1088 Lexington Avenue , Winfield, IA 52659(Henry County)

Dwellings will be sold "As Is, Where Is." The buyer will be responsible for the cost of any improvement, replacement, or repairs to the current septic/wastewater treatment system. The buyer will be required to sign a binding agreement with Henry County at Closing as part of the "Time of Transfer" requirement with the Ground Water Hazard Statement. This is an acknowledgment by the Buyer to either vacate/demolish or improve/update the current septic system per Iowa Law. Contact Agent for further details.

There is an Access Easement as seen in the Survey as an attachment to use the current driveway to access the current homes paved driveway. A new owner could install a new driveway on the west side of the house along Lexington Avenue if they would like.

There is going to be a Shared Well Agreement as the current well is on the south side of the property. This will be a shared well agreement with Kenneth Shelman.

Propane tank is leased with B&B Propane.

Winfield - 6 Miles

Mt Pleasant - 15 Miles

Washington - 20 Miles

Iowa City - 38 Miles

Open House: There will be an Open House for viewing the acreage on Friday, November 15th from 3:00 PM - 5:30 PM.

Auction Details & Terms

ALL BIDS ARE WHOLE DOLLAR AMOUNT.

How to Bid?

Open up the Peoples Company auction you are interested in on our website. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and open it up. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you are able to bid on any of our Online Auctions.

Co-Broker:

Co-Broker must register client 24 hours prior to the Auction date by filling out our Broker Registration Form.

Surveys:

Property has been surveyed and can be found as an attachment.

Auction Method: Property will be offered as one tract. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Companys Trust Account.

Closing: Closing will occur on or about Wednesday, January 15th, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the property will be given at closing.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing. Sale of the property is subject to court approval immediately following the close of the auction.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding during the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Abstract.