Property Description
ONLINE AUCTION
+/- 10 Acres, Saint Joseph TWP. Champaign County, IL
Bidding is currently open.
Bidding closes at 1 PM, June 13th.
+/- 10 Acres. This tract is all tillable except for the roadside ditch.
Highly Productive Soils, 139.2 PI.
Open Farm Tenancy.
Buyer will have the right to enter the farm to plant a crop once the 10% down payment is secured.
Address for driving directions:
1258 COUNTY ROAD 2200, SAINT JOSEPH, IL
Legal Description:
The north 10 acres of the southwest quarter of the northwest quarter of section 35, T19N R10E,
Saint Joseph TWP. Champaign County, IL.
The estimated Real Estate Tax for said +/- 10.00 acres, PIN 28-22-35-100-003 = $508.25
Said +/- 10.00 acres is a split out of PIN 28-22-35-100-001 (40 Acres).
The 2023 payable 2024 Real Estate Tax for the original +/- 40Acre Parcel is $2,033.00.
The new tax bill is not currently available.
Land Broker and Auctioneer, Travis Selby
IL Lic.# 441001485
217-304-1686
Auction terms and conditions:
Procedure:
Property shall be offered as one, +/- 10.00 Acre tract.
SALE IS SUBJECT TO SELLERS COMFIRMATION.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: The successful bidder will sign a sale contract at the auction site immediately following the close of the bidding. Copies of such contracts are available for review at the office of the auctioneer.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before Tuesday July 16th, 2024.
Possession: Possession will be given at closing. Open farm tenancy for the 2024 crop year. Buyer will have the right to enter the farm to plant a crop once the 10% down payment is secured.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Seller shall be responsible for paying the 2023 real estate tax due and payable in 2024.
Buyer shall be responsible for paying the 2024 real estate tax due and payable in 2025.
Mineral Rights: the sale of the property shall include all mineral rights owned by the seller, if any.
Agency: Ag Exchange Inc. and its representatives are Exclusive Agents of the Seller.
Survey: A new survey shall not be provided, and the sale shall not be subject to a survey. The farm will be sold per deeded acre.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Angela Jinkins, James Morse, and Maurice Morse
