Unprecedented land development opportunity in the Iowa City area!! For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944.

JOHNSON COUNTY DEVELOPMENT LAND AUCTION

 

UNIVERSITY HEIGHTS, IOWA (Iowa City, Iowa)
The land is located north of Melrose Avenue at the end of Sunset Street.


Land Preview On Thursday, May 31stfrom 1- 2 PM


Auction to be held at

Hotel Vetro
E.W. Lehman Ballroom (Second floor)
201 South Linn Street, Iowa City, Iowa


Registration for the auction begins at 12:00 Noon with appetizers & drinks.

Online Bidding Available!

< Click Here > for Day of Auction Contract

Survey now complete – 11.84 Acres < Click Here > for survey

 

11.84 Surveyed Acres – Sells in One Tract

This auction presents an unprecedented land development opportunity in the popular University Heights area.

This property has access from Sunset Street and Golfview Avenue and provides multiple possibilities to an individual owner or developer.  The land is comprised of one tax parcel 1009351009 and is currently zoned R-1.  The land is mostly timber, allowing the property to qualify for the Forest Reserve property tax exemption.

 

Terms:A 10% down payment will be due on the day of the auction.  This will be due following the close of the auction and upon signing of the contracts between buyer & seller.  Forms of down payment include cash, personal check, business check or cashier’s check.  The balance will be due at closing with a projected date of July 30, 2018, upon delivery of merchantable abstract of title and a trustee’s warranty deed and all objections have been met.

Possession: Projected date of July 30, 2018.

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.  Subsequent taxes and or special assessments, if any, to be paid by buyer.

Gross/Net Taxes:        $0.00 – Property has Forrest Reserve property tax exemption.

Special Provisions: 

 


Ruth V. Swisher Revocable Trust – Seller

Farmers & Merchants Bank & Trust – Trustee
Kelli S. Johnson – Trust Officer
221 Jefferson Street, Burlington, IA

 

Sara L. Haas of Aspelmeier, Fisch, Power, Engberg & Helling, P.L.C 
Attorney for Trust

321 North 3rd Street, Burlington, IA

 

For information contact sale manager Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944


in Other

Photo Gallery

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Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Steffes Group Inc., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.