The Payne properties will be sold in three (3) individual parcels. Parcel 1 will sell first, followed by Parcel 2 both for a "lump sum" total dollar amount. Parcel 3 will be sold last on a price per acre basis, based upon the advertised acres found in this brochure. The parcels will NOT be combined or offered in any combinations. Bidding is not contingent upon financing.

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, May 11, 2020 upon delivery of a merchantable abstract and deed. You're bidding is NOT contingent upon financing. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on all parcels will be given at the time of closing.

Special Provisions

•   This real estate is selling subject to public road easements and all other easements of record.
•  All fences and fence lines shall be governed by the Lee County and State of Iowa fence line rules and regulations.
• Subject to the Iowa Septic System Time of Transfer Law the septic systems on  Parcel #1 & Parcel #2 will require updating. The buyers will be responsible for any testing, future repairs, and/or upgrades.
•  If in the future a site clean up is required, it will be at the expense of the buyer.
• All major appliances are being reserved and sold separately including the utility shed.
• The center portion of the concrete drive will be shared by both the buyers of Parcel #1 & Parcel #2.
• On Parcel #3 of the 34.02 acres 32.90 acres are in the Forrest Reserve Program. 

All announcements sale day shall take precedence over any prior advertising either written or oral. 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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".

CLICK HERE FOR PARCEL 1 PURCHASE AGREEMENT

CLICK HERE FOR PARCEL 2 PURCHASE AGREEMENT

CLICK HERE FOR PARCEL 3 PURCHASE AGREEMENT

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Parcel 1 - Home & 1.5 Acres+/-

(PLEASE READ THE METHOD AND TERMS BEFORE BIDDING ON THE REAL ESTATE)

This one story home features 1,056 sq. ft. of living space having three bedrooms, living room, dining area, eat-in kitchen and 1 3/4 baths. The breezeway attaches the 22' x 24' 2-car garage with insulated overhead doors and has a three seasons room on the back overlooking the wooded area. The home has a full basement with walk out door, gas forced air heat, central air and a woodburning stove. Property also features a Cleary built 26' x 40' pole barn with concrete floor, overhead doors, concrete drive and was recently built in the fall of 2017. All this is served by city water and city gas but lies just outside the city limits on 1.5 acres at the north edge of Ft. Madison, Iowa.
Estimated real estate taxes are $1,866

This parcel will sell as a lump sum amount.

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Parcel 2 - Home & 1 Acre+/-

(PLEASE READ THE METHOD AND TERMS BEFORE BIDDING ON THE REAL ESTATE)

This one story all electric home features 864 sq. ft. of living space having two bedrooms, living room, eat-in kitchen and one full bath. The home has a carport, concrete drive, maintenance free vinyl siding and a newer metal roof. This property is also serviced with city water, gas and again lies just outside the city limits on 1 acre with a view of the timber to the rear.
Estimated real estate taxes are $716

This parcel will sell as a lump sum amount.

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Parcel 3 - 34.02 taxable Acres+/-

(PLEASE READ THE METHOD AND TERMS BEFORE BIDDING ON THE REAL ESTATE)

This parcel consists of 34 acres+/- of mature wooded timber that supports several type of wildlife including whitetail deer, turkey and small game. On the south end just off of Avenue A is a level open area perfect for a new home site. There are several trails running the length of the property ideal for hiking or riding to enjoy the great outdoors just outside of town. Don't miss this opportunity to own your very own recreation spot with an unbeatable location.
Estimated real estate taxes are $20 with 32.09 acres in forest reserve. 

Access is on the southeast off of Avenue A.

The purchase agreement will be adjusted to a quantity of 34.02 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 

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- This is an ONLINE ONLY auction. No onsite bidding is allowed due to health concerns. No item shipping available. All items must be picked up on location Friday, April 10th from 8 a.m. - 2 p.m.
- Final auction order has been set, items will sell in the order they are listed
- There is no buyer's premium for this auction.
- All items are located at: 3066 Cty. Rd. 103, Ft. Madison, Iowa 52627
- Successful buyers will be emailed an invoice at the conclusion of the auction. All items must be paid for before removing - no exceptions.
- Accepted payment methods: electronic check (ACH); wire transfer; credit card (with 3% fee); or personal check by mail. In person payment is not available for this event. The email you receive with the invoice will have a link that walks you through sending payment via electronic check - we encourage buyers to use this option.
- Titles will be mailed to successful buyers. There could be some delays due to all Illinois DMV offices currently being closed - we will get them out as soon as possible.
- Not responsible for accidents, errors or omissions. Announcements sale day take precedence.
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12' x 20' Portable building, metal roof, loft storage, double doors (must be removed by May 4th)
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2016 John Deere 4066R MFWD tractor, hydro trans, (2) hyd. outlets, hitch assist, OROPS, 540 PTO, 3-pt., brush guard, rear wheel weights, 16.9-24 rear tires, 10-16.5 front tires, only 87.4 hours, SN-1LV4066RRCGG100132, sells complete w/ John Deere H180 loader, 6' quick attach material bucket, joystick control, lockout control, SN-1P0H180XKGD009032
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John Deere MX6 6' rotary mower, 3-pt., front & rear chains, 540 PTO
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Land Pride 6' 3-pt. blade, adjustable
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John Deere iMatch rear 3-pt. weight box
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John Deere iMatch rear quick hitch
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2016 John Deere 825i Gator, power steering , power dump bed, turn signals, brush guard, front windshield, mesh doors, roof, steel wheels, 72.8 hours, 248 miles, SN 1M0825GEVGM112365
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2011 John Deere X720 Ultimate riding lawn mower, 25 HP Kawasaki gas engine, 48" deck, brush guard, 3-pt., 540 PTO, power steering, front fenders, rear wheel weights, (2) front aux. hyd., 270 hours, SN-1M0X720AHBM060977
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2005 Chevrolet Trail-Lite 2235S B-Plus 2wd dually motorhome, 6.0L V8, auto trans, PW, dual wheels, LT225/75R16 tires, 6' power slide, awning, Onan generator, fully equipped w/ refrigerator, bathroom, 47,216 miles, VIN-1GBJG31U451110638
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2013 Chevrolet 2500 HD 2wd ext. cab pickup, 6.0L V8, auto trans, 8' bed, trailer package, cloth seats, rubber floor, front brush guard, bed liner, LT265/70R17 tires, 18,452 miles, VIN-1GC2CVCG4DZ188027
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2015 PJ TF182 18' full hyd. tilt tandem axle trailer, 7,000lb. axles, removable fenders, front chain box, 9,900 lb. super winch, 2 5/16" ball, 8 bolt rims, spare tire mount, LED lights, ST235/80R16 tires, VIN 4P5TF1827F1228626
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Polaris Sportsman 500 4x4 ATV, automatic, front & rear racks, front and rear brush guards, 2,111 miles
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Polaris Sportsman 335 4x4 ATV, automatic, front and rear racks, brush guards, 2,007 miles
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white, sells (2) times the money
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as pictured
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as pictured
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white
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white
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