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Tract 6- LEASE POSITION ONLY, NO REAL PROPERTY WILL BE CONVEYED
Tract 6- LEASE POSITION ONLY, NO REAL PROPERTY WILL BE CONVEYED

Tract 6- LEASE POSITION ONLY, NO REAL PROPERTY WILL BE CONVEYED

Lot Closed

Auction by Merit Auctions, LLC(15)
This item is in Lancaster, MO

Similar Items

Overview of Tract 6- LEASE POSITION ONLY, NO REAL PROPERTY WILL BE CONVEYED

Item Details

Item Location - CityLancaster
Item Location - Address498 Lincoln St.
Item Location - State/ProvinceMissouri
  • This tract will include a lease on a storage building that is approximately 40ft. x 50ft. This structure includes a 20ft. x 44ft. open lean to addition, a concrete floor and electrical service. This also includes the land the building is sitting on.

  • Said lease is for $375.00 per year with the lease ending on November 10, 2036.

  • Please note: There will not be any real estate or physical ownership of the building conveyed.

  • Access is on the north by Lincoln St.
  • Physical Address:
    498 Lincoln Street
    Lancaster, MO 63548

LEASE CONTRACT_STEGGALL.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

Darwin L. Steggall Estate Real Estate., Schuyler County, MOTuesday, Oct 24, 2023 | 3:00 PM CDT

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
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