McAfee / Hayes
Auction Service, LLC


20 Acres/ Adair Co.

Saturday June 29th
10:00 a.m.

Sale Conducted Onsite Located at 2415 S. Jamison St Kirksville MO

The Blodgett-Kinard tract of land is generally located on the Southeast corner of Kirksville MO all lying within the city limits, Sect 15, Twp 62N, R15W Adair Co MO. Tract offers much sought after prime development land, 4 bedroom, 2 3/4 bath home with detached 2 car garage, income producing 3 acre lease all selling as one parcel containing 20 acres more or less.


Aerial Map and Property Photos

-20 acres +/-, previously 15.29 acres of open farmland, balance in grass/lawn and small wooded draw on the East end.

-Improvements: Located on the Southwest corner of property. 4 bedroom 2 Ύ bathes 1 ½ story home. Home offers 2023 sq feet on main level featuring eat in kitchen, spacious living room/ dinning room, large master bedroom w/ full bath, 1 Ύ additional baths, utility/laundry room and enclosed foyer. Upper level offers 896 sq feet featuring 3 bedrooms and large storage room. Home has public water and sewer, forced gas furnace and central air, 3 year old new metal roof, covered back patio and other updates.

-Other Improvements Include: Detached 2 car garage with cement floor and electric, mature trees, small utility shed, blueberries, grapes and other nice features.


Lease Agreement

- Complete lease agreement can be viewed on our website or a copy obtained by request.

- Lease Origination: June 1st 2012 at $6800 per year payable in advance with 5% annual increase.

- Lessor: Cable One, Inc, 3 Acres with Ingress & Egress

- Current Lease Income: $9135 paid in advance June 1, 2019-May 31, 2020

- A proration of lease income will be done on date of closing. The sellers will assign the lease agreement to successful buyer(s)


Year Annual Rent +5.00%
2019 $9,135 $456.75
2020 $9,591.75 $479.58
2021 $10,071.33 $503.56
2022 $10,574.90 $528.74
2023 $11,103.64 $555.18
2024 $11,658.83 $582.94
2025 $12,241.77 $612.08
2026 $12,853.86 $642.64
2027 $13,496.55 $674.82
2028 $14,171.38 $708.56
2029 $14,879.94 $744.00
Total $129,778.95

-Tract sells on price per acre basis

-Tract sells free and clear of farm tenant and sells subject to current (tower) lease containing 3 acres +/- and ingress and egress for maintenance. Complete lease agreement can be viewed on our website

-Sale is not contingent upon buyer(s) financing or any other buyer contingencies.

-Successful buyer(s) will be required to pay 10% down day of sale and sign into a written contract with the sellers, balance will be due at closing on or before July 30th 2019

-Full possession given at closing subject to current lease with Cable One, Inc

-Real estate conveyed subject to any easements of record and zoning ordinances in effect at the date of closing

-2018 property taxes of $808.77 have been paid by seller, 2019 taxes will be prorated at time of closing. All subsequent years will be the buyer(s) responsibility

-The buyer acknowledges that buyer has inspected the real estate and is familiar with the premises. The buyer is buying the real estate “as is”

-June 1, 2019-May 31, 2020 lease income will be prorated at time of closing.

-Sellers will pay for title search and pay for the sellers policy of title insurance in the full amount of the purchase price. Any additional closing cost will be divided in equal shares between buyer and seller.

Closing conducted by Pickell Abstract Company located at 115 S. Franklin St Kirksville MO. Call 660-665-8324 with any 1031 questions and/ or closing questions.

Prospective buyers are welcome to view the tract of land @ their own leisure. A public open house for viewing of home will be Friday June 21st 5:30-6:30 p.m..

Personal Property Sells Immediately Following Land @ 10:00 a.m.


Early Personal Property Pictures

Like new Amana (electric) dryer and washer; 2016 Frigidaire side by side; 2015 Frigidaire flat top cook stove; Panasonic microwave; low pro Frigidaire upright freezer; older chest type freezer. Household electronics to include: Vizio 36” TV, Vizio 19” TV, DVD player, VCR player, stereo, infrared heater, fans, lamps. Bedroom furniture to include: Nice 5pc queen size post bed, dresser with mirror, 5 drawer chest and 2 bed side stands; nice 6 drawer chest; cedar chest; twin size bed; 4pc full size bed, dresser, chest of drawers and bed side stands, 3pc depression era full size bed with matching vanity and chest of drawers, quilt stand; Dining and Kitchen furniture: wood table w/ 6 chairs, antique 5 legged harvest table, set of 6 wooden chairs, china hutch, microwave stand, step stool, folding table and chairs; wooden tv trays; Living Room Furniture: Hide a bed sofa, (2) lazyboy recliners 3pc occasional table set, rocking chairs, modern TV stand, antique youth rocker, graduating corner shelf, misc small kitchen appliances to include kitchen aid mixer, keurig, rival food slicer, toaster oven etc and various common kitchen and household items. Antiques/Collectibles: Oak spool leg parlor table, (2) lamp tables, stoneware crocks, bowls and jug, Dazey no 40 butter churn, planters peanut jar, large pickle jar, several cast iron skillets, dutch oven griddle, muffin pans etc. Single box wall phone, marbles, egg basket, cow bell, sad irons, cookie cutters, vintage 12 jar spice set, kerosene lamps, few toys, Hess, Tonka and Fisher Price; collectable glassware; 4 season (Germany) pictures, flag picture, and various other items. Sewing Related: like new husqvarna Viking sewing machine, Pfaff 1222E sewing machine and work station sewing cabinet, misc sewing related items.

Kubota HST T1600 diesel 46” cut riding mower, Ariens 20 hp automatic 46” cut riding mower, Craftsman gas powered chipper, lawn dump trailer, wheel barrel, assorted lawn and garden tools, 35 gal H2O tank, patio furniture, lawn chairs, BBQ grill, garden hose reel, Stihl 025 chain saw, hedge trimmer, few assorted hand tools, 14’ and 8’ aluminum ext ladder, 6’ aluminum step ladder.

AUCTIONEER'S NOTE: Real estate sells at 10:00 a.m. sharp followed by personal property. Sale larger than bill reflects, Lunch available. Terms cash or check with proper ID. Not responsible in case of accident or theft. Announcements made sale day take precedence over any advertisement. The above information is believed to be accurate; however, no liability for its accuracy, errors or omissions are assumed by the seller or auction service.

Margaret Blodgett Kinard, Sellers