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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

Identification will be required to register to bid during this auction. Video and audio recording devices will be in use during the auction which may be broadcast via the Internet or used in other places. Bidding increments are at the sole discretion of the Auctioneer who may accept or reject any bid. Immediately upon conclusion of the auction the high bidder(s) will enter into a real estate contract and deposit with DreamDirt Farm and Ranch Real Estate LLC or other approved holding account the proper non-refundable earnest deposit. 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, 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 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 in your name upon gaining ownership or abide by continuing requires of any government programs or conservation programs on the farm or pay any necessary penalties should you choose not to. 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 on auction day by the Auctioneer will take precedence over any previous material or oral statements. The Auctioneer may accept absentee, phone or Internet bids from bidders who can not attend the auction or bid on behalf of the seller to advance toward any reserve until the reserve is achieved. Bidding remotely does not guarantee anonymity. All decisions of the Auctioneer are final. The auction is open to the public contingent upon proper behavior. The Auctioneer may ask you to leave if your behavior is not in the best interest of the seller.

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.