Stated Reserve Real Estate Auction! Auction date: Thursday, March 31st, 2 pm. Open house: Saturday, March 26th, 12-2 pm. House open 1 hour prior to Auction. Auction held on-site. The stated reserve amount is $25,000, once the bidding surpasses that amount the format will change to an Absolute Auction. A 10% buyers premium will be added to the winning bid to determine the final selling price. Great Investment Property, currently leased, 3 bed/1 bath.