Result: 1 of 1
Type Online-Only Auction
Price Realized Price Realized Not Uploaded
Date Sold 2/17/2022


Lot # 1
Group - Category Real Estate
Lead 30.8 Acres Iuka IL Home / Farmstead / Cropland
Description
30.8 acres at the East edge of Iuka Illinois with an older home and farmstead. The 22.7 acres of cropland has a PI of 95.4 and is leased for the 2022 crop year on a 2/3 – 1/3 crop share lease (call for details). The home is a 4-bed fixer-upper with partial cellar. There is a large pole barn, also a fixer-upper, and a few delipidated buildings. Great site for a new home! This property is being sold “as-is”.
Name 2769 Marion_Clifton
Auctioneer Buy A Farm Land & Auction Co
Type Online-Only Auction
Date(s) 1/3/2022 - 2/17/2022
On-Line Only Bidding Opens Monday, January 10, 2022 at 8:00 a.m. CST Bidding Closes Thursday, February 17, 2022 at 8:00 p.m. CST
Preview Date/Time Saturday, February 5, 2022, 10 a.m. to Noon
Checkout Date/Time Friday, February 18, 2022 by 5:00 p.m. CST
Location 1C Bar Lane
Iuka, IL 62849
Buyer Premium No Buyer's Premium
Description
ONLINE REAL ESTATE AUCTION: Marion County IL 3.8+- Acres / Farmstead Home Barn Cropland 30.8 acres at the East edge of Iuka Illinois with an older home and farmstead. The 22.7 acres of cropland has a PI of 95.4 and is leased for the 2022 crop year on a 2/3 – 1/3 crop share lease (call for details). The home is a 4-bed fixer-upper with partial cellar. There is a large pole barn, also a fixer-upper, and a few delipidated buildings. Great site for a new home! This property is being sold “as-is”.
Auction Terms & Conditions NO BUYER'S PREMIUM. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING. SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS. Bidding Per Tract - Not Per Acre - In $500 Bid Increments NOTE: Your bidding is not contingent upon financing or inspections. Buyer’s due diligence - Any and all inspections buyers require must be performed before bidding. Any and all required appraisals, loan approval and other essential due diligences must be performed before bidding. Home buyers are accustomed to performing home inspection after contract is signed; we want to make it clear this is not the case for this sale. PROCEDURE: Property is offered in 1 tract. SHORT LEGAL: Part of NE ¼, Section 18, Township 2 North – Range 4 East, Marion County IL. REAL ESTATE TAXES AND TAX ID: Taxes: $1738.60. Taxes pro-rated to closing date. Parcel ID #'s 13-18-200-001, 13-18-218-001. SURVEY: No survey. MINERAL: Any mineral owned will transfer. 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 60 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. 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 subject to farm tenant rental agreement for 2022 crop production. (2/3 – 1/3 Lease with fertilizer and chemical split the same). 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 --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 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.