Lot # : 2 - 20+/- ACRES, 14 TILLABLE.

Online Only Auction
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OLNEY, IL 62450
Date(s)
8/20/2020 - 9/23/2020
AUCTIONEER INFORMATION
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Bidding Notice:

ENDING WEDNESDAY SEPTEMBER 23 STARTING @ 7 PM WITH SOFT CLOSE AND EXTENDA BID

Auction Notice:

HIGH BIDDER(S) WILL RECEIVE A PHONE CALL FOLLOWING THE CLOSING OF THE AUCTION!

Information
Lot # 2
Quantity x20
Group - Category Real Estate - Ag / Farm Land
Lead 20+/- ACRES, 14 TILLABLE.
Description
RURAL WATER AVAILABLE! DENVER TWP, N 1/2, NW, NW ADJACENT TO 2769 E MT GILEAD LN, OLNEY, IL
Name ONLINE ONLY 50+ FARMLAND ACRE AUCTION
Auctioneer
auctions by schackmann
Type Online-Only Auction
Date(s) 8/20/2020 - 9/23/2020
Auction Date/Time Info
ENDING WEDNESDAY SEPTEMBER 23 STARTING @ 7 PM WITH SOFT CLOSE AND EXTENDA BID
Preview Date/Time DRIVE ON BY AND CHECK IT OUT! SIGNS ARE ON THE PROPERTY!
Checkout Date/Time HIGH BIDDER(S) WILL RECEIVE A PHONE CALL FOLLOWING THE CLOSING OF THE AUCTION!
Location
ADJACENT TO 2769 E MT GILEOD LANE
OLNEY, IL 62450
Buyer Premium 2% WILL BE ADDED TO THE FINAL BID PRIC
Description
50 ACRES SELLING IN TWO TRACTS ONLINE ONLY GARREN & MICHELLE PFLAUM - OWNERS TRACT 1 - 30 ACRES, 25 +/- TILLABLE. SOIL IS 85% HOYLETON SILT LOAM, 2 TO 5 PERCENT SLOPES, 13.9% PASSPORT SILTY CLAY LOAM, 5 TO 10 PERCENT SLOPES, SEVERELY ERODED, WATER .5%. TAXES $386.00. (SUBJECT TO EASEMENT RECORDED IN JULY 2020 FOR NORTH PROPERTY) EASEMENT IS 20'GOING ALONG THE NORTH EAST SIDE TRACT 2 - 20 ACRES, 14 TILLABLE. SOIL IS 62.2% HOYLETON SILT LOAM, 2 TO 5 PERCENT SLOPES, 33.8% PASSPORT SILT LOAM, 5 TO 10 PERCENT SLOPES, ERODED, 4% PASSPORT SILTY CLAY LOAM, 5 TO 10 PERCENT SLOPES, SEVERELY ERODED. TAXES $231.12 BE SURE TO CHECK OUT THE VIDEOS OF BOTH TRACTS! (Note: The pond in the aerial is on the property to the north of tract 1)
TERMS FOR REAL ESTATE: 10% down day of auction, non refundable, balance due @ closing. Possession upon closing. Seller will pay the 2020 taxes due and payable in 2021 as a credit at closing. Buyer will be responsible for all taxes thereafter. Subject to all easements apparent of record or in place. FARM RIGHTS: Current farm tenant will have rights until crops are harvested. MINERAL RIGHTS: All mineral rights belonging to Sellers will transfer with property. ACCEPTANCE OF BID PRICE: Sellers have the right to accept or reject the final bid price. PROPERTY is being sold on an “AS IS, WHERE IS” basis & no warranty either expressed or implied is being made by the Sellers or the Auction Company. BUYER’S PREMIUM: A 2% Buyer’s Premium will be added to the final bid price.FINANCING: Sale of property is not contingent upon financing, so make sure your financing is in place prior to auction. CLOSING: Closing will take place within 30 days of auction. Closing agent fees will be divided between Buyer and Seller.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 25.00 USD
Currency USD
Buyer Premium 2% WILL BE ADDED TO THE FINAL BID PRIC
Payment Terms
10% DOWN PAYMENT MAY BE PAID BY CASH, CHECK, OR MONEY TRANSFER
NOT APPLICABLE!
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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.