ONLINE LAND AUCTION: Perry County IL 18.5+- Acres / 1 Tract (2639A)

ONLINE AUCTION: Perry County IL 18.5+- Acres - 1 Tract

Bidding Closes Thursday, December 17, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Wayne Keller at 618-407-1679

Property Address: City Lake Road, DuQuoin IL 62832

Description

Add to the farm operation, investment or homesite….18.5 acres of Perry County IL cropland just North of DuQuoin.  Soil PI of 101.7 with 17.5 acres tillable.  Farm lease is open for 2021 crop year. Lays flat with access from City Lake Road.  Nice homesite; may be able to subdivide.  Utility company has a solar panel (approximately 2‘ square) along street that pays $100.00 yearly lease. Taxes $213.50 (2019 paid 2020). DuQuoin schools.  City water available.

The portable building and farm machinery presently on the property will be removed.

Directions: From the intersection of US Hwy 51 and IL Hwy 154 head south on US 51 for 1.25 miles to Sunfield.  Turn left on City Lake Road.  Follow for ¼ mile and curve left.  Property on the right.

Addendum “A” 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: Part of NW ¼, Section 29, Township 5 South -Range 1 West. Perry County Illinois.

TAX ID: 1-51-0320-081

REAL ESTATE TAXES: $213.50 (2019 paid 2020). Pro-rated to closing date.

SURVEY:  No survey will be provided.

MINERAL: Any mineral owned will transfer, if any. None believed to be owned.

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: Wayne Keller, IL Lic #441.002475