34d 10h Left
Tract 2 - 81.52 taxable acres+/-{"message":"In _app.tsx child of Layout","renderCount":1}
Tract 2: The Lower Farm - 114.86 +/- Acres
Lot Closed
Auction by Kelso Rhoades Real Estate Auction Group
This item is in FARMINGTON, IL
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Easy Road Access to this LA County Lot!$7,000.00Overview of Tract 2: The Lower Farm - 114.86 +/- Acres
Item Details
Tract 2 “The Lower Farm”:
-114.86 +/- Acres
-94.1 +/- Tillable Acres. Easy access to each of the fields from Oak Grove Road.
-Field #1: 42.63 +/- Acres. Weighted Average PI: 114.9
-Predominant Soils: Keomah silt loam, Rozetta silt loam & Navlys silty clay loam
-Field #2: 37.00 +/- Acres. Weighted Average PI: 114.5
-Predominant Soils: Rozetta silt loam, Fayette silt loam & Navlys silty clay loam
-Field #3: 5.51 +/- Acres. Weighted Average PI: 118.3
-Predominant Soils: Rozetta silt loam
-Field #4: 8.96 +/- Acres. Weighted Average PI: 118.4
-Predominant Soils: Rozetta sil loam & Keomah silt loam
-Remaining acreage (20.76 +/- Acres) consists of timber and waterways. There is a drilled well located on the Northwest side of the farm.
**The sale of both tracts is subject to a 10-day first-right of refusal. Please call auction company for additional information**
Tax ID's: 15-35-400-015, 15-35-300-005 & 008
Annual Taxes: $1,811.10
Location: 1.25 Miles South of Smithville Road, on Oak Grove Road, in Section 35, Trivoli Township, Peoria County, Illinois.
Terms of Sale:
The Metzger farm will be sold in two tracts, using the "buyer's choice" method of sale. The highest bidder will be given the opportunity to select one or both tracts for purchase. Should they only select one, an additional round of bidding will take place for the remaining tract.
The sale of these properties is being made with no financing, appraisal, or inspection contingencies, and are being sold “as-is”, with no warranties or guarantees. The successful bidder(s) will be required to execute a real estate sales contract immediately following the sale. A non-refundable deposit, equal to 10% of the purchase price, will be collected from the successful bidder(s).
Both tracts are being sold subject to a farm lease for the 2020 farming season. The seller has served a termination notice to the tenant farmer that will take effect immediately following the 2020 harvest. Seller will retain all of the income for the 2020 crop year, and will also be responsible for the entirety of the 2020 property taxes, payable in 2021.
Closing will take place on, or before, November 4, 2020, at Brewer Law Office in Tremont. The seller will pay for all title search fees and at closing will issue a Commitment for Title Insurance to the buyer, in the amount of the purchase price, ensuring to the buyer that the property is being sold clear of any defects or liens. The seller will also pay for preparation and transfer of the deed, transfer taxes, one-half of the actual closing fee, and will pay the entirety of the 2020 real estate taxes, payable in 2021.
All announcements made on the day of the sale will take precedence over anything previously printed. The seller reserves the right to reject any and all bids. All maps and measurements are based on information readily available from the Peoria County Assessor's Office and boundary lines are considered to be approximate. Buyers should do their due diligence prior to bidding.
Payment
Please contact the auction company for payment instructions.
Wire TransferCash
Auction Details
PEORIA COUNTY LAND AUCTION - 193 ACRES - 2 TRACTS1001 E FORT STREET, FARMINGTON, IL, 61531Wednesday, Sep 16, 2020 | 10:30 AM CDT
Auction House
Terms Of Sale
DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.
FIRST-RIGHT OF REFUSAL: ALL OFFERS ARE SUBJECT TO A 10-DAY FIRST-RIGHT OF REFUSAL.
CONTINGENCIES: This sale is not contingent on Purchasers ability to obtain financing, or subject to any home, radon, lead-based paint, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing.
No New Survey: The Property shall be conveyed by the existing legal description.
Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.
Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in Fulton County, Illinois.
Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.
Terms for Online Bidding: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than September 17, 2020. The terms of the real estate sales contract will take precedence of any claims made in this notice. Earnest money in the amount of 10% of the sales price will be collected in the form of check or certified funds, made payable to Brewer Law Office. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than November 4, 2020. The closing will be held at Brewer Law Office in Tremont, IL. If you have any questions, please call our office at 309-647-8811.
AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DOB Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.