Auction Information
Former Keokuk Country Club to Sell at Auction: Lee County
This 9-hole golf course, which was organized and opened in 1899, will sell at public internet-only auction and will be offered in 4 tracts. The gently rolling to rolling terrain and location makes for ideal Family Estates and new home sites. The former KCC will be ideal for wedding venues, conference center, and fine dining.
Seller: Lake Cooper Pastime Properties, LLC
Open House: Saturday, January 26th 10 AM to 11 AM.
For a private showing call or text Jason Wallingford at (314) 882-6971.
Bidding ends Thursday, January 31st at 10 AM.
Tract 1: 6.17 acres which include the former KCC building which was constructed circa 1913 and later updates in the 1950s and 1990s, in-ground pool, Pro Shop, tennis courts, maintenance building, and cart shed. This sale is for real estate only and does not include any personal property.
Tract 2: 30.44 acres of gently rolling to rolling terrain w...
Tract 2: 30.44 acres of gently rolling to rolling terrain with scattered woods and pond. Great views make this an ideal building location. This tract is accessed by way of 30 ingress/egress easement running from Middle Road across Tract 1.
Tract 3: 20.59 acres of gently rolling to rolling terrain with scattered woods. Great spots for a new home!
Tract 4: 24.05 acres of flat to gently rolling terrain with scattered woods and Prices Creek meandering through on the north end offering a great spot for a new home with views along Prices Creek bottom.
For more information call or text Jason Wallingford (314) 882-6971.
TERMS & CONDITIONS
1. PROCEDURE: Bidding ends Thursday, January 31, 2019 at 10:00 A.M., with a soft close, meaning that a last minute bid will extend bidding by 5 minutes. All prices to be adjusted based upon the surveyed acres.
2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid price to arrive at the contract sale price.
3. ACCEPTANCE OF BID PRICES: Winning bidder(s) will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, February 1, 2019 (hand delivered, faxed or scanned and emailed). All final bid prices are subject to approval or rejection by Seller.
4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Bidding is not contingent upon financing. The balance of the purchase price will be due at closing.
5. CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.
6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.
7. ABSTRACT & TITLE: Seller shall furnish the buyer(s) at Sellers expense an abstract of title to the property, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s)
8. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title. Sales price will be adjusted based upon surveyed acres.
9. REAL ESTATE TAXES: Seller shall pay 2018 and all-prior year real estate taxes, if any. 2019 Real Estate taxes to be paid by the Buyer.
10. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding.