LOUISA COUNTY REAL ESTATE AUCTION
MORNING SUN, IOWA
Auction held onsite at 16748 50th Street, Morning Sun, IA.
Acreage is located 3 miles north of Morning Sun on CR X37, then 1 mile east on 50th Street.
THURSDAY, OCTOBER 8, 2015 AT 10:00 AM
Real Estate Sells at 12:00 Noon
Open House on Friday, September 25th from 5 6 pm.
FOUR BEDROOM HOME ON 8.7 ACRES M/L
This is the acreage everyones been looking for with mature trees, pond, pasture area & outbuildings, all in one package. This two story home has 2,418 sq.ft. of living space and was built in 1900. The home features a large eat in kitchen that offers plenty of counter & cabinet space with updated linoleum flooring, electric stove & dishwasher(does not work). Full bath and laundry area off of kitchen. Large living room with picture window and updated carpet. Main level bedroom. Spacious front living room/family room.
The o...
The open stairway leads to 3 bedrooms upstairs and bonus room with back stairway to kitchen. Basement has an updated hi efficient GFA furnace with central air, 100 amp breaker box & water softener. Updated windows on main level of home. Home is on a well. New septic system will be installed by the sellers. Attached 28x30 oversized two car garage.
Large pond with mature trees throughout the property. The fenced pasture offers a perfect setup for livestock or horses along with 2 barns, 14x20 garden shed with wood floor, 14x20 tool shed with concrete floor, 20x30 metal storage shed, chicken house & (2) small grain bins. All situated on 8.7 taxable acres M/L.
Included: 500 gal. LP tank, Stove, Dishwasher(does not work), Washer, Dryer, Water softener
Not included: Windmill, Anchor, Dinner bell, Wood stove in garage, Fuel barrels, Refrigerator, All personal property.
TERMS: 10% down payment on October 8, 2015. Balance due at closing with a projected date of November 23, 2015, upon delivery of merchantable abstract and deed and all objections have been met.
POSSESSION: Projected date of November 23, 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.
Real Estate Taxes
Gross: $1,162.31
Ag Credit: $ 9.60
Family Farm Credit: $ 6.81
Homestead Cr: $ 144.33
Net Taxes: $1,002.00 (rounded)
SPECIAL PROVISIONS ON REAL ESTATE:
~ Seller shall not be obligated to furnish a survey.
~ The seller, at their expense, will have the septic updated in accordance with Louisa County & Iowa laws & regulations. This shall take place before closing on the real estate.
~ The buyer of the real estate shall reimburse the seller for the remaining gas in the LP gas tank at the current rate on the day of closing.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
~ If in the future a site clean-up is required it shall be at the expense of the buyer.
~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer 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.
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