ONLINE REAL ESTATE AUCTION: Fayette County IL 40+- Acres (2568A)

ONLINE AUCTION: Fayette County IL 40+- Acres

Bidding Closes Thursday, July 9, 2020 at 8:00 p.m. CST

Property Inspection: Saturday, June 27, 1 to 4 p.m.

Location: Between Coffeen and Vandalia IL off IL Route 185

Description

40 wooded acres in Fayette County IL between Coffeen and Vandalia off IL Route 185. Pond, cabin (mobile home) and storage building. Great weekend place or site for a new home. Great place to chase Whitetail, turkey and other small game.

• Short Legal: NW 1/4, NE 1/4, Section 19, Township 7 North - Range 1 West
• Tax parcel # 16-09-200-001
• Taxes: $524.96 (2018 paid 2019)
• Directions:
• From Vandalia IL:  7.7 miles NW on IL Rt 185. Right (north) on CR 100E 1.25 miles. Left (west) on E 2100 Ave. ¼ mile to property on left.
• From Coffeen IL: 9.5 miles SE on IL Rt 185. Left (north) on CR 100E 1.25 miles. Left (west) on E 2100 Ave. ¼ mile to property on left.

Auction Terms and Conditions

No Buyer's Premium.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers.

PROCEDURE: Property is offered in its entirety.

2018 REAL ESTATE TAXES: $524.96 (2018 paid 2019). Taxes will be prorated to closing date.

SHORT LEGAL: NW 1/4, NE 1/4, Section 19, Township 7 North - Range 1 West

SURVEY: Property will not be surveyed.

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 tile 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 Title Insurance premium, 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 applicable closing documents are completed. Seller shall pay for recording release from the mortgage. Buyer shall pay for recording the deed of conveyance from Seller and 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.

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 10 minutes will extend the auction bidding another 10 minutes. This will continue until there are no more bids.

AUCTIONEER: Wayne Keller, IL Lic #441.002475