ONLINE ONLY REAL ESTATE AUCTION-4BR, 2BA HOME, FRANKLIN, IA

BANK OWNED ONLINE ONLY REAL ESTATE AUCTION306 Franklin 4th Street, Donnellson (Franklin), IowaBIDDING ENDS THURSDAY, DECEMBER 7, 2017 AT 1:00 P.M.Open House/Inspection: Wednesday, November 22nd from 3:30 - 4:30 P.M.Description: New construction to finish as you choose! Construction originally began in 2014 in this nearly completed 2-story, 4 bedroom, 2 bath home with over 2,400 square feet of living area. The home features an open concept, huge kitchen, main floor laundry and full poured concrete basement that could be finished for additional living area. The major expenses are already in place, it's now time to select your finishes, etc.Auctioneer's Note: Great opportunity for contractors or handy individuals looking for a winter project. We strongly encourage all interested parties to attend the open house or contact or office for a private showing. Auction will be conducted online only, whereas each bidder can conveniently bid with an electronic device from anywhere!Terms: $7,500 earnest money deposit at the end of the auction with the remainder due on or before December 28, 2017. The seller will provide a current abstract at their expense. Home sells "as is, where is". Sale is not contingent on Buyer's financing or any other contingencies.Real Estate Taxes: Taxes will be prorated to the date of closing.Closing: Closing will take place on or before December 28, 2017. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer. Possession: At closing upon payment in full.Septic System: Since this is a bank owned property, it is therefore exempt from the Iowa DNR Time of Transfer Septic law. www.fraiseauction.comFraise Auction & Real Estate2311 Avenue L, Fort Madison, Iowa 52627319- 372-9121 OR 319-367-5744