ONLINE REAL ESTATE LAND AUCTION: Saline County IL 359+- Acres / 2 Tracts (2631A)

Saline County| ONLINE: CLOSES Fri, Nov 6 | 2 Tracts | 359 Acres| Harrisburg IL

ONLINE AUCTION: Saline County IL 359+- Acres

Bidding Closes Friday, November 6, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 or dbailey@buyafarm.com

Location: Lighthouse Road, Harrisburg IL 62946

Description

359.13 surveyed acres offered in 2 tracts just NW of Harrisburg IL. (Full boundary survey of 359 acres but not divided into tracts.) A great investment opportunity. Well-maintained farm with class B and C soils. CPI of 117 and 112! Plus 40 acres currently has been tiled. Farming rights available for 2021 season. Cash rent available at $175 per tillable acre plus hunting lease of $20 per acre possible. Possible income of $55,655 annually. Cash rent and hunting lease may be more!

The Bankston Fork of the Saline River runs along the north border of property. Tract is a natural corridor for wildlife with Bankston Fork securing the north border and only access is through 2 gated entrances.

90+- acres of softwood and hardwood trees offering some amazing hunting opportunities.

Tract #1 224+- Acres (Part of Sections 12 & 7, T9S-R5 & 6E)

Approximately 189 acres cropland, 40 acres tiled. Access via gated-owned parcel from dead-end road (Lighthouse Road) and gated easement to Old Route 13. Bean yield 66 bu per acre in 2019.

Tract #2 135+- Acres (Part of Sections 12 & 7, T9S-R5 & 6E)

Approximately 88 acres cropland, 40 acres tiled. Access via gated easement to Old Route 13.  Bean yield 66 bu per acre in 2019.

Addendum “A” Terms and Conditions

NO BUYER'S PREMIUM

BIDDING IS ON A PER TRACT / LOT BASIS (REQUIRES $1,000 MINIMUM TO RAISE BID)

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers.

PROCEDURE: Property is offered per tract / lot. Bidding on multi tracts allowed, no combinations.

SHORT LEGAL: Tract #1 - Part of Section 12-7, T9S-R5 & 6E; Tract #2 - Part of Section 12-7, T9S-R5 & 6E

TAX ID: TBA

REAL ESTATE TAXES: Prorated to closing date.

SURVEY: Property has been surveyed - full boundary, not divided into tracts.

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.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable tile 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 the mortgage. Buyer shall pay for recording the deed of conveyance from Seller and 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: Don Bailey, IL Lic #441.002325

Property Map

Lighthouse Road & Old Route 13, Harrisburg, IL