Online Only Auction
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Date(s)
8/29/2021 - 10/5/2021
Bidding Notice:

Property being offered via a Public "Internet Bidding Platform", Bidding / Offer Period will end Tuesday - October 5, 2021 at 7:00pm CDT (soft close). 10% Buyer's Premium will be added to your bid.


Information
Lot # 3
Group - Category Real Estate - Ag / Farm Land
Lead 36.9± Acres
Description
36.9± Acres | Tillable high production farmland
Name Illinois Farm & Rec Land Auction | Multi Tracts
Auctioneer
Type Online-Only Auction
Date(s) 8/29/2021 - 10/5/2021
Auction Date/Time Info
Bid now through Tuesday, October 05, 2021 at 7:00pm CDT(soft / staggered close)
Preview Date/Time Preview / Open House dates/time ~ September 7, 2021 - 6:00pm CDT ~ September 12, 2021 - 1:00pm CDT ~ October 4, 2021 - 6:00pm CDT
Checkout Date/Time A down payment of 10% must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Richland County Abstract Company. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before November 19, 2021.
Location
Buyer Premium 10%
Description
Illinois Farm & Recreational Land Auction | Multiple Tracts TRACT 1: 45.39 Acres +/- with a beautiful 2 story 2,973 Sq Ft, 4 Bed, 2-1/2 Bath farm house w/Full Walk-Out Basement, barns and a large garage / shop. Large 1.7 acre stocked lake with dock. TRACT 2: 21 Acres +/- Hunting / recreational property with lots of wildlife including Whitetail Deer, Turkey, Rabbits, Squirrel, coyote and more. TRACT 3: 36.9 Acres +/- tillable high production farmland. Seller: Damm Trust License # AC30200042 | AU01049934
- The property will be sold at Public Auction via an Internet Bidding Portal. The bidding period will end Tuesday, October 5, 2021 @ 7:00PM CDT (Soft close) - If you have trouble with login or do not have access to the internet please call and we can accept bids via telephone bidding. - To be approved as an online bidder a signed copy of the terms and conditions along with a signed bidder's certification must be received and approved by the auction office. - The property is being offered as 3 separate parcels/tracts Tract 1: 45± Acres w/Home, Shop, Barns & Bond Tract 2: 21± Acres wooded land w/food plot Tract 3: 36.93± Acres tillable farm land - If Tract 1 sells separate from Tract 3, access to tract 1 will be from Dundas Lane. The current drive from Crest Haven Road through Tract 3 (tillable area) will NOT be a transferred drive or right of way to the house. - The property will be Sold Subject to Seller's Confirmation. The seller reserves the right to reject any and all bids. - Property sells As-Is with no warranties expressed or implied - Property included in the sale is the real estate only. - The auction is Subject to prior sale (the property can be purchased prior to the end of the auction) - The seller reserves the right to cancel the auction at any time prior to the final bid closing - Buyer's Premium A 10% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 10% buyer's premium will establish the final sales price. - 10% Down payment must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the Sellers payable to Richland County Abstract Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you are prepared to pay cash at closing or have arranged your financing prior to bidding. The balance of the purchase price including the buyer's premium will be due via a wire transfer to the closing company, on delivery of insurable title on or before November 19, 2021 A promissory note will be signed along with the down payment. - Final closing is NOT contingent upon financing. - The property will be conveyed by a Trustee's Deed - The seller agrees to furnish buyer(s) with an owner's policy of Title Insurance Policy at closing. - Real Estate Taxes: the taxes will be prorated to the day of closing. - Closing: Closing shall take place at the office of: " Richland County Abstract Company, 130 E. Market Street, Olney, IL 62450 Closing fee will be paid by the buyer. Closing will be held on or before November 19, 2021 - Possession Tract 1: House and outbuildings: Day of final closing Tract 2: Recreational timber / wooded land: Day of final closing Tract 3: Farm tillable land: after 2021 final harvest - The successful Bidder shall execute a "Real Estate Auction Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer. - Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. Further; Property sells as-is with no warranties expressed or implied - United Country - Coffey Realty & Auction, United Country - Burke Auction & Realty and their representatives are exclusive agents of the Seller. - Seller: Ronald A Damm and Rita A Damm Declaration of Trust dated 6/2/2011 - All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. - All marketing information and bidder's packet materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 50,000.00 1,000.00 USD
50,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10%
Payment Terms
A down payment of 10% must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Richland County Abstract Company. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before November 19, 2021.
A down payment of 10% must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Richland County Abstract Company. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before November 19, 2021.
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.