ONLINE AUCTION: Bureau County IL 165+- Acres / Hunting Recreational Wooded / 2772A

Bureau County| CLOSES: Tue, Feb 22 | 1 Tract | 165 Acres| Spring Valley IL

ONLINE AUCTION: Bureau County IL 165+- Acres / 1 Tract

Bidding Opens Tuesday, February 8, 2022 at 8:00 a.m. CST

Bidding Closes Tuesday, February 22, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Broker Devin Birch at 309-208-6889 OR Broker Mike Cochran at 309-360-4040

Property Address: Spring Valley-Marquette Highway, East of DePue & West of Spring Valley IL

Bidding Per Acre - Not Per Tract - In $10 Bid Increments Per Acre

NOTE: Your bidding is not contingent upon financing or inspections. Buyers due diligence - Any and all  inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale.

DESCRIPTION

Bureau County IL; Section 31 & 32, T16N, R11E, Hall Township

165+- acres of excellent hunting and recreational property will be presented for sale in an online auction presented by Buy A Farm Land & Auction Company.  This land has been in the same family for many generations; and an opportunity to purchase property like this does not come along often.  Excellent deer, turkey and waterfowl hunting opportunities are available as well as residential home sites and general recreation.

This tract is situated on the North and South sides of Spring Valley-Marquette Highway and is heavily wooded.  The tract offers multiple building sites and opportunities for recreation or further development into residential building site tracts.  There are amazing views of the Illinois River along the bluffs of this property and along the riverfront side of the property too.  Deer, turkey and upland game hunting abound with this tract with many signs of all on the property.  Excellent opportunities for waterfowl hunting are presented along the riverfront side of the property.  There are a few old farmstead buildings including a barn that are situated on the North side of the roadway.  There is marketable timber on the property with an estimated value in excess of $125K. Overhead power is present along the Spring-Valley Marquette Highway.

Acreage is approximate and will be field determined by a professional land surveyor with gross sales price determined on a per acre basis at closing.

For both tracts Seller will retain 50% of the mineral rights for a period of 20 years or for as long as production exists.

Directions to the Property:

From Spring Valley, head West on IL Rte 29 to 3065E Street.  Head South on 3065E Street to Spring Valley-Marquette Highway and then Head East.  North Tract begins at the Intersection, South tract begins at +/- 2000 feet East of the intersection.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Bidding Per Acre - Not Per Tract - In $10 Bid Increments Per Acre

NOTE: Your bidding is not contingent upon financing or inspections. Buyers due diligence - Any and all  inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale.

PROCEDURE: Property is offered in 1 tract.

SHORT LEGAL:  Section 31 & 32, T16N, R11E, Hall Township.

REAL ESTATE TAXES AND TAX ID: +/-5.70/acre. Pt of 18-32-100-001, 18-31-400-002, Pt of 18-32-300-001, 18-32-300-005.

SURVEY: Acreage is approximate and will be field determined by a professional land surveyor with gross sales price determined on a per acre basis at closing.

MINERAL: For both tracts Seller will retain 50% of the mineral rights for a period of 20 years or for as long as production exists.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. Total contract purchase price will be the winning per acre bid dollar amount multiplied by the estimated 165 acres for sale.  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 will be given 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

Property Map

Spring Valley-Marquette Highway, Spring Valley, IL