Bidding is per Tract with $1000 minimum bid increments
This is not ebay style bidding. The bid you place will be immediately posted.
call Don at 618-919-1031 to schedule a viewing.
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 1 TRACT. $1000 BID INCREMENTS.
PROCEDURE: Property is offered as 1 tract.
SURVEY: No survey.
MINERAL: Any mineral owned will transfer.
CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing.
TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.
CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.
POSSESSION: Possession at closing.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "As Is, Where Is".
Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.
AUCTIONEER: Donald Bailey, IL Lic #441.002325
Louisville, Illinois 62858
Extremely well-maintained places like this rarely come up for sale - 40 acres with income, move-in ready 3-bed, 2-bath brick home, pole barn and unattached garage. There are no 4-wheeler tracks on any of the property indicating respectful neighbors. Deer beds are located all over the tract; they are obvious because all the farmland has been in CRP for several years and has tall ground cover.
The 27.9 acres of tillable land is enrolled in CRP. The contract expires September 30, 2023. It has an annual payment of $3,126.
The home is move-in ready. It obviously is a little dated but has had a lot of updating done also. Owners of home have lived in it since they had it custom-built.
Offers plenty of privacy from the views from the rear deck. The fact that it has farm fields on all four sides obviously contribute to the sanctuary for livestock.
There is a drainage, deep ravine that runs across the property that seemingly would fit for a design for very large lake.
The farm was set up for partial livestock with the pole barn having an open east side with a full feed bunk/hay running the entire length and an unattached 2-car+ garage which has 2 overhead doors and on the east end is a hobby room.
The home was built originally with a garage attached as the family including grandchildren grew. They turned it into a family/rec room. It could be turned back into an attached garage. On the rear of the house there is a large concrete slab that has a wooden deck built on part of it.
We will accommodate some open houses for viewings at a later date to be announced. Please respect the seller's privacy.