Burlington, IA Real Estate Auction - 7 Properties, 5 Tracts

Farm Auction in 11655 Highway 99 Burlington, IA 52601, Burlington, Iowa, United States

06 Wednesday
06th October, 2021

Burlington, IA Real Estate Auction - 7 Properties, 5 Tracts

Farm Auction in 11655 Highway 99 Burlington, IA 52601, Burlington Iowa, United States

Wednesday at - 06th October , 2021

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Auctioneer’s Note: Attention landlords and DIY’ers!! Here is your chance to bid your price on these homes! Don’t miss your opportunity to build equity into these homes as all homes are selling in their “as is” condition, with contents included! For information contact Steffes Group at 319.385.2000; Mason Holvoet at 319.470.7372 or Nate Larson at 319.931.3944

BURLINGTON, IOWA REAL ESTATE AUCTION

BURLINGTON, IOWA

Bidding Opens: Wednesday, October 6th

Bidding Closes: Wednesday, October 13, 2021 at 1PM

 

Open House on Wednesday, September 29th

Tracts 1 - 3 from 1 - 2PM  |  Tracts 4 & 5 from 2:30 - 3:30PM


Auctioneer’s Note:  Attention landlords and DIY’ers!! Here is your chance to bid your price on these homes!

Don’t miss your opportunity to build equity into these homes as all homes are selling in their “as is” condition, with contents included!


 

Tract 1

1509 South 8th Street, Burlington, IA

Assessor indicates the home was built in 1940 with 2 bedrooms, 1 bath with 780 sq.ft. of living space, 12’x10’ attached breezeway with a 22’x24’ attached garage with alley access.  Situated on a 44’x122’ lot.

Parcel 16-08-276-009
Assessed Value: $42,700
Real Estate Taxes: - $674.00 – Net

Not included: Vehicle

Tract 2

11655 Highway 99, Burlington, IA

Assessor indicates the home was built in 1967 with 2 bedrooms, 1 bath with 1,144 sq. ft. of living space, walkup basement and a 24’x24’ attached garage.  Situated on a 0.71 acre lot.  Property has a well.

Parcel 11-20-251-011
Assessed Value: $71,300
Real Estate Taxes: - $1,108.00 – Net


Tract 3
–  2 Homes, 1 Price

1213 South 4th Street, Burlington, IA

Assessor indicates the home was built in 1918 with 3 bedrooms, 1 bath with 1,262 sq. ft. of total living space.  Situated on a 50’x111’ lot.

Parcel 16-04-359-007
Assessed Value: $27,100
Real Estate Taxes: - $592.00 – Net


1201 South 4th Street, Burlington, IA

Assessor indicates the home was built in 1918 with 3 bedrooms, 1 bath with 1,366 sq. ft. of total living space.  Situated on a 50’x111’ lot.

Parcel 16-04-359-004
Assessed Value: $62,200
Real Estate Taxes: - $1,360.00 – Net


Tract 4

1116 South 7th Street, Burlington, IA

Assessor indicates the home was built in 1868 with 3 bedrooms, 1 bath with 1,608 sq. ft. of total living space.  Situated on a 55’x117’ lot with alley access.

Parcel 16-05-489-004
Assessed Value: $20,500
Real Estate Taxes: - $448.00 – Net


Tract 5
– 2 Homes, 1 Price

415 Barrett Street, Burlington, IA

Assessor indicates the home was built in 1918 with 3 bedrooms, 1 bath with 1,398 sq. ft. of total living space and a 24’x24’ detached garage with alley access.  Situated on a 40’x125’ lot.

Parcel 16-09-153-005
Assessed Value: $62,200
Real Estate Taxes: - $1,360.00 – Net


413 Barrett Street, Burlington, IA

Assessor indicates the home was built in 1918 with 3 bedrooms, 1 bath with 1,398 sq. ft. of total living space.  Situated on a 40’x125’ lot with alley access.

Parcel 16-09-153-006
Assessed Value: $53,600
Real Estate Taxes: - $1,172.00– Net

Included on all properties:  Any item present on the day of final settlement.

Terms:10% down payment on October 13, 2021.  Balance due at closing with a projected date of November 24, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 24, 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.


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.
  • All Tracts will be tied together with the bidding set to close simultaneously. 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. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
  • Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
  • If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
  • Tract #2 - Due to this being a transfer by a fiduciary in the course of the administration of a conservatorship, the Seller will be exempt from Time of Transfer Inspection of the septic, according to Iowa Code 455B.172(11).  Any future inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the Buyer's expense in accordance with Des Moines County & Iowa Laws & regulations.
  • 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, Buyer 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.
  • Selling subject to court approval.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.


Mary A. Lincoln Conservatorship

Sonya Lacina – Conservator

Sara L. Haas – Attorney for Conservatorship


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

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Disclaimer


TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.


International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    


WEBSITE ADDRESSES (ONLINE & ONLINE ONLY) www.steffesauctioneers.com   www.IQBID.com    


CORPORATE OFFICE


Steffes Auctioneers Inc.


2000 Main Avenue East


West Fargo ND 58078-2210


Phone: (701) 237-9173(701) 237-9173


Toll Free: (800) 726-8609(800) 726-8609


Fax: (701) 237-0976


E-Mail: [email protected]  [email protected]


AUCTIONEER LICENSES

Scott Steffes ND81 & MN14-51


Bob Steffes ND82 & MN14-09


Brad Olstad ND319 & MN14-70


Clark Sather ND463 & MN54-05      


REAL ESTATE MARKETING


Scott Steffes, Broker


Rodney Steffes, Licensed Sales Associate


Geri Paul, Licensed Sales Associate


Ashley Huhn, Licensed Sales Associate    


LITCHFIELD OFFICE


Steffes Auctioneers Inc


24400 MN Highway 22 South


Litchfield, MN 55355


Phone: (320) 693-9371(320) 693-9371  


Fax: (320) 693-9373


Email: [email protected]


[email protected]


[email protected]


[email protected]




AUCTIONEER LICENSES


Eric Gabrielson, MN47-006, ND890


Ashley Huhn, MN47-002, ND843


Randy Kath, MN47-001, ND894

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