Specifications include, but are not limited to: DESCRIPTION OF PROPERTY: 409 E 6th St. SALE PROCEDURES: The East Half of Lot 3, in Block 118, in the City of Muscatine, Muscatine County, Iowa, according to the original plat thereof. Sealed Bids. On or before 9:59 a.m. on March 19, 2024, each bidder shall submit a written bid a sealed envelope containing a certified check or a cashier’s check in the amount of $1,000 payable to the City of Muscatine, Iowa, and the name of the bidder identified on the outside of the envelope. No minimum bid price will be set. However, the parcel will sell to the highest bidder able to initiate construction of a residential dwelling within 180 days. The bidder shall also include a plan and schedule for the development of the property, including the intended use in much detail as is possible. If the plans don’t include building a residential dwelling the minimum bid will the market value. The assessed market value for this property is $6,500. Live Auction. Starting at 10:00 A.M. March 19, 2024, the bids will be opened. Each bidder will be given the opportunity to successively raise his/her/its bid in an amount which is higher than the current highest bid in increments of not less than $100.00, starting with the lowest bidder. This procedure will continue until the highest bid is obtained. Failure to bid in any given round will not prevent re-entering the bidding process at a later time. Unsuccessful bidder’s checks will be returned when the auction has been completed.
