Live Webcast Auction
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Date(s)
9/18/2024
Bidding Notice:

This will be a LIVE & virtual auction, please tune in for your bidding status.


Information
Lot # 1
Quantity x57.16
Group - Category Home Goods & Decor - Home Goods - Other Items - Other
Lead 57.16 Acres located in Clintonia, Twp. DeWitt
Description
DeWitt County, Illinois. This property is located in Section 15 of Clintonia, Township, DeWitt County, Illinois. This property is approximately 2 miles north of Clinton, IL on IL Rt. 51 with excellent highway visibility; at the corner of Tabor Rd. & 51. (Altorfer Cat is directly south across the street from this farm) Access onto the property is made via IL Rt. 51 or Tabor Road. This farm is gently sloping toward a drainage ditch that crosses the property, as per the attached map, one will notice this farm is mostly rectangular in shape with a strip of land extending southward to Tabor Road. Bidders will bid on a per acre basis. There is a solar lease attached to this property, please see www.martinauction.com for the lease details. This property is currently under a 50/50 lease agreement with Doug Whitted. Doug is interested in continuing on farming this property if an investor or absentee buyer executes.
Name Lamkin Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 9/18/2024
Auction Date/Time Info
This auction will be conduted at 9515 Texas Church Rd., Clinton, IL- Martin Auction Services, LLC main building on Wednesday, September 18th, at 10 a.m.
Preview Date/Time Preview the farm from the perimeter is permitted at any time up through the auction date.
Checkout Date/Time An auction contract will be entered into on the day of the auction. 10% of the gross selling price will be due on that day and the balance within 45 days.
Location
Buyer Premium 1% buyers premium to online bidders onl
Description
Phil Lamkin Estate Land Auction Tim Lamkin- Executor Wednesday- September 18th, 10 a.m. Selling 57.16 Acres in Clintonia Township, DeWitt County Illinois This property is located in Section 15 of Clintonia, Township, DeWitt County, Illinois. This property is approximately 2 miles north of Clinton, IL on IL Rt. 51 with excellent highway visibility; at the corner of Tabor Rd. & 51. (Altorfer Cat is directly south across the street from this farm) Access onto the property is made via IL Rt. 51 or Tabor Road. IN person and Online bidding NO BUYERS PREMIUM FOR IN PERSON BIDDERS 1% buyers premium for online bidders The real estate contract will govern the terms of this auction. See details within the Lot number.
This auction is being conducted as per the terms and conditions found in the auction brochure. The property sells as is with a closing within 30 days of the auction date. There is a 1% buyers premium charged to the buyer for Online Bidders... no premium for bidders at the LIVE auction. Bidders may begin to register online on and after September 1, 2024 The winning bidder will execute a written contract and place a 10% downpayment on auction day or within 24 hours if the winning bidder is online. Closing will occur within 45 days of the auction date. The Seller will provide a Title Policy in the amount of the purchase price and agrees to provide and execute a proper deed conveying the real estate to the Buyer. The owner agrees to provide merchantable title to the property. Buyers understands and agrees to abide by the restrictions of record. The contract will govern the closing terms of this property. Seller and the Auctioneer reserve the right in their sole discretion to amend these proceedures/ terms & conditions at or before the auction. The auctioneer has the right to reject any bids and will be the final authority as to thebidding increments. Announcements made by the Auctioneer at the auction will sepersede any prior written or oral information. All bidders understand that any tract may be removed from the auction at any time. The successful bidder will gain possession upon closing or after the 2024 crop is removed. Your attendance online is appreciated.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 14,000.00 100.00 USD
14,000.01 - 20,000.00 50.00 USD
20,000.01 - 100,000.00 25.00 USD
100,000.01 - 9,999,999.99 2,000.00 USD
Currency USD
Buyer Premium 1% buyers premium to online bidders onl
Payment Terms
A downpayment of 10% will be due within 24 hours of the auction, if you are the high online bidder. Closing is 45 days after auction day.
Not Applicable