Auction Details
Home Upcoming Auctions Auction Details
Type:
Online Auction
Time:
11/6/2025 - 5:00PM
Location:
Viewing: Drive by and take a look
12124 Jubilee Road
LaPorte City, IA, 50651
Map
Summary:
Backes Auctioneers & Realty is honored to present this rare acreage consisting of 3.73 acres m/l with mature trees, a 48’x107’ insulated machine shed, 32’x48’ insulated utility building, single-stall garage, corn crib & more. Private well included. Ideal for a new home site or hobby acreage! Convenient location near Jesup, LaPorte City, Gilbertville & Brandon, just off hard surface road, next to Jubilee Church. Property being sold AS IS without any guarantees. A 10% buyer’s fee applies to final sales price. Owner: Gene Youngblut Estate. Final bid requires seller's approval. Call for property disclosure packet.
Full Details:
Disclaimer
- This online real estate auction is being conducted along with Backes Real Estate and licensed broker Ryan Backes. All paperwork will be arranged and conducted through Ryan Backes.
Terms & Conditions
- Acreage & Building Site Auction
Gene Youngblut Estate
Thursday November 6, 2025 @ 5:00 PM
Terms and Conditions of Real Estate
• Method of Sale:
The properties shall be sold and conveyed by their full and accurate legal descriptions.
• Contract and Disclosures:
The successful Buyer and Seller shall execute a standard Real Estate Uniform Offer and Acceptance Agreement along with all required disclosure statements immediately following the auction.
• Earnest Money:
A non-refundable earnest deposit equal to ten percent (10%) of the purchase price shall be paid on the day of sale. Funds will be held in the Backes Realty Trust Account until closing.
• Closing:
The balance of the purchase price shall be due and payable in full on or before December 8, 2025.
• Title and Deed:
Seller shall furnish a merchantable abstract of title and provide a Warranty Deed at closing.
• Possession:
Possession of the property shall be granted to the Buyer upon successful completion of closing.
• Taxes:
Real estate taxes shall be prorated to the date of closing based upon the most current available tax information.
• Seller’s Confirmation:
All final bids are subject to Seller approval. The Seller reserves the right to accept or reject any and all bids.
• Property Condition:
Buyer acknowledges having had the opportunity to inspect the property and agrees to purchase it in “as is, where is” condition, with all faults, and without any warranties or guarantees, expressed or implied.
• Survey:
It will be the buyer’s responsibility and expense to have the property surveyed if the deem necessary.
• Financing:
This is a cash-only sale. Buyers must provide a current pre-approval letter or proof of funds from a recognized financial institution at the time the Offer and Acceptance is executed. A 10% buyers fee applies to final selling price.
• Assessment and Taxes:
The 2025 assessed valuation, as recorded with the Black Hawk County Assessor’s Office, is $98,950.00, with net annual real estate taxes of $1,076.56.
• Auction Close and Confirmation:
Upon conclusion of bidding and expiration of the auction time, the Auctioneer will contact the Seller to confirm whether the final bid amount is acceptable for sale approval.
• Disclaimer:
Backes Auctioneers and Backes Realty, LLC assume no responsibility for the accuracy of the information provided herein. All information is believed to be reliable but is not guaranteed, and prospective Buyers are encouraged to conduct their own due diligence prior to bidding.
