2950 E 1750th St , Loraine, IL 62349(Adams County)

Located just northeast of Loraine, Illinois is this very unique property that offers unlimited possibilities. The first thing you will notice is the custom cabin that is built over a 4-acre lake. The lake provides excellent fishing and views. Fish species include large mouth bass, bluegill, crappie, and channel catfish. The cabin could be used for personal use, private parties, or as income potential as an Airbnb. The dock located in the front of the cabin would allow for a great spot to fish, swim, or launch a boat/kayak/canoe. There is a 2 acre tillable field that will also provide income from farming. The property would be a great spot to build a home or a prime location to install a billboard to provide even more income. Rural water in close proximity, Electricity, and Fiber Optic Internet are all present at the property. Please make sure and take a look at this very rare and unique property!

TRACT INFORMATION

9.44 Taxable Acres

Fully Stocked 4-acre Lake (approx 31 ft deep)

2-acre Tillable Field

Custom Cabin built over the water(built in 2019)

Private Drive

Cabin will come fully furnished

Custom Outhouse to match Cabin

50+ pecan trees planted. Also maple, dogwoods, and oaks

Building Site for Home

Prime Billboard Location

AirBnB income has averaged gross over $9k a year for last two years.

Cabin Details:

LP Gas heater and electric air conditioner

Turn Key and Fully Furnished.

2 BRs in Loft. 1 private bedroom on main floor

3 Interior Trap doors in floor on main level for fishing

Bedrooms are carpeted. Vinyl floor in kitchen/living

Smoke and Carbon Monoxide detectors present

Deck off the north side of cabin includes grill, swing, and launch deck for boat

Sleeps 6-8 comfortably

Rural water could easily be ran into cabin

Adams Fiber Optic WIFI in cabin

Personal Property included with Cabin and property include: Queen Size Bed, Double Bed, Three Single Beds, Couch, Two Recliners, Table with 4 rolling chairs, Gas Stove, Refrigerator, Microwave, Toaster, Coffee Pot, Kitchen Utensils, 65 inch Samsung Smart TV, Weber Gas Grill, Boat, and John Deere Mower, and much much more.

METHOD & TERMS

The property will be sold for the lump sum total dollar amount.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Tuesday, July 25, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The 2023 real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMAION

Parcel Number

06-0-0013-002-00

$500.52

2021 Tax Year