Lot # : 1 - 907 Franklin Street, Burlington, Iowa 52601

Online Only Auction
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Price Realized:
25,250.00 USD
Shipping Not Available
Burlington, IA 52601
Date(s)
9/9/2022 - 9/15/2022
AUCTIONEER INFORMATION
Catalog
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Bidding Notice:

Bidding for this auction will be online only. Contact Kevin Dameron Jr. with any questions at 319-209-8089

Information
Lot # 1
Group - Category Real Estate - Residential
Lead 907 Franklin Street, Burlington, Iowa 52601
Description
This 1,008 sq. foot single family home built 1900, situated on a 7,200 sq. foot lot with potential for duplex residency. It comes with 10' ceilings, two bedrooms, two bathrooms, two living rooms, and two kitchens. There are two separate entrances to the home along with a detached two car garage. The home and garage sits on a large lot in town among a quite residential neighborhood. Kitchen Area: 18'x8', Living Room: 11'x13', Front Bedroom: 11'x13, Bathroom: 4'x8', Rear Bedroom: 10'x13', Rear Family Room: 12'x13', Rear Bathroom: 7'x5', Rear Kitchen: 7'x7'. Washer and dryer in basement, one washer on main floor rear bathroom, one refrigerator, two gas range stoves. 2 Door Detached Garage: 24'x24'
Name Rosel Smith Estate Auction
Auctioneer
Midwest Exchange
Type Online-Only Auction
Date(s) 9/9/2022 - 9/15/2022
Auction Date/Time Info
Bidding Opens September 9, 2022 at 6pm CST
Preview Date/Time Open House September 9, 2022 at 4pm-5pm CST
Checkout Date/Time Bidding Closes September 15, 2022 at 5pm CST
Location
907 Franklin Street
Burlington, IA 52601
Buyer Premium 5% Buyers Premium
Description
Terms: 10% down payment on September 15, 2022. Balance due at final settlement with a projected date of October 15, 2022, upon delivery of merchantable abstract and deed and all objections have been met. Possession: Projected date of October 15, 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. 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 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, Buyer will be in default and the deposit money will be forfeited. " This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws. " 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. " All lines, drawings and boundaries are approximate. " Southeast Iowa Realty Inc. is representing the Seller. Any announcements made the day of sale take precedence over advertising.
Terms: 10% down payment on September 15, 2022. Balance due at final settlement with a projected date of October 15, 2022, upon delivery of merchantable abstract and deed and all objections have been met. Possession: Projected date of October 15, 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. 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 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, Buyer will be in default and the deposit money will be forfeited. " This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws. " 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. " All lines, drawings and boundaries are approximate. " Southeast Iowa Realty Inc. is representing the Seller. Any announcements made the day of sale take precedence over advertising.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 975.00 25.00 USD
975.01 - 9,900.00 100.00 USD
9,900.01 - 99,750.00 250.00 USD
99,750.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 5% Buyers Premium
Payment Terms
Terms: 10% down payment on September 15, 2022. Balance due at final settlement with a projected date of October 15, 2022, upon delivery of merchantable abstract and deed and all objections have been met. Possession: Projected date of October 15, 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. 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 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, Buyer will be in default and the deposit money will be forfeited. " This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws. " 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. " All lines, drawings and boundaries are approximate. " Southeast Iowa Realty Inc. is representing the Seller. Any announcements made the day of sale take precedence over advertising.
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