LEE COUNTY, IOWA – HOME & ACREAGE AUCTION
Begins:
Thursday, Jun. 25th 2026 at 12:00 AM
Ends:
Friday, Aug. 7th 2026 at 1:00 PM
Lee County, Iowa
HOME & ACREAGE AUCTION
(Selling Online Only)
BIDDING ENDS FRIDAY, AUGUST 7TH, 2026 at 1:00 P.M.
504 PARK AVENUE (DENMARK), FORT MADISON, IOWA
Open House/ Inspection: Friday, July 24 from 5:00 P.M. – 6:30P.M.
8.24± Acres • Private Park-Like Setting • Spacious Ranch Home with Walkout Basement
Nestled among mature hardwood trees, this secluded 8.24± acre acreage offers a truly picturesque, park-like setting with rolling terrain, landscaped grounds, and exceptional privacy. The spacious ranch-style home offers over 3,000 square feet of living area, including a partially finished full walkout basement. The main floor features 2 bedrooms, including a primary suite with private bath, large kitchen and dining area, sunken formal living room w/fireplace, expansive family room with wet bar and fireplace, mud room w/laundry, screened porch, and attached 2-car garage. The full walkout basement includes 2 additional bedrooms, family room, office, full bath, storage areas, and garage space. A huge wrap-around rear deck overlooks the scenic grounds.
Additional improvements include 26′ x 36′ and 18′ x 30′ machine sheds, gardening area, and ample open space suitable for recreation, horses, or livestock. The home showcases distinctive Mid-Century Modern design elements and presents an excellent opportunity for a buyer to update and modernize the improvements to their own tastes.
Auctioneer’s Note: Acreages offering this level of privacy and setting are increasingly difficult to find. Whether you are searching for a private retreat, hobby farm, or simply a home surrounded by mature timber and picturesque grounds, this property offers tremendous potential in an exceptionally beautiful setting. Bid from anywhere using your computer, tablet, or smartphone and enjoy the convenience of online bidding.
If you are unable to attend the open house, private showings will be available by appointment beginning July 20, 2026. For additional information or to schedule a private showing, contact Sales Representative Dan Roach at 319-371-6031.
Terms: $10,000 earnest money deposit due at the end of the auction with the remainder due on or before September 4, 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 or any other contingencies. Sale is subject to Seller’s confirmation.
Septic System: This Property is serviced by a septic system. It will be the Buyers sole expense to have it updated as required by law.
Inclusions: Built in shelving & workbenches and window treatments. Additionally, Buyer accepts any remaining personal property on the grounds or in any of the structures at the time of closing.
Basement Water Seepage: Water seepage is currently present in the southeast area of the basement along the east foundation wall.
Survey: Land is selling based on the advertised acres, and the Seller shall not be obligated to provide a survey. All boundary stakes and lines shown on maps are approximate.
Closing: Closing will take place on or before September 4, 2026. 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!
RICHARD JACK STOTTS ESTATE – SELLER
Lisa M. Engeman & Sherry D. Stotts – Executors
Elaine Gray of Fehseke & Gray Law Offices – Attorney for Seller
Auction Conducted By
Fraise Auction & Real Estate
319-367-5744
www.fraiseauction.com
Open House/ Inspection: Friday, July 24 from 5:00 P.M. – 6:30P.M.
NOT APPLICABLE
DAN ROACH 319-371-6031 OR COREY FRAISE 319-470-0115