Result: 1 of 1
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Type Online-Only Auction
Price Realized Price Realized Not Uploaded
Date Sold 3/4/2021


Lot # 1
Group - Category Real Estate - Land
Lead Marion County IL 99+- Acres - 1 Tract
Description
Selling as gross 99 acres Property offers a unique combination of : Upland cropland with locations for home-sites and Wooded bottom-land, CRP tree program, Crooked Creek make for excellent Whitetail and Turkey hunting. There are 99 taxed acres, of which 44 are enrolled in CRP, approximately 20 are tillable cropland, with the balance in woods and creek. The cropland is predominantly Hoyleton and Passport silt loam soil types with farming rights available for 2021. A major feature of this property is that it has substantial income producing potential and ROI from CRP contracts ($8710 annual), cropland rental, and hunting leases, plus possible home-sites Taxes $1116.52 A full property description is available at the buyafarm.com website.
Name Marion County, IL 99+- Acres
Auctioneer Buy A Farm Land And Auction Company LLC
Type Online-Only Auction
Date(s) 1/28/2021 - 3/4/2021
Internet-Only
Preview Date/Time By Appointment - Call Broker Dennis Epplin at 618-790-7777
Location IL Route 37 South
Salem, IL 62881
Buyer Premium No BP
Description
only auction 99+/- acres Marion County IL. Parts of sections 23 & 26, T2N - R2E (Salem Township). IL RT 37 frontage, convenient to Salem and quick access to Interstate 57.
Auction Terms & Conditions NO BUYER'S PREMIUM. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS. Government programs: Buyers compliance with the Conservation Reserve Program is required. Current contracts expire 2030 and 2031. There are six acres of an approved CRP contract (CP42, CP4D) that have not yet been seeded or established. Cost share assistance is approved. CRP contract payments to landowner pro-rated to closing. See "Useful Documents" section for CRP contract copies. PROCEDURE: Property is offered as 1 tract, no divisions. SHORT LEGAL: Parts of Section 23 and 26, T2N-R2E TAX ID: 11-23-000-015, 11-26-000-002, 11-26-000-003 REAL ESTATE TAXES: $1116 (2019 paid 2020). Pro-rated to closing date. SURVEY: No survey. 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 & 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. 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 --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium No BP