Auction Information
Online Bidding SiteWASHINGTON CO IL 40 AC - FARMLAND
ONLINE AUCTION: Washington County IL 40+- Acres / Tillable Farm Income
Bidding Opens Tuesday, April 11, 2023
Bidding Closes Monday, May 15, 2023 at 8:00 PM CST
Property Inspection: By Appointment Only - Contact Auctioneer Don Bailey at 618-919-1031 for more information or an appointment.
Property Address: 7557 Black Diamond Road, SW of Nashville IL 62263
40+- acres will be offered in 1 tract. Bidding will be per acre x acres. $25 per acre bid increments.
All potential bidders must register before auction, preferably two weeks ahead of May 15, 2023. All potential bidders must personally call Auctioneer Donald Bailey at 618-919-1031. In the past bidders that wait until the last minute to register, may stand a chance not being able to bid.
DESCRIPTION
37.85 acres FSA tillable lays gently sloping; good soil types.
Located SW of Nashville IL in Section 26, Township 2 South Range 3 West...
Located SW of Nashville IL in Section 26, Township 2 South Range 3 West.
Partial tax #10-12 -26-200-02; 2022 property taxes $676.26.
Physical address: 7557 Black Diamond Road, Nashville IL 62263.
A marvelous 40 acres to add to your portfolio or for first time buyers. This is an excellent opportunity to invest in 40 acres of Illinois farmland that is mostly tillable with a good annual return on your investment. Land is historically one of the most reliable investments in America.
Presently has an excellent farmer managing the property and has done so for several for years.
Farm income and real estate taxes will be prorated to the date of closing.
TERMS AND CONDITIONS
NO BUYER'S PREMIUM.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.
BIDDING PER ACRE X AMOUNT OF ACRES. OFFERED IN 1 TRACT. $25 BID INCREMENTS.
PROCEDURE: Property offered in 1 tract.
SURVEY: No survey provided.
MINERAL: Seller to convey all, if any.
CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of wire transfer and received within 3 business days. The balance of the contract purchase price is due at closing.
TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer and Seller.
CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.
POSSESSION: Possession at closing subject to 2023 farm tenant's rights.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co. LLC. 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. Real estate is being sold "As Is, Where Is".
Any bid placed inside 5 minutes will extend the auction bidding another 5 minutes. This will continue until there are no more bids.
AUCTIONEER: Donald Bailey, IL Lic #441.002325
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