Here is your chance to name your price on this home with some improvements already started, with the groundwork set for you to make it your own. Join us at the open house, see the potential for yourself, and place your bids!
LOCATION
Located at 519 South 10th St., Burlington, IA
OPENING: Tuesday, October 21
CLOSING: Tuesday, October 28, 2025, at 1:00PM CDT
SELLER
Mary Kuehnel Estate
Joshua Anderson - Executor
Andrew Hoth of Hoth Law Office – Closing Attorney
AUCTION INFORMATION
3 Bedroom, 2 Story Home
- 3 bedrooms, 1 1/2 baths, 2,004 total sq. ft. of living space. Home was built in 1919.
- Main level offers a living room with hardwood floors, colonnades & fireplace, formal dining room with hardwood floors & French doors, kitchen with microwave & dishwasher and a ½ bath.
- Open stairway leads to 3 bedrooms upstairs, updated bathroom, old bathroom (fixtures removed) and a walk-up attic.
- Home amenities include a basement with a high efficient gas forced air furnace, updated windows & siding.
- 40’x105’ lot with a 16’x20’ detached garage with alley access.
- Tax Parcel: 16-05-401-018 = $1,262.00
- Included: Microwave, Dishwasher, Vinyl siding in garage, Any item present on the day of final settlement/closing.
Terms: 10% down payment on October 28, 2025. Balance due at final settlement/closing with a projected date of December 12, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of December 12, 2025
Real Estate Taxes: To be prorated to date of final settlement/closing on the basis of the last available tax statement. The seller shall pay any unpaid real estate taxes payable in prior years.
Special Provisions:
- This online auction will have a 5% buyer’s premium. This means a 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.
- If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
- Down payment is due on the day the bidding closes and signing of the real estate contracts will take place through email and electronic document signatures, or in person at the Steffes Group Mt. Pleasant, IA Office. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
- Property will be sold lump sum price.
- This auction sale is not contingent upon Buyer’s financing, appraisal(s), or any other Buyer contingencies.
- If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited and paid to Seller.
- This real estate is selling subject to any and all covenants, restrictions, encroachments, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, as well as all applicable zoning laws.
- All lines, drawings, boundaries, dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
- The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are 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 real estate.
- Steffes Group, Inc. is representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
- Any announcements published or made the day of auction take precedence over advertising.
CONTACT
Steffes Representative Mason Holvoet, (319) 470-7372 or (319) 385-2000
Mason Holvoet - Iowa Real Estate Salesperson S69890000
Steffes Group, Inc., 2245 East Bluegrass Road, Mt. Pleasant, IA 52641