ONLINE AUCTION: Saline County IL 340+- Acres / 6 Tracts / Farm Tillable Income Hunting / 2948A

ONLINE AUCTION: Saline County IL 340+- Acres / 6 Tracts / Tillable / Farm / Income / Hunting

Click Link for a ⇒ 360 Panoramic View ⇐ of the Property 

Bidding Opens Friday, June 7, 2024

Bidding Closes (Soft Close) Thursday, July 18, 2024 @ 8PM CST 

Property Inspection: Saturday, July 6, 9:00 to 11:00 a.m. at buildings on Tract 4

Property Address: 3485 Texas City Road, Eldorado IL 62930

DESCRIPTION

340-Acre Farm with 262 Tillable Acres – 119.9 PI – 40,000 bu Storage – Machine Shed

An excellent grain farm with quality soils.  PI range per tract is 111.1 to 132! Located in Saline County along IL Rt 45 just North of Eldorado IL at Texas City. The farm is partially tiled. Eight years ago 45+- acres of the tiling was replaced (Tract 5). The Farm is on a 3-year soil testing rotation. Click HERE for the soil test results.

This Farm will be offered as 6 tracts with the option to combine tracts starting at 7 pm, however, single tract bids will still be allowed after 7 pm. Online Auction closes Thursday, July 18, 2024 at 8:00 PM CST, subject to 5 minute bid extensions.

Tract 1: 40+- Acres

• 41.8+- ac tillable, 111.1 PI
• TRACT 1 MAPS (FSA, Soil, Topo)

Tract 2: 60+- Acres

• 57.42+- ac tillable, 132 PI
• TRACT 2 MAPS (FSA, Soil, Topo)

Tract 3: 32+- Acres

• 32.19+- ac tillable, 126.5 PI
• 0.06 acres CP33, pays $80 annually until 9/30/2025
• 3000 bu bin w/fan; 5000 bu bin w/fan, heater and stirator
• TRACT 3 MAPS  (FSA, Soil, Topo)

Tract 4: 46.28+- Acres

• 44+- ac tillable, 115.1 PI
• 50 x 70 pole barn
• Shady home site
• Rural water and electric available
• Water well
• TRACT 4 MAPS (FSA, Soil, Topo)

Tract 5: 120+- Acres

• 89.39+- ac tillable, 116.6 PI
• 23+- wooded acres and 5+- acre swamp
• 10,000 bu bin w/fan; 10,000 bu bin w/fan, heater & stirator; 12,000 bu bin w/fan & heater
• North 45+- acres was tiled around 8 years ago.
• There is a hunting lease on this tract - expires 12/31/24
• TRACT 5 MAPS (FSA, Soil, Topo)

Tract 6: 40+- Acres

• All wooded, nice timber stand not harvested recently
• Great hunting tract with trails
• Access along the East side of Tract 4 off Texas City Road via North Fork Road
• There is a hunting lease on this tract - expires 12/31/24
• TRACT 6 MAPS  (FSA, Soil, Topo)

Taxes:  $7,926.44 ($28.61 per acre), 2022 paid 2023 Note: Sale will be based on taxed acres.

DIRECTIONS/ADDRESS: 3485 Texas City Road, Eldorado, IL, 62930 (watch for signs)

• North of Eldorado IL on IL Rt 45. 5.9 miles. Left on Texas City Road.
• North of Harrisburg IL on IL Rt 45. 13.3 miles. Left on Texas City Road.
• South of Norris City IL. 8.7 miles on IL Rt 1 to IL Rt 45 South. Right on Texas City Road.
• South of McLeansboro IL. 19.5 miles on IL Rt 142. Left on Texas City Road.
• SW of New Haven IL. 15.5 miles on IL Rt 140. Left on IL Rt 45. Right on Texas City Road. 

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 July 17th.
• Bidding will be on a PER TRACT basis – Flat Bidding – Not eBay style.
• Minimum bid increments of $1,000, or more, per bid.
• Bidding OPENS FRIDAY, JUNE 7, bidding on single tracts. At 7:00 PM on THURSDAY, JULY 18, bidding will open for combo bids. Individual tract bids will remain open.   
• Bidding will close at 8:00 PM CST on THURSDAY, JULY 18, 2024, subject to bid extensions (Soft Close).

TERMS & 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: No survey will be provided.
• MINERAL: Sellers will retain mineral.  Mineral will revert to surface owner of record upon Seller’s death or the end of production, which ever is later. Mineral is currently leased for 15+- months.
• 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, Title Policy 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 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: Cropland at closing subject to current crop share farm lease. Seller will retain the 2024 crop income. The farm does have a hunting lease until December 31st, 2024. Tennant will retain possession of grain bins until June 1, 2025.
• 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

QUESTIONS? Call or Text Wayne Keller, Auctioneer, 618-407-1679 OR Jamie Keller, Managing Broker, 618-713-7677