ONLINE REAL ESTATE AUCTION: Crawford County IL 40+- Acres / 1 Tract (2702A)

Crawford County| CLOSES: Tues, June 29 | 1 Tract | 40 Acres| Oblong IL

ONLINE REAL ESTATE AUCTION: Crawford County IL 40+- Acres / 1 Tract

Bidding Closes Tuesday, June 29, 2021 at 8:00 p.m. CST

Property Inspection: Saturday, June 19, 2021, from 3:00 to 5:30 p.m. CST OR By Appointment - Call Auctioneer/Broker Wayne Keller at 618-407-1679

Property Address: 1495 East 1500 Avenue, Oblong IL 62449

DESCRIPTION

40-acre Amish farmstead located 5+- miles North of Oblong IL.  The property has 2 homes and a barn; property is fenced into 4 paddocks.

Both homes were built in 2019. The main home has 3 bedrooms. One bath and 2 bedrooms are not finished. The home is partially wired.  The wiring is in the walls but the receptacles and breaker box are missing. Heating is wood stove; however the wood stove will not stay.

Residential Data Sheet for 3-Bedroom Home

The second home is 2 bedrooms and a single bath. The bedrooms need floor coverings. One bath and 2 bedrooms are not finished. The home is partially wired. The wiring is in the walls but the receptacles and breaker box are missing. Heating is wood stove, however the wood stove will not stay.

Residential Data Sheet for 2-Bedroom Home

The barn is concrete block construction with a concrete floor. It has 6 open stalls, 4 closed stalls, 4 milk stations and a work area. There are 4 fenced paddocks.

There are 2 oil wells on the property, however there is no mineral income.

TERMS AND CONDITIONS

NO BUYERS PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers.

PROCEDURE: Property is offered as 1 tract, no divisions. $1000 bid increments.

NOTICES:  Seller owns the water line along E 1500 Avenue and reserves the right to tap onto it from the 40-acre tract East of this property.  Chicken house and clothes line poles will be removed. Property sells “as-is”.

SHORT LEGAL: Part of Section 12, Township 7 North - Range 14 West, Crawford County Illinois

TAX ID: 04-0-12-000-001-000

REAL ESTATE TAXES: $4400 (estimated 2020 pay 2021, however this does not include the 3-bedroom home which will be added to the 2021 bill payable 2022). Pro-rated to closing date.

SURVEY:  No survey provided.

MINERAL: Any mineral owned will transfer, if any. None believed to be owned

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 will be given at closing.

AUCTIONEER: Wayne Keller, IL Lic #441.002475

Property Map

1495 East 1500 Avenue, Oblong, IL 62449