Description
Real Estate & Personal Property Auction, Marion County, IL
Home & Outbuildings on 4.2 ± Acres
Address: 4224 County Farm Road, Salem, IL 62281
LIVE AUCTION DATE: Saturday, Nov. 16th
- Personal property all being sold by Mike Hammond Auction Company.
- Personal Property begins to sell at 9AM
- Real Estate will sell at 1 PM
Rainy Day Date: Sunday, Nov. 17th
- Personal property all being sold by Mike Hammond Auction Company.
- Personal Property begins to sell at 11 AM
- Real Estate will sell at 3 PM
Please call auction cell phones or listen to WJBD radio 1350AM & 100.1 FM for updates.
This property consists of a 3 bedroom 2 bath home, 1,404 Sq. Ft. The home has a front porch, a 34' x 21' enclosed garage area, and a 2-car garage with a breezeway in between. The property also hosts a 48' x 44' pole barn and a 16' x 28' wood storage shop building - all on 4.2 acres.
- Age of the home: 1942 (source: county)
- Square Footage: 1,404
- Lot Size: 4.2 acres (source: county GIS)
- Heating: Gas, Forced Air
- Cooling: Central Electric & Window Unit
- Water Heater: Gas
- Roof: Shingle (new in 2024)
- Basement: Partial, Unfinished
- Utility Providers:
- Water ~ Raccoon Public Water
- Sewer ~ Septic
- Electric ~ Tri County
- Garage: 2 Car Attached with Breezeway
- School District(s): Salem School District
- Drive Times:
- 5 minutes from Salem
- 25 minutes to Mt Vernon
- 45 minutes to Effingham
Directions: Take Rt 50 east of Salem, IL 2.5 miles to County Farm road & turn north to property on east side
Legal Description: 75FT OFF N END SW COR SW NW & PT SW NW STEVENSON TOWNSHIP MARION COUNTY IL
Parcel(s): 12-08-100-005 & 12-08-100-006
Taxes: 2023 - $2602.00
AUCTION TERMS AND CONDITIONS -
Bidding information: This is a live auction. No online bidding. Seller reserves the right to accept or reject the high bid.
Property sold AS-IS.
Registration: Proper and complete registration is required to bid. All bidders must provide name, address, phone number and email address to register - To complete the bidding process Property Peddler will require a copy of state ID. 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. Co-Broke offered for Buyers agent to pre-register before November 15th at 6 p.m
Contract: Winning bidders will sign the auction sales contract immediately after the sale.
Earnest Money: The day of sale, the approved high bidder will deposit a non-refundable payment of $2500 down - deposited with Hudspeth Law Office. 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 January 6, 2025
Closing Cost: Buyer shall pay the purchase price, plus any customary closing costs. The closing costs may include but are not limited to the following: escrow/closing fees, recording fees, normal pro-rations, and/or document fees such as later date charges or wiring fees brought on by the title company.
Title Company: Hudspeth Law Office, LLC - 222 West Main St Salem, IL 62881 - 618-548-9100
Taxes: Taxes will be prorated to the day of closing.
Mineral Rights: Any mineral rights owned will sell with the property. No mineral search performed. It is assumed that mineral rights have been detached from the property.
Possession: Day of closing.
Financing: Your bidding is not conditional on financing, make arrangements before bidding. Not contingent on appraisal.
Survey: No survey provided - selling by legal description.
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 announces in a customary manner.
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. The Auction Company reserves the right to bid. Auctioneer has the right to cancel the auction. Property Peddler Inc., staff and agents work for and are agents of the Seller Only in an auction situation.
Mike Hammond Auction Company is an independent contractor / auctioneer with real estate licenses being held at Property Peddler Inc. The auction is being conducted by Mike Hammond Auction company with the real estate being sold in conjunction with Property Peddler Inc. Personal property all being sold by Mike Hammond Auction Company.
Property Peddler - Auction Company IL Lic. # 444.000622
