FORT MADISON, IA REAL ESTATE AUCTION
Begins:
Wednesday, Jul. 30th 2025 at 12:00 AM
Ends:
Friday, Aug. 29th 2025 at 1:00 PM
Fort Madison, Iowa
REAL ESTATE AUCTION
(Selling Online Only)
BIDDING ENDS FRIDAY, AUGUST 29, 2025 at 1:00 P.M.
1331 Avenue E, Fort Madison, Iowa
Open House/ Inspection: Friday, August 15th from 5:30 – 6:30 P.M.
General Description: Diamond in the rough! Located in a great central location, this spacious 1½-story brick home offers 1,629 sq. ft. of living space and tons of possibilities. The main floor features a bedroom, full bath, and laundry room for convenient one-level living, while the upstairs includes three additional bedrooms and another full bath. The home also includes a full basement with a newer furnace and water heater, several vinyl replacement windows, and added insulation throughout. Enjoy the enclosed rear porch, rear deck, and an oversized detached 2-car garage with a workshop area—perfect for hobbies or extra storage.
Auctioneer’s Note: Great flippers home or long-term 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 September 15, 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. Sale is subject to Seller’s confirmation.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Closing: Closing will take place on or before September 15, 2025. 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!
STEIN & LUNA LLC – SELLER
Carelle Jean Muellner Stein – Attorney for Seller
AUCTION CONDUCTED BY
FRAISE AUCTION & REAL ESTATE
319-367-5744
Open House/ Inspection: Friday, August 15th from 5:30 – 6:30 P.M.
1331 Avenue E, Fort Madison, Iowa
NA
COREY FRAISE 319-470-0115