Washington County IL 100 Acres

Buy A Farm Land & Auction Co

 

Date(s) 12/31/2020 - 2/11/2021

Internet - only closes Thursday February 11, 2021 8:00 PM CST

Past Auction
Online-Only Auction
Bidding Notice:

Call Auctioneer Wayne Keller if you have questions. cell: 618-407-1679 IL Lic # 441.002475

Auction Notice:

Note from Auctioneer… I spoke with the Washington County Assessor. She told me the tax basis has now changed from "recreational" to "farmland" and estimates the 2000 taxes payable in 2001 will be reduced from $51.45 per acre to an estimated $16 to $18 per acre. ** No mineral or mineral income or lease income included.

Auction Information
Name Washington County IL 100 Acres
Auctioneer
Type Online-Only Auction
Date(s) 12/31/2020 - 2/11/2021
Auction Date/Time Info
Internet - only closes Thursday February 11, 2021 8:00 PM CST
Preview Date/Time By Appointment
Checkout Date/Time February 12, 2021 before 5:00 PM CST
Location
Buyer Premium No Buyer's Premium
Description
100 acre mix of cropland and wooded 8+- mile SE of Nashville IL, as the crow flies. 53+- acres of cropland with a PI of 98.3, some smaller creek bottom fields. There are oil wells and a tank set on the property, but no mineral rights. Scattered woods, field lines, food source and the creek make for excellent whitetail hunting. SHORT LEGAL - Part of Section 13, Township 3 South -Range 2 West, Washington County Illinois. Taxes - $5145.44 (2019 payable 2020) Parcel ID#'s 03-18-13-400-001 and 03-18-13-200-003 The taxes will be reduced as owner has cleared more cropland so 51% is tillable eliminating the recreational tax rate and qualifying the property for the agricultural rate.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. NO BUYERS PREMIUM! Sale is subject to the confirmation of the Sellers. PROCEDURE: Property is offered as a whole, no divisions. Bidding will be by per acre. $1000 minimum bid increments. SURVEY: No survey will be provided. Acreage based on last available Tax Bill. 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 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, if any. 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: Wayne Keller, IL Lic #441.002475
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.