ONLINE LAND AUCTION: Washington IL 80+- Acres / 1 Tract (2695A)

ONLINE AUCTION: Washington County IL 80+- Acres - 1 Tract

Bidding Closes Thursday, May 27, 2021 at 8:00 p.m. CST

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

Property Address: Nevada Road, Ashley IL 62808

Bidding Per Tract - Not Per Acre - In $1,000 Bid Increments

DESCRIPTION

• 80+- acres with 66+- acres presently being farmed.
• Endless possibilities: investment, amazing home sites, lake construction, farm income, hunting, camping or just security in a place to own in the country. You simply cannot reproduce a landscape like this!
• Small cabin on property.
• Located in Nashville School District.
• 8.5 miles SE of Nashville IL, 12 miles South of I-64, 58 minutes to East St. Louis MO.
• Driving Directions: 8.5 miles East of Nashville or 2.2 miles West Ashley to Route 51. South on Route 51 2.5 miles to Nevada Road. West on Nevada Road. 1.8 miles to property.

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

PROCEDURE: Property is offered as 1 tract.

SHORT LEGAL: Section 1, T3S-R2W, Bolo Twp, Washington County IL.

TAXES: $1,293.66

PARCEL #03-18-01-400-002, 03-18-01-400-003, 03-18-01-200-004

SURVEY: No survey.

MINERAL: Sellers retain all oil, gas and minerals for 20 years or as long as production exist.

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: At closing. Tenant farming rights available 2022.

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