Hannibal, MO 63401(Marion County)

Farm represents productive tillable cropland, prime building sites with Hwy MM frontage as well as recreational acreage. Farm is improved with a well-located country home, stocked lake, historic barn, other older outbuildings, all just minutes from Hannibal, MO!

TRACT INFORMATION

Tract 1 28 Acres (Subject to survey)

Land represents productive tillable cropland with the balance in hardwood timber & wooded draws and offers several prime building sites as well as excellent recreational acreage

FSA figures should indicate approximately 21.2 cropland acres

Soil types: Winfield, Cedargap & Menfro

Access from a deeded strip of land extending north to Hwy MM

Tract 2 53.8 Acres (Subject to survey)

Land represents productive tillable cropland with the balance in wooded draws and offers several prime building sites as well as excellent recreational acreage

FSA figures should indicate approximately 38.43 cropland acres currently in row crop production & grasslands

Soil types: Winfield, Cedargap & Mexico

Access from north by Hwy MM

Tract 3 6.5 Acres (Subject to survey)

Tract is improved with a well-located 5-bedroom, 3-bath open floor plan home with heat pump, central air and basement. Renovations on this home are in progress but will need completion.

Other improvements include an open front storage/machine shed, historic barn, other older outbuildings and a very nice stocked lake

FSA figures should indicate approximately 2.2 cropland acres

Soil types: Winfield & Mexico

Access from the north by Hwy MM

METHOD AND TERMS

Acreages in this advertisement are estimated. A survey will be completed prior to the sale on all three tracts. Tracts 1 & 2 will be sold on a price per acre basis based on the acreages obtained from the completed survey.

Tracts 1 & 2 will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) either or both of tracts 1 & 2 for their high bid. If the high bidder selects only one of the tracts, then the remaining tract will be auctioned.

Tract 3 will then be sold for a lump sum total dollar amount. The tracts will not be offered in their entirety at the conclusion of the auction.

Bidding is NOT subject to financing, appraisal or inspection.

Immediately following the auction, the winning bidder(s) 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, payable to Accurate Land Title Company, which shall hold the money in escrow until closing.

The balance of the purchase price will be due at closing which will take place on or before April 11, 2022 at Accurate Land Title Company. Possession will be given at the time of closing.

The 2022 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between the buyer & seller.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure 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. Buyer 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.

Representing Attorney:

John W. Russell

201 W Summer Street

PO Box 161

Monroe City, MO 63456

(573) 735-1313

Title Work By:

Accurate Land Title Co.

218 Broadway

Hannibal, MO 63401

(573) 221-1002