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LAND AUCTION - SOLD - $1,406,000  
Monroe County IL 189+- Acres / 159 Tillable Acres

Saturday, January 21 - 10 a.m.

At the Monroe County Fairgrounds in Waterloo IL (Route 156 West)
Offering in 5 Tracts or Combinations Thereof - No Buyer's Premium!

Property Inspection Date: Saturday, January 7, 9 a.m. to Noon or by Appt

Looking for a Home Site - Investment - Cropland?  Check This One Out!!!

       Update: Seller will add a 5' Culvert and rock to create a crossing on easement on Tract 2-3 line.    

 

Location! Location! Location! Just a few miles Southwest of Waterloo IL, this property is sandwiched between Acorns Golf Course and Chantilly Subdivision. The property has the potential for development in the not-too distant future, if not right now, yet the reserve price of $7300 per acre is in line with or below current farm property prices. With soils having a 158 bu weighted Corn average and a 115.4 Crop Productivity Index (Optimum Management), it is an excellent investment that will provide a yearly income (something gold investments will not do!).  The farm lease is open for the 2012 crop year.                  Short Legal: Part Sections 3 and 4 T3S-R10W Monroe County IL

 

FARM DESCRIPTION:

Tract #1  17+- acres with 9+- tillable acres.

Tract #2  35+- acres with 34+- tillable acres.

Tract #3  56+-acres, mostly tillable.

Tract #4  40+-acres with 38+- tillable acres.

Tract #5  40+-acres with 21+- tillable acres.

The orange line represents a 50' wide shared easement that will be created for access, utilities and the right to improve for the benefit of tracts that would otherwise have no access, if property is divided.

 

FSA Map / FSA Map / Soil Map / Topo Map / Interactive Map


 

 

Auction Terms and Conditions

Sale Method: Tracts will be offered individually and combinations. Minimum sale price $7300 per acre ($1,379,700)
Possession: At closing.
Real Estate Taxes
: $356.70 (2010 payable 2011). Prorated to day of closing.

Survey and Tract Acreages: If the farm sells as one tract no survey will be provided.  If the farm is divided, the tracts will be surveyed the Seller will pay 50% and the balance will be split by the Buyers on a per acre basis. If surveyed, purchase price will be adjusted to match surveyed acres.

Minerals: Any mineral owned will transfer, if any.
Financing: Your bidding is not conditional on financing; make arrangements prior to the sale.
Earnest Money & Purchase Agreement
Immediately following the close of bidding, the approved high bidder(s) will deposit with the Auction Company 10% earnest money and sign a purchase agreement with the Seller(s). Balance due at closing, 30 days after auction (or within 14 days of completion of survey if not sold as a whole).
Tract Acreages
: The lines and drawings in the printed material or on the website are approximate. These figures, estimates, lines, and drawings are not guaranteed.
Conditions & Easements
: Subject to all easements, covenants, and restrictions on record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained herein and all related materials are subject to the terms and conditions outlined in the agreement to purchase.  Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller(s) or the auction company.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property.  The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc.  All decisions of the auctioneer are final, all announcements made the day of the auction, by the auctioneer, will take precedence over printed or spoken information made prior. Buy A Farm Land & Auction Company, and their agent’s work for the Seller.


Agent Wayne Keller

Cell: 800-357-4020

Email: Wayne


buyafarm.com
1403 Hillcrest Drive - P.O. Box 128 - Sparta, IL 62286
Toll Free 800-443-1998


Auctioneer

Mark Kennedy
IL License #440000202

 


 

 


Information is believed to be accurate but is in no way guaranteed. Prospective buyers should exercise due diligence. 
Click here for more detailed disclosure.

© Buy A Farm Land and Auction Company LLC
Page updated Monday, January 23, 2012