Result: 1 of 1
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Type Online-Only Auction
Time Left
Bidding opens in
14d 12h 45m
Soft Close


Lot # 1
Quantity 1,971
Group - Category Miscellaneous
Lead Williamson & Johnson County IL 1971 acres
Description
1971+- acres offered in its entirety, as one tract….Wooded creek bottom property located SE of Creal Springs IL in Williamson and Johnson Counties. The property is 5+- miles long and from 3 miles wide to a few hundred feet wide in other areas. It was originally purchased to the 510 & 504 MSL elevation and below for the purpose of creating a 1430+- acre lake to supply water for the rapidly growing City of Marion Illinois. You will find it to be a very rugged property with Sugar Creek meandering through it. Excellent Whitetail habitat! An informational meeting will be held at Marion City Hall on Friday, June 24th, 1:00 pm until 6 pm CST and again Saturday, June 15th, 9 am until noon. To learn more about this property go to buyafarm.com
Name City of Marion
Auctioneer Buy A Farm Land & Auction Co
Type Online-Only Auction
Date(s) 6/14/2022 - 7/14/2022
Bidding opens Tuesday July 13, 2022mat 8:00 AM CST On-Line Only Bidding begins to close at 8:00 PM CST, Thursday July 14, 2022
Preview Date/Time An informational meeting will be held at Marion City Hall on Friday, June 24th, 1:00 pm until 5 pm CST and again Saturday, June 15th, 9 am until noon.
Checkout Date/Time Friday July 15th by 5:00 PM CST
Location RR
Creal Springs, IL 62922
Buyer Premium NO BUYERS PREMIUM
Description
1971+- acres offered in its entirety, as one tract….Wooded creek bottom property located SE of Creal Springs IL in Williamson and Johnson Counties. The property is 5+- miles long and from 3 miles wide to a few hundred feet wide in other areas. It was originally purchased to the 510 & 504 MSL elevation and below for the purpose of creating a 1430+- acre lake to supply water for the rapidly growing City of Marion Illinois. You will find it to be a very rugged property with Sugar Creek meandering through it. Excellent Whitetail habitat! An informational meeting will be held at Marion City Hall on Friday, June 24th, 1:00 pm until 6 pm CST and again Saturday, June 15th, 9 am until noon.
Auction Terms & Conditions NO BUYER'S PREMIUM. SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS. NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. Have your financing verified before you bid. PROCEDURE: Property will be offered as a single tract with no divisions. Bidding Per Acre with $10.00 Per Acre Bid Increments. Minimum opening bid is $1015 per acre. Upon receiving the opening bid the sale will become Absolute and sell to the highest bidder. ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. REAL ESTATE TAXES: Presently Tax-Exempt. Seller will owe 2022 taxes pro-rated from date of closing in 2023. It is advised that the buyer have the property entered into the Conservation Stewardship Program or Timber Management before November 1, 2022 to avoid the Recreational Tax for Tax year 2023 and beyond. SURVEY: Legal plats of the individual parcels will be provided. MINERAL: Any mineral owned will transfer, if any. 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 45 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 the farm lease on the small acreage. More details coming soon. AGENCY: Buy A Farm Land & Auction Co LLC. is the Agent and Representative of the Seller. 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 made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is". AUCTIONEER: Wayne Keller, IL Lic #441.002475 IL / Managing Broker #471.002958. --------------------------------------------- ------------------------------------------ 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 10.00 USD
Currency USD
Buyer Premium NO BUYERS PREMIUM
CLOSING: Closing shall occur within 45days 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.