ONLINE AUCTION: St. Clair County IL 204+- Acres / 2 Tracts / Tillable Farm Income / 2871A

ONLINE AUCTION: St. Clair County IL 204+- Acres Offered in 2 Tracts

Bidding Opens Thursday, February 23, 2023

Bidding Closes Thursday, March 2, 2023 at 8:00 PM CST

Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 for more information or an appointment.

Property Address: (Tract 1) 11800 Renth Road, New Baden IL 62265 & (Tract 2) 11700 Fuesser Road, Mascoutah IL 62258

204+- acres will be offered in 2 tracts, multipar bidding allowed for a combination of any or all tracts, bidding will be per acre x acres. $5 per acre bid increments.

All potential bidders must register before auction, preferably two weeks ahead of March 2, 2023. All potential bidders must personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait the last minute to register, may stand a chance not being able to bid.

• Separate tract bidding will be allowed when bidding opens.
• Multi-par / combination of tracts will be allowed at 7pm, the last hour of close of auction.

PLEASE NOTE: In the Useful Documents section below is an auction sales contract that you will be required to sign. Please review it prior to bidding.

DESCRIPTION

• Section 24, T1N-R6W
• Taxes: $6,020
• Click HERE for Fall Applied Expenses for both Tracts

Multi-Par Auction - Two Tracts and/or Combination of Tracts

• Tract 1: 93.60+- acres with 86.89+- tillable, tiled.
• Tract 2: 110.87+- total acres with 103.93+- tillable with grain storage, tiled.
• Total Tracts 1 & 2 = 204.47+- acres with 190.87+- tillable acres, remarkably well-maintained Farm.
• Farms like this are not offered for sale very often, very well may be the only opportunity to own these farmland tracts or buy farmland tracts of this quality in your or your heirs’ lifetime.
• Drainage tile installed.
• Production productivity index 129.2
• Tract 2: Onsite approximately 36,400-bushel grain storage dryers and Stir-Ators 3-phase electric.
• Yield reports for last 9 years, soil tested every 4 years, limestone applied 2022 specific acres.
• Survey of entire property is being conducted.
• Possession at closing including right to farm for 2023.
• Some fertilizer and chemicals have been commercially applied in preparation for 2023 cropping season. Detailed report will be available. Seller shall be reimbursed for these documented expenses.

Grain Storage located on Tract 2 Approximate Bushels

• #1 bin 24' x 19' - 7,000 bu fan / spreader
• #2 bin 24' x 24' - 8,700 bu / dryer and stir-later/ two down augers / spreader
• #3 bin 24' x 24' - 8,700 bu / dryer and stir-later / two down augers/ spreader
• #4 bin 30' x 24' - 12,000 bu / 3 down augers / insider bin sweep/ installed 2017 by Wedekempers / dryer / spreader
• Condition of grain storage: good to excellent per past appraisal report
• Grain Storage is 3 phase! / 1,000-gal LP tank

I, Don Bailey, am an “old school 3-generation farmer”. I retired from farming and helped start BUY A FARM some 18 years ago. I not interested in “blowing smoke” at my clients and customers. I am dedicated to supply facts that are presented to me.  Your questions are extremely important to me. If I don’t know the answers, I pledge to not make up an answer but to research and give you the most honest and verified answer available. Don Bailey 618-919-1031 direct phone, email: dbailey@buyafarm.com.

TERMS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 2 TRACTS. $5 BID INCREMENTS.

PROCEDURE: Property offered in 2 tracts or combination.

SURVEY: Survey of entire property is being conducted.

MINERAL: Seller to convey all.

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 wire transfer and received within 3 business days. 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. 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 at closing including 2023 farming rights to farm for 2023 crop season.

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: Donald Bailey, IL Lic #441.002325