Online Only Auction
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Price Realized:
22,250.00 USD
Shipping Not Available
Date(s)
11/7/2023 - 11/30/2023
Bidding Notice:

ALL ITEMS SELL "AS IS, WHERE IS". ALL SALES ARE FINAL. BIDDING IS NOT CONTINGENT ON BUYER FINANCING OR ANY OTHER CONTINGENCIES.


Information
Lot # 3
Group - Category Real Estate - Residential
Lead 1415 Iowa St, Burlington, Ia- 3br Home W/garage
Description
General Description: Affordable 3-bedroom home with over 900 sq. ft. of living area. Features 2 main floor bedrooms, living room, eat-in kitchen, full bath and enclosed rear porch. Upstairs bedroom and large floored attic area. There is a full basement and single car garage. The home has several vinyl replacement windows, architectural shingled roof and central air. The property has a current rental permit through April 1, 2026 and has been winterized. Auctioneer’s Note: Great first-time home buyers or investment property. We strongly encourage all interested parties to attend the open house or schedule a private showing. This Auction will be conducted Online Only, whereas each bidder can conveniently bid with an electronic device from anywhere.
Name BURLINGTON, IA REAL ESTATE AUCTION
Auctioneer
Type Online-Only Auction
Date(s) 11/7/2023 - 11/30/2023
Auction Date/Time Info
BIDDING ENDS: THURS., NOV. 30TH AT 1PM
Preview Date/Time OPEN HOUSE: WED., NOV. 22ND FROM 4-5PM
Checkout Date/Time NA
Location
Buyer Premium NO BUYER'S PREMIUM!
Description
AFFORDABLE INVESTMENT PROPERTY!
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before December 27, 2023. The seller will provide a current abstract at their expense. Real Estate sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies. Sale is subject to Seller's confirmation. Real Estate Taxes: Taxes will be prorated to the date of closing. Closing: Closing will take place on or before December 27, 2023. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer. Possession: At closing upon payment in full. NO REAL ESTATE BUYERS PREMIUM! GRI LLC 1415 IOWA STREET - SELLER Andrew Mahoney - Attorney for Seller Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement. The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it. All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final. Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller. Currency Type: USD Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. The property is selling subject to public road easements, utility easements and all other easements of record. Seller shall not be obligated to furnish a survey. If, in the future, a site cleanup is required, it shall be the expense of the buyer. Buyers are not bidding contingent on financing or any other contingencies. All sales are final. The Property is being sold “As Is, Where Is”. This is a soft close auction. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3 minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied and no one can be outbid in the last seconds without having another opportunity to bid again.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 99,999.00 250.00 USD
99,999.01 - 500,000.00 500.00 USD
500,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium NO BUYER'S PREMIUM!
Payment Terms
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before December 27, 2023. The seller will provide a current abstract at their expense. Real Estate sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies. Sale is subject to Seller's confirmation. Real Estate Taxes: Taxes will be prorated to the date of closing. Closing: Closing will take place on or before December 27, 2023. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer. Possession: At closing upon payment in full. NO REAL ESTATE BUYERS PREMIUM! GRI LLC 1415 IOWA STREET - SELLER Andrew Mahoney - Attorney for Seller
NA
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.