Ranch Style Home - Real Estate Auction
Saturday-August 25th-11:00 AM
705 Webster St. - Farragut Iowa
Ruth Kempton Estate - Owner
Legal Description: E 105' of Lt 39 Coys 2nd Add.
Year Built: 1966
Square ft. finished on main floor: 2250
Basement sq. ft.: 500
Garage: 4 stall attached
Lot size: 105' x 136'
Annual Gross Taxes: $1992.00
Comments: The following items are new in the past 1-10 years: Vinyl siding, windows, roof, storm doors, patio door, High efficiency furnace, Central AC, Hot Water Heater, Electronic Air Filter, 200 Amp Electrical service, Extra Insulation package.
Terms & Conditions:
Purchase Agreement: Successful bidder will enter into a purchase agreement immediately after being declared the winning bidder by the Auctioneer. PLEASE NOTE: The purchase agreement will offer NO
CONTINGENCIES for financing, property condition, or any other alterations to the contract. Prospective Buyers are urged to inspect the property prior to the auction date to their own satisfaction. Property is being sold AS IS - WHERE IS.
Minimum Opening Bid: The minimum opening bid is only $75,000 and will sell absolute once that bid is received.
Earnest Deposit: Successful bidder will provide an Earnest Deposit in the amount of $5000.00 which will be deposited in the Trust Account of Clear Title & Abstracting. Deposit will only be refunded if the SELLER defaults, or if required by Iowa law.
Taxes: Taxes will be prorated to the date of closing.
Closing: Closing to be on or before September 25th, 2012. Closing to be conducted by Clear Title & Abstracting with the closing fee to be split 50/50 between the Buyer and the Seller.
Possession: Buyer will receive possession upon successful closing and filing of all required documents.
Title: Seller will provide Clear & Marketable Title and will bring the Abstract up to date and will provide it to the Buyer's attorney for Title Opinion at the Buyer's Expense. If Buyer chooses Title Insurance instead of Abstracting, Clear Title & Abstracting will provide the Title Insurance with the cost split 50/50 between the Buyer and the Seller.
Easements: Sale is subject to any and all Easements and Right of Ways of record.
Agency: Byron Menke, United Country Loess Hills Realty & Auction and their agents are acting as Exclusive Agents for the Sellers.
All information is from sources deemed reliable by United Country Loess Hills Realty & Auction, however no guarantee or warranty to its accuracy is given. Buyers are encouraged to research any information to their own satisfaction. All statements made the day of the auction take precedence over all printed material.
Auction Conducted By:
Byron Menke - Broker/Auctioneer
712-487-3542 or 402-630-6469