ONLINE LAND AUCTION: Washington County IL 25+- Acres / Cabin Garage Lake Tillable Income / 2951A

ONLINE LAND AUCTION: Washington County IL 25+- Acres with Cabin, Garage, Lake & Tillable Income

Bidding Opens Tuesday, June 11, 2024

Bidding Closes (Soft Close) Tuesday, June 25, 2024 @ 8PM CST 

Property Inspection: Saturday, June 15, 2024 from 4 to 6 pm OR By Appointment

Property Address: 8436 Pudges Road, Nashville IL 62263

DESCRIPTION

If you are looking for an investment, getaway, homesite or subdivision possibility, this property basically has it all. While enjoying the cabin and lake, you will be receiving annual income from rent from the farm. This tract may possibly have some commercial value for a subdivision.

• Property has 21 acres tillable producing a good income.
• The 480 sq. ft. finished cabin/home is 20 x 24 with a 20 x 24 overhang. Concrete floor. Septic and city water is available.
• Property has a separate 18 x 24 garage with concrete floor and overhead electric door.
• Nice lake with several shade trees.
• Beautifully landscaped around the cabin and lake.
• Parcel #: 02-02-19-300-014 (20 ac), 02-13-19-176-011 (5 ac)
• Taxes: $1,336.20
• Section 19, T2S-R2W

Properties such as this do not come on the market very often. The family that owns the property has owned it for many, many years.

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.

PLEASE NOTE: Below is a link for the auction sales contract that you will be required to sign. Please review it prior to bidding.

SALES CONTRACT

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 $150,000.
• Minimum bid increments - $1000
• eBay-style/max bidding
• Bidding opens TUESDAY, JUNE 11, 2024 and will be available until 8PM CST TUESDAY, JUNE 25, 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: Pro-rated to day of closing.
• SURVEY: No survey will be provided.
• MINERAL: Any mineral owned will transfer, 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, 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 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 at closing subject to 2024 Farm Tenant Agreement.
• 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.