Selling Online Only!
1331 Avenue E, Ft Madison, IA
Selling Online Only!
1331 Avenue E, Ft Madison, IA
Fort Madison, Iowa
REAL ESTATE AUCTION
(Selling Online Only)
BIDDING ENDS WEDNESDAY, FEBRUARY 15TH, 2023 at 1:00 P.M.
1331 Avenue E, Fort Madison, Iowa
Open House/ Inspection: Wednesday, February 1st from 4 – 5 P.M.
General Description: Diamond in the rough! Great central location! Tons of possibilities! Spacious 1 ½ story brick home with 1,629 sq. ft. Main floor bedroom, full bath and laundry room, plus an additional 3 bedrooms upstairs and full bath. Full basement with newer furnace and water heater. Enclosed rear porch, rear deck and detached 2 car garage. Owner was in the process of remodeling prior to his death. Many new replacement windows and added insulation throughout. Many new building materials yet to be installed will remain.
Auctioneer’s Note: Great flippers home or long-term 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.
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before March 15, 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.
Inclusions: With the exception of vehicles and bags of Sakrete concrete mix, all other personal property, debris and building materials will remain with the property.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or before March 15,2023. 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!
Registration: Visit www.fraiseauction.com to register and bid today!
ROBERT J. STEFFENSMEIER ESTATE – SELLER
Cindy F. Sharpe, Vice President Trust Office of Two Rivers Bank & Trust – Executor for Seller
David Beckman of Beckman Law Offices – Attorney
NA
Corey Fraise 319-470-0115