2921 220th St. Winthrop

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Auction Date: September 28, 2024

Title: ESTATE ACREAGE AUCTION! 2921 220th St. Winthrop. 3 AC M/L House, machine shed and grain bins

Short Description: 3 Acres M/L Address: 2921 220th St, Winthrop, IA 50682 House, 2 car detached garage, 3 grain bins w/over 70K storage and a 60' X 120' machine shed w/16ft tall doors. Auction Date: September 28, 2024 - Acreage sells at 11:00AM OPEN HOUSE MONDAY SEPT. 23RD, 5-7 P.M.

Description:

The house is a turn of the century house, with hardwood floors under the carpet on the main floor
and woodworking throughout.  The metal roof and replacement windows installed in 2016. There
is an updated propane furnace and water heater. The house will need updates but currently there
is 1 bathroom, 1 half bath, and 3 bedrooms upstairs, with 1 non-conforming bedroom.
The main level has a kitchen, family room, dining room, and study/office.

Located in the East Buchanan school district

Link for walk through of the house:

The machine shed can store a LOT of equipment. 1/3 of the shed has a concrete floor, hydrant,
and floor drain.  There is also 220v power in the shed and to the bins.  There are 3 large
doors.  A 24-foot garage door, a 20-foot slider, and a 24-foot slider, all 16ft tall.
The grain bins are ready for fall grain! Bins are 42’, 36’ and 30’all with aeration floors, power
sweeps and unloads. OVER 70K BUSHELS OF STORAGE READY FOR USE.

This is the perfect opportunity for either cash flow on storage, using the storage for your harvest, all while renovating the house to make it what you want!

LP tank is not owned by the estate.

This property is being offered in an “as is, where is” condition.  From the Daniel Gallery estate.

Terms:  10% down day of the auction with signed purchase agreement, balance due at closing in 30 days.

Annual taxes:  $2332.  Taxes prorated to time of closing.
Payments to be made to Lange & Mcmahon PO trust account.
Purchase price is not contingent on financing.
$500 closing fee to be split equally between sellers and buyer
Family reserves the right to accept or refuse final bid.
Attorney for sellers: Ben Lange, 222 1st Street East
Independence, Iowa 50644

Auctioneer:  Andy Hoge