Bidding Per Acre x Amount of Acres. Offered in 2 Tracts or Combination of Tracts. $25 per acre bid increments. Combination bidding starts at 7pm CST day of auction close (Wed, Feb 15).
All potential bidders must register before auction, preferably two weeks ahead of February 15, 2023. All potential bidders must personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait the last minute to register, may stand a chance not being able to bid
To schedule a viewing of the property, contact Auctioneer Don Bailey at 618-919-1031 OR Broker Yale Epler at 812-480-4722.
PLEASE NOTE: In the Documents section is an auction sales contract that you will be required to sign. Please review it prior to bidding.
White County IL 198+- Acres / 2 Tracts / Tillable & Wooded / 2860A
If you are looking for a land investment (recreational or farmland), whether you are first time buyer or adding to your portfolio, you will want to watch this tract as it possibly will sell reasonably. Tract is not on the market to evaluate prices; it’s on the market to sell to new owner.
- 198+- acres offered in 2 tracts
- Parcel #: 16 05 400 001 (80 ac), 16 05 200 001 (39.48 ac), 16 05 200 003 (78.96 ac)
- Taxes: $1,742.12
- Section 5, T5S-R14W, Hawthorne Twp
- Abundance of wildlife sign on both tracts including deer and turkey
- County roads to both tracts
- Located in White County IL close to Indiana line and Interstate 64, SE of Phillipstown IL
- Good farmer maintaining the farm
- Great soil types for farming and tree growth
- Oil lease road throughout the tracts
- Income from tillable and hunt lease to present farmer
- Not agent owned or agent involvement in ownership
| Acres | Per Acre | Total Income | ||
| Rent Farm crop income | 100 | $150 | $15,000 | |
| Hunt lease current farmer | 198 | $20 | $3,960 | |
| oil field equipment storage | $1,200 | |||
| Annual Income | $20,160 | |||
| Current farmer also splits FSA payment if any |
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 2 TRACTS. $25 BID INCREMENTS.
PROCEDURE: Property offered in 2 tracts or combination.
SURVEY: None provided.
MINERAL: Seller to convey all.
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