REAL ESTATE & PUBLIC AUCTION
THURSDAY, JUNE 4, 2015 AT 9:00 AM
Real Estate Sells at 12 Noon
Open House on Thursday, May 21st from 5-6pm.
WAPELLO, IOWA
Auction held onsite at 14035 70th Street, Wapello, IA. Located 2 blocks west of Highway 61 on Locust Street, then mile south on K Avenue.
Tract #1 Four Bedroom Home with Shop & Indoor Pool on 5 Acres M/L
This tri-level home was built in 1979 and has 4,360 sq. ft. of living space.
The main level features a large carpeted living room with double door entry. The upper level has a formal dining room, kitchen with JennAir stove top, Amana side by side refrigerator, GE dishwasher, Whirlpool trash compactor, GE Microwave & GE oven. Spacious master bedroom suite with walk in closet, built in dresser w/ mirror, on suite bathroom with jetted tub & separate shower. Three additional bedrooms and bath are located on this level.
The lower...
The lower level has a large family room with large brick fireplace, walnut wood ceiling & beams along with a wet bar complete with keg tap & refrigerator. This level also has a built in safe, bath, and laundry room with washer & dryer.
Making this home like none other is an attached indoor pool & hot tub. The in ground pool is 19x41 with a separate above ground hot tub, all indoor in the 40x55 heated building.
Other features: attached 3 car insulated garage with openers, gazebo and brick fire pit. 900 sq. ft. concrete crawl/storage space under the main level living room. Two Amana natural GFA furnaces/central air units, two sand point wells, gas hot water heater, (2) 200 amp breaker box & central vac system. New shingles on house 1 year ago & the pool roof 2 years ago.
Shop space includes a 40x40 heated garage with 3 garage doors, 28x42 heated shop with a hyd. lift hanger door, 1 year old 40x40 pole building with (3) 14 overhead doors with one side heated & the other side storage. All buildings are attached and have concrete floors. These buildings have a sand point well.
This tract is situated on 5.04 taxable acres with approx. 1.8 acres tillable.
Have peace of mind, as this home sells with a 1 year warranty, through HomeWarranty, Inc.,
Assessed Value: $289,070
Real Estate Taxes:
Gross: $4,260.23
Homestead: ($136.58)
Net Taxes: $4,124.00
Drainage Taxes: $20.00
Included: JennAir stove top, GE dishwasher, Whirlpool trash compactor, GE Microwave, GE oven, Amana side by side refrigerator, Washer & Dryer
Not Included: 2015 crops; 40 Storage Container; Paint Booth; Air compressors; (4) Lion concrete lawn ornaments; Coors Light hanging light; All personal property
Frigidaire chest freezer, Refrigerator
TRACT #2 11 ACRES M/L
Zoned I-1 and is located south of Tract #1, this tract lends itself to many possibilities. Looking to expand or build, this may suit your needs. Approx. 10.5 acres tillable with 10.9 acres taxable. Located in Section 33, Wapello North Township, Louisa County, Iowa.
Real Estate Taxes:
Gross/Net : $182.00
Drainage Taxes: $96.00
Not Included: 2015 crops
Terms: 20% down payment on June 4, 2015. Balance at closing with projected date of July 3, 2015 upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of July 3, 2015 (Subject to tenants rights on tillable land)
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.
Special Provisions For Both Tracts:
~ The tillable farm ground is being rented for the 2015 farming season. 100% of the cash rent goes to the seller.
~ It shall be the obligation of the buyer(s) to serve termination to the tenants, prior to September 1, 2015, if so desired.
~ The seller will have the septic system inspected prior to the auction.
If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
The seller shall not be obligated to furnish a survey.
It shall be the obligation of the buyer(s) to report to the Louisa County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
If in the future a site cleanup 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 seller shall purchase a 1 year home warranty, through Home Warranty, Inc., at sellers expense, which will include the pool & hot tub. Any deductibles for claims or other matters will be at the expense of the buyer.
The buyer(s) acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer(s) is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Any announcements made the day of sale take precedence over advertising.
Owners: Ronald & Kathy Pallister Rons cell 319-209-3980
William R. Jahn, Jr. Attorney for Seller
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