ONLINE REAL ESTATE AUCTION: Jackson County IL 10+- Acres / Home Barn Pond / 1 Tract (2712A)

ONLINE REAL ESTATE AUCTION: Jackson County IL 10+- Acres / 1 Tract

Bidding will close Thursday, July 15, 2021 at 8:00 p.m. CST.

Property Inspection: Saturday, June 26, 10 a.m. to 2 p.m. OR By Appointment - Call Auctioneer Mark Kennedy at 618-924-1747

Property Address: 5121 Chautauqua Road, Murphysboro IL 62966

Please Note: Bidding is total dollars on the tract, not by the acre, in $1,000 bid increments.

DESCRIPTION

Home has 3 bedrooms, 1 bath and 1424 sf plus basement. Fireplace (opens in living room and kitchen) built from stones on the property and travels. A metal roof (standing seam) was installed in 2010. 470' of frontage on Chautauqua Road. There is a barn and shed (not in good shape) on property and pond.

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

Please Note: Bidding is total dollars on the tract, not by the acre, in $1,000 bid increments.

PROCEDURE: Property is offered in 1 tract.

SHORT LEGAL: Section 26, T9S-R2W.

TAX ID: Part of 14-26-100-021.

REAL ESTATE TAXES: $2,033 (included other land). Pro-rated to closing date.

MINERAL: All 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.

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: Mark Kennedy, IL Lic #440000202.