Patsy Johnston Estate Land Auction
Description: 70 acres of mostly tillable productive land in section 15 of Fayette township. Legal description: 40 acres SE-NW and 30 acres NE-NW. Property is located on 300th Street, between Elk Chapel Road and 69 Highway, bordering the south corporation line of the city of Lamoni. Taxes on the SE-NW are $840.00 per year and taxes on the NE-NW will need to be adjusted as the estate is keeping 10 acres on the frontage of 300th Street. Survey has been done, the corners have been pinned and flagged, and complete survey papers will be available by the auction date.
Terms: 10% down day of auction. Balance due plus a 3% buyers premium due at date of closing. Possession at closing subject to tenant’s rights on or before October 1, 2018. All information here is deemed to be reliable. Neither sellers nor Wagner-Dent Auctions make any warranties either expressed or implied as to their accuracy. Potential bidders are urged to do their own due diligence and make their own inspections. Online bidding is available at All Auctions Inc.com or by mobile app. Online purchases are subject to a 4% buyer premium.
Ed Cox, Centerville, Iowa Attorney and Closing Agent.
13401 300th Street Lamoni, IA 50140
Auction to be conducted onsite at 12:30 with refreshments and viewing at 11:30AM.