ONLINE AUCTION: Monroe County IL 181+- Acres / Hunting Recreational Wooded Mississippi River / 2793A

ONLINE AUCTION: Monroe County IL 181+- Acres - 1 Tract

Bidding Closes Wednesday, April 27, 2022  at 8:00 p.m. CST

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

Property Address: Stringtown Road & Levee Road, Near Prairie du Rocher IL

DESCRIPTION:

• 180.8 acres (per tax bills) wooded along the Mississippi River in Monroe County IL near Prairie Du Rocher with frontage on Stringtown Road, Levee Road and the Mississippi River.
• Hunting/Recreational property located approximately 20 miles / 28 minutes South of Waterloo IL.
• Along levee Road is a 30’ x 60’(+-) Quonset building with a concrete floor and electric service.
• Many trails and food-plots throughout the property.
• This tract (44.4 acres) has $6005 yearly income from CP9 and CP23 FSA programs until fall of 2022.  Seller will re-sign into the program for another term before closing (see Contracts and Maps in Useful Documents below).
• Taxes: $4.40 per acre (2020 paid 2021)
• Short Legal: Pt. of Sections 4, 8 and 9 in Township 5 South -Range 10 West, Monroe County IL

BID PROCEDURE: Bidding Per Acre - $10 Per Acre Bid Increments.
Note: Acres based on tax bill acres. No survey will be provided or adjustments made to price.

TERMS:

NO BUYER'S PREMIUM.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

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. Have your financing verified before you bid.

BID PROCEDURE: Bidding Per Acre - $10 Per Acre Bid Increments. Note: Acres based on tax bill acres. No survey will be provided or adjustments made to price.

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: No survey will be provided.

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.

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 30 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: Possession will be given 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".

AUCTIONEER: Wayne Keller, Auctioneer IL Lic #441.002475; Managing Broker IL Lic #471.002958.