School House Road, Mulkeytown, IL 62865 - Franklin County

ONLINE LAND AUCTION: Franklin County IL 65.65+- Acres / Deer & Turkey Hunting + Tillable Income

Bidding Opens MONDAY, MARCH 10, 2025 / Bidding Closes THURSDAY, APRIL 17, 2025 at 8PM CST

Property Inspection: SATURDAY, APRIL 5, 10AM-2PM OR By Appointment - Contact Broker Joe Corso - 618-663-1334

Property Address: School House Road & Hwy 184, Mulkeytown IL 62865

PROPERTY OVERVIEW

This property is located on the south edge of Mulkeytown and conveniently borders Hwy 184 on the east and School House Road on the north. Consisting of 65.65+/- surveyed acres. Approximately 58 acres are tillable and currently being farmed for 2025. Croplands productivity index is 91. The remaining land is in timber and natural cover for some decent deer and turkey hunting. A 30-foot ingress/egress easement runs along Hwy 184 and south border. At the north border on School House Road is a nice building site location with water and sewer easement nearby. The property offers a blend of income, hunting and building sites.

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.

The farm will be sold in 1 TRACT, online only.

Bidding will be on a PER TRACT BASIS Flat Bidding Not eBay style.

Bidding opens MONDAY, MARCH 10, 2025 and will be available until 8PM CST THURSDAY, APRIL 17, 2025, subject to bid extensions (Soft Close).

MINIMUM OPENING BID $250,000. Bid increments of $1000 per tract, or more, per bid.

TERMS & 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: Pro-rated to day of closing.

SURVEY: Property has been surveyed.

MINERAL: All owned will transfer, if any.

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 company's 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: 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: Mark Kennedy, IL Lic #440.000202, 618-924-1747.