METHOD & TERMS

The real estate will sell for a lump-sum, total dollar amount.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay $10,000 as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monay, July 8th, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes. The 2024 real estate taxes will be prorated to the date of closing. Buyer to pay the 2024 and all subsequent taxes. Possession will be given at the time of closing.

The real estate sells as-is. Buyers are assumed to have conducted their own inspections and due-diligence prior to bidding on the real estate

Auction Manager:
Dale Jones (309) 299-6400

• Situated on 3.45 taxable acres
• Just 25 minutes from the Illinois and Iowa Quad City area
• Just 30 minutes from Muscatine, IA
• Older two-story home in need of significant renovation or demolition
• 2-car detached garage
• 3-horse stable in need of renovation
• 2 open-front cattle sheds with large concrete area
• Other outbuildings and structures
• Deep well
• Existing electrical service
• Open meadow suitable for horses or other livestock
• Parcel number: 04-04-05-400-004
• Property Taxes: $1690.52 (2022)