Henry Co., Iowa Home & Acreage Estate Auction

Henry County, Iowa

HOME & ACREAGE ESTATE AUCTION

(Selling Online Only)

BIDDING ENDS WEDNESDAY, MARCH 9^TH, 2022 at 1:00 P.M.

2203 Rose Avenue, New London, Iowa

(From New London, Iowa travel 3.25 miles north on X23 to 225^th Street then east 1 mile to Rose Avenue then northeast .75 miles)

Open House/ Inspection: Wednesday, February 23^rd from 5-6PM

ACREAGE DETAILS

• 1.23 acres more or less
• Rathbun Rural Water & well
• Septic system
• 1,000 gallon LP tank (owned)
• Detached garage & several misc. outbuildings

HOME DETAILS

• 2-story farmhouse built in 1910
• 1,755 sq. ft. of living area
• Main floor features eat-in kitchen w/laundry hookups (appliances included), living room, family room, master bedroom & full bath.
• Upstairs has 3 large bedrooms and large storage room
• Partial basement w/stone foundation
• Open front porch and rear enclosed porch
• Newer architectural shingled roof & metal roof over porch
• Updated Ruud GFA furnace & central AC

Auctioneer’s Note: Great Fixer Upper! Turn this into your hobby farm.  Plenty of space to garden and/or fence for livestock. Just the country property you’ve been waiting for!  We strongly encourage all interested parties to attend the open house or schedule a private showing. This Auction will be conducted Online Only, whereas each bidder can conveniently bid with an electronic device from anywhere.

Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before March 31, 2022. The seller will provide a current abstract at their expense. Real Estate sells “as is, where is”. Sale is not contingent on Buyer’s financing or any other contingencies. Sale is subject to Seller’s confirmation.

Real Estate Taxes: Taxes will be prorated to the date of closing.

Septic System: Because this is an Estate, this real estate sale is exempt from the State of Iowa Time of Transfer Law.

Inclusions: All personal property & debris on the grounds, inside buildings and in the home are included in the sale of real estate.

1,000 Gallon LP Tank: Tank is owned. Buyer shall reimburse Seller at closing for remaining LP at that day’s market price.

Driveway: There is a verbal easement for the adjoining neighbor to use the west side driveway for agricultural access.

Closing: Closing will take place on or before March 31, 2022. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.

Possession: At closing upon payment in full.

Registration: Visit www.fraiseauction.com to register and bid today!

BETTY S. STEVENS ESTATE – SELLER

Teena Craff – Executor 

Timothy B. Liechty of Bell, Ort & Liechty Law Office – Attorney for Seller

Open House/ Inspection: Wednesday, February 23^rd from 5-6PM

NA

Corey Fraise 319-470-0115