ONLINE AUCTION: Union County IL 180+- Acres / 1 Tract / Whitetail Deer Turkey Hunting Income Timber / 2874AL

ONLINE AUCTION: Union County IL 180 Acres / 1 Tract / Whitetail Deer Turkey Hunting Income Timber

Bidding Starts Thursday, March 2, 2023

Bidding Closes Thursday, April 6, 2023 at 8:00 p.m. CST

Property Inspection: Saturdays, March 18 & April 1, 10 a.m. to 2 p.m. OR By Appointment  - Contact Brokers Mike Corso 618-528-0527 and Joe Corso 618-663-1334

Property Address: Harvel Lane, Jonesboro IL 62952

VIDEO LINK

DESCRIPTION

This property is located in the scenic rolling hills of Union County. As you enter the property, there is a grass meadow flanked by large mature pines and hardwood with a view of the steep-roofed home in the distance. The home and barn set back a 1/4 mile. The home/hunting lodge would be accommodating and quite comfortable for year-round living in a beautiful outdoor setting. The front glass door opens up onto a wooden deck overlooking a large pond nestled in the trees. It is a charming wilderness setting. The CRP grassland provides open views of wildlife movement throughout the day. There are several large food plots on the property. With over 180 acres and 10,000 acres of Shawnee Forest bordering the property; they'll be few neighbors and a whole lot of hunting available. There has been some large deer harvested and lot more filmed. There is even a cave on the property.

This property gives back, not only in its tranquil wilderness setting, or the first class whitetail hunting it provides; with CRP payments and hunting lease, the current owners are receiving over $20,000 per year. And then there's the value of the old-growth timber.

• 40 acres CRP paying $203/acre = $8,058/year payment
• Total open land including CRP is 47+- acres and 134+- acres of timber
• Shawnee Forest of over 10,000 acres borders property
• Several food plots scattered throughout property
• 2 ponds are on property
• The property is comprised of 2 stands of forest. A timber appraisal conducted in October of 2021 focused on Stand 1; stocked mostly with mature quality oak and yellow poplar, among other species. The value of timber if clear-cut in 2021 would be approximately $200,000 plus according to timber consultant's evaluation. Value in today's market would likely be quite a bit higher. Typically you would only want to harvest one third of the timber. In several other areas of the property, there are stands of mature pine. There can be an updated timber evaluation acquired by contacting the forestry consultants that originally appraised this stand of timber. We recommend that you do so due to changing market conditions.
• Deer hunting is very good on the property. There are some big deer on the property and also turkey. See pictures.
• Current owners in previous year received $12,000 for deer hunting lease and have a standing offer of $15,000 this year.
• The home/cabin is a modern frame structure built in late 1970s or early 80s. Home is well maintained with electric, water and septic system. It has 2 bedrooms downstairs, bath, kitchen, utility room, family room with vaulted ceilings and a large loft overlooking the family room. Loft can be used as a large bedroom or study.
• Home is 1050 square feet of living space. Sliding glass door leads to large deck overlooking a pond. Water is pumped from a well, however there is city water at the road.
• Location: Property is 10 minutes South of Jonesboro taking Route 127 to Old Cape Road, then right on Harvel Road.

PROCEDURE

• Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register.  By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion.
• Bidding: If you are unable to bid Online, or are unsure about the reliability of your internet connection, call the auctioneer and make alternative arrangements by April 4.
• Ebay Style Bidding / Max Bid
• The property will be offered as 1 tract. Online only.
• Bidding begins Thursday, March 2, 2023 and will be available until 8:00 PM CST Thursday, April 6, 2023, subject to bid extensions (Soft Close).
• Bidding will be on a per tract basis with a minimum opening bid of $500,000. Thereafter, bid increments will be $1,000.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

SALE SUBJECT TO CONFORMATION OF SELLER(S).

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Pro-rated to day of closing.

SURVEY: No survey provided.

MINERAL: Will transfer to Buyer, if any.

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. Any stop payment order of a check or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, 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. Title company to be determined.

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 subject to government CRP Programs. CRP Program will be pro-rated.

AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller.

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 made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Mark Kennedy, IL Lic ##440.00022.