Forbes Road, Kinmundy, IL 62854 - Marion County

ONLINE AUCTION: Marion County IL 11+- Acres - 1 Tract

Bidding Closes Thursday, April 21, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only

Property Address: Forbes Road, Kinmundy IL 62854

DESCRIPTION

11.2 acres Wooded and Recreational property located at the NE edge of Stephen A. Forbes State Recreation Area in Marion County IL. There is primitive cabin/shed on the property and several trails. Rolling woodlands with a rock bottom creek and frontage on Forbes Road. The back side of the property adjoins the park. Steven A Forbes Lake is a 3103-acre park with a 585-acre lake, 18+- miles of shoreline, 115 campsites and 15+- miles of Horse Trails + several campsites for the horse crowd...Great setting for a new home or a weekend getaway

Taxes: $29.76 (2020 paid 2021)

Parcel #: 04-33-400-005 (11.2 acres)

Directions: From I-57 take Exit 127 East & North 2.8 miles to Kinmundy. Exit Kinmundy East on Kinlou Road 5 miles to Forbes Road. Turn right on Forbes Road. Property will be 2+- miles South on your right.

Short Legal: Pt. E 1/3 Section 33, Township 4 North Range 4 East, Marion County IL

TERMS

NO BUYER'S PREMIUM.

SALE IS SUBJECT TO THE CONFIRMATION OF THE SELLERS.

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. Have your financing verified before you bid.

PROCEDURE: Bidding Per Tract - $1000 Bid Increments.

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: No survey provided.

MINERAL: Seller to retain 1/3 of any mineral owned for her lifetime.

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.

TITLE: Sellers shall furnish the Buyer(s) at Seller's expense marketable title in the form of Title Commitment, Title Insurance, a proper deed conveying merchantable title to the real estate to the buyer(s) and tax transfer stamps. Buyer will pay the deed recording and fees associated with mortgage/financing. Title companies closing fee will be split equally by Buyer & Seller.

CLOSING: Closing shall occur within 30 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: Possession will be given 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: Wayne Keller, Auctioneer, IL Lic #441.002475; Managing Broker , IL Lic #471.002958.