January 28, 2025 @ 5:30 P.M. Upcoming Online Only Auction of A Bare Residential Lot in Rock Valley, IA

UPCOMING ONLINE ONLY AUCTION OF A

BARE RESIDENTIAL LOT IN ROCK VALLEY, IA!!

This Is A Corner Lot Located In Southern Hills Estate 2nd Addition Which Is Located Just A One & A Half Blocks West Of The Netherlands Reformed School Located On The

Corner Of 18th Place & 7th ST. SE!

City of Rock Valley – Owner

Location:  This lot is located on the corner of 18th Place & 7th ST. SE  or from the Netherlands Reformed School go approx. 1 1/2 blocks West on 7th ST. SE

AUCTION SIGNS WILL BE POSTED!

Legal Description:  This property will be surveyed and final legal description will be determined by the survey. Located in the Northeast corner of the intersection of 18th Place and 7th ST. SE in Rock Valley, IA 51247. Sold subject to all public roads, easements of record and covenants of record.

General Description: This is a rare opportunity to purchase a residential lot in an existing development in Rock Valley, IA! This lot is owned by the City of Rock Valley, IA and in order to be sold by the City must be offered to the public by auction. This lot will be sold on an online only auction! This lot is approx. 100ft x 172ft but the final size will be determined by a survey to be completed prior to the conclusion of the bidding on the auction. Watch website for updates or contact an agent for details on the lot size. This lot will have water and sewer available at the lot line. This lot will qualify for the Residential tax abatement! The buyer of the lot must begin construction within 12 months and construction must be completed within 24 months. If the buyer of this property desires to move a residential dwelling on the property they must obtain from the City a conditional use permit for a relocated residential dwelling and a moving permit. Contact the City regarding any eligibility for moving of a dwelling onto the property. This property has a water line which runs along the North property line and East property line which a buyer would not be permitted to build over. Contact an agent for details on this water line. This is a great opportunity to purchase a lot in an existing development in Rock Valley, IA! This lot is located in Southern Hills Estate 2nd Addition! This lot has several well established trees also on the property! Make plans to purchase this property today!

Method of Sale: Property will be sold on an online only auction with the bidding to close at 5:30 P.M. on January 28, 2025. This auction will have an auto extension feature. Refresh your screen often as the bidding closes to ensure the most current bid is displayed. Bidders are encouraged to be logged in on two devices when the auction is closing with the bid screen open on both devices to help prevent any issues. Please go to ZOMERCOMPANY.COM to register!!

Taxes: The current real estate taxes will need to be reassessed by the county treasurer due to the parcel split. Taxes will also vary based on the type/size of dwelling which is constructed on the property.

Possession & Closing:  Possession and closing day will be March 4, 2025

Terms:  Purchaser(s) will be required to pay a non-refundable $2,500.00 as earnest money deposit and agree to enter into a purchase agreement immediately following the auction with the remaining balance due and payable on closing day, on or before March 4, 2025, when the buyer shall receive a clear and merchantable title to the property. This property is being sold as a cash sale with no finance contingencies and as is, where is, with any/all defects and encroachments if any. Penalties may apply should buyer delay closing. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Any announcements posted will supersede any advertisements. All measurements and years built are estimated and are not guaranteed. All descriptions of the property are not guaranteed to be accurate and all buyers are encouraged to do buyers due diligence. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the seller. If any additional information is requested, please contact auctioneers listed below. Jenny Winterfeld—Attorney For Seller