ONLINE LAND AUCTION: Jefferson County IL 60+- Acres / 1 Tract (2658A)

ONLINE AUCTION: Jefferson County IL 60+- Acres - 1 Tract

Bidding Closes Thursday, February 25, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Don Bailey at 618-919-1031

Property Address: East Copeland Road (located between Dix and Centralia IL)

DESCRIPTION

• Great tract to add to your farm operation or to start building a portfolio that includes farmland with good income.
• 60 acres with 56.83 tillable. Soil PI of 99.9. Mostly Bluford Silt Loam.
• Farm lease is open for 2021 crop year.
• Tract lays gently sloping allowing for good drainage.
• Located between Dix and Centralia with frontage on East Copeland Road.
• Property taxes - $597.44
• Pin #01-12-400-002 and 01-13-200-001
• Short Legal: Located in Sections 12 and 13, T1S-R1E, Grand Prairie TWP
• Directions: From Route 39 go West from Dix to North Post Oak Lane. Turn North on North Post Oak Lane. Go to East Copeland Road. Go East to property located on South side of road.

TERMS AND CONDITIONS

NO BUYER'S 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.

SHORT LEGAL: Sections 12 and 13, T1S - R1E, Grand Prairie Township, IL

TAX ID: 01 12 400 002 and 01 13 200 001.

REAL ESTATE TAXES: $597.44. Pro-rated to closing date.

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 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.

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