597.24+ or Acre Online Only Land Auction (Clay County IL)
Clay County Farm and Hunting Land!
Auction will begin to close 5PM Wednesday Oct 9th, 2024.
Tract 1 50 + or acres 42.1 + or tillable acres, located in Sec 5 Stanford Township N Clay County, IL parcel # 1105-300-001.
Tract 2 131.5 + or acres, 99.74 + or tillable acres, located along the Wabash River, located in Sec 5 Stanford Township N Clay County, IL parcel #1105-100-008, 1105-100-004 & 1105-200-004.
Tract 3 185.46 + or acres, 156.24 + or acres, some wooded located along the Wabash River, located in Sec 6 Stanford Township N. & in Sec 31 Hoosier Township Clay County, IL parcel #0731-400-009, 0731-400-003, 1106-200-004.
Tract 4 46.63 + or acres, 26.65 + or tillable acres, 19.98 + or wooded acres, there is a 30ft right of way on the south part of the property to the west for ingress and egress, located in Sec 6 Stanf...
Tract 4 46.63 + or acres, 26.65 + or tillable acres, 19.98 + or wooded acres, there is a 30ft right of way on the south part of the property to the west for ingress and egress, located in Sec 6 Stanford Township N. Clay County, IL parcel #1106-100-002, 1106-200-001, 1106-200-002.
Tract 5 40+ or acres, 18 +or acres tillable, 10.62 total + or CRP acres, 9.62 + or acres CRP CP43 annual payment of $194/acre expires 9/30/2030 & 1 acre CRP CP43 $194/acre expires 9/30/2030, wooded acres and oil well sellers are keeping lifetime as long as production continues, CRP located in Sec 5 Stanford Township N. Clay County, IL parcel #1105-400-008 part of that parcel
Tract 6 40+ or acres, 5 + or acres tillable, 21.81 + or total CRP acres, 14.89 Acres CRP CP38E-1 $155.55/acre expires 9/30/2030, 2.18 + or Acres CRP $194.00/acre CP42 expires 9/30/2030, 4.74 + or CRP CP22 $214.88/acre expires 9/30/2030, wooded acres, located in Sec 5 Stanford Township N. Clay County, IL parcel #1105-400-008 part of that parcel
Tract 7 20+ or acres, 10.13 + or total CRP acres, 2.4 + or acres CRP CP38E-1 $155.55/acre expires, 9/30/2030, 1.52 + or acres CRP CP22 $214.88/acre expires 9/30/2030, 6.21 + or Acres CRP CP31 $194/acre expires 9/30/2035, located in Sec 5 Stanford Township N. Clay County, IL parcel #1105-400-008 part of that parcel
Tract 8 51.2 + or acres 41.2 + or acres CRP CP31 w/annual payment of $194/acre expires 9/30/2035, approx 10 acres wooded along the Wabash River, located in Sec 5 Stanford Township N. Clay County, IL parcel #1105-400-008 part of that parcel.
Tract 9 32.45 + or acres, 21.8 + or Acres CRP CP22 Tree Program w/annual payment of $157.62/acre expires 9/30/2027, located along the Wabash River, located in Sec 7 Clay N. Township N Clay County, IL parcel #1207-400-002, 1207-400-001.
Sellers: Darring Hout and Ann Hout
If land, including a portion of whole parcel, is taken out of the USDA CRP programs prematurely after the auction closing, the new owners are liable to refund the USDA for past payments. Bidding is by the acre. The final bid price will be multiplied by the total number of acres in each tract. Such number will be put in the purchase agreement. CRP acres are closely estimated, and there is no guarantee they will exactly match up when the USDA switches to the new owner.
Real Estate is sold As Is. 10% down sale remainder due at closing approx. 40 days. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. The current crop belongs to the farm tenants; if corn/soybeans are still in the field at closing, the new owners farming rights will be granted at completion of harvest. However, if the current crop is removed before or at closing, the new owners will have farming rights at closing. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Schmid Auction is not responsible for accidents. Bidding will be by the acre. An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.
Bidding is by the acre. Tracts will not be combined. At 5PM Central Standard time on Wednesday Oct 9th when there is a bid on any tract in the last 3 minutes 3 minutes will be added. Bidding is by the Acre! Bidding will be in $25.00 Increments.
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