Spencer Auction Group
Real Estate Auction
Timed Online
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#1
1228 Panora Ave, Woodbine, IA Timed Online Auction 1228 Panora Ave, Woodbine, IA Tuesday, July 30th, 2024@ 10am Directions to the property: From Woodbine, IA, North on Panora Ave approximately 8 miles to the acreage. Signs posted Online Bidding: Interested parties visit www.spencergroups.com and register to bid. Contact Spencer Groups to submit a bank letter of creditworthiness by contacting the Spencer Groups office at 712-644-2151. Upon registration and bank letter, you will be approved to bid. Cooperating Brokers: Contact Spencer Groups office at 712-644-2151 to register your bidder. Your bidder must be registered by Monday, July 29th @ 10am. Open House: Property will be open for viewing Sunday, July 14th, Sunday, July 21st and Sunday, July 28th from 1-3pm or shown by appointment by contacting Ed Spencer at 402-510-3276. Legal Description: Parcel A of the SW ¼ NW ¼ and Parcel A of the NW ¼ NW ¼, all in 17-81-42, Harrison County, Iowa.
Home Details 1 ½ Story, 1860sq. ft home built in 1887 on 17.56 acres m/l Outbuildings include garage, 36x48 Steel utility building 40x96 barn, and other sheds. Propane Tank Taxes: $1908 in 2022. Taxes to be prorated to the date of closing. Seller will provide a termite inspection, water test and septic inspection prior to closing. Property selling “as-is, where-is”. 10 acres is currently rented at a rate of $1500 per year. Possession of that 10 acres will be on March 1st, 2025. Seller will retain 100% of the 2024 cash rent.
Terms: Method of Auction: Property will sell on a total dollar basis. Your bid is not subject to financing, inspections or contingencies of any kind. Property is offered in its as-is condition. Sellers will have until 5pm on the day of the auction to accept or reject the final bid. Upon acceptance, buyer will place a 10% non-refundable earnest deposit in the Blair Title Trust Account, where it will be held until closing. Seller to provide an updated abstract. Buyer to provide a title opinion. Each party will be responsible for closing costs associated with closing a real estate transaction, which will include a closing fee to the title company. Possession: Buyer will receive full possession of the home and outbuildings at closing. Parcel A NWNW is rented for the 2024 crop year. Buyer will receive possession of the PARCEL A NW NW LINCOLN (11.43 acres m/l in a separate parcel) on March 1, 2025. Sellers will retain 100% of the cash rent for the 2024 year. Closing: Closing to be on or before August 30th, 2024. Agency: Spencer Auction, Ed Spencer Real Estate and Farms America, INC, are agents for and represent the Sellers in this transaction. All bidders shall be considered customers, not clients. Disclaimer: Announcements made by the auctioneer at the time of the sale and emailed to registered bidders will take precedence over any and all previously printed material, or any oral statements made. All information contained herein and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspection investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs, and information provided by the county assessor. The conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
Gary “Reggie” Stewart Estate, Owner Judson Frisk, Attorney for the Estate Ed Spencer, Broker/Auctioneer 402-510-3276 Spencer Groups, INC Farms America/Ed Spencer Real Estate 322 E 7th St, Logan,IA 51546 712-644-2151 -office |