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0 acres Auction

Monona County, Iowa

06-20-2020 2:00 PM

Gary Sorenson Estate Auction

Auction Location

Onsite and Online

Listing No.: DDA - 25201

Date: 06-20-2020
Bidding Starts: 2:00 PM

1122 7th St
Onawa, IA 51040
Bidding Onsite, Online

Bid Online

Directions to Farm

From I-29, take Exit 112 for Onawa. Continue East on IA-175 for 2.2 miles, then turn right onto 7th St. House will be on your right, watch for signs.

Auction Details

Auctioneering will be conducted by Rick Watson of Watson Auction Systems. Brokerage provided by DreamDirt. This will be a simulcast live and online auction. Bidders may place their bids in person on auction day, or online. If you are unable to bid in person or online, please contact Auctioneer Rick Watson at 712-431-6539 to make arrangements. 

Agent Comments

Spacious 2-3 bedroom 1 bath, open floor plan kitchen, dining, and living room with den off of the living room that could be 3rd bedroom. Lots of storage space throughout the entire house. Large basement with great potential for man cave or hobby room. Newer furnace with central air, newer large water heater and water softener. New Roof, New vinyl siding, New gutters, New windows. Single car attached garage with new overhead door and automatic opener. Property has a small cottage in the back yard that would make a great tool shed or work space. This would be a great starter home for a new family or a nice low maintenance rental property. 

Sale Method

Live Auction with Online Bidding availbale 

Home Description

  • Built in 1920
  • 1,280 Sq Ft
  • 2 Bedrooms
  • 1 Bathroom 
  • Vinyl Siding
  • Detached workshop/garage area

Legal Description

Lot 6, Block 91, Onawa


Immediately upon closing


On or before July 20, 2020.


$1,046 Annual

Earnest Money

5% due upon signing of purchase agreement

Terms and Conditions

By bidding on this auction you agree to abide by the Terms and Conditions of this auction. You must satisfy us of your identity and to be authorized to bid. We reserve the right to require you to satisfy us of your financial ability to perform on this transaction prior to or after bidding has occurred. As an online bidder you consent to phone calls, text messages or emails from us. Internet latency can result in your bids not being accepted. The timer on online auctions can vary by a few seconds for each bidder depending and how secure and stable your own connection is. We want to give you notice that bidding in the last few seconds is a risky tactic. Using Max bidding prior to the end of the auction is the most secure way to ensure your bid is accepted. We are not responsible for technology failures and can not be held liable if your bids are not accepted. In the event a technology failure or Internet outage on our part we reserve the right to extend the auction ending time. Google Chrome browser is the preferred browser for interacting with our software. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. You must request to review the purchase agreement prior to bidding if you wish to review it. You consent to the form by bidding and waive any legal review of the purchase agreement once the auction has ended. Immediately upon the conclusion of the auction the high bidder(s) will enter into a real estate purchase agreement which is a legally binding contract and deposit with DreamDirt Farm and Ranch Real Estate LLC or other approved holding account the proper non-refundable earnest deposit. If you fail to perform or close on this transaction your earnest deposit will not be refunded. Buyer agrees to sign all documents immediately using electronic means and in a reasonable amount of time wire any necessary earnest funds using bank wire. Buyers failing to meet all terms and conditions of this sale or perform on the real estate purchase agreement are subject to loss of their earnest deposit. Buyers that fail to close on or before the closing date may be subject to paying sellers interest payments or a daily penalty of up to $500 per day at the sellers election, the seller may also elect other legal options including requesting the earnest deposit and selling the property to another party. The Seller(s) will provide a current abstract or other title conveyance instrument at their own expense unless otherwise noted. The sale is not contingent upon buyer financing or appraisal, all bids are cash bids. This sale is subject to all easements, covenants, leases, and restrictions of record. Buyers must do their due diligence prior to bidding. All bids are legally binding offers for real estate. All property is sold on an "As is – Where is" basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller unless specifically stated. You agree by bidding that you will enroll any CRP acres or acres enrolled in government programs in your name upon gaining ownership or abide by continuing requirements of any government programs or conservation programs on the farm. If you do not enroll these acres you will be required to pay any necessary penalties or withdrawal fees the program charges and the seller will not share in this cost. A survey will only be conducted if legally necessary. A buyer may perform any survey at their expense. The seller reserves the right to accept or reject any and all bids. The successful bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Any announcements made by the Auctioneer will take precedence over any previous material or statements. All announcements will be placed on our website and the top of the bidding page. The Auctioneer may accept absentee, phone or Internet bids from bidders or bid on behalf of the seller to advance toward any reserve until the reserve is achieved if one exists. Sellers reserve the right to take up to 4 hours after bidding ends to accept the final bid. Being the high bidder does not form a contract until the auctioneer announces the property sold and you are notified the seller has accepted your bid. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final.

View Associated Files


Jason Smith, Broker / Auctioneer

Work: (855) 376-3478

Cell: (515) 537-6633


©2018 DreamDirt Farm and Ranch Real Estate. We have obtained all disseminated information from sources we have deemed to be reliable but do not warrant or guarantee any information. It is possible that information has been omitted or reported to us in error. All lines drawn on maps are approximate. All acreages are stated as more or less. Representatives of DreamDirt Farm and Ranch Real Estate LLC may offer opinions based on the best information available at the time using assumptions and estimates but this does not guarantee any performance financial or otherwise. It is imperative that you rely on professional advice from legal, tax, financial or other advisors to make any decisions based on your own investigation.