Drenth - Garnjobst

Tract 1 General Description: Selling will be a very unique property with so much potential! This property was converted to a home from the original Cornell School. It was built in 1914 and has 7156 total sq ft. Part of the building still remains as classrooms. The home has an attached single garage with overhead door, entry way with sliding patio door, kitchen with wooden cabinets and linoleum flooring, utility room, 2 bedrooms, full bath with tub and separate shower, office area, work shop room with wooden work bench, many other large storage rooms that could be converted, and a storm cellar. Included appliances are a stove, refrigerator, dishwasher, and stacked washer and dryer. The West part of the building has many larger rooms that could be used for additional bedrooms, offices, storage, etc. The exterior of the building is brick and has a metal roof approx. 7 years old. The home has a furnace with gas and electric heat, there is central air through a portion of the home, a marathon electric water heater, and many new windows. The property is very picturesque with nice trees, garden area, landscaping and many flowers. It is a very peaceful location! The property also has several open front storage buildings. Buyers will be responsible for all costs associated with bringing the septic system up to Iowa Code. Tract 1 Brief Legal Description: 1.20 acre tract in the SW 1/4 of NE 1/4 in Section 19-94-36, Clay County, Iowa. Property contains 1.20 acres. Tract 1 Real Estate Taxes: The estimated net real estate taxes are $510 per year. The taxes will be pro-rated to the buyer as of the date of possession based on the current taxes. The abstract will be continued to date. Seller guarantees a clear and marketable title on the property. Tract 1 Real Estate Terms: 25% down payment upon close of auction and notification of successful bidder on August 10, 2017. Balance will be due at closing, on or before September 13, 2017. Tract 1 Real Estate Possession: September 13, 2017. Tract 2 General Description: Selling will be a 3.70 acre tract located near many acres of plush Iowa hunting ground. These 3.70 acres have a nice tree line and lots of potential! The property also has the original gymnasium that was converted to a Quonset type storage building, and a 26' x 60' machine shed with sliding doors and an overhead door.Tract 2 Brief Legal Description: 3.70 acre tract in the SW 1/4 of NE 1/4 in Section 19-94-36, Clay County, Iowa. Property contains 3.70 acres. Tract 2 Real Estate Taxes: The estimated net real estate taxes are $470 per year. The taxes will be pro-rated to the buyer as of the date of possession based on the current taxes. The abstract will be continued to date. Seller guarantees a clear and marketable title on the property. Tract 2 Real Estate Terms: 25% down payment upon close of auction and notification of successful bidder on August 10, 2017. Balance will be due at closing, on or before October 1, 2017. Tract 2 Real Estate Possession: October 1, 2017. Open House: An open house will be held on Thursday, July 27 from 5:00 pm to 7:00 pm. A second open house will be held on Tuesday, August 8 from 5:00-7:00. If this is not convenient please contact Todd at 712-348-0111 or call the auction company at the phone numbers listed below for an appointment.Auctioneer's Note: Here is a great opportunity to purchase a picturesque acreage with lots of potential and adjoining land. This will be an 'ONLINE ONLY AUCTION'! This method offers you the opportunity to bid at your convenience any time of the day or night. Go to our website: www.vw72.com for instructions on how to register and bid. If you have any questions regarding the online bidding, please give us a call at 712-729-3264 or email us as at auctions@tcaexpress.net. Thanks for your interest, have fun bidding and please call if we can assist you in any way! Terms: These properties are being sold "as-is" "where-is". Information contained within this advertising was received from sources deemed to be reliable, however no warranties are provided by the auction company regarding these. All prospective bidders are encouraged to take whatever steps necessary to satisfy themselves regarding the sizes, condition, real estate taxes and all other information provided in this advertisement. There are no warranties expressed or implied by the Auction Company or auctioneers. The auction company represents the SELLERS in this transaction. Additional terms and conditions are posted online. Potential bidders must agree to these terms and conditions prior to registering and bidding. Online announcements will supersede any written advertising information. Buyers will be responsible for all costs associated with bringing the septic system up to Iowa Code.