Online bidding registration must be complete 24hrs prior to the live event.
Property Description
SOLD at AUCTION
$15,200 per acre
FARMLAND AUCTION
+/- 120 Acres offered in 2 Tracts
West Twp. Effingham County, IL.
10 AM, November 28th
Auction Location:
Carriage House Event Center
8 West Carriage Lane, Altamont, IL 62411
Live in Person, Public Auction with Online Internet Bidding.
MULTI PARCEL, 2 TRACT AUCTION
100% tillable tracts
2024 Open Farm Tenancy
Excellent Farmland Investment Opportunity
T1: +/- 40 Acres, 109.6 PI. 100% Tillable Tract.
Located in the SW of the SW of section 26, T6N R4E,
West Twp. Effingham County, IL. Parcel ID: 15-01-026-004.
2022 real estate tax payable 2023 = $831.44 = 20.79 per acre.
T2: +/- 80 Acres, 113.8 PI. 100% Tillable Tract.
Located in the NE of the NW and the N of the NE , section 35, T6N R4E,
West Twp. Effingham County, IL. Parcel ID: 15-01-035-012.
2022 real estate tax payable 2023 = $1,874.40 = $23.43 per acre.
Auction terms and conditions:
Procedure: The farm will be offered as 2 individual tracts, and as a combination of the 2 tracts combined. There will be open bidding on the individual tracts and as a combination of the 2 tracts during the auction. The auction will be conducted publicly with online bidding available for pre-registered online bidders. Bidding shall remain open until the auctioneer announces bidding closed.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
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 45 days after auction day, or as soon thereafter as applicable closing documents are completed.
The anticipated closing date shall be Friday, January 12th, 2023.
Possession: Possession will be given at closing. Open tenancy for 2024 crop year.
Survey: A new survey shall not be provided, and the sales shall not be subject to a survey. The farm tracts will be sold per deeded acre.
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: Buyer shall receive a tax credit from seller at closing for the 2023 real estate tax due and payable in 2024. T1 tax credit = $831.44. T2 tax credit = $1,874.40. The buyer shall be responsible for paying 100% of the 2023 real estate tax due and payable in 2024.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
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: Alyssa Smith, Ashlee Smith, and Amber Simpson
