Name Dorchester Online Only Real Estate Auction
Auctioneer Sweeney Auction Service
Type Online-Only Auction
Date(s) 12/7/2021 - 12/28/2021
Tuesday December 28th at 1:00 PM
Preview Date/Time Sunday December 12th from Noon to 2:00 PM
Checkout Date/Time Purchase Agreement and Down Payment Funds Need to Be Delivered to Shafer Law Office within 24 hours of close of auction.
Location 644 Waterloo Creek Dr
Dorchester, IA 52140
Buyer Premium No Buyers Premium on this Auction
Description
Online Only Dorchester Real Estate Auction Tuesday, December 28, 2021 Bidding Closes at 1:00 PM 644 Waterloo Creek Dr., Dorchester, IA Parcel 1: Two Story 3-4 Bedroom Home located on spacious 225’ x 138’ Lot just a short distance from the Scenic Waterloo Creek in Dorchester, IA. Furnace installed in 2010, Water Heater in 2011, New Well in 2008, Beautiful Woodwork, 2 Decorative Stained Glass Doors, Attached Carport. This home has great potential with some updating! If you’ve been looking for a home in Dorchester, or maybe a weekend getaway location in this part of beautiful Northeast Iowa, make plans to take a look at this property! Taxes app. $781/year. Parcel 2: 1.05 Acres Located Behind Parcel 1 at 654 Center Dr. Building potential on this lot may be limited due to utility easement and bluff land boundary setbacks, but could be a nice little weekend spot to visit with outdoor space to enjoy nature. Taxes app. $53/year. PROPERTY INSPECTION: Sunday December 12th from Noon to 2:00 PM Method of Auction: 10% Down after the Close of the Auction Tuesday, December 28, with balance due at closing, around February 15, 2022, or as soon as paperwork can be completed. This sale is not contingent upon financing and Sells AS IS. Sells Subject to Approval and Subject to Updated Announcements. If there isn’t sufficient activity on Parcel #2, the two parcels may be combined together and sold as one unit. If the parcels do sell separate, but the same person buys them, only one abstract will be provided. Buyers need to perform their own due diligence on what can be done with the property. Announcements Made Day of Auction Precedence Over Printed Materials. Auction will take place online only and buyers must register and place bids online. There will be an extension feature, so if someone bids in the last 5 minutes, the auction will extend another 5 minutes. See Terms & Conditions for additional explanation. Additional Information: *Well Information: 2008, The depth is 100' and it was done by Larson Well Drilling. *The old well on the back lot, parcel #2, was not capped from the information we have received. If you plan to do any type of construction on that lot, the well will have to be capped and you should check in with the Allamakee County Environmental Health Office for the process with that. *The description for parcel #2 said building potential may be limited due to utility easements and bluffland setbacks. When the auction opened, there was a 50' right-of-way easement with Allamakee-Clayton Electric Cooperative, Inc. That easement has since been reduced to 25' and the updated easement was recorded on 12/22/2021. Buyers will also have to take into consideration the Bluffland setbacks and any plans for construction would need to be discussed and approved by the Allamakee County Zoning Administrator and Environmental Health, if a septic is being considered. *Property is being sold AS IS by Estate, no property disclosure statements or time of transfer inspection on septic will be done.
Auction Terms & Conditions Auction Terms & Conditions: This is an online only real estate auction. 10% Non Refundable earnest money in the form of certified check, cash or wire transfer to the closing atttorney's office, Shafer Law Office in Waukon, within 24 hours of completion of the auction, with balance due at closing around February 15, 2022, or as soon as paperwork can be completed. Possession would be given at closing. This property does sell "Subject to Approval" meaning the auction company will obtain Seller's Confirmation if they are willing to accept the high bid established at the close of the auction. If the seller does accept the bid, the successful bidder will be required to enter into a purchase agreement prepared by the closing attorney immediately following the close of the auction. This auction is not contingent upon financing, meaning the successful bidder will have 10% ready to be delivered to the closing attorney's trust account via certified check, cash, or wire transfer with 24 hours of the auction closing and will have the balance ready to go at closing. This sale is not subject to appraisal or inspection, property is being sold AS IS. This is a timed event and will begin to close at 1:00 PM CST. An auto extend feature is in place, so if someone bids in the final 5 minutes of the auction, it will extend another minutes. If a bid for this auction is placed at 12:59 PM, the auction will extend out until 1:04 PM. This will continue until there are no further bids received in the final 5 minute time frame. The Seller will provide a continuation of the abstract at their expense, which will be sent to the buyers attorney to perform the title opinion. The cost of the title opinion is an expense of the buyer. Seller will convey the property by Deed at closing and Real Estate Taxes will be pro-rated. Sweeney Auction Service & Sweeney Auction Realty Services are agents of the seller. Seller is represented by Shafer Law Office as the closing attorney. Auction Company reserves the right to decline or deny any bidders if they are unable to be verified or are unable to meet the terms & conditions. Auction Company will notify registered bidders of any updated changes or corrections to the property as the auction progresses. The property is being sold AS IS and no warranty or representation either expressed or implied concerning the property is being made by the Seller or Auction Company. Each potential bidder is responsible for conducting their own inspections, inquiries, investigations, and due diligence regarding the property. The information contained on this website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The auction company reserves the right to cancel, postpone or pause the auction if complications or circumstances out of our control occur, such as software or server malfunction. The auction company, seller or the software provider shall not be held responsible for a missed bid or the failure of the software to function properly. Additional Information: *Well Information: 2008, The depth is 100' and it was done by Larson Well Drilling. *The old well on the back lot, parcel #2, was not capped from the information we have received. If you plan to do any type of construction on that lot, the well will have to be capped and you should check in with the Allamakee County Environmental Health Office for the process with that. *The description for parcel #2 said building potential may be limited due to utility easements and bluffland setbacks. When the auction opened, there was a 50' right-of-way easement with Allamakee-Clayton Electric Cooperative, Inc. That easement has since been reduced to 25' and the updated easement was recorded on 12/22/2021. Buyers will also have to take into consideration the Bluffland setbacks and any plans for construction would need to be discussed and approved by the Allamakee County Zoning Administrator and Environmental Health, if a septic is being considered. *Property is being sold AS IS by Estate, no property disclosure statements or time of transfer inspection on septic will be done. By bidding on this property, you are agreeing to all these terms and signify you have read and understood them. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 500.00 USD
97,500.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium No Buyers Premium on this Auction
Payment Terms
Cash, Certfiied Check or Wire Transfer for 10% Non Refundable Earnest Money. Not contingent upon financing.