ABSOLUTE ONLINE AUCTION: Randolph County IL 2+- Acres / NO RESERVE / 2760A

ONLINE AUCTION: Randolph County IL 2+- Acres - 2 Tracts

ABSOLUTE AUCTION! NO RESERVE!

Bidding Closes Thursday, December 2, 2021 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Managing Broker Jamie Keller at 618-713-7677 or jkeller@buyafarm.com

Property Address: 1003 County Road 5, Rockwood IL 62280 (Tract 1) and Along Route 3, Rockwood IL 62280 (Tract 2)

DESCRIPTION - TRACT 1

Home or hunting cabin??  Older home on 0.93+/- acres in Rockwood IL. 2-bed/1-bath 1,160 sq ft frame home with partial basement and 1 car detached garage.  Several outbuildings on the property.  Gorham municipal water.  Internet service.   Property is in the floodplain.  Subject to easement to favor adjoining property. Chester schools.  Taxes $573 (2019).

Tract 1 lies about ¼ mile north of the intersection of IL Hwy 3 and County Road 5, Rockwood IL, Randolph County.

• Parcel #04-056-013-50
• Section 7, T7-8S-R6-5W
• Living Room 26x11
• Kitchen 19 x 13
• Bedroom 12 x 13
• Bedroom 11 x 13
• Bath 6 x 7
• Partial basement - does get wet

DESCRIPTION - TRACT 2

Six Rockwood IL city lots on approximately 0.98+/- acres on the south side of IL Rt 3.  Property is in the floodplain.  Taxes $110 (2019).

Tract 2 lies south of IL Hwy 3 just southeast of the intersection of IL Hwy 3 and County Road 5, Rockwood IL  Randolph County.

• Parcel #04-063-001-00 & 04-063-007-00
• Section 18, T7-8S-R6-5W

TERMS AND CONDITIONS

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

NO BUYERS PREMIUM!

PROCEDURE: Bidding will be by total dollar. $500 minimum bid increments for Tract 1 (house) and $100 for Tract 2.

SPECIAL TERMS:  Tract 1 subject to easement to favor adjoining tract.

SURVEY:  No survey will be provided.

MINERAL: Any 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 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.

AUCTIONEER: Wayne Keller, IL Lic #441.002475.