ONLINE LAND AUCTION: Williamson County IL 59+- Acres / 1 Tract (2669A)

ONLINE AUCTION: Williamson County IL 59+- Acres - 1 Tract

Bidding Closes Thursday, April 15, 2021 at 8:00 p.m. CST

NOTE: Bidding per acre. Starting Bid $2,800 per acre x 59 acres. Bidding increments of $25 per acre. 

Property Inspection: By Appointment - Call Broker Joe Corso at 618-663-1334

Property Address: Corinth Road, Marion IL

DESCRIPTION

This productive farmland is located 6.5 miles east of Johnston City and Interstate 57 on Corinth Road.  Property borders Corinth Road with water, electric and phone lines.  The 59 acres encompasses approximately 45 acres of tillable land that is currently being farmed. There is just enough timber areas that provides abundant deer and turkey hunting.  An older 44 x 60 metal barn that is in good shape for equipment storage and other storage needs is on the property - new roof in 2008 and with some alterations part of the barn could be used as a hunting cabin. A gentle rolling hill with a timber backdrop provides several perfect building sites for a home.

Farm lease is available for 2022. Seller will prorate 2021 cash rent with buyer.

Boundary lines on aerial photos are approximate.

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: Section 13, Township 8 South, Range 3 East

TAX ID: 03-13-300-005 and 03-13-300-007

REAL ESTATE TAXES:  $562.94. Pro-rated to closing date.

SURVEY: Property will not be surveyed.

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 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 will be given at closing. Subject to 2021 farming agreement. Seller will prorate 2021 cash rent with buyer.

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