ONLINE REAL ESTATE AUCTION: Randolph County IL 26+- Acres / Home Cropland Hunting / 1 Tract (2721A)

Randolph County| CLOSES Thur, Aug 12 | 1 Tract | 26 Acres| Red Bud IL

ONLINE REAL ESTATE AUCTION: Randolph County IL 26+- Acres / 1 Tract

Bidding Closes Thursday, August 12, 2021 at 8:00 p.m. CST

Property Inspection: Sunday, July 25, 1-4 p.m. OR By Appointment - Call Managing Broker Jamie Keller at 618-713-7677

Property Address: 11100 Mehring Road, Red Bud IL 62278

DESCRIPTION

26+- acres that includes a 3-bedroom brick home with attached 1-car garage.  Wood burning fireplace, full basement, laundry on main floor.  Outbuildings include 62 x 28, 15 x 26 and 8 x 10 sheds.  14.6 acres tillable with crop income.  Good hunting adjoining ILDNR land to the east in the Kaskaskia basin.  Private well.  Located on quiet dead end road.  Red Bud School District.  Taxes $1019 (2019).

Directions from Red Bud: Take IL Hwy 154 east 5 miles to left onto Griggs Road.  Follow Griggs 1.4 miles to right on Mehring Road.  Property will be on the right in 1 mile.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Please Note: Bidding is total dollars on the tract, not by the acre, in $1,000 bid increments.

PROCEDURE: Property is offered in 1 tract.

SHORT LEGAL: Section 6, T4S-R7W.

TAX ID: 09-007-009-00, 09-007-003-00, and 09-007-013-00.

REAL ESTATE TAXES: $1019.82 (2019 payable 2020). Pro-rated to closing date.

SURVEY:  No survey provided.

MINERAL: All 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 subject to the 2021 farm lease.  Seller will retain 2021 crop lease income.

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: Wayne Keller, IL Lic #441.002475.

Property Map

11100 Mehring Road, Red Bud, IL 62278