Mount Pleasant, Iowa
RANCH STYLE HOME and
PERSONAL PROPERTY AUCTION
1009 E MONROE STREET, MOUNT PLEASANT, IOWA
AUCTION ENDS: TUESDAY, FEBRUARY 10TH 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: TUESDAY, JANUARY 27TH FROM 5-6 PM
General Information: Centrally located near grocery stores, restaurants, and major retailers, this 2-bedroom, 1-bath home will sell at absolute auction, regardless of price. The property offers approximately 1,064 sq. ft. of living space with an attached 1-car garage and a full basement. The basement is expansive and has experienced past settling; however, it has been professionally improved with a basement waterproofing system, wall anchor plates, and a sump pump. Additional features include a newer metal roof and a desirable corner lot location. While the interior could benefit from cosmetic updates, this home represents a solid opportunity for homeowners, investors, or renovators looking to add value.
Auctioneer’s Note: This corner-lot home offers a solid structure with key improvements already completed, including a newer metal roof and professional basement stabilization and waterproofing. While some cosmetic updates remain, the property presents an excellent opportunity for homeowners or investors. Selling at absolute auction, bidding is open to everyone and can be done from anywhere using your phone, tablet, or computer. Don’t miss the chance to buy at your price.
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or about March 10, 2026. 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, inspections or any other contingencies.
Reservations: Refrigerator, elec. stove, washing machine, electric dryer and all other personal property.
Inclusions: Pool table, window treatments, built in microwave and any remaining personal property at the time of closing
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or about March 10. 2026. The balance of 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:
Pickup/Removal of Personal Property: Wednesday, February 11th from 3:00 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.
SAMUEL ARTHUR RUTH– SELLER
Jeffrey D. Ruth – P.O.A.
Seleta Bainter of Bainter & Thomas Law Office Mt. Pleasant, Iowa – Attorney for Seller
Auction Conducted By
Fraise Auction & Real Estate
319-367-5744 or 319-372-9121
www.fraiseauction.com
OPEN HOUSE/INSPECTION: TUESDAY, JANUARY 27TH FROM 5-6 PM AT 1009 E MONROE STREET, MOUNT PLEASANT, IOWA
Pickup/Removal of Personal Property: Wednesday, February 11th from 3:00 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.
Sign Up for a Pick Up Time: https://www.signupgenius.com/go/904084AADAB29A0FD0-61668220-ruth


COREY FRAISE 319-470-0115