TWO HENRY COUNTY REAL ESTATE AUCTIONS
HILLSBORO, IOWA
Auction to be held of Both Tracts on Tract #1 134 East Commercial Street, Hillsboro, IA.
THURSDAY, OCTOBER 15, 2015 AT 4:00 P.M.
Open House on Thursday, October 1st from 4-5pm
TRACT #1 Two Bedroom Home on Large Corner Lot.
Located at 134 East Commercial Street, Hillsboro, IA
This two bedroom home was built in 1932 with 902 sq.ft. of living space on the main level. The main level features a kitchen with refrigerator & electric stove. Living room with hardwood floors. Dining room with window seat & hardwood floors. Two bedrooms with hardwood floors. Bathroom. Original woodwork.
Walkup floored attic. Back enclosed porch. Basement with Rheem 90 Plus high efficient gas forced air furnace with central air. Electric water heater. Home has newer shingles in 2013. Vinyl siding. Property has city water and unused well.
Outb...
Outbuildings include: Summer kitchen, Detached garage/shop, Chicken coup with dog kennel, Utility shed. All situated on a 127 x 264 corner lot with mature trees.
Tract #1
Included: Refrigerator, Stove, Chest Freezer
Not included: LP tank, All personal property.
TRACT#2 18.91 Surveyed Acres with Pond, Timber & CRP Income
Located mile east of Hillsboro, IA on J20/Salem Road.
This tract offers recreational land with a beautiful country setting with timber, a small stocked pond & dock, along with CRP land that has $1,095 of annual income. This tract also offers a future potential building site on a hard surface road.
FSA information: 6.2 acres tillable all of which is in CRP as follows:
6.2 acres at $176.59 = $1,095 and expires on 9-30-2022.
Corn Suitability Rating 2 of 56 (CSR1 43.7) on the tillable.
Located in Section 29, Salem Township, Henry County, Iowa.
Tract #2 will be sold lump sum price.
Tract #2
Included: Boat, Grill, Rocking horses.
TERMS: 10% down payment on October 15, 2015 balance to be paid on or before November 30, 2015 upon delivery of merchantable abstract and deed and all objections have been met.
POSSESSION: Projected date of November 30, 2015.
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate and will be used to prorate at closing.
Tract #1
GROSS: $686.13
HOMESTEAD: (185.78)
NET: $500.00 (rounded)
Tract #2
GROSS: $75.13
Ag Land: (5.15)
NET: $70.00 (rounded)
4 Acres are in Forrest Reserve
SPECIAL PROVISIONS:
~ It shall be the obligation of the buyer of Tract #2 to report to the Henry County FSA office and show filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Prorate of CRP.
~ Buyer of Tract #2 agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elects to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
~ The buyer(s) of Tract #2 shall be responsible for installing his/her own entrances if needed or desired.
~ The buyer(s) of Tract #2 shall be responsible for any fencing in accordance with Iowa state law.
~ Tract #2 will be sold lump sum price.
~ If in the future a site clean-up is required it shall be at the expense of the buyer(s).
~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
~ The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Owner: Peggy A. Stevens and Tony L. Stevens
Lyndsey l. Kaufman Attorney
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