ONLINE LAND AUCTION: Fayette County IL 111+- Acres / TRACT 2 & 3 SOLD! / 2960A

ONLINE LAND AUCTION: Fayette County IL 111+- Acres / 3 Tracts

TRACT 2 & 3 SOLD!

Bidding Opens Thursday, August 1, 2024

Bidding Closes Thursday, August 15, 2024 at 8pm CST  (Soft Close)  

Property Inspection: By Appointment Only

Property Address: 2212 N 1600 St, Brownstown IL 62418

DESCRIPTION

Tracts have been recently surveyed; acres of tracts have changed. Bidding will stay the same - SELLING PER TRACT. 

• Sales Contract
• Addendum H - Special Agreements

TRACT 1

• 72.26 acres with 62.39 tillable
• Well-maintained farm
• Road frontage on 2 sides
• Erosion control and water retention basins installed
• Taxes approximately $15 per acre

TRACT 2

• 20.90 acres with 15.67 tillable and pasture
• Fenced and cross fenced
• Road frontage
• 1+/- acre pond pond
• Good stand of clover and grasses on part of the tract
• Taxes approximately $15 per acres

TRACT 3

• 20 acres with 15.04+/- acres open land
• Road frontage
• Creek dissects property
• Taxes approximately $15 per acres

All potential online bidders must register before auction and personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait until the last minute to register may stand a chance not being able to bid.

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.
• Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements at least 24 hours before close of auction.
• Bidding will be on a PER TRACT BASIS with MINIMUM OPENING BID of
  • $333,000 for Tract 1; $73,500 for Tract 2; $60,000 for Tract 3
• Minimum bid increments - $1,000
• eBay-style/max bidding
• Bidding opens THURSDAY, AUGUST 1, 2024 and will be available until 8PM CST on THURSDAY, AUGUST 15, 2024 , subject to bid extensions (soft close).

TERMS AND CONDITIONS

• NO BUYER'S PREMIUM.
• SALE SUBJECT TO CONFIRMATION 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: Sellers to pay all 2024 property taxes.
• SURVEY: Sellers agree to survey tracts as needed per Sellers' discretion.
• MINERAL: Any mineral owned will transfer, if any, present ownership unknown.
• 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, Title Policy and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer and Seller.
• CLOSING: Closing shall occur within 30 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 tenant agreement for farming ending in 2024.
• 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: Donald Bailey, IL Lic #441.002325, 618-919-1031.