Timed Online Real Estate Auction!

Burlington, Iowa
Located at 2605 Vineyard Street, Burlington, IA 52601

Bidding Opens: Wednesday, July 8^th      
Bidding Closes: Wednesday, July 15, 2020 at 4:00 PM

Open House on Wednesday, July 1^st from 4-5pm

THREE BEDROOM HOME

This home would make a great investment for the first time home buyer or real estate investor!  The three bedroom, 1 bath home offers 1,040 sq.ft. on the main level and was built in 1962.

Main Level:

• Living room with carpet (hardwood floors underneath).
• Eat in kitchen with pantry closet, refrigerator, gas stove & dishwasher.
• Three bedrooms with carpet (hardwood floors underneath).
• Full bathroom.

Basement:

• Family room.
• Bar area.
• Workshop area.
• Laundry/Utility room with washer, dryer, shower & sink.

Amenities of the Home:

• Carrier high efficient gas forced air furnace with central air.
• Vinyl replacement windows.
• One car attached garage.
• Lawn shed.
• Approx. 40’x135’ corner lot.

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

Terms: 10% down payment on July 15, 2020.  Balance due at closing with a projected date of August 28, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of August 28, 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: $77,000

Real Estate Taxes
Gross                     $1,679.89
Homestead Cr.          ($196.09)
Net                         $1,484.00 (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 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.

Don’t miss the Timed Online Auction of the Personal Property
Bidding Opens: Wednesday, July 8^th      
Bidding Closes: Wednesday, July 15, 2020 at 5:00 PM

Loadout Friday, July 17^th 1-4pm

Owner: Cathy Merritt Estate
Farmers & Merchants Bank & Trust – Executor
Kelli S. Johnson – Trust Officer
Mitchell L. Taylor – Attorney for Estate

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 on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.