ONLINE AUCTION: Jefferson County IL 166+- Acres / Home Hunting Cropland CRP Timber Income / 2879A

ONLINE AUCTION: Jefferson County IL 166+- Acres / Home Hunting Cropland CRP Timber Income

Bidding Starts Thursday, March 16, 2023

Bidding Closes Tuesday, April 25, 2023 at 8PM CST

Property Inspection: Saturday, April 1, from 10AM to 3PM OR By Appointment Only - Contact Managing Broker Jamie Keller - 618-713-7677

Property Address: 12280 East Night Road, Dix IL 62830

Fly Over View of Property Video

DESCRIPTION

166+/- Acres Jefferson County IL.  You need to look at this one; it has everything you could want and then some!  A brick home with 2  sunrooms, 2 ponds and 2 nice sheds. There is a nice deck to watch the large flock of turkeys stalk through the yard with whitetails sighted daily!  The home and sheds are back up against a wooded area with open fields out front.  The setting is private and it is a great hunting farm!  44.5 acres cropland, 19 acres CRP, balance nice timber.  Field and Mt. Vernon schools.  Taxes $4,920 (2021).

The farm is offered as 3 separate tracts with the opportunity to combine tracts.

Tract #1: 20+- Acres
 Very nice 3-bed, 3-bath brick home with 2sunrooms, 2 ponds and 2 nice sheds. Kitchen on main floor has been completely remodeled but barely used.  Finished basement with second complete kitchen and large family/dining room with wood burning stove plus a room that could be used as bedroom (lacks egress). Note:  A 40’ wide easement will be created from the lane East on the old roadbed between Tracts 1 and 3 for access to Tract 2, if necessary.

• Walk Around Tour of the Home
• Floor Plans of Home
• Home Data Sheet
• Whole house outdoor wood burner
• 40 x 95 pole barn w/24 x 40 heated and insulated, floor heat via outside wood stove
• 24 x 60 shed w/ roll-up doors and walk-in cooler for processing your deer and turkey harvests
• 12 x 17 livestock shed
• 2 ponds
• 5 acres cropland, balance timber and farmstead

Tract #2: 63.5+- Acres
20.82 acres of CRP paying $1978 ($95 per acre) until October 2030. CRP income will be pro-rated to day of closing by FSA at time of payment.  Balance is wooded with very little undergrowth.  The timber has not been cut recently. Note:  A 40’ wide easement will be created from the lane East on the old roadbed between Tracts 1 and 3 for access to Tract 2, if necessary.

Tract #3: 82.5+-  Acres
44.5 acres cropland currently under a cash lease agreement until December 30, 2026. Crop income will be prorated to day of closing, at closing. Balance is wooded with very little undergrowth.  The timber has not been cut recently. Note:  A 40’ wide easement will be created from the lane East on the old roadbed between Tracts 1 and 3 for access to Tract 2, if necessary.

Directions: From Dix IL go North on IL Hwy 37 one mile.  Right on Co Rd 2250 N/Eisenhower Drive.  One mile turn left onto Co Rd 1200 E/N Poppy Lane.  In ½ mile turn right on Co Rd 2300 N/E Night Road.  Property in ¼ mile.

AGENT REMARKS

Doma Title Company will hold escrow funds.  Listing agent has made attempt to offer accurate data, but is subject to verification by all parties relying on it.

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.
• Bidding: 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 April 24^th.
• FLAT BIDDING: THE BID YOU MAKE WILL BE IMMEDIATELY POSTED. THIS IS NOT A MAX BID/EBAY-STYLE AUCTION.
• The farm will be offered as 3 separate tracts, Online only.
• Individual tract bidding begins Thursday, March 16, 2023 and will be available until 8:00 PM CST Tuesday, April 25, 2023, subject to bid extensions (Soft Close).
• Combination tract bidding opens at 7:00 PM CST, Tuesday, April 25^th.
• Bidding will be on a per tract basis with a minimum opening bid of $100,000 per tract, and thereafter minimum bids of $1000 per tract.

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: None

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, 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 company's closing fee will be split equally by Buyer and Seller. Title Insurance will be provided by DOMA, Mt. Vernon IL.

CLOSING: Closing shall occur within 90 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 subject to the CRP contract ending in October 2030 (Tract #2) and the current farm lease ending in December 2026 (Tracts #1 and #3).  The 2023 CRP income will be pro-rated to day of closing, by FSA at time of payment. The 2023 farm lease income will be pro-rated to day of closing, at closing.

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".

BROKER: Jamie Keller, Managing Broker, 618-713-7677

AUCTIONEER: Wayne Keller, IL Lic #441.002475; 618-407-1679