Tract 3: 14.64+/- Acres Mills County, IA

592.36+/-Acres Mills County, Iowa

Selling in 7 Tracts On Our

UNRESERVED ONLINE AUCTION

March 9, 2023

Bidding opens February 23, 2023, and ends March 9, 2023, at 1:00 p.m. CDT

Description: This property consists of a total of approximately 592.36+/- acres. These acres are divided into 7 tracts, some of which have been surveyed to determine the exact acres.

Possession is open for 2023.

Tract#3:  This approximate 14.64+/- acre tract is located on the east side of 325 Street, sloping to the south-southwest,  giving it excellent appeal. The CSR rating on the parcel is 81.90. Build your new home and/or cabin and enjoy the grass, trees, and canyon land that has been surveyed to be included with this tract. Make plans to purchase this hard-to-find small acreage located close to town on 325 Street, which is a very good gravel road. The area in the lower portion of this tract is in the flood plain.

See the survey of tracts 2 and 3 with parts of tracts 1 and 4 at the bottom of the page under additional resources.

The bidding increments will be $100/acre on Tracts 1 thru 5. Bidding increments will be $1000/acre on Tracts 6 & 7. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting & Auction:

Malvern Public Library

502Main Street

Malvern, Iowa 51551

BigIron Realty Agents will be at the Malvern Public Library in Malvern, IA, on Thursday, March 9, 2023, from 10:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the property. BigIron Realty Representatives will be there to assist buyers with bidding online. You do not have to be present to bid online, but you must be available by phone.

BIDDING PROCESS: You may place bids on this real estate for 14 days beginning February 23, 2023, and ending March 9, 2023, at 1:00 p.m. This unreserved online auction features bidding extensions. The closing times will be automatically extended when the property receives a bid in the last 5 minutes and close when there is no bid for 5 minutes. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call 800-887-8625 for assistance.

Legal Description: NW part of the SW ¼ of the NE ¼ of 21-72-41, Parcel # 08196001, Mills County, IA, containing 14.64+/- acres.

2022Taxes:  Approximately $407.00+/-  

Owner:  Raburn A. Benton Trust 

For more information, contact the listing agents:

Ron Stock 402-649-3705 and John Buhl 402-649-3750

Terms: The successful buyer will be required to enter into a written purchase agreement with a   10% Non-Refundable Earnest Deposit payment on the day of the auction. The balance will be due at closing on or before April 12, 2023, with full possession for the 2023 season at closing. The seller will provide a marketable title to the buyer, evidenced by providing a current updated abstract / title insurance to the property. The closing costs will be split 50/50 between the buyer and seller. The seller will pay the 2022 real estate taxes, and the buyer will pay the 2023 taxes. The property will not be sold subject to financing. Please have all financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.