ONLINE AUCTION: Jefferson County IL 49+- Acres / 4 Tracts / Farmland / Pasture / Ponds

Bidding Opens Thursday, October 31, 2024

Bidding Closes Thursday, November 7, 2024 at 8pm CST (Soft Close)

Property Inspection: Saturday, October 26, 2024 - 4 to 6 pm

Property Address: 10361 N. Puckett Lane, Mt. Vernon IL 62864

DESCRIPTION

Located South edge of Mount Vernon IL near the new hospital and new schools.

Offering in 4 tracts, multipar auction.

Includes a 70-foot easement to the tracts.

Tracts lay level to gently sloping.

All four tracts have 5-strand, fairly new barbwire fence. Owners had cattle running on it.

Tracts could be used for home sites, subdivision, farming or remain as pasture.

The land type is presently cropland per tax statement.

Tracts will be surveyed as needed per sellers decision.

Two of the tracts have ponds.

One of the tracts has 5 acres of mature woods.

Parcel # Part of 10-12-326-007

Section 12, T3S-R2E

Schools: Mt. Vernon High H201 & McClellam Community E12

TRACT 1 - 13 +/- acres (to be surveyed)

Frontage on private roadway

Fenced with recently new 5-strand barbwire fence on most of the tract

Established pasture

Great home sites

Could be farmed

Subdivision possibilities

Lays flat to gently sloping

TRACT 2 - 11+/- acres (to be surveyed)

Frontage on private roadway

Fenced with recently new 5-strand barbwire on most of the tract

Established pasture

Great home sites

Could be farmed

Subdivision possibilities

Flat to gently rolling

Great lake site

TRACT 3 - 14+/- acres (to be surveyed)

Frontage on private roadway

Fenced with recently new 5-strand barbwire on most of the tract

Pond

Loafing shed for livestock

Established pasture

Great home sites

Could be farmed

Subdivision possibilities

Flat to gently sloping

TRACT 4 - 11+/- acres (to be surveyed)

Access to private roadway

Fenced with recently new 5-strand barbwire on most of the tract

Pond

5+/- acres wooded with mature tree, very clean woods, no undergrowth

Established pasture

Great home sites

Could be farmed

Subdivision possibilities

PROCEDURE:

Registration: Proper registration is required to bid. All bidders must provide name, address, phone number and email address to register. 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.

Note: If you are unable to bid Online or are unsure about the reliability of your internet connection, call the Auctioneer and make alternative bidding arrangements at least 24 hours before close of auction.

Bidding will be on a PER TRACT BASIS with MINIMUM OPENING BID of $35,000 for each tract. Minimum bid increments - $250. Flat Bidding, not eBay style.

Bidding OPENS THURSDAY, OCTOBER 31, on single tracts. At 7PM CST on THURSDAY, NOVEMBER 7, 2024 bidding will open for combination bids. Individual tract bids will remain open.

Bidding will close at 8PM CST on THURSDAY, NOVEMBER 7, 2024, subject to bid extensions (Soft Close).

TERMS AND CONDITIONS

NO BUYER'S PREMIUM.

SALE SUBJECT TO CONFIRMATION OF SELLER(S).

NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.

ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

REAL ESTATE TAXES: Prorated to day of closing.

SURVEY: Tracts will be surveyed as needed per sellers decision.

MINERAL: Any mineral owned will transfer, if any. Present ownership unknown.

CONTRACT AND DOWN PAYMENT: Contract for purchase to be signed within 24 hours of close of auction. A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, wire transfer, business check or cashier's check and received within 3 business days. Earnest check to be made to Buy A Farm Land & Auction Co. Trust Account. The balance of the contract purchase price is due at closing. 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.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, a proper deed conveying merchantable title to the real estate to the Buyer(s) and tax transfer stamps. Buyer will pay the deed recording, Title Policy and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer and Seller.

CLOSING: Closing shall occur within 45 days or as soon thereafter as applicable closing documents are completed. Seller shall pay for recording release from any mortgage. Buyer shall pay for recording the deed of conveyance from Seller and any mortgage title insurance charges. Any closing costs not herein provided for shall be borne by Buyer. Seller shall cause the Closing Statement to be delivered to Buyer at or before the closing.

POSSESSION: Possession at closing.

AGENCY: Buy A Farm Land & Auction Co LLC is the Agent and Representative of the Seller.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed the owners or Buy A Farm Land & Auction Co LLC All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the Seller(s) or Buy A Farm Land & Auction Co LLC pertaining to this property. Real estate is being sold "As Is, Where Is".

AUCTIONEER: Donald Bailey, IL Lic #441.002325, 618-919-1031.