Sullivan Auctioneers LLC, Hamilton, IL—217.847.2160
Sullivan Auctioneers LLC
Hamilton, IL — 217.847.2160
Jim Sullivan
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Bontrager Auction

#gpcBontrager — Rural Homes - outside city limits

Redbud Ave.
Bonaparte, IA  52620  (Van Buren County)

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Property for Auction
Auction Saturday October 31, 2020
Tract 1 – Home, Shop on 8.69 Surveyed Acres

Large 2,816 sq. ft. 2 story home with full basement built in 2005.
40’ x 80’ shop building with concrete floor, fully insulated, and overhead doors built in 2012.
32’ x 96’ machine storage building with concrete floor and rolling doors built in 2010.
Older barn with newer lean-to on the north.
14’ x 22’ detached garage with concrete floor.
Nice stocked pond.
Rathbun Rural Water services this property.
Access is on the east off of Redbud Avenue.

Tract 2 – 32.63 Surveyed Acres

FSA information indicates 30.14 acres tillable.
Productive soil types include Seymour and Kniffin.
CSR2 is 55.6 (tillable acres).
Access is on the east off of Redbud Avenue.

Method & Terms

The Bontrager Property will be sold in two (2) individual tracts based on a survey that has recently been completed. Tract 1 will be sold first for a lump sum total dollar amount. Tract 2 will be sold next on a price per acre basis, using the surveyed acres to constitute the final settlement price. The farm will NOT be offered in its entirety or 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, November 30, 2020 upon delivery of a merchantable abstract and deed. 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. Full possession on both tracts will be given at the time of closing. Tract 2 sells with full farming rights for the 2021 crop year.
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”.

Perry R. & Fannie Mae Bontrager – Sellers

Representing Attorney: H. Craig Miller, H. Craig Miller Law Offices, 903 4th St, Keosauqua, IA 52565, Phone: (319) 293-3755

Jim Sullivan