Burlington, Iowa
REAL ESTATE AUCTION
(Selling Online Only)
AUCTION ENDS TUESDAY, DECEMBER 9TH, 2025 at 10:00 A.M.
513 Elm Street, Burlington, Iowa
Open House/ Inspection: Tuesday, November 25th from 4 – 5 P.M.
General Description: Great investment opportunity selling at absolute auction regardless of price! This spacious 2-story home offers over 2,000 sq. ft. of living area with 4-5 bedrooms and 2 baths on a corner lot. The main level features a large kitchen with island that flows into the dining area, main floor laundry, and a nice enclosed front porch/sunroom. The home offers generous room sizes, lots of closet and storage space, and plenty of original character throughout. Updates include vinyl replacement windows, HVAC, an upgraded electrical panel, and a metal roof. In need of some TLC but full of potential for owner occupancy or investment purposes.
Auctioneer’s Note: Great first-time home buyers or investment property. We strongly encourage all interested parties to attend the open house or schedule a private showing. This Auction will be conducted Online Only, whereas each bidder can conveniently bid with an electronic device from anywhere.
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before January 9, 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, an appraisal, inspections or any other contingencies and Buyer accepts any remaining personal property at closing.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or before January 9, 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 BUYER’S PREMIUM!
Registration: Visit www.fraiseauction.com to register and bid today!
SCOTT R. HERRIOTT – SELLER
Artemio Santiago of ARP Law Firm – Attorney for Seller
Auction Conducted By:
Fraise Auction & Real Estate
319-372-9121
www.fraiseauction.com
OPEN HOUSE: TUESDAY, NOV. 25TH FROM 4-5PM
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COREY FRAISE 319-470-0115