HENRY COUNTY, IOWA – LAND & ACREAGE AUCTION

HENRY COUNTY, IOWA

LAND & ACREAGE AUCTION

52.53 ACRES± (SUBJECT TO SURVEY) · 4 TRACTS

WEDNESDAY, AUGUST 16, 2023 AT 10:00 A.M.

Open House/Inspection: Sunday, July 30^th from 11AM – 1PM

LOCATION

The Batey land is located in Sections 3 and 10, Jackson Township, Henry County, Iowa or 5.5 miles southeast of Mount Pleasant, IA.  From Mount Pleasant go south 3 miles on U.S. Hwy. 218 to Kentucky Avenue, then proceed southeast 2.5 miles to the property. Physical Address: 2841 Kentucky Avenue, Mount Pleasant, Iowa

TRACT INFORMATION

TRACT 1· COUNTRY HOME & 7.67 ACRES± (SUBJECT TO SURVEY)

• This tract is improved with a 2-story home that has amazing curb appeal and offers 5 bedrooms, 4 baths totaling 2,900 sq. ft of living area. The home also features walk in closets, an abundance of storage throughout, an upstairs balcony, rear deck, and fully finished walkout basement.
• Additional features include white board fenced pasture, asphalt paved circle drive, 30’ x 70’ heated shop with bathroom and 30’ x 70’ open pole barn.
• Water is provided by a drilled well.
• This is rare Unicorn type home and acreage with so many unique features and characteristics, it is a must-see property!
• Access is from Kentucky Avenue.

TRACT 2 · CABIN & 24.97 ACRES± (SUBJECT TO SURVEY)

• 1-1/2 story heated & cooled cabin. Open concept with kitchen, full bath and upstairs loft. Overlooks stocked pond (Catfish, Crappie, Bluegill & Bass) with dock and diving board.
• 12’ x 16’ wood utility shed.
• Water is from a shared well off of Tract 1.
• This is an awesome recreational acreage for weekend or overnight stays that has wooded area for hunting, pasture area or a potential building site for a Forever Home!
• Access is from the south off of River Road

TRACT 3 · 9.47 ACRES± (SUBJECT TO SURVEY)

• Potential building site.
• Pasture for livestock.
• Access is from Kentucky Avenue.

TRACT 4 · 10.42 ACRES± (SUBJECT TO SURVEY)

• Potential building site.
• Pasture for livestock
• Access is from Kentucky Avenue.

AUCTION DETAILS

Auction Method: To be conducted as a Virtual Online Auction.  Tract 1 will sell first for a lump sum total dollar amount. Tracts 2-4 will be sold next on a price per acre basis through the marketing method of “Buyer’s Choice”, whereas the high bidder has the privilege to take any or all of the Tracts for their high bid.  Buyer’s Choice auctioning will continue until all 3 of the Tracts have been sold. The Tracts will NOT be offered in their entirety or in any combinations.  Bidding is NOT contingent upon financing, an appraisal, inspection, or any other contingencies.

Contract & Title: Immediately upon the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the Seller. Signing of said agreement will be executed via email or DocuSign. The Seller will provide a current abstract at their expense.  Should a Buyer purchase one or more adjoining Tracts, then Seller shall be obligated to furnish only one abstract and deed (husband and wife constitute one Buyer).

Survey: Land is in the process of being surveyed. Acres for Tracts 2-4 will be adjusted subject to survey and will constitute the final price.

Earnest Money: Ten (10%) percent of the bid price will be required within 24 hours of the auction ending.  All funds will be held in Fraise Auction & Real Estate Trust Account.

Closing & Possession: Closing will occur on or about October 11, 2023. Possession will be given at the time of closing. Pasture acres sell with full rights at the time of closing.

Septic Systems: Tract 1 has a septic system.  Tract 2 has a holding tank. It will be the expense of the Buyer(s) for either Tract to inspect and/or update the septic systems as required by Iowa DNR Time of Transfer law.

Reservations: Sellers reserves the following items from any of the Tracts: Windmill, 1,000-gallon propane tank, fuel tanks, stairlift, stainless steel 2-hole sink, appliances (except dishwasher & countertop stove), landscaping decorations (except large rocks), livestock & acreage equipment and all other personal property.

Other: The Tracts are selling subject to all easements, covenants, leases and restrictions of record. Buyer(s) will be responsible of installing any driveways for ingress/egress.  The State of Iowa fence line laws will govern Tracts where applicable.  Should the Buyer of Tract 2 be different than the Buyer of Tract 1, then he/she will install their own electric meter and provide their own source of water.  The Buyer(s) are buying this real estate in its “As Is, Where Is” condition and there are no expressed or implied warranties pertaining t the real estate. Fraise Auction & Real Estate and its representatives are agents of the Seller.  The winning bidder(s) acknowledge that they are representing themselves in completing this transaction. Any announcements made on auction day by Auctioneer will take precedence over all marketing material or oral statements.  Bidding increments are at the sole discretion of the auctioneer.

Disclaimer: Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. All boundary stakes, lines drawn on maps and photos are approximate. Overall Tract acres, etc. may vary from figures stated within the marketing material.  No liability for its accuracy, errors or omissions is assumed by the Seller or Auction Company.

ROBERT BATEY ESTATE & IOLA M. BATEY – SELLERS

Tim R. Batey – Power of AttorneY

R.L. Fehske of Fehseke and Gray Law Offices

1023 Avenue G, Fort Madison, Iowa 52627 – Attorney for Seller

Open House/Inspection: Sunday, July 30^th from 11AM – 1PM

Fraise Auction Booklet – BATEY

LOCATION

The Batey land is located in Sections 3 and 10, Jackson Township, Henry County, Iowa or 5.5 miles southeast of Mount Pleasant, IA.  From Mount Pleasant go south 3 miles on U.S. Hwy. 218 to Kentucky Avenue, then proceed southeast 2.5 miles to the property. Physical Address: 2841 Kentucky Avenue, Mount Pleasant, Iowa

COREY FRAISE 319-470-0115