ONLINE LAND AUCTION: Jefferson County IL 103+- Acres / Hunting Income Tillable / 2768A
Jefferson County| CLOSES: Thur, Feb 3 | 1 Tract | 103 Acres| Mt. Vernon IL
ONLINE AUCTION: Jefferson County IL 103+- Acres - 1 Tract
Bidding Closes Thursday, February 3, 2022 at 8:00 p.m. CST
Property Inspection: By Appointment - Contact Auctioneer Mark Kennedy at 618-924-1747
Property Address: McCauley Lane, Mt. Vernon IL 62864
Offered is 102.85 surveyed acres consisting of 87 acres tillable. Property is available to farm this spring. Existing farm operator is willing to continue farming for $130/acre. This property is quarter mile off McCauley Lane, accessed through a 30-foot easement. Property is 10 minutes East of Mt. Vernon and Interstate 57. As you can see from the land video, property is comprised of some large fields with wood lines and creeks in between, with larger tracts of bordering timber. This sets up a good combination of bedding, travel corridors and plenty of cover and food for deer and turkey. Most of the tillable land is flat to gentle rolling hills that offers good drainage with minimal erosion. This tract of land is large enough to accommodate several hunters while also providing a cash rent income from a farm operator if you're not planning on farming yourself.
If you enjoy the outdoors, looking across the 100 acres with its gentle rolling cropland providing a scenic openness, and the wood lines and creeks add character to a welcoming game habitat.
TERMS AND CONDITIONS
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
Bidding Per Tract - Not Per Acre - In $1,000 Bid Increments
NOTE: Your bidding is not contingent upon financing or inspections. Buyer’s due diligence - Any and all inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale.
PROCEDURE: Property is offered in 1 tract.
SHORT LEGAL: Section 15 & 22, T2S-R3E
REAL ESTATE TAXES AND TAX ID: $1,004. Taxes pro-rated to closing date. Parcel ID #7-15-300-006 & 7-22-100-008.
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 60 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.
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: Mark Kennedy, IL Lic #440000202.
McCauley Lane, Mt. Vernon, IL 62864