SELLERS
Rande McAllister of McAllister Law office
300 South Jefferson St., Mount Pleasant, IA – Attorney for Sellers