Farm details:

Here's a rare, and a possibly once in a lifetime, opportunity to purchase prime Scott County, MO farmland that hasn't changed hands for more than 80-years. This 160+/- acre beauty is ideally located on HWY W, approximately 4.5 miles West of Oran, MO and close to Interstate 55 halfway between Cape Girardeau and Sikeston. The farm has seen many improvements over the years, including the installation of two irrigation wells and laser grading for flood irrigation. Of the total acres, 158.32 are considered FSA cropland acres. The owners have enjoyed a long-term agreement with a local farmer who has managed the farm with outstanding stewardship, including the installation of the wells, and professional grade work. The farm is open for the 2025 farm season. The new owner will have the option of farming it themselves or leasing it to a farmer of their choosing. Take time to look at the pictures and video. I think you'll be impressed with the quality of this farm. Register now and make plans to win the bid on November 8th.

House details:

The farmland and house will be offered combined as a single tract. The house will be open for viewing on October 13, 2024, from 12pm to 4 pm. This 3 bedroom, 2 bath country home was build in the 1970's by the Crader family. It offers a nice living room, a family room addition, good size eat-in kitchen, lots of cabinets, and a laundry room conveniently located off the kitchen. The home is equipped with rural water and septic. The sellers indicate the septic tank was installed new approximately 15-years ago and it collects both grey and black water. Central heating and air conditioning are provided by a dual-purpose Carrier unit located at the back of the house. The propane tank is leased from a local company and was recently filled. The heating unit, hot water tank, oven, and clothes dryer are all propane. High speed fiber optic cable is also available. The home need some TLC and updating, but it will make someone a nice home in a great country location. Please plan to attend the open house to view. House and land are both being sold as is, where is, no warranty expressed or implied.

Irrigation wells:

There are 2 wells that support the irrigation of the farmland.

Both wells were installed in approximately 2014.

Contractor was Brown Well Drilling, from Bell City.

Each produce an approximate flow rate of 1,400 - 1,500 gallons per minute.

Each has a casing size of 16 inches.

The depth of both is approximately 65-70 feet.

There are no fees assessed for water usage, e.g. State, County, City

The installed 14" turbine pumps belong to the Lessee and are not included in the auction, however, he is interested in selling them (reference terms of sale).

Operation of the pumps requires a power unit of approximately 60hp. Power unit is not included in the auction.

The fuel tanks are not part of the auction. The winning bidder will need to make arrangements for their own fuel tanks.

Location:

State HWY W., Oran, MO

County: Scott

School District: Oran R-III

Acres:

160+/- Taxed Acres (source tax documents)

158.32+/- FSA Cropland Acres (source FSA 156ez)

You'll be bidding on 160+/- Acres

CRP Details: N/A

Taxes:

$1,511.69 to be verified by the buyer.

Features:

Prime Quality Farmland

80-years Family Owned

99% Tillable

Put to Grade in 2014

Irrigation Wells in Place

Outstanding Location, HWY W

Extensive Road Frontage

3 Bed, 2 Bath Home

30-minutes to Cape Girardeau

30-minutes to Sikeston

Viewing the Land:

Interested parties are welcome to go look at the farm. Please be respectful and do not damage growing crops.

Viewing the House:

The house will be open for viewing, October 13, 2024, from 12 to 4pm.

Online bidding only

November 1, 2024, bid opening, 10:00 am

November 8, 2024, bid closing begins at 10:00 am

December 19, 2024, close at the title company

Bid Increments:

Starting at $0 bid increment is $500 per acre

Starting at $6,000 bid increment is $250 per acre

Starting at $8,000 bid increment is $100 per acre

Starting at $9,000 bid increment is $75 per acre

Starting at $10,000 bid increment is $50 per acre

Starting at $11,000 bid increment is $25 per acre

Starting at $12,000 bid increment is $15 per acre

Starting at $13,000 bid increment is $10 per acre

Auction Terms & Conditions:

Land and house will sell combined as a single offering (not separated)

The installed 14" irrigation turbine pumps belong to the lessee and are not included in the auction, however, he is interested in selling them for $8,000 each. He indicates this is approximately 1/2 price of new replacements. If the winning bidder is interested in purchasing the pumps, we will provide you with the lessee's name and phone number at the conclusion of the auction.

Operation of the irrigation pumps requires a power unit of approximately 60hp. A power unit is not included in the auction.

The irrigation pump fuel tanks are not part of the auction. The winning bidder will need to make arrangements for their own fuel tanks.

The seller reserves the right to remove any personal property prior to closing. Any personal property items remaining on the property at the time of closing will become the property and responsibility of the winning bidder.

There are three older grain bins on the property. A family member will be removing the middle bin prior to closing.

The stove, refrigerator, dishwasher, washer, & dryer will all stay with the house.

The farm is open for the 2025 growing season.

There are no farming, hunting, or residential leases that extend beyond 2024.

Sellers to retain 100 percent of rent and/or share crop income for the 2024 farm season.

Winning bidder to receive full possession at time of closing, subject to tenant rights to harvest the growing crops, if any.

This is an online only auction.

Online bidding opens November 1, 2024, at 10 am.

Online bidding begins closing November 8, 2024 at 10 am.

Auction will end with a soft close, meaning that a bid in the final minute will extend bidding by approximately 5 minutes. The auction will continue to extend as long as there is active bidding.

Bids placed will be on a per acre basis (your bid times the total acres).

Bidders will be required to register and sign terms/conditions before bidding on the auction.

Bidders are required to register 24 hours prior to bid closing.

The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement, and any seller disclosures provided by the seller, and render 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.

Premier Land & Auction Group / Real Broker, LLC must receive a signed copy of the contract (hand delivered, faxed, scanned and emailed, or electronically signed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.

The sellers shall have the right to accept or reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns.

This agreement is NOT subject to financing, inspections, or other contingencies or delays to the closing for such a reason. Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit. Sales are non-contingent; failure to close will result in forfeiture of the earnest money.

Buyer must secure their own necessary financing approval prior to the auction. Sale is subject to owner confirmation and reserves the right to accept or reject any and/or all bids.

The property is sold As Is, Where Is and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding.

Sellers and/or the Auction Company do not guarantee acres. Taxes will be pro-rated to the day of closing. Guaranteed Marketable Property Title to prospective buyer. Seller shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute a proper deed conveying the real estate to the buyer.

New Owners will be granted possession of the property at time of closing subject to existing leases as prescribed by Missouri Law. Premier Land & Auction Group / Real Broker, LLC are exclusive agents of the seller.

Sale shall include all mineral rights owned by the seller if any.

Property is sold based on the legal description.

All information contained in this advertisement and all related advertising materials are subject to the terms and conditions outlined in the purchase agreement.

Under no circumstances shall Bidder have any kind of claim against Premier Land & Auction Group/ Real Broker, LLC, the Sellers, or any party if the Internet service fails to work correctly before or during the auction.

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed.

All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction.

There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied.

Please make all inspections and have financing arranged prior to the end of bidding.