ONLINE REAL ESTATE AUCTION: Fayette County IL 18.82+- Acres / 1 Tract (2623A)

ONLINE AUCTION: Fayette County IL 18.82+- Acres

Bidding Closes Friday, October 30, 2020 at 8:00 p.m. CST

Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 or dbailey@buyafarm.com

Location: E 725 Ave North / North 200 St, near Pittsburg IL

Description

All wooded tracts like this do not come on the market often so if you are looking for a tract to build or simply own for the future, you might want to bid on this tract. Hunting area is good; a great place to go and have some privacy. Located on a good road close to Carlyle Lake State Fish and Wildlife Area. Muddy Creek ditch runs through the property. Nice home sites. Located in Kaskaskia Twp.

• Parcel #17-29-400-008
• Taxes: $120
• Section 29, T5N-R1W
• Whitetail and turkey hunting
• Development potential
• Marketable timber

Addendum “A” Terms and Conditions

NO BUYER'S PREMIUM

BIDDING IS ON A PER TRACT / LOT BASIS (REQUIRES $1,000 MINIMUM TO RAISE BID)

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

Sale is subject to the confirmation of the Sellers.

PROCEDURE: Property is offered as 1 tract, no divisions.

SHORT LEGAL: Section 29, T5N-R1W

TAX ID: #17-29-400-008

REAL ESTATE TAXES: $120. Prorated to closing date.

SURVEY:  No Survey

MINERAL: Any mineral owned will transfer, if any. None believed to be owned.

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

AUCTIONEER: Don Bailey, IL Lic #441.002325