ONLINE AUCTION: Marion County IL 40+- Acres / Wooded Timber Hunting Recreation / 2830A

Marion County| CLOSES Thur, Sept 8 | 40 Acres| Iuka IL

ONLINE AUCTION: Marion County IL 40+- Acres

Bidding Starts Thursday, September 1, 2022 at 8:00 a.m. CST

Bidding Closes Thursday, September 8, 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: River Road, Iuka IL 62849

Bidding Per Acre x Amount of Acres. Offered in 1 Tract. $25 bid increments.

DESCRIPTION

  • Solid income
  • Natural habitat for wildlife
  • Great hunting / recreational tract of land
  • Potential for valuable timber harvest in year to come
  • 19.98 acres in enrolled in CP22
  • CRP income - $156 per acre = $3,117 annually, contract expires 9/30/33
  • Parcel #13-31-200-001
  • Taxes: $596.70
  • Section 31, Township 2 North, Range 4 East

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 1 TRACT. $25 BID INCREMENTS.

PROCEDURE: Property is offered as 1 tract.

SURVEY: No survey.

MINERAL: Seller will retain 50% for 10 years.

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 subject to Farm Tenant right to harvest 2022..

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

River Road, Iuka, IL 62849