Auction Information
Online Bidding SiteRalls County Missouri Land iAuction Gibilterra Farm
As I have purchased another farm, I have decided to sell these 114 acres at an Internet-only Auction. Seller: James J. Gibilterra Jr.
Bidding ends Wednesday, March 31st at 10 AM.
These 114 flat to rolling wooded and tillable acres are conveniently located just 5.8 miles south of Center, MO and 14 miles from Blackjack Marina at the Mark Twain Lake. The land offers excellent hunting, fishing, and recreation opportunities with approximately 43.81 acres of highly productive cropland. The farm is selling with a farmer tenant in place and the buyer(s) of tracts 2 and 3 will receive the farm income for 2021. Great building spots and rural water and electricity are nearby. If you are looking for excellent hunting and income producing land near the Mark Twain Lake be sure to check this property out!
For more information call or text Eric Merchant (314) 541-1218 or Jason Wallingford (314...
For more information call or text Eric Merchant (314) 541-1218 or Jason Wallingford (314) 882-6971.
Tract 1: 32 gently rolling wooded and grassland acres. An ideal tract for hunting and recreation with nice building spots.
Tract 2: 27 acres with approximately 22.28 (per FSA) acres highly productive cropland. The balance of the land is woods and Spencer Creek.
Tract 3: 33 acres with approximately 21.53 (per FSA) acres of highly productive cropland. The balance of the is woods and Spencer Creek.
Tract 4: 22 gently rolling acres of pastureland, wooded draws, and pond with nice spots with views for a new home.
IAUCTION TERMS & CONDITIONS
1. PROCEDURE: Bidding ends Wednesday, March 31, 2021 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Acre.
2. BUYERS PREMIUM: 5% Buyers Premium will be added to the final bid price to arrive at the contract sales price.
3. ACCEPTANCE OF BID PRICES: Winning bidder 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, Thursday, April 1, 2021 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.
4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.
5. CLOSING: Closing shall be on or before 3:00 PM., Thursday, April 29, 2021.
6. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant.
7. TITLE: Seller shall furnish the buyer(s) at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price 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 to convey title.
9. REAL ESTATE TAXES: The 2021 Real Estate taxes to be paid by the Buyer(s).
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 are 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.
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