ONLINE LAND AUCTION: Jefferson County IL 391+- Acres / 8 Tracts (2632A)

ONLINE AUCTION: Jefferson County IL 391+- Acres / 8 Tracts

Bidding Closes Friday, November 20, 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: SW of Waltonville IL

Property Description

8 tracts ranging from 20 to 120 acres. Some large tracts of good tillable land. Quite a few acres enrolled in CRP paying an average of $98 per acre. CRP contracts expire in different years. No buildings. Farm has been in McKay Family for many, many years. There is something for everyone as they say in this land auction!

• Parcel #13 22 300 03 / 13 14 000 06 / 13 15 400 002 / 13 27 100 004 / 13 22 300 001
• Taxes: Average of $7.41 per acre
• Sections 14-15-22-27, T4S-R1E, Bald Hill Twp

Tract Descriptions

Tract #1: 40+- Acres (Part of Section 15, T4S-R1E)

Approximately 27.2 acres cropland / 25.6 enrolled in CRP / 12.8 acres timberland. Tract lays rolling to gently rolling. Access via an easement from North Scroll Lane.

Tract #2: 40+- Acres (Part of Section 15, T4S-R1E)

Approximately 23.7 acres cropland / 22.7 enrolled in CRP / 16.3 acres timberland. Tract lays rolling to gently rolling. Access via an easement from North Scroll Lane.

Tract #3: 20+- Acres (Part of Section 14, T4S-R1E)

Approximately 2.93 acres cropland / 2.93 enrolled in CRP / 17.7 acres timberland. Tract lays rolling to gently rolling. Access via an easement from North Mill Springs Lane.

Tract #4: 56+- Acres (Part of Section 14, T4S-R1E)

Approximately 49.6 acres cropland / 18.3 enrolled in CRP / 6.4 acres timberland. Tract lays rolling to gently rolling. Access via an easement from North Scroll Lane.

Tract #5: 20+- Acres (Part of Section 21, T4S-R1E)

Approximately 6.5 acres cropland / 6.5 enrolled in CRP / 13.5 acres timberland. Tract lays rolling to gently rolling. Frontage on North Jackson Hole Lane.

Tract #6: 40+- Acres (Part of Section 21, T4S-R1E)

Approximately 23.45 acres cropland / 5.4 enrolled in CRP / 16.55 acres timberland. Tract lays rolling to gently rolling. Frontage on East Flagg Road and North Jackson Hole Lane.

Tract #7: 55+- Acres (Part of Section 22, T4S-R1E)

Approximately 35.46 acres cropland / 9.43 enrolled in CRP / 19.54 acres timberland. Tract lays rolling to gently rolling. Frontage on East Flagg Road.

Tract #8: 120+- Acres (Part of Section 22 and 27, T4S-R1E)

Approximately 102.9 acres cropland / 13.47 enrolled in CRP / 17.1 acres timberland. Tract lays flat to gently rolling. Access via easement from North Flagg Road.

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 per tract / lot. Bidding on multi tracts allowed, no combinations.

SHORT LEGAL: Sections 14-14-22-27, T4S-R1E, Bald Hill Twp

TAX ID: 13 22 300 03 / 13 14 000 06 / 13 15 400 002 / 13 27 100 004 / 13 22 300 001

REAL ESTATE TAXES: Average of $7.41 per acre. Prorated to closing date.

SURVEY: No survey.

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, 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