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Tract 5- 3.4 Acre Building Lot
Lot Closed
Auction by Merit Auctions, LLC(15)
This item is in Lancaster, MO
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Item Details
Item Location - CityLancaster
Item Location - State/ProvinceMissouri
Item Location - Address400N. Linn St.
Item Location - Postal/Zip Code63548
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This tract offers several very attractive new home buildings sites, one in the northwestern portion and one in the southeastern portion. The parcel has a wooded draw running through the middle of it only adding to the charm of the tract. There is a small gazebo located on the parcel.
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Access is on the west by Linn St. and on the south by W. North St.
Physical Address:
400 N. Linn St.
Lancaster, MO 63548
REAL ESTATE CONTRACT - TRACT 5.pdf
Payment
Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales
contract and pay ten percent (10%) of the purchase price as a non-refundable down payment to
Schuyler County Abstract Co., which will hold the money in escrow until closing. Said signing of
the real estate sales contracts will be done via DocuSign or via email.
The balance of the purchase price will be due at closing which will take place on or before
December 11, 2023 at Schuyler County Abstract Co. Possession will be given at the time of closing
subject to the removal of the 2023 crop and the current cash rent & pasture rent leases. Farm sells
free & clear for the 2024 crop year.
The 2023 real estate taxes will be paid by the seller. The 2024 & all subsequent years’ real estate
taxes will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase
price will be provided by the seller. Title company closing costs will be split between the buyer
& seller.
CheckWire Transfer
Auction Details
Auction House
Terms Of Sale
The Steggall properties will be sold in numerical order beginning with Tract 1 followed by Tract 2,
etc. The tracts will not be offered in their entirety at the end of the auction.
Bidding is NOT subject to financing, appraisal or inspection.
TERMS
Immediately following the auction, the winning bidder(s) will be required to sign a real estate sales
contract and pay ten percent (10%) of the purchase price as a non-refundable down payment to
Schuyler County Abstract Co., which will hold the money in escrow until closing. Said signing of
the real estate sales contracts will be done via DocuSign or via email.
The balance of the purchase price will be due at closing which will take place on or before
December 11, 2023 at Schuyler County Abstract Co. Possession will be given at the time of closing
subject to the removal of the 2023 crop and the current cash rent & pasture rent leases. Farm sells
free & clear for the 2024 crop year.
The 2023 real estate taxes will be paid by the seller. The 2024 & all subsequent years’ real estate
taxes will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase
price will be provided by the seller. Title company closing costs will be split between the buyer
& seller.
All announcements made sale day take precedence over prior advertising either written or oral.
The information in our brochure, in our advertisements and on our website is believed to be
accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn
on maps, photographs, drone video, etc. are approximate. Buyers should verify the information
to their satisfaction. There are no expressed or implied warranties made by the seller or Merit
Auctions pertaining to this property. Real estate is being sold “AS IS”.
Representing Attorney:
Tom Hensley
122 W. Harrison Street
Kirksville, MO 63501
(660) 665-4419
Title Work By:
Schuyler County Abstract Co.
118 E. Jackson
Lancaster, MO 63548
(660) 457-3804
Auction Managers:
John Probasco (641) 856-7355
Jim Huff (319) 931-9292