Real Estate & Farmland Auction | Thursday, February 16, 2017 – 6 PM Central
Real Estate & Farmland Auction
33.98 +/- acres in Douglas County, IL Offered in 2 Tracts
Magnificent 1,450 Sq. Ft. Modern Home on 2.9 +/- acres
with 3-4 Bedrooms, 2 Bathrooms and 2 Garages
& 31.08 +/- acres of Tillable Farmland
Thursday, February 16, 2017 – 6 PM Central
Auction location: American Legion Post 201, 108 E. Green St., Newman, IL.
Directions to Auction Site: From the intersection of U.S. Highway 36 & Broadway St. in Newman, travel 4 blocks north on Broadway St. to Green St., turn right/east on Green St. to the American Legion.
Directions to Property: from Newman travel west 4 miles on US Hwy. 36 to CR 2165E, turn south onto CR 2165E to property on west side of the road.
Tract 1: 2.9 +/- acres with a magnificent 1,450 +/- sq. ft. ready to move into modern country home built in 1997 with 3-4 bedrooms, 2 bathrooms, kitchen with Amish made Oak cabinets, family room with vaulted ceiling, 2 car heated/AC attached garage and a 2 car unattached garage. Home includes appliances of refrigerator/freezer, dishwasher, oven and washer & dryer. House as Anderson windows and doors, recent 40 gallon gas hot water heater, natural gas forced air furnace, central AC, gas fireplace, water softener and 200 AMP service. Home also has less than 5 years on new hardwood flooring. Property is located in Shiloh School District and has a beautiful large yard with many types of trees.
Tract 2: 31.08 +/- acres of quality Douglas County farmland with 29.36 highly productive tillable acres classified NHEL and road frontage on CR 2165E. The Productivity Index (PI) for the soils on this farm is 128.25.
F.S.A. Information: 31.96 acres of DCP cropland, with 29.36 tillable acres classified NHEL, 19.5 acres corn base, 9.8 acres soybean base; PLC-Yield of 124 for corn, 30 for soybeans. This property contains no wetlands.
Real Estate Taxes: Tract 1: The 2015 real estate taxes payable in 2016 were $2,865.58. Tract 2: The 2015 real estate taxes payable in 2016 were $551.88.
Auction Terms and Conditions
Auction Procedure: This property will be offered in 2 individual tracts. The property will be sold in the manner resulting in the highest total sale price, subject to the seller’s acceptance. The auction procedure, conduct and bid increments are at the direction and discretion of only the Auctioneer.
Acceptance of bid prices: The successful bidder(s) will be required to sign purchase agreements at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s acceptance or rejection.
Financing: Bidders keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.
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 remaining balance will be due at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer(s) will receive full possession at the time of closing.
Title: Seller will offer title insurance on the property being offered in the auction in the amounts of the purchase prices. Seller shall pay the premium for the title insurance and all search charges related to the seller.
Closing: The closing for both Tracts will take place on or before March 16, 2017.
Mineral Rights: Buyer(s) will receive mineral rights owned by seller.
Real Estate Taxes: The real estate taxes for Tract 1 will be pro-rated to the closing date based on the 2015 taxes paid in 2016. The real estate taxes for Tract 2 will be deducted from the selling price based on the 2015 taxes paid in 2016. Buyer(s) will assume real estate taxes payable in 2017 and thereafter.
Agency: Moss Auction Team and their staff are exclusive agents for the Seller.
Auction Company Note: Announcements made on sale day by the Auctioneer 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 inquiries 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. Information in this brochure is subject to verification by all parties relying on it. All dimensions and diagrams are approximate. All acreages are estimates. 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.
Sellers: Jeri Luth
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matt Moss IL lic.#440000148