Red Bud IL Home on 26 Acres

Buy A Farm Land & Auction Co

 

Date(s) 7/8/2021 - 8/13/2021

On Line only Closes August 12, 2021 8:00 PM CST

Past Auction
Online-Only Auction
Bidding Notice:

For more information call Managing Broker Jamie Keller 618-713-7677 Licensed in Missouri and Illinois

Auction Notice:

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.

Auction Information
Name Red Bud IL Home on 26 Acres
Auctioneer
Type Online-Only Auction
Date(s) 7/8/2021 - 8/13/2021
Auction Date/Time Info
On Line only Closes August 12, 2021 8:00 PM CST
Preview Date/Time Sunday July 25th 2021 1:00 PM to 4:00 PM CST Or by Appointment
Checkout Date/Time August 13, 2021 by 8:00 PM
Location
Buyer Premium No Buyer's Premium
Description
Great Place to Live!! 26 +/- Acres that includes a 3 bedroom brick home with attached 1 car garage. Wood burning fireplace, full basement, laundry on main floor. Outbuildings include 62X28, 15X26 and 8X10 sheds. 14.6 Acres tillable with crop income. Good hunting adjoining ILDNR land to the east in the Kaskaskia basin. Private well. Located on quiet dead end road. Red Bud School District. Taxes $1019 (2019). Directions From Red Bud: Take IL Hwy 154 east 5 miles to left onto Griggs Rd. Follow Griggs 1.4 miles to right on Mehring Rd. Property will be on the right in 1 mile.
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 6, T4S-R7W. TAX ID: 09-007-009-00, 09-007-003-00, and 09-007-013-00 REAL ESTATE TAXES: $1019.82 (2019 payable 2020). Pro-rated to closing date. SURVEY: No survey provided. 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 subject to the 2021 farm lease. Seller will retain 2021 crop lease income. 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, IL Lic #441.002475. LISTING AGENT; Jamie Keller, Managing Broker
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium No Buyer's Premium
Payment Terms
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 wire transfer, personal check, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land and Auction Company Trust Account. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. This is a cash sale auction. Be sure to have financing arranged in advance.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.