ONLINE AUCTION: Franklin County IL 76+- Acres / Farmstead Income Cropland Hunting / 2767A

ONLINE AUCTION: Franklin County IL 76+- Acres - 2 Tracts

Bidding Closes Thursday, February 24, 2022 at 8:00 p.m. CST

Property Inspection: Saturday, January 22, 2022 10 a.m. to 2 p.m.

Property Address: 11474 Ward Road, Mulkeytown IL 62865

DESCRIPTION

This two generation farm is being offered on auction in two tracts.

Tract One - 13 Acres: House, Barn, Outbuildings and Pond

Tract Two - 63.14 Acres: Farmland

Tract One consists of 13 surveyed acres including the home, outbuildings, barn and pond.  The two-bedroom, one-bath ranch-style home with large country kitchen has full basement. Living area consists of 1150 square feet.  New roof in 2019. Home has central air and gas furnace with 500 gallon propane tank that is owned and full. There is a spacious two-car detached garage.  Termite inspection is transferable. Basement walls had been repaired and there is a transferable warranty. A back patio overlooks the fields and picturesque pond that is stocked and surrounded by trees and benches; a beautiful park-like setting to spend quiet summer evenings. This is a perfect small farm home place with so many options for country living.  There is enough land to raise a few head of horses and other livestock. There is a smaller outbuilding used to raise pigeons that can be easily converted for chickens.  The 50 x 60 ft. pole barn with electricity is in excellent condition and was used for livestock, storing hay, equipment and workshop area.  A portion of this 13 acres is currently being farmed and can be continued to be farmed, adding some additional income. It is rare to find small acreage country homesteads, especially with all that this one has to offer.

Tract Two has 63.14 surveyed acres+- tillable land (there are some fence rows and waterway that slightly decrease actual tillable acreage).  The farmland is currently being farmed thru 2022.  Farm operator has farmed this land for many years and is willing to continue farming for new owner if wished to do so.  Cash rent paid to land owner(s) is currently $140 per acre for 2022 and will be paid to new owner(s).

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Bidding Per Tract - Not Per Acre - In $1,000 Bid Increments

NOTE: Your bidding is not contingent upon financing or inspections. Buyer’s due diligence - Any and all inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale.

PROCEDURE: Property is offered in 2 tracts.

SHORT LEGAL: Section 4, T6S-R1E.

REAL ESTATE TAXES AND TAX ID: $846.02 (2020). Taxes pro-rated to closing date. Parcel ID #06-04-400-001.

SURVEY: See survey in Useful Documents section below.

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 60 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 farmland is leased through the 2022 season.

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: Mark Kennedy, IL Lic #440000202.