Richard A. Olson & Associates, Inc
Date(s) 11/1/2024 - 12/7/2024
Saturday, December 7, 2024 @ 10:00 AM
Past Auction
Shipping Not Available
Bidding Notice:
Live (in-person) and Online (webcast) bidding available. A 0.1% Buyers Premium applies to ONLINE bidders only. Final sale is subject to the Seller’s approval or rejection.
Auction Information
| Name | Farm Land Auction - 74 AC, Nettle Creek Twp, Grundy Co IL |
|---|---|
| Auctioneer |
Richard A. Olson & Associates, Inc
|
| Type | Live Webcast Auction |
| Date(s) | 11/1/2024 - 12/7/2024 |
| Auction Date/Time Info |
Saturday, December 7, 2024 @ 10:00 AM
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| Location |
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| Buyer Premium | 0.1% Buyer's Premium |
| Description |
74± AC Farmland – 142 PI -- W1/2 of the SE1/4 of Section 31 – Nettle Creek Twp – Grundy County, IL
Saturday, December 7, 2024 @ 10:00 AM.
Auction Address: Jennifer’s Garden, 555 Gore Rd, Morris, IL 60450.
Property Approximate Location: 8495 Marseilles Rd, Morris, IL 60450.
Property Directions: 1.5 mi West of the US-6/Seneca Rd 4-way stop near I-80 Seneca Exit #105.
Farmland Tract Maps & Info @ www.richardaolson.com: Flyer – Aerial Map – Soils Map – Topography Map – Contours Map – Hillshade Map – Wetlands Map – Tax Map – FSA Map – FSA Report.
Auction Terms:
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates Inc nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or “more or less”. Any announcements made on auction day by Richard A. Olson & Associates Inc will take precedence over any previously printed materials or oral statements.
Agency: Richard A. Olson & Associates Inc and its representatives are acting as Agents of the Seller.
Farm Lease: The farm lease will be terminated at the end of 2024 after Seller’s approval. The Seller retains Landlord’s share of the 2024 crops and shall pay Landlord’s share of the 2024 crop expenses.
Taxes: 2024 Real Estate Taxes (due in 2025) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s).
Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates Inc.
Survey: Survey has been ordered and will be available before auction day.
Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller’s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing.
Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit 10% earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
Closing: The closing shall take place thirty-nine (39) days after December 7, 2024 on January 14, 2025 at Fidelity National Title Insurance Company, 117 E Main St, Morris, IL. The balance of the purchase price must be paid by wire transfer to the account of settlement agent.
Possession: Possession will be granted on closing date.
Sale Method: The real estate will be offered on a per acre basis for total surveyed acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates Inc and Seller. Link to Internet Bidding: richardaolson.hibid.com. A 0.1% Buyer’s Premium applies to ONLINE bids only and will be added to the final bid. There is no Buyer’s Premium to in-person (live) bidders.
Disclaimer: All decisions of the Auctioneer are final. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
Approval of Bids: Final sale is subject to the Seller’s approval or rejection.
SELLERS: Clennon Real Estate Trust.
Seller’s Attorney:
Don Black
Black & Black Lawyers
201 Liberty St #211
Morris, IL 60450
(815) 942-0594
Auction conducted by Richard A. Olson & Associates, Inc.
Dick Olson – Richard A. Olson & Assoc, Inc
IL License #440.000585
Erik Olson – Lucky Auctions LLC
IL License #441.001909
531 Bedford Rd, Morris, IL 60450
(815) 942-4266
www.richardaolson.com
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Terms and Conditions
Auction Terms:
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates Inc nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or "more or less". Any announcements made on auction day by Richard A. Olson & Associates Inc will take precedence over any previously printed materials or oral statements.
Agency: Richard A. Olson & Associates Inc and its representatives are acting as Agents of the Seller.
Farm Lease: The farm lease will be terminated at the end of 2024 after Seller's approval. The Seller retains Landlord's share of the 2024 crops and shall pay Landlord's share of the 2024 crop expenses.
Taxes: 2024 Real Estate Taxes (due in 2025) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s).
Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an "AS IS-WHERE IS" basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates Inc.
Survey: Survey has been ordered and will be available before auction day.
Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller's real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing.
Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit 10% earnest money to be held by Seller's Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier's check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
Closing: The closing shall take place thirty-nine (39) days after December 7, 2024 on January 14, 2025 at Fidelity National Title Insurance Company, 117 E Main St, Morris, IL. The balance of the purchase price must be paid by wire transfer to the account of settlement agent.
Possession: Possession will be granted on closing date.
Sale Method: The real estate will be offered on a per acre basis for total surveyed acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates Inc and Seller. Link to Internet Bidding: richardaolson.hibid.com. A 0.1% Buyer's Premium applies to ONLINE bids only and will be added to the final bid. There is no Buyer's Premium to in-person (live) bidders.
Disclaimer: All decisions of the Auctioneer are final. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
Approval of Bids: Final sale is subject to the Seller's approval or rejection.
www.richardaolson.com
Bid Increments
Your bid must adhere to the bid increment schedule.
| Bid Amount | Bid Increment |
|---|---|
| 0.00 - 9,999,999.99 | 250.00 USD |
Payment Information
| Currency | USD |
|---|---|
| Buyer Premium | 0.1% Buyer's Premium |
| Payment Terms |
Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit 10% earnest money to be held by Seller's Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier's check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The closing shall take place thirty-nine (39) days after December 7, 2024 on January 14, 2025 at Fidelity National Title Insurance Company, 117 E Main St, Morris, IL. The balance of the purchase price must be paid by wire transfer to the account of settlement agent.
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Shipping / Pick Up
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