CEDAR RAPIDS, IOWA REAL ESTATE AUCTION

CEDAR RAPIDS, IOWA
Located at 1200 27^TH Street NE, Cedar Rapids, IA 52402

Bidding Opens: Wednesday, June 30^th

Bidding Closes: Wednesday, July 7, 2021 at 4PM

Open House on Wednesday, June 23^rd from 4-5PM

TWO BEDROOM HOME

Take a look at this home in a great location, across from the Mt. Mercy College campus.  This home would be perfect for a first-time home buyer, real estate investor or someone looking to downsize. This two bedroom ranch style home offers 1,164 sq.ft. of living space and was built in 1950.

Main Level:

• Living room with fireplace
• Kitchen with breakfast nook, refrigerator & electric stove
• Formal dining room
• Two bedrooms
• Full bathroom

Walk out basement:

• Recreational room with wet bar
• Laundry room with ½ bath, washer & dryer
• Storage room with Tempstar high efficient gas furnace & central air

Other Amenities:

• Attached single car garage
• 75’x130’ corner lot

Included: (2) Refrigerator, Stove, Washer, Dryer
Not Included: All personal property.

Terms:10% down payment on July 7, 2021. Balance due at closing with a projected date of August 20, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of August 20, 2021.
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.

Real Estate Taxes – Tax Parcel 14152-27016-00000
Net      $2,268.00
Assessed Value (2021): $128,400

Special Provisions:

• This online auction will have a buyer’s premium of $1,000. This will be added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes and 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.

Dennis Neuweg Estate

Terry Gucciardo – Executor

William S. Hochstetler – Attorney for Estate

For information contact Steffes Group at 319.385.2000;
Mason Holvoet at  319.470.7372 or Tim Meyer at 319.750.1233

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.