Auction, Sold

SOLD! Absolute Land Auction – 700 +/- Acres – Monroe County, IL

Valmeyer, IL 62292
  • 700.00 Acres
  • Monroe County

Description

Absolute Land Auction - 700 +/- Acres - Monroe County, IL

Property Address:  8743 Levee Rd - Valmeyer, IL

SOLD At AUCTION!!!!

Auction to be held: November 10th, Saturday at 10 AM @ ACORNS GOLF LINKS 3933 AHNE ROAD 
WATERLOO, IL 62298

8 TRACTS - from 5 acres with a home to 215 acres Mostly tillable. Mostly Contiguous. To be surveyed. Section 10, 11 & 15  T2S - R 11 W Monroe Co IL

Sellers - Estate of Clement Wittenauer & The Catholic Diocese of Belleville, IL

Property Detail:

(FINAL SURVEY TO GOVERN -Newly Surveyed Acres!  Tillable acres are approximate and may vary.)

SOLD At AUCTION!!!! - Tract 1 - 68 +/- acres (66.7+/- acres) - This property lays south of Merrimac Rd. FSA shows mostly tillable acres. Soil types indicate 114.2 PI. This is parcel 06-15-100-003-000 (67.280 acres per tax bill - survey to govern) 2017 taxes $971.54

The following tax bills are to be divided for Tract 2, 3, 4, 5, 6, 7 & 8 - Parcel number 06-10-200-003-000 - 2017 taxes $2691.38 Parcel number 06-11-300-001-000 - 2017 taxes $9406.34

SOLD At AUCTION!!!! - Tract 2 - 125 +/- acres (123.2+/- acres)- This property has an owned road from Merrimac Rd. Consists of approximately 110. 7 +/- acres of tillable land with a 113.8 PI (Tract 3 will have an easement on this road and across the southeast section between the road and tract 3.)

SOLD At AUCTION!!!! - Tract 3 - 125 +/- acres (129.0+/- acres) - This tract of land will have road frontage on Levee Road plus an easement for access across tract 2. The property is approximately 120 acres tillable. Soil types indicate 114.5 PI There are a couple of wet spots on this tract that could make for some good waterfowl hunting.

SOLD At AUCTION!!!! - Tract 4 - 44 +/- acres (47.3+/- acres) - Mostly tillable, soil types indicate 112.7 PI. Road frontage on Levee Rd.

SOLD At AUCTION!!!! - Tract 5 - 20 +/- acres (21.9+/- acres)- This 19.75 tillable acres has frontage on Levee Road. Soil types indicate 112.5 PI

SOLD At AUCTION!!!! - Tract 6 - 114 +/- acres (115.0+/- acres) - 112 +/- tillable acres with frontage on Levee Rd. Soil types indicate a 111.4 PI This tract of land has approximately 80,000 bushels of bin storage and 2 older buildings.

SOLD At AUCTION!!!! - Tract 7 - 215 +/- acres (200.7+/- acres) - 200+/- tillable acres with frontage on Levee Road (The county owns an acre that the landowner can rent from the county to farm.) Soil types indicate 103 PI. Part of this farm is across the ditch, a new concrete culvert was recently installed by the railroad. Access to the ground on the east side of the railroad is over the tracks. The access road is owned and has been recently rocked. An easement has been granted to the property to the south.

SOLD At AUCTION!!!! - Tract 8 - Home & 5 +/- Acres (No change in acreage)- This 3 bedroom home on 5 acres would make a great home or an investment. While it needs some work, the home has potential to be a 4-5 bedroom home with 2 bathrooms. New aeration system installed 2 years ago, well was 3 years ago.NOTE - Tract 8 cannot be combined with any other tract as the sellers are not the same.

FSA Information: According to FSA maps it show 677.32 tillable acres on this farm.

Agent Comments: Excellent farm investment. It is not often this amount of land can be purchase all in one place. It took Clem many years to put it all together.

Terms & Conditions:

Registration: Proper and complete registration is required to bid. All bidders must provide name, address, phone number, and email address to register. A registered online bidder will then be qualified by the auctioneer to continue; the bidder will be asked for a copy of a state-issued ID and must be at least 18 years of age.  Credit card verification is required to bid online. The credit card will be validated before bidding access is granted, but is not a recognized form of payment of the deposit or purchase price.  Deposit must be wired by the close of business the next day.  The credit card will not be charged unless Winning Bidder fails to complete the contract signing process and required wiring, then $1000 will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.  Auctioneer reserves the right to refuse to register or admit Buyer at his/her sole discretion. Online bidders must be verified 24 hours in advance of the live auction. Buyers should register as early as possible to obtain information about the properties and increase the likelihood of being notified of any pertinent changes that take place before the auction.

Contract: Winning bidder will sign in person or electronically the auction sales contract immediately after the sale.

Earnest Money:  Within 24 hours of the close of bidding, the approved high bidder will deposit a non-refundable payment of 10% down  - deposited with Mon-Clair Title Company. Any stop payment order of a check, or giving a check, which is returned marked “insufficient funds,” shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud.

Closing: On or before December 21, 2018.

Taxes: 2018 taxes will be credited by the seller at closing, estimated on current tax figures available from the county. The buyer will be responsible for taxes for 2019 and on.

Mineral Rights: Any owned will sell with the property.  No mineral search performed.

Farm Lease: Subject to current farm lease. 1/3 - 2/3 on the winter wheat & fertilizer.

Possession: Subject to the current farm lease. At the harvest of winter wheat for the land that has been planted in winter wheat by November 10th, 2018. Land not planted in wheat will have possession available at closing. The farmer has possession of the bins until August 1, 2019

Financing: Your bidding is not conditional on financing, make arrangements before bidding.

Survey: Survey will be finalized before closing.

DISCLAIMER AND ABSENCE OF WARRANTIES: Subject to prior sale.  Subject to all easements, covenants, and restrictions on record. All information contained herein, and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller(s) or the auction company. Each potential bidder is responsible for conducting his or her independent inspections, investigations, inquiries and due diligence concerning the property. The figures, estimates, and drawings of acreages and boundary lines in the printed material or on the website are approximate and are not guaranteed. The information provided here is believed to be accurate but is subject to verification by all parties relying on it. The Seller(s) or the auction company or their agents assume no liability for its accuracy, errors or omissions. It is the responsibility of each bidder to make sure that the Auctioneer is aware of his or her intent to place a bid. Auctioneer disclaims any liability for damages, whether direct, indirect, consequential, or incidental, resulting from bids not spotted, executed, or accepted. Bidders should also be careful to bid on the correct item and ensure that his/her bid is for the amount intended. Auctioneer is not responsible for errors in bidding, and Buyer hereby releases the Auctioneer and waives any claims for bidding errors. The sale is complete when the Auctioneer so announces in a customary manner.  The auctioneer is not responsible for errors in the internet connection or the functioning of the computer system at that time. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The seller and auction company reserve the right to disqualify or refuse any bid from the person if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final, and all announcements made the day of the sale by the Auctioneer will take precedence over printed or spoken information made prior. Auctioneer has the right to cancel the sale. Property Peddler Inc. and their agents work for the Seller.

Auctioneer  Brad Chandler  IL Lic # 441.002105

Call Property Peddler Inc  - Auctioneer and Real Estate Broker /Owner - Brad Chandler 618-791-3289 to discuss this property, or to talk about booking your own auction.  We can do a multi-par auction, live or online.

P#069

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