Past Auction
Online-Only Auction
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Bidding Notice:
Online Only, 5% Commission, 10% due at closing of auction
Auction Information
Name | 607 Lincoln St. Wellsburg, Iowa Shop .34 Acres |
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Auctioneer |
Midwest Exchange
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Type | Online-Only Auction |
Date(s) | 8/2/2024 - 8/9/2024 |
Auction Date/Time Info |
Aug. 2nd starting at noon
Aug.9th ending begins at 3pm
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Preview Date/Time | Fri. Aug 2nd 4pm-6pm Sat. Aug. 3rd 1pm-5pm |
Checkout Date/Time | Aug. 9th |
Location |
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Buyer Premium | 5% Buyers Premium |
Description |
Timed Online - WELLSBURG, IOWA REAL ESTATE AUCTION
607 Lincoln St.
Wellsburg, IA 50680
Bidding Opens: Friday , Aug. 2nd, 2024 at 3pm
Bidding Closes: Friday, Aug. 9th, 2024 at 3PM
Open House on Friday August 2 from 4pm-6pm Saturday August 3 from 1pm-5pm.
Auctioneer's Note: REAL ESTATE AUCTION in Wellsburg, IA.
Introducing a remarkable opportunity in Wellsburg, Iowa-this robust 1,428 square foot metal building, perfectly poised on a .34 acre lot. Designed for durability and versatility, this building is an excellent choice for a variety of purposes, from warehousing or a custom workshop. The ample space provided by the .34 acre lot offers numerous possibilities for expansion or customization to fit specific needs, including ample parking or outdoor operations. Place your best offer on this building and make it yours!
Main Level
" 756 SF (18F W x 42F L) - Det Metal (Built 1930)
" 672 SF (24F W x 28F L) - Det Metal (Built 1994)
" 100.00' x 150.00' or 0.34 Acre lot
Not included: All personal property.
Terms: 10% down payment on August 10, 2024. Balance due at final settlement with a projected date of September 13, 2024, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of September 13, 2024.
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.
Parcel 881814302009 - Net Taxes- $380.00/year
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.
" 10% Earnest money 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. Earnest money will be deposited into the Southeast Iowa Realty Trust Account.
" 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 both the Seller and the Buyer. An Exclusive Buyer Representation agreement will be signed at the close of the auction by the Buyer.
" Any announcements made the day of sale take precedence over advertising.
" The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin or handicap.
" If required, Buyers shall bear the responsibility and expense to have the septic system pumped and inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer's responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with County and Iowa laws and regulations. Prior to closing, the Buyers shall acquire the proper paperwork required by the county for the septic to pass time of transfer.
" If, in the future, a site clean-up is required, it shall be the expense of the Buyers.
Seller: Donald & Ardella Geerdes Estate
Attorney for Seller - Seth Schroeder of Heronimus Schmidt Schroeder & Greer. 630 G Ave. P.O. Box 365 Grundy Center Iowa 50638
For information contact Kevin Dameron Jr. with Southeast Iowa Realty, Inc. 319-209-8089 or 319-850-2274
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Terms and Conditions
Timed Online - WELLSBURG, IOWA REAL ESTATE AUCTION
607 Lincoln St.
Wellsburg, IA 50680
Bidding Opens: Friday , Aug. 2nd, 2024 at Noon
Bidding Closes: Friday, Aug. 9th, 2024 at 3PM
Open House on Friday August 2 from 4pm-6pm Saturday August 3 from 1pm-5pm.
Auctioneer's Note: REAL ESTATE AUCTION in Wellsburg, IA.
Introducing a remarkable opportunity in Wellsburg, Iowa-this robust 1,428 square foot metal building, perfectly poised on a .34 acre lot. Designed for durability and versatility, this building is an excellent choice for a variety of purposes, from warehousing or a custom workshop. The ample space provided by the .34 acre lot offers numerous possibilities for expansion or customization to fit specific needs, including ample parking or outdoor operations. Place your best offer on this building and make it yours!
Main Level
" 756 SF (18F W x 42F L) - Det Metal (Built 1930)
" 672 SF (24F W x 28F L) - Det Metal (Built 1994)
" 100.00' x 150.00' or 0.34 Acre lot
Not included: All personal property.
Terms: 10% down payment on August 10, 2024. Balance due at final settlement with a projected date of September 13, 2024, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of September 13, 2024.
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.
Parcel 881814302009 - Net Taxes- $380.00/year
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.
" 10% Earnest money 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. Earnest money will be deposited into the Southeast Iowa Realty Trust Account.
" 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 both the Seller and the Buyer. An Exclusive Buyer Representation agreement will be signed at the close of the auction by the Buyer.
" Any announcements made the day of sale take precedence over advertising.
" The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin or handicap.
" If required, Buyers shall bear the responsibility and expense to have the septic system pumped and inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer's responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with County and Iowa laws and regulations. Prior to closing, the Buyers shall acquire the proper paperwork required by the county for the septic to pass time of transfer.
" If, in the future, a site clean-up is required, it shall be the expense of the Buyers.
Seller: Donald & Ardella Geerdes Estate
Attorney for Seller - Seth Schroeder of Heronimus Schmidt Schroeder & Greer. 630 G Ave. P.O. Box 365 Grundy Center Iowa 50638
For information contact Kevin Dameron Jr. with Southeast Iowa Realty, Inc. 319-209-8089 or 319-850-2274
Bid Increments
Your bid must adhere to the bid increment schedule.
Bid Amount | Bid Increment |
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0.00 - 9,999,999.99 | 500.00 USD |
Payment Information
Currency | USD |
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Buyer Premium | 5% Buyers Premium |
Payment Terms |
10% Due at Closing of Auction, 5% Commission on Final Price
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Shipping / Pick Up
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