15296 Highway 61, Burlington, IA 52601 - Des Moines County

Des Moines County Acreage & Farmland Auction

Burlington, Iowa Located at 15296 Highway 61 (5 miles north of Burlington on Highway 61)

TUESDAY, SEPTEMBER 25, 2012 AT 5:02 PM

Showing on Tuesday, September 11th from 5-6 pm

38.6 Acres M/L Sells in Two Tracts

Tract #1 Large Brick Home on 2.38 Acres, M/L

Well maintained brick ranch style home built in 1961 with 1628 sq.ft. of living space.

Spacious kitchen with refrigerator, stove, bar area and bath off kitchen. Dining room with carpet(hardwood floors underneath). Large living room with stone fireplace and sliding glass doors to large 3 season sunroom. Three bedrooms, 1 with hardwood floors. Den/office could be fourth bedroom. Full bathroom. Full unfinished basement with fireplace, laundry hookups, Lennox hi efficient GFA furnace with central air. Rathbun rural water & well. Outbuildings include a detached 24x32 garage & 48x64 barn with silo. Mediapolis School district.

Tract #2 - 36.22 Acres, M/L Taxable Acres

Excellent opportunity to purchase land with income from the tillable ground and balance being a secluded getaway with stocked pond with catfish, picnic area & timber!!

FSA information:

17.6 acres tillable

114 bu. corn yield with a 3.1 acre corn base

33 bu. bean yield with a 2.2 acre bean base

37 bu. wheat yield with a 0.3 acre wheat base

CSR of 77.7 on tillable ground.

Located in Section 35, Franklin Township, Des Moines County, Iowa

Included Tract #1: Refrigerator & Stove

Not Included Tract #1: Washer, dryer, LP tank, All personal property

Not Included Tract #2: 2012 crops.

TERMS: 20% down payment on September 25, 2012 balance to be paid on or before October 25, 2012 upon delivery of merchantable abstract and deed.

POSSESSION: October 25, 2012 (Subject to tenants rights)

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.

Tract #1

Gross - $ 1,630.12

Net - $1,630.00

Assessed Value of Home: $118,000

Tract #2

Gross - $506.70

Ag. Land - $16.84

Net - $490.00

Special Provisions:

Tract #1 has been surveyed by a registered land surveyor.

Seller shall not be obligated to furnish a survey of Tract #2.

Termination has been served to the tenant on Tract #2.

Sale is subject to rights, if any, of Trustees of Burrus Cemetery. Said Burrus Cemetery is platted in the neighboring eastern tract, but a portion of such may lie physically in the tract being sold.

There is an easement for the adjoining land owners for ingress & egress along the south side of both Tracts #1 & #2.

The buyer of Tract #1 shall be reimburse the seller for the remaining LP in the LP tank at the current rate on the day of closing.

It shall be the obligation of the buyer of Tract #1 to update the septic system according to the rules governing in Des Moines County. Buyer will be required to sign a Time of Transfer Inspection Waiver Binding Acknowledgement for Future Installation at time of closing of real estate. Buyer will be required to apply for a Disposal Installation Permit with the Des Moines County Sanitarian and agree to complete the work by the rules governing Des Moines County.

The buyer of Tract #1 will be responsible for yard care following the auction if desired.

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 one buyer purchases both tracts, the seller shall only be obligated to furnish one abstract and deed. (husband and wife constitute one buyer)

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(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.

Owners: Larry & Elizabeth L. Hetrick

BJ Jahn Attorney