Timed Online Real Estate Auction!

Burlington, Iowa
Located at 122 Cottonwood Court, Burlington, IA 52601

Bidding Opens: Wednesday, January 1^st     
Bidding Starts to Closes: Wednesday, January 8, 2020 at 5:00 PM

Open House on Friday, December 27^th from 4-5pm


THREE BEDROOM SPLIT FOYER HOME

This clean three bedroom split foyer home is ready for its new owner.  Located in a cul-de-sac the home offers 936 sq.ft. of living space on the upper level with an additional 375 sq.ft. of living space in the downstairs family room.  The upper level offers a living room, dining area and kitchen with a breakfast bar, refrigerator, electric stove & dishwasher.  There are 3 bedrooms and a full bath also on the upper level.  The basement has a large family room and oversized single car garage with washer, electric dryer, Carrier high efficient gas forced air furnace with central air, gas hot water heater and a 100 amp breaker box.  The deck overlooks the backyard that includes a 10’x12’ lawn shed.  All situated on a 50’x116’ lot.

Included: Refrigerator, Stove, Dishwasher, Washer, Dryer, Lawn Shed
Not included: All personal property items.

Terms: 10% down payment on January 8, 2020.  Balance due at closing with a projected date of February 21, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of February 21, 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: $82,400

Real Estate Taxes
Gross                     $1,603.96
Homestead Cr.          ($196.08)
Net                         $1,408.00 Rounded


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.
~ 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.

Owner: Gary W. Lennie
F&M Bank & Trust – Power of Attorney
Kelli S. Johnson – Trust Officer
David D. Beckman – Attorney for Seller

For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944 or Kevin Dameron 319.385.2000 or 319.850.2274

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 the day the bidding closes.