ONLINE LAND AUCTION: Cape Girardeau County MO 285.08+- Acres / 4 Tracts (MO72A)

ONLINE AUCTION: Cape Girardeau County MO 285.08+- Acres - 4 Tracts

Bidding Opens Thursday, November 5, 2020 at 6:00 a.m. CST AND Closes Thursday, November 12, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment - Call Auctioneer/Broker Wayne Keller at 618-407-1679

Property Address: 842 C0 Road 401, Friedheim MO (Just off the Old Appleton Exit off I-55 between Cape Girardeau and Perryville MO)

Description

285.08 acres just off the Old Appleton Exit off I-55 between Cape Girardeau and Perryville MO.  177+- Cropland acres and 21.12 CRP acres which pays $125.85 per acre.  Good quality soils, predominately Mefro soils.  Seller reports 52 BPA Soybean yields over the last 3 years. Property will be offered in 4 tracts, no combinations and no Buyer’s premium.  Possession upon completion of fall 2020 harvest. The 2020 real estate taxes average $2.24 per acre.

Tract #1 - 47.62+- Acres

47.62+- acres with 35.2+- tillable and 5.27 acres CRP.  Balance wooded.  Access via a 40’ easement off KK Road.

Tract #2 - 152.97+- Acres

152.97+- acres with 93+- tillable and 7.35 acres CRP. Balance wooded. Frontage on PCR 401 on West side.  Numerous building sites.

Tract #3 - 9.79+- Acres

9.79+- acres with 3.8 acres tillable and .5+- acres of CRP.  Balance wooded. Possible building site.  Frontage on PCR 401 on North and East.

Tract #4 - 74.7+- Acres

74.7+- acres with 45.93 tillable and 8 acres of CRP.  Balance wooded. Access via a 20’ wide easement off PCR 401.

Addendum “A” Terms and Conditions

No Buyer's Premium

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers.

BIDDING IS ON A PER ACRE BASIS. WE WILL TAKE THE FINAL BID X ACRES OF PARCEL.

PROCEDURE: Property is offered as 4 separate tracts and no combinations.

2019 REAL ESTATE TAXES: 2020 taxes are $644.53 and will be prorated to closing date.

SHORT LEGAL: Tax ID #'s 01430001000100900000, 043000100010000000, 051000600003020000 all in Section 1, Tsp 33N - Range 11E and Section 6, Tsp 33N - Range 12E, Cape Girardeau County Missouri.

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, within 45 days of auction.

SELLER’S EXPENSES:  Seller agrees to pay: all costs and expenses for releasing any existing loans and/or recording releases thereof; 50% of the closing fee charged by closing agent; the cost of any owner’s title search; the cost for the preparation of deed and Real Estate Transfer Declaration (P-Tax 203) by credit against the purchase price, the 2020 real estate taxes as pro-rated up to and through closing as hereinafter provided; all transfer taxes; the cost of recording any mortgage or lien releases as to the Property.

BUYER’S EXPENSES: Buyer agrees to pay: all expenses incident to any Buyer loan (including but not limited to, points, loan commitment fees, loan closing fees, preparation of note, mortgage, and other loan documents, recording fees, title examinations, title insurance policy premium, mortgage title insurance policy premium, pre-payable interest, credit reports); 50% of the closing fee charged by closing agent; the cost of any copies of documents pertaining to restriction, easements, or conditions affecting the Property;  the cost of recording the deed from Seller to Buyer.

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 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.

Auctioneer Wayne Keller