Description

SOLD AT AUCTION!

71 acre(s), Hunting in Monroe County

Listing Number: 66A

PROPERTY DETAILS

(Recently surveyed updated acreage)

71 +/- acres  - (67.6 Acres) Mixture of CRP and Woods in Waterloo School District.   To be surveyed.  Offered in 4 tracts.

Tract 1 – 17.0 acres with approximately 13.5 ac in CRP paying approximately $2152 per year until fall of 2024.

Tract 2 – 17.0 acres with approximately 11 acres in CRP paying approximately $1762 per year until fall of 2024. This property also has a nice size pond

Tract 3 – 15.1 acres with approximately 14.5 acres in CRP paying approximately $2322 per year until fall of 2024.

Tract 4  - 21 +/- acres (18.5 acres) with approximately 9.75 in CRP paying approximately  $1521 per year until fall of 2024

Directions: This property is on Altes Rd just north of the intersection of Altes Road &  Sutterville Road.

FSA Information: Much of the farm is enrolled into Conservation Reserve Program (CP-1) paying 160.19 per acre until 9/30/24.  The buyer is buying it subject to the terms of The CRP agreement and continuing the program.

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; bidder will be asked for a copy of 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 next day.  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. Buyer 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 close of bidding, the approved high bidder will deposit a non-refundable payment of 10% down  - deposited with Monroe 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 October 18th, 2018.

Taxes: Part of Parcels - 15-02-400-004-000  & 15-10-200-003-000 – Buyer will be credited for the 2018 Taxes due 2019 at closing based to the most current information available.

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

Farm Lease: Subject to current Crop Reserve Program Contract.  Seller will retain the full payment paid in 2018 and the Buyer will receive the full payment in 2019 and thereafter.

Possession:  At closing subject to current Crop Reserve Program Contract.

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

Survey: Survey will be finalized before closing.  Cost of survey will be paid for by sellers.

Broker Co-broke: 2% -  The broker must register the bidder prior to any bidding by the represented party.  IF registered bidder is the accepted winning bidder, then the sponsoring broker will be paid 2 % at closing when it closes.   By registering a bidder, the broker understands that the bidder is in agreement with the terms of the auction and if the accepted high bidder, the bidder will have to sign an auction sales agreement at the close of the auction.

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. Property Peddler Inc. and their agents work for the Seller. Subject to prior sale.

Auctioneer  Brad Chandler  IL Lic # 441.002105

Broker Licensed held with Keller Williams Marquee Lic # 475.162275

Agent Comments:

Opportunity to purchase a small piece of land with a possible opportunity to build in the future after the CRP contract is complete.

Legal Description: Part of Sec 3&10 T4S R10W Monroe County, IL

Parcel(s): Part of Parcels - 15-02-400-004-000 & 15-10-200-003-000

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 auctions.  No two auctions are the same.