NEW LONDON, IA ESTATE AUCTION

New London, Iowa

ESTATE AUCTION

RURAL SHOP & ACREAGE  VEHICLES · MOTORCYCLES · SHOP EQUIPMENT · TOOLS · SKID STEER · LAWN & GARDEN

2490 260th STREET, NEW LONDON, IOWA

AUCTION ENDS: WEDNESDAY, FEBRUARY 22^ND AT 10:00 A.M.

This is a Timed, Online Only Auction Event with a Soft Close!  Click the above tab for catalog, terms and registration!!

OPEN HOUSE/INSPECTION: SATURDAY, FEBRUARY 4^TH FROM 9:00 AM – 10:30 AM

1.74 Acres with heated shop: The Henderson real estate is ideally located 1.5 miles West of New London on a hard surfaced road and contains 1.74 acres of land. It is improved with a fully insulated and heated 28’ x 75’ shop/warehouse with concrete floor, vehicle service pit and (2) 14’ x 14’ overhead doors. There is also a 19’ x 64’ open front pole building that’s great for equipment storage. Additionally, there are 2 billboards on the property that generate annual income. Current owner prior to his passing used the main building for his personal storage/shop and was in the process of framing a portion of it into livable space to accommodate 3 bedrooms and 2 baths.  However, the work has not been entirely completed and changes can easily be made.  Previously the real estate and its improvements were used for a landscaping business.

Auctioneer’s Note: This is a unique property that has potential for multiple uses: personal storage, home/shop and or many business uses. 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: $15,000 earnest money deposit due at the end of the auction with the remainder due on or before March 22, 2023. 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.

Survey:  Seller shall not be obligated to perform a survey of the real estate.

Septic System: Because this is an Estate Sale, Seller is exempt from the Time of Transfer Septic Law.

Billboard Lease: Annual rent payment of $1540.00. Rent will be prorated to the date of closing.

Reservations: Seller reserves all personal property including building materials, 500 gallon LP tank, 1,000 gallon LP tank and stock pile of dirt.

Inclusions: Generac home generator system, built in workbenches and shelving units and any remaining personal property at the time of closing

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

Closing: Closing will take place on or about March 22, 2023. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.

Possession: At closing upon payment in full.

No Real Estate Buyers Premium!

***ALSO SELLING PERSONAL PROPERTY (Begins closing at 10:30 A.M.)***

Highlights Include:

• 2019 Chevy Colorado LT pickup w/8,861 miles
• 2014 Chevy Cruze LT sedan w/73,389 miles
• 2006 Chevy Equinox AWD SUV w/95158 miles (Texas vehicle – No Rust!)
• 2014 Harley Davidson Ultra Glide Trike w/4,324 miles
• 2007 Harley Davidson FXST Softail motorcycle w/4,548 miles
• 1950 Chevy pickup (partially restored)
• Bobcat 7753 diesel skid steer
• Big Tex motorcycle trailer
• (7) antique hit and miss gas engines
• Bad Boy Maverick 60” zero-turn mower w/101 hours
• Nice selection of wood working equipment & power tools
• Toolboxes, lrg. selection of hand tools, air tools, etc.
• Shop equipment to include welders, acetylene cutting torch, air compressors, drill press, metal brake, floor jacks, hydraulic shop press, sand blasting cabinet, parts washer, engine hoist, ladders, etc.
• Masonite siding, dimensional lumber and sheetrock
• Metal desks, costume jewelry and misc. glassware & collectibles
• 500 and 1,000 gallon LP tanks

Pickup/Removal of Personal Property: Friday, February 24^th from 10AM – 1PM (Bring your own help & boxes for removal).  Buyer’s Premium of 15% will be added to all personal property purchases!  All personal property sells “as is, where is”.  All items must be removed during the designated pickup time – NO EXCEPTIONS or will otherwise be subject to forfeiture without refund!!

MICHAEL L. HENDERSON ESTATE – SELLER

Nancy L. Wolfe – Executor

Paul Miller of Miller & Wiegel Law Office

114 E Monroe St. # 102, Mount Pleasant, Iowa  – Attorney for Seller

OPEN HOUSE/INSPECTION: SATURDAY, FEBRUARY 4^TH FROM 9:00 AM – 10:30 AM

Henderson Flyer

Billboard lease

Pickup/Removal of Personal Property: Friday, February 24^th from 10AM – 1PM (Bring your own help & boxes for removal).  Buyer’s Premium of 15% will be added to all personal property purchases!  All personal property sells “as is, where is”.  All items must be removed during the designated pickup time – NO EXCEPTIONS or will otherwise be subject to forfeiture without refund!!

https://www.signupgenius.com/go/904084AADAB29A0FD0-henderson

Corey Fraise 319-470-0115