ONLINE AUCTION: Marion County IL 121+- Acres / Timber Wooded Income Hunting / 4 Tracts / 2823A

Marion County| CLOSES Fri, Aug 19 | 4 Tracts | 121 Acres| Odin IL

ONLINE AUCTION: Marion County IL 121+- Acres Offered in 4 Tracts

Bidding Starts Friday, August 12, 2022 at 8:00 a.m. CST

Bidding Closes Friday, August 19, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 to schedule a viewing.

Property Address: Folsom Drive, Odin IL 62879

Bidding Per Acre x Amount of Acres. Offered in 4 Tracts or Combination of  Tracts. $100 bid increments.

Timber evaluation / Timber managing suggestions has been completed showing present value of $76,687.79 worth of present harvest value. Also shows future species of un-mature trees including walnut and other valuable species.

If tract sold separately: A 30-foot easement will be granted across North part of Tract 1 to Tract 2 and Tract 3.

DESCRIPTION

  • Located South of Odin IL, East on Soper Drive to South on Chouteau Avenue. Road dead ends at Tract 1.
  • Tracts owned by same estate since 1938.
  • Registered timber evaluation coming in 2 weeks.
  • Tract 1: 40 Acres with 22.1 acres open land, balance timberland.
  • Tract 2: 40 Acres. All timberland.
  • Tract 3: 40 Acres. All timberland.
  • Tract 4: 1 Acre with frontage on Odin Road (look for Buy A Farm sign). Tract 4 is a 33-ft strip of land.
  • Short Legal: Section 36, T2N-R1E

TERMS

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 4 TRACTS OR COMBINATION OF TRACTS. $100 BID INCREMENTS.

PROCEDURE: Property offered in 4 separate tracts and combination of tracts.

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

Property Map

Folsom Drive, Odin, IL 62879