ONLINE LAND AUCTION: Williamson and Saline County IL 135+- Acres / Well Maintained Farmland / 4 Tracts (2766A)

ONLINE AUCTION: Williamson & Saline County IL 135+- Acres - 4 Tracts

Bidding Opens Saturday, January 1, 2022

Bidding Closes Friday, January 14, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Don Bailey at 618-919-1031

Property Address: See Tract information below for tract locations.

Bidding Per Acre - Not Per Tract - In $25 Bid Increments

DESCRIPTION

Family Farm has been in same family for many years. Offering in 4 tracts ranging from 20 to 42 acres. Well-maintained farmland.

If you are a first-time land buyer or would like to add some tillable farmland with good income to your portfolio, you will want to investigate these tracts. Tracts could use some tender loving care in surface water drainage. Tract 4 is the only tract that has small amount of projecting brush. Tracts have been in same family for approximately 33  years; they are not land trader tracts or professional land flipper tracts or real-estate agent-owned tracts.

Starting bid on all tracts is $4,000 per acre; that is not reserve price but as a landowner all my life, I, Don Bailey, believe the reserve price is extremely practical.  Sellers are great people; they are not testing the market trying to get a "pie in the sky price". They want to settle their estate.

Land has a history of being a solid investment. The Good Lord is not making any more land. China and a few other places are trying to create more land but that doesn’t seem to be working very well. 😊

If you have any interest in these tracts, interest in other land or simply curious what your land is worth, please feel free to contact me, Don Bailey, Co-owner Buy A Farm Land And Auction Company LLC, Auctioneer/Managing Broker and Licensed Real Estate Agent in 3 States.

CALL (855) GOT DIRT / dbailey@byafarm.com

TRACT 1 - 38+/- ACRES

• Part of Section 13, T8S-R4E, Corinth Twp, Williamson County.
• Approximately 36.72 acres cropland.
• Lays flat with drainage to the south.
• Frontage on Somers Church Road, East of Corinth IL.
• Taxes $291.62.
• Parcel ID 04-13-400-004.

TRACT 2 - 20+/- ACRES

• Part of Section 18, T8S-R5E, Galatia Twp, Saline County.
• Approximately 17.95 acres cropland.
• Lays flat with drainage to the east.
• Frontage on Banklick Road, East of Corinth IL.
• Taxes $284.54.
• Parcel ID 05-1-080-06.

TRACT 3 - 35+/- ACRES

• Part of Section 19, T8S-R5E, Brushy Twp, Saline County.
• Approximately 33.62 acres cropland.
• Lays flat; drains to the south.
• Access from Banklick Road, East of Corinth IL.
• Taxes $550.88.
• Parcel ID 01-1-002-04 & 01-1-002-03.

TRACT 4 - 42+/- ACRES

• Part of Section 3, T10S-R3E, Creal Springs Twp, Williamson County. 
• Approximately 33.4 tillable acres.
• Access from Route 166, NW of Creal Springs IL.
• Taxes: $579.14.
• Parcel ID 11-03-200-006.
• Highly productive soil types.

Bidding Per Acre - Not Per Tract - In $25 Bid Increments

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Bidding Per Acre - Not Per Tract - In $25 Bid Increments

PROCEDURE: Property is offered as 4 tracts.

SHORT LEGAL:

• Tract 1: Part of Section 13, T8S-R4E, Corinth Twp, Williamson County.
• Tract 2: Part of Section 18, T8S-R5E, Galatia Twp, Saline County.
• Tract 3: Part of Section 19, T8S-R5E, Brushy Twp, Saline County.
• Tract 4: Part of Section 3, T10S-R3E, Creal Springs Twp, Williamson County.

REAL ESTATE TAXES AND TAX ID: Taxes pro-rated to closing date.

• Tract 1: Taxes $291.62. Parcel ID 04-13-400-004.
• Tract 2: Taxes $284.54. Parcel ID 05-1-080-06.
• Tract 3: Taxes $550.88. Parcel ID 01-1-002-04 & 01-1-002-03.
• Tract 4: Taxes: $579.14. Parcel ID 11-03-200-006.

SURVEY: No survey.

MINERAL: Any mineral owned will transfer.

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 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 will be given at closing subject to farm rental agreement for 2021.

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