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LISTING #20100

PRICE: Please contact agent for details.

DESCRIPTION: These properties consist of a residential facility located at 1909-B Summit Street (Tract #1) and a home located at 1909 Summit Street (Tract #2), Marshalltown, Iowa. These properties will be offered separately and then combined.

DIRECTIONS: These properties are located in the NW part of Marshalltown, Iowa. Please watch for real estate signs.

LEGAL DESCRIPTION: Tract #1-Lot #3/3 Except the West 50' & Lot 1/1/2 Except West 50' of the NE 1/4 SE1/4 28-84-18.

Tract #2-Lot 8/1/2 & West 30' of Lot 7/1/2 NE1/4 SE1/4 28-84-18.

Please refer to abstract for exact legal descriptions.

Tract #1 consists of 6.22 acres m/l of land, which is mainly timber. Access to this property is via Van Orman Road. This property is presently zoned “Multi-Residential.”

Tract #2 consists of a house and lot that is 12/100 acre m/l in size. Access to this property is off of Summit Street. This property is presently zoned “Residential”.

Both of the above properties are being sold “As Is, Where Is”. There are some appliances, furniture, and fixtures in these properties that are included in the sale.

IMPROVEMENTS: Tract #1: This property consists of a 2-level building that has 12 bedrooms, 4 full baths and 4 ½ baths. There are 2 kitchens along with 2 large lounge areas. This property also has new 3-car garage. All furniture and appliances are included in this sale of this property.

Tract #2: This property consists of a 1088 square foot home with a full walkout basement. This home has been converted to offices and has a full bath, as well as a ½ bath. All furniture and appliances are included in this sale of this property.

TAXES: Tract #1 & #2 are tax exempt at this time.



SALE METHOD: These properties will be offered as two individual tracts or as a total unit.

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.

POSSESSION: Possession will be granted at closing, which will occur about 30 days after an acceptance of offer by all parties.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs.

CLOSING: Closing will occur on whatever date is negotiated by both buyer and seller. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.

ATTORNEY: Stacey Harding

SELLER: Josiah White’s Quakerdale Foundation

This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged perform their due diligence on the subject property prior to submitting an offer. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change.

Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.

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