Timed Online - Real Estate Auction

Clear Lake, Iowa
Located at 1116 North Shore Drive, Clear Lake, IA 50428

Bidding Opens: Wednesday, June 3^rd      
Bidding Starts to Closes: Wednesday, June 10, 2020 at 4:00 PM

Open House on Friday, May 22^nd from 2-4pm

HUGE LAKE VIEW HOME!

Looking for a spacious lake view home with public access steps away?  How about a family retreat with VRBO income potential?  Take a look at this home with five bedrooms, 5 ½ baths and 7,464 of total sq.ft.  This home received an extensive home makeover in 1999, along with an expansive addition.  Come preview this home to take in all this property has to offer.

Main Level

• Grand open stairway.
• Beautiful kitchen with Woodharbor maple cabinets, avonite countertops, breakfast counter, pantry and plenty of cabinet storage.  Appliances include a Jenn-Air electric stove top, Jenn-Air double oven, microwave & dishwasher.
• Dining area with bay window, buffet, window seating & showcase cabinetry.
• Living room with gas fireplace, built in cabinets & shelving along with an adjoining family room with built in cabinetry & French pocket doors.
• Enjoy the lake views from the concrete patio with hot tub, located off of the living room.
• Master bedroom with lake views, adjoining office or nursery, walk in closet, and two ensuite bathrooms.  One bathroom being a full bathroom with shower & jetted tub, the second bathroom being a ¾ bathroom and closet.
• Two bedrooms adjacent to a bathroom with two separate vanities and a shared bathtub & stool.
• Bedroom with built in vanity & sink.
• Bedroom with double closets & a full bath.
• Laundry room.
• Half bath adjacent to the kitchen.

Lower Level

• Family room with walkout to the vinyl fenced backyard.
• Hobby room with built in cabinets & workspace.
• Game room with ping pong table.
• ¾ bath.
• Heated four car garage with concrete driveway and additional off street parking.

Other amenities of the home include a Schumacher elevator, Beam central vacuum system, 14’x16’ vinyl deck, Two high efficient gas forced air furnaces with central air units.

Included:Jenn-Air electric stove top, Jenn-Air double oven, Microwave, Dishwasher, Beam central vacuum system, Hot tub, Ping pong table.
Not included: Kinetico water softener system.

Terms: 10% down payment on June 10, 2020. Balance due at closing with a projected date of July 24, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of July 24, 2020.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Assessed Value: $787,040

Real Estate Taxes
Gross                          $11,326.05
Homestead Cr.           $136.04
Net (Rounded)         $11,190.00


SPECIAL PROVISIONS:

• This online auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes.  Signing of the contracts will take place through email and electronic document signatures.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer acknowledges that buyer has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

For information contact 
Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528
or
Duane Norton at Steffes Group, 641.423.1947 or 515.450.7778

TERMS: As with any auction all items sell as-is with no guarantees or warranties of any type. Descriptions, photos and statements made or offered by sellers or auction staff are deemed correct but are not guaranteed. You are responsible for your own physical inspections, due diligence and any bids placed. Down payment is due on the day the bidding closes.