BURLINGTON IOWA REAL ESTATE AUCTION

BURLINGTON, IOWA
Located at 1910 Melvin Avenue.

Bidding Opens: Tuesday, January 18th

Bidding Closes: Tuesday, January 25, 2022 at 5:30PM

Open House on Tuesday, January 18th from 4-5PM

ONE BEDROOM HOME
This 1 story home offers 672 sq.ft. of living space and was built in 1924.

Floor Plan:
• Living room with hardwood floors.
• Bedroom with laminate flooring.
• Eat in kitchen with refrigerator, built in oven & gas stove top.
• Laundry room with washer & dryer.
• ¾ bath.
• Basement with Amana high efficient gas forced air furnace, central air, gas water heater, fuse box.

Other Amenities:
• Attached one car garage.
• Detached one car garage with alley access.
• 60’x120’ lot.

Included: Refrigerator, Oven, Stove, Washer, Dryer, Any item present on the day of closing/final settlement.
Not included: All personal property.

Terms: 10% down payment on January 25, 2022.  Balance due at final settlement/closing with a projected date of March 11, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of March 11, 2022. 
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 10-25-433-010
Net $778.00

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 and signing of the contracts will take place through email and electronic document signatures.  In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
• If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes.  This will continue until no bids are placed within the last 4 minutes.
• 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.
• If a Buyer is 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.

Seller: Rhonda K. Wilson Estate
Farmers & Merchants Bank & Trust – Executor
Kelli S. Johnson – Trust Officer
Sara L. Haas – Attorney for Estate

For information contact Steffes Group at 319.385.2000;
Mason Holvoet at 319.470.7372 or Nate Larson at 319.931.3944

Downloads:
Real Estate Contract