ONLINE LAND AUCTION: Washington County IL 100+- Acres / 1 Tract (2644A)

ONLINE AUCTION: Washington County IL 100+- Acres - 1 Tract

Bidding Closes Thursday, February 11, 2021 at 8:00 p.m. CST

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

Property Address: DuBois IL

DESCRIPTION

100-acre mix of cropland and wooded 8+- miles SE of Nashville IL, as the crow flies.  53+- acres of cropland with a PI of 98.3, some smaller creek bottom fields.  There are oil wells and a tank set on the property, but no mineral rights. Scattered woods, field lines, food source and the creek make for excellent whitetail hunting.

Short Legal: Part of Section 13, Township 3 South -Range 2 West, Washington County Illinois.

Taxes: $5,145.44 (2019 payable 2020). Parcel ID#’s 03-18-13-400-001 and 03-18-13-200-003. The taxes will be reduced as owner has cleared more cropland so 51% is tillable eliminating the recreational tax rate and qualifying the property for the agricultural rate.

Note from Auctioneer…I spoke with the Washington County Assessor.  She told me the tax basis has now changed from “recreational” to “farmland” and estimates the 2000 taxes payable in 2021 will be reduced from $51.45 per acre to an estimated $16 to $18 per acre.

TERMS AND CONDITIONS

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

NO BUYERS PREMIUM!

Sale is subject to the confirmation of the Sellers.

PROCEDURE: Property is offered as a whole, no divisions. Bidding will be by total dollar. $1000 minimum bid increments.

SURVEY:  No survey will be provided. Acreage based on last available Tax Bill.

MINERAL: No 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, if any. 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.

SELLER: J. Nelson Wood

AUCTIONEER: Wayne Keller, IL Lic #441.002475