Land Auction | Tuesday, February 11, 2020 – 10 AM Central
Edgar County, IL
30.45 +/- Acres Tillable Farmland &
Exceptional Hunting Woodlands
Tuesday, February 11, 2020 – 10 AM Central
Auction Location: Edgar County 4-H Building, 319 E. Elliot St., Paris, IL.
Directions to Auction Site: From the Courthouse Square in downtown Paris, travel north on Main St./IL Hwy. 1 for 12 blocks to Elliot St., turn east on Elliot St., the 4-H Building is on the north side of Elliot St.
Directions to Property: From Paris, IL at intersection of US Hwy. 150/Jasper St. & Lower Terre Haute Road, travel southeast 12.5 miles on Lower Terre Haute Road to CR 80N, travel west on CR 80N to property on south side of road.
Property Description: 30.45 +/- acres located in Section 17 of Elbridge Township, which is less than one mile from the IL/IN state line. This property offers the best of both worlds, tillable farmland for ROI (return on investment) and exceptional hunting woodlands for Whitetail Deer and Turkey. According to Edgar County FSA Office this property consists of 12.72 tillable acres classified NHEL. The Productivity Index (P.I.) for the tillable soils on this property is 110. Also, the Sugar Creek runs through southwest corner of the property. In addition, this property offers a 52′x26′ modular home consisting of 3 bedrooms, 2 bathrooms with an existing well and septic system. Excellent investment property and/or recreational use land.
Property Inspection: Auction Company arranged on-site inspections of this property available by appointment. Please contact Auction Company at 217-465-4545. Individual on-site inspection by prospective buyers are permitted via foot traffic only. Please no motored vehicles.
Farm Tenant & Hunting Rights: Farm tenant rights and hunting rights are open for 2020.
Real Estate Taxes: The 2018 real estate taxes paid in 2019 were $506.32.
Auction Terms and Conditions
Auction Procedure: This property will be offered in one tract. The final bid price is subject to the Seller’s acceptance or rejection.
Acceptance of bid price: The successful bidder will be required to sign purchase agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s acceptance or rejection.
Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement immediately following the close of the auction. The down payment can be paid by personal check, corporate check or cashier’s check. The remaining balance will be due on or before March 11, 2020 at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Bidders should keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.
Possession: Buyer will receive full possession at the time of closing.
Title: Seller will offer title insurance on the property being offered in the auction. The Seller shall pay any search and closing costs that are customarily associated for a seller. The Purchaser shall pay closing costs that are customarily associated with a real estate purchase. Both the Seller and the Purchaser shall each pay one-half of the fees of the closing agent. Upon full receipt of the entire purchase price by Seller, Seller shall deliver to Buyer a Deed conveying title in and to the property to the Buyer.
Real Estate Taxes: The Seller shall give the Buyer a credit at the time of closing based upon the most recently ascertainable tax figure available at closing. Buyer will assume all real estate taxes payable in 2020 and thereafter.
Mineral Rights: Buyer will receive mineral rights owned by the seller.
Agency: Moss Auction Team and their staff are exclusive agents for the Seller.
Auction Company Note: Announcements on Sale day take precedence over printed material or any other oral statement made.
Disclaimer and Absence of Warranties: The property is being sold on an “as is, where is, with all faults” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential buyer is responsible for conducting his or her own independent inspections, investigations and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Seller and the Auctioneer reserve the right to preclude any persons from bidding if there is any question as to the person’s credentials, fitness, etc. Auctioneer has final decision on all matters pertaining to this auction.
Seller: Charlie Powers
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic.#440.000148