4575 Summer Street, Burlington, IA 52601 - Des Moines County

Des Moines County ESTATE REAL ESTATE & LAND AUCTION

Burlington, Iowa

Located at 4575 Summer Street.

TUESDAY, OCTOBER 23, 2012 AT 4:02 P.M.

Open House on Tuesday, October 9th from 4-5pm

ATVs welcome and encouraged at open house.

55.16 Acres M/L Sells In Two Tracts

Tract #1 Well Maintained Large Brick Home on 1 Acre, M/L

1,864 sq.ft. brick ranch style home built in 1960.

Kitchen with Whirlpool refrigerator, gas stove & built in microwave.

Large living room with brick fireplace.

Formal dining room.

Large master bedroom with hardwood floors.

Two Bedrooms with new carpet.

Two baths on each side share tub & large vanity

Full unfinished basement with fireplace, washer & gas dryer, Carrier hi efficient GFA furnace with central air, ample shelving & photography dark room.

Newer roof and concrete drive

Large breezeway leads to the oversized 23x34 two car garage with ample storage.

1 acre lot with large backyard and mature trees.

Rathbun water

Alliant gas.

Tract #2 54.16 Acres, M/L Acres Timber Ground

Escape to the country but only seconds from town!!

Excellent opportunity to purchase land on a hard surface road with timber, creek, trails, pond & barn. Potential building site(s) with walkout basement possibilities.

***Beautiful park like setting with lots of wildlife

Included Tract #1: Refrigerator, Stove, Microwave, Washer, Dryer, Shelving

Not Included Tract #1: All personal property

Not Included Tract #2: Campers & other personal property.

TERMS: 20% down payment on October 23, 2012 balance to be paid on or before November 21, 2012 upon delivery of merchantable abstract and deed.

POSSESSION: November 21, 2012.

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 - $2,370.99

Homestead - $116.54

Net $2,254.00 (rounded)

Tract #2

Gross - $780.35

Ag. Cr - $37.29

Net - $742.00 (rounded)

Special Provisions:

Seller shall not be obligated to furnish a survey.

Due to this being an estate, the seller will be exempt from all Iowa septic system laws. Any inspections, upgrades, repairs or maintenance to the septic system will be at the buyers expense in accordance with Des Moines County & Iowa Laws & regulations.

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.

Owner: Reva I. Ewinger Estate

Tim Liechty Attorney