Absolute Property Auction of Mike Jones
Property Location: 209 Summer St. Humeston, Ia. 50123, second location 122 Eaton ave. Humeston, Ia. 50123
When: October 17th, 2026 10 am
*Live and Online thru Hibid http://Allamerican-auctions.hibid.com
Estate Property of Mike Jones Sr.
Mike had residency in Pennsylvania and loved Iowa hunting. He would frequent Iowa every chance he got over the years and in 2005 he decided to purchase a place of his own. Mike was an outside the box thinker and when the home next door came up for purchase he made the acquisition to his portfolio as a rental. Mike has passed unexpectedly and the family hired All American Auctions to liquidate his Iowa assets. Its is with great pleasure we will offer these two properties up for auction on October 17th, 2026. We will auction thee properties simultaneously via the choice method allowing the high bidder to choose either or both properties.
Parcel 1: This stone home positioned at 122 Eaton st. Humeston, Ia. 50123 sits on approx. .26 acres with attached garage. Constructed in 1948 this single family, 1 story ranch is approx. 1000 sq. ft. of 1st floor comfortable living space. With minimal basement finish, rock home still provides value with its basement. Mike has updated the bathroom in 2024. With a nearly 400 sp. ft. garage and concrete approach you can keep your entrance spick and span.
Parcel 2: Mikes other rental home sets just to the south of his rock home at 209 Summer st. Humeston, Ia. 50123. This home is a little later model ranch built in 1956 and sets on a .12 acre lot. Also a single family with attached garage, south side door, and just under 400 sq. ft. of vehicle space.
- Net taxes: Parcel 1: $1182/yr. Parcel 2: $802/yr.
- Live and Online bidding @ http://Allamerican-auctions.hibid.com
- Auction Date: October 17th, 2026 10am
- Auction Address: 122 Eaton st. Humeston, Ia. 50123
- Terms: 10% down day of Auction, 6% buyers premium
- Seller: Mike Jones Estate
- Auctioneer/Administrator: Jason Dent serving soley as Auction Administrator and not representing the seller or buyer as a real estate broker or agent.
- “As-Is Where-Is”: All property is sold “As is-where is” basis with no warranties expressed or implied, made by the auctioneer, All American Auctions, seller or Attorney (s).
- 10% Down:
- Buyers Premium: 6%
- Interested Parties: encouraged to conduct their own due diligence and inspections prior to bidding.
- City Sewer: min. $19/mo.
- City water: min. $22/mo.
- Garbage: family $20.50/mo.
- Electricity: Alliant Energy
- Auction Method: Choice
- Closing: on or before Nov. 17th, 2026
- Possession: @ Closing or otherwise decided by both parties.
- Contract: Immediatley upon conclusion of the live auction portion, the winning bidder will enter into a real-estate sales contract and deposit 10% of the hammer price with a check made payable to Hagenow Gustoff Karas & Ridgway LLP. closing attorney. Signatures will be required. Sale is not contingent on buyer financing.
Buyers: Financial arrangements need to be completed prior to auction day. Terms are 10% of the hammer price paid down on auction day, with a 6% buyer premium due at closing. All American Auction’s urges buyers to do their own inspections and due diligence of property prior to auction day bidding. All property is sold “as is where is” with no warranties expressed or implied, made by auctioneer or All American Auctions. and the seller. All American Auctions and its representatives or agents of the seller are not responsible for errors in advertising, and all announcements made day of auction take precedents of all previous statements and advertising.
