ONLINE AUCTION: Hamilton County IL 260+- Acres / 3 Tracts / Cropland CRP Hunting Income / 2982A

AUCTION REVISED: Auction is now 3 Tracts instead of 2.

Bidding Starts Friday, December 20, 2024 and Closes (Soft Close) Thursday, January 16, 2025 at 8pm CST

Property Inspection: By Appointment Only - Contact Auctioneer Wayne Keller - 618-407-1679

Property Address: 6590 County Road 400N, Broughton IL 62817

DESCRIPTION

A great hunting farm with 100+- acres cropland in Hamilton County IL just SW of McLeansboro IL.  Property will be offered as 3 tracts with the option to combine the tracts in the last hour of the auction. Property is selling per acre.  Survey will be after the auction and final settlement price will be adjusted to match surveyed acres upon completion of the survey. Parts of the property has been logged in the past few years.

• 42.40 acres CRP pays $5,267 yearly
• 135.1 acres cropland and CRP
• Cropland is leased for the 2025 crop year.
• Rural water and electric are available.
• Excellent hunting farm
• Shown by appointment ONLY

TRACT 1 - 132+- ACRES

132+- acres North of County Road 400 N.  46+- acres cropland and  4+-acres CRP. CRP contracts expire 9/30/2026 and pay $5227 yearly. Cropland is leased for the 2025 crop year. Minimum opening bid $132,000. Bid increments of $20 per acre, or more, per bid.

• CRP CONTRACTS T1
  

• TRACT 1 MAPS (FSA, TOPO, SOIL)

+23

TRACT 1 - 132+- ACRES

TRACT 2 - 44+- ACRES

44+- acres South of County Road 400 N.  Wooded with trails throughout and a campsite with a shelter.  Electric and rural water on site with camper hookup. Great whitetail patch. Minimum opening bid $44,000. Bid increments of $20 per acre, or more, per bid.

TRACT 2 MAPS (FSA, TOPO, SOIL)

+15

TRACT 2 - 44+- ACRES

TRACT 3 - 75+- ACRES

75+- acres South of County Road 400 N.  50+- acres cropland. The balance is wooded.  Cropland is leased for the 2025 crop year. Minimum opening bid $75,000. Bid increments of $20 per acre, or more, per bid.

TRACT 3 MAPS (FSA, TOPO, SOIL)

+14

TRACT 3 - 75+- ACRES

All potential bidders must register before auction. All potential bidders must personally call Auctioneer Wayne Keller at 618-407-1679 or e-mail at wkeller@buyafarm.com. In the past bidders that wait the last minute to register, may stand a chance not being able to bid.

PROCEDURE:

• Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions. Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion.
• Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements by January 17th.
• Bidding will be on a per tract basis – Flat Bidding – Not eBay style.
• Minimum opening bid $1000 per acre. Bid increments of $20 per acre, or more, per bid.
• BIDDING opens Friday, December 20, and will be available until 8:00 PM CST THURSDAY, January 18, 2025, subject to bid extensions (Soft Close).

TERMS AND CONDITIONS

• NO BUYER'S PREMIUM.
• SALE SUBJECT TO CONFIRMATION OF SELLER(S).
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• REAL ESTATE TAXES: Pro-rated to day of closing.
• SURVEY: Seller will pay 50% of survey cost and Buyer(s) will pay 50% on a per acre based on acres purchased.
• MINERAL: Any mineral 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. Any stop payment order of a check or giving a check which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.
• TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Policy and a 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 and Seller.
• CLOSING: Closing shall occur within 45 days or as soon thereafter as survey and 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: Subject to 2025 Cash Farm Lease.
• AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller.
• 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 made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".
• AUCTIONEER: Wayne Keller, IL Lic #441.002475; 618-407-1679