James G. Milani Estate

James G. Milani Estate

Tuesday, March 7, 2023  |  10:00 AM Central
Auction closed.
James G. Milani Estate

James G. Milani Estate

Tuesday, March 7, 2023  |  10:00 AM Central
Auction closed.
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Description

359 Acres± • 6 Tracts -

Mark your calendars now for this upcoming Appanoose County Iowa land auction. These diverse farms offer it all including productive tillable farmland, improved pastureland and attractive recreational acreage. Several tracts are nicely located close to Lake Rathbun or Sundown Lake offering desirable new home building sites. Tract 6 offers a 2+ acre country acreage that includes a ranch style home and a very nice Morton storage building. This is an auction that you will not want to miss!

Auction Representatives:
John Probasco (641) 856-7355
Jim Huff (319) 931-9292

Merit Auctions, LLC


319-405-0031
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Method & Terms

Lot # 0 (Sale Order: 1 of 7)      

This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-6.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, April 10, 2023 upon delivery of a merchantable abstract and deed.
At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing. Tract 6 is serviced by a private septic system and are subject to the Iowa Septic System Law, they are exempt from any testing or upgrades, any future testing or upgrades will be at the buyers expense. For details contact the auction company.
The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its as is condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.

James G. Milani Estate
Greg Milani, Executor


Representing Attorney:
James R. Underwood
Underwood Law Office
202 N. 12th Street
Centerville, IA 52544
(641) 856-2204


Auction Representatives:
John Probasco (641) 856-7355
Jim Huff (319) 931-9292


1-Milani, James - tracts 1 & 2 plat overlay.pdf
Milani, James - tracts 1 & 2 plat.pdf
...more

Bid Not Accepted!

Bid Accepted!

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PASSED

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This lot was not sold.

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Reserve Not Met

Tract 1 10.48 Surveyed Acres...

Lot # 1 (Sale Order: 2 of 7)      

Quantity: 10

  • FSA information should indicate 8.04 acres of tillable cropland, currently in hay production.
  • Weller, Pershing & Keswick soils.
  • CSR2 is 56.6.
  • This tract offers an attractive home building site and is in close proximity to Lake Rathbun.
  • Access is on the east by Boyer Ridge Rd.
  • Please note the Purchase Agreement will be adjusted to reflect 10.48 surveyed  acres. The bidding platform  will round the quantity to 10 Acres.

Milani Estate Tract 1 Purchase Agreement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,900.00
$8,900.00 x 10 = $89,000.00
Total Bid: USD 89,000.00

You've been outbid  to c****0! to YOU!

Placing your bid. please wait...

$8,900.00 x 10 = $89,000.00 Total

Tract 2 10.45 Acres...

Lot # 2 (Sale Order: 3 of 7)      

Quantity: 10

  • FSA information should indicate 7.41 acres of tillable cropland, currently in hay production.
  • Pershing, Weller & Armstrong soils.
  • CSR2 is 61.7.
  • This tract offers an attractive home building site and is in close proximity to Lake Rathbun.
  •  Access is on the south by 458th St.
  • Please note the Purchase Agreement will be adjusted to reflect 10.45 surveyed  acres. The bidding platform  will round the quantity to 10 Acres.

Milani Estate Tract 2 purchase agreement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 6,500.00
$6,500.00 x 10 = $65,000.00
Total Bid: USD 65,000.00

You've been outbid  to T****8! to YOU!

Placing your bid. please wait...

$6,500.00 x 10 = $65,000.00 Total

Tract 3 97.65 Deeded Acres...

Lot # 3 (Sale Order: 4 of 7)      

Quantity: 98

  • FSA information indicates 74.78 acres of tillable cropland, currently in row crop production.
  • Pershing, Weller & Mystic soils.
  • CSR2 is 59.8.
  • The wooded draws and the (2) ponds located on this tract offer desirable recreational acreage.
  • Access is on the north by 458th St
  • Please note the Purchase Agreement will be adjusted to reflect 97.65 Deeded acres. The bidding platform will round the quantity to 98 acres.

Milani Estate Tract 3 Purchase Agreement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,600.00
$5,600.00 x 98 = $548,800.00
Total Bid: USD 548,800.00

You've been outbid  to g****8! to YOU!

Placing your bid. please wait...

$5,600.00 x 98 = $548,800.00 Total

Tract 4 157.71 Deeded Acres...

Lot # 4 (Sale Order: 5 of 7)      

Quantity: 158

  • FSA information indicates 99.16 acres of tillable cropland, currently in row crop and hay production.
  • Olmitz-Vesser- Colo, Mystic & Armstrong soils.
  • CSR2 is 48.8.
  • The balance of the farm is in pasture and wooded draws offering desirable hunting/ recreational acreage. There is a small pond and an older storage building located on the property. This tract offers several attractive home building sites and is conveniently located just north of Centerville, IA with hard surface road access.
  • Access is on the west by St. Hwy 5.
  • Please note the Purchase Agreement will be adjusted to reflect 157.71 Deeded acres. The bidding platform will round the quantity to 158 Acres.

Milani Estate Tract #4 Purchase Agreement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 4,550.00
$4,550.00 x 158 = $718,900.00
Total Bid: USD 718,900.00

You've been outbid  to S****3! to YOU!

Placing your bid. please wait...

$4,550.00 x 158 = $718,900.00 Total

Tract 5 81.58 Taxable Acres...

Lot # 5 (Sale Order: 6 of 7)      

Quantity: 82

  • FSA information indicates 38.71 acres of tillable cropland, currently in pasture land.
  • Olmitz-Vesser-Colo, Keswick & Lindley soils.
  • CSR2 is 39.2.
  • The balance of the farm is in wooded areas & wooded draws offering attractive hunting/ recreational acreage. This parcel is nicely located in close proximity to Sundown Lake.
  • This parcel is improved with (3) ponds, several tire waters and an older home & outbuildings. Rathbun Rural Water is located on this tract.
  • Access is on the north by 450th St
  • Please note the Purchase Agreement will be adjusted to reflect 81.58 taxable acres. The bidding platform will round the quantity to 82 Acres.

Milani Estate Tract 5 Purchase Agreeement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 4,700.00
$4,700.00 x 82 = $385,400.00
Total Bid: USD 385,400.00

You've been outbid  to b****h! to YOU!

Placing your bid. please wait...

$4,700.00 x 82 = $385,400.00 Total

Tract 6 Country Acreage & 2.2 Taxable Acres... Physical Address: 19229 Hwy 5, Centerville, IA 52544

Lot # 6 (Sale Order: 7 of 7)      

  • This tract is improved with a ranch style home that features (2) bedrooms and a single bath offering 2,752 sq. ft. of living area. There is a full basement, GFA furnace and central air. Other improvements include a 30? x 60? Morton storage building that has a concrete floor, is insulated and has heat.
  • This acreage has a ton of potential and has a great location just north of Centerville, IA with hard surface road frontage.
  • Access is on the east by St. Hwy. 5.
  • Open House Monday, February 27th from 
  •  4:30 to  6:00 PM

Milani Estate Tract 6 Purchase Agreement.pdf

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 126,000.00

You've been outbid  to d****9! to YOU!

Placing your bid. please wait...

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