SALEM, IA REAL ESTATE & PERSONAL PROPERTY AUCTION
Begins:
Thursday, Oct. 16th 2025 at 12:00 AM
Ends:
Thursday, Nov. 20th 2025 at 10:00 AM
Salem, Iowa
REAL ESTATE &
PERSONAL PROPERTY AUCTION
107 E JACKSON, SALEM, IOWA
AUCTION ENDS: THURSDAY, NOVEMBER 20TH AT 10:00 A.M.
This is a Timed, Online Only Auction Event with a Soft Close! Click the above tab for catalog, terms and registration!!
OPEN HOUSE/INSPECTION: THURSDAY, NOVEMBER 6TH FROM 4:30 -6 PM
REAL ESTATE SELLS ABSOLUTE – Regardless of Price!
This 2-bedroom, 1-bath home offers comfortable small-town living with a spacious layout that includes a very large living room, dining room, and an eat-in kitchen featuring a built-in china cupboard, large pantry, and laundry area. Enjoy outdoor relaxation on the covered concrete patio, perfect for grilling or gatherings. Updates include a metal roof, vinyl replacement windows, and energy-efficient furnace and water heater. A major bonus is the 21’ x 45’ utility building built in 2016 with a finished and insulated shop area—ideal for projects, storage, or hobbies. Situated on a 74’ x 141’ lot with mature shade trees, this property is selling at Absolute Auction—no minimum, no reserve!
Auctioneer’s Note: Whether you’re a first-time homebuyer, investor, or looking to downsize, this property presents a great opportunity to purchase at your price. The home and shop offer practicality, space, and value in a convenient location—perfect for a variety of buyers. Don’t miss your chance to bid and buy with ease through our online bidding platform, allowing you to participate from the comfort of your home, office, or mobile device. For a private showing, contact Sales Representative May Story at 641-919-8098.
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or about November 20, 2025. 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.
Reservations: Refrigerator and all other personal property.
Inclusions: Window treatments, garage door openers & remotes and 1,000-gallon propane tank. Buyer to accept any remaining personal property, debris, etc. at closing
Propane Fuel: Buyer to reimburse Seller at closing for any remaining fuel in the propane tank at the market price on the day of closing.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or about December 20, 205. 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!
***ALSO SELLING PERSONAL PROPERTY (Begins closing at 11:00 A.M.)***
Highlights Include:
- Appliances include refrigerator, elec. stove and chest type freezer
- Modern furniture to include faux dual reclining sofa & matching reclining love seat; china cupboard; dining table & chairs; kitchen table & rolling chairs; queen & king size beds; dressers; end tables; roll top desk; table & floor lamps
- Flatscreen TV’s and DVD & VCR players
- Vintage & modern Christmas including ceramic lighted trees & village set
- Portable sewing machine & sewing notions
- Embroidered linens and bedding
- Glassware, figurines & collectibles
- Vintage Tupperware & Corning Ware dishes
- Usual pots, pans, baking dishes, flatware, utensils, etc.
- Yard Machine riding mower & lawn tools
- Garden planter, shepherds hooks & flowerpots
- DeWalt & Porter Cable cordless power tools
- Hunting & collectible knives
Pickup/Removal of Personal Property: Friday, November 21st from 4:00 PM to 6:00 PM only. A buyer’s premium of 18% will be added to all personal property purchases. All items sell as is, where is, with no guarantees. All purchases must be picked up during the designated time—No Exceptions. Any items not picked up will be forfeited without refund. No alternate pickup dates, no holds, no excuses.
MARYLIN D. SHELLEDY – SELLER
Tracy St. Clair – Power of Attorney
Sara L. Haas of Aspelmeier, Fisch, Power, Engberg & Helling P.L.C, Burlington, Iowa – Attorney for Seller
Auction Conducted By
Fraise Auction & Real Estate
319-367-5744 or 319-372-9121
www.fraiseauction.com
OPEN HOUSE: THURSDAY, NOV. 6TH FROM 4:30-6PM AT 107 E JACKSON, SALEM, IA
Pickup/Removal of Personal Property: Friday, November 21st from 4:00 PM to 6:00 PM only. A buyer’s premium of 18% will be added to all personal property purchases. All items sell as is, where is, with no guarantees. All purchases must be picked up during the designated time—No Exceptions. Any items not picked up will be forfeited without refund. No alternate pickup dates, no holds, no excuses.
NO PICK UP TIME SCHEDULING REQUIRED!
COREY FRAISE 319-470-0115