The former Cardinal Hills Golf Course in Newton will be sold at public auction beginning at 10 a.m. Saturday.
Daugherty Auction and Real Estate Services of Adel is handling the sale of the property, which for most of existence had served as the private Newton Country Club before it was foreclosed upon.
Mark Davis and his RJDJAD Golf limited liability corporation purchased the former Newton Country Club in the spring of 2012 through a foreclosure sale. Records indicate he paid $300,000 for the 72-acre property. It had been listed for sale by SA Group Properties of Minneapolis for $629,000.
Davis closed the course in August after the Newton City Council rejected his proposal to develop an 11-lot housing subdivision along West 12th Street South.
Following the council's decision, Davis said he had little choice other than to close the course because he needed to sell the housing lots to keep the public golf course operational. He said the housing development along the east side of the course was the first step of his broader plan for the construction of as many as 100 single family residences around the nine-hole golf course in what he described as an affordable golfing community.
The property is currently valued at $492,000, down from the $541,300 assessment it held at the time of Davis' purchase a year ago. Information on the auction site lists annual taxes of approximately $21,000. First half property taxes of more than $10,000 are currently outstanding, records indicate.