Philadelphia, MO 63463 - Shelby County

Wednesday, May 29, 2024 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Shelby & Marion County, Missouri

The Dennis J. & Kathy L. Dawson farm contains approximately 205 acres (subject to survey) to be sold in 3 tracts and is located in Marion and Shelby County, MO. Tract 1 is located 2.5 miles south of Steffenville, MO (Shelby County). Tracts 2 & 3 are located north and west of Philadelphia, MO (Marion County).

Tract 1 is further described as being in Section 3, T59N-R9W, Tiger Fork Township, Shelby County, Missouri. Tracts 2 & 3 are further described as being in Section 19, T59N-R8W, Union Township, Marion County, Missouri.

SELLER

Dennis J. & Kathy L. Dawson

MANAGED BY

Steve Zeiger (573) 231-9802

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

205.2 acres (subject to survey) 3 tracts

The tracts offer an excellent opportunity. Tracts 1 & 3 are nearly 100% tillable with tract 2 offering excellent recreational opportunities, as well as a nice pond and beautiful building sites.

Farmers and investors - be sure to check out these properties which offer something for everyone.

TRACT INFORMATION

Tract 1 - 17.2 surveyed acres

FSA maps indicate 15.13 cropland acres

NCCPI Overall Rating: 77

Soil type includes Blackoar

20 wide ingress/egress easement from Shelby Co. Rd 310 (Shelby Co. Rd 310 is located just north of the property)

Tract 2 - 90 acres (subject to survey)

Improvements include recently refurbished 1.4 acre pond

Public water located approximately 400 to the east of Hwy J and Co. Rd 119

Access along the east side by County Road 119

Tract 3 - 98 acres (subject to survey)

FSA maps indicate 95.22 cropland acres

NCCPI Overall Rating: 65

Soil types include Leonard, Armstrong, Mexico, Gorin, and Lindley

Access along the south side by Hwy J and along the east side by County Road 119

METHOD & TERMS

The Dennis J. & Kathy L. Dawson farm will be sold on a price per acre basis, based on surveyed acres. All tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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, payable to Accurate Land Title Co., which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Friday, June 28, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes due and payable in 2024. Buyer will be responsible for the 2024 taxes and beyond. Possession will be given at closing, subject to the 2024 farm lease, of which the new buyer will receive income for the 2024 crop year (contact auction manager for details regarding the 2024 farm lease for tracts 1 & 3 only). Open crop tenancy for 2025 and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

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 Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Dennis J. & Kathy L. Dawson

Closing & Title Work:

Accurate Land Title Co

218 Broadway, Hannibal, MO 63401 | (573) 221-1002

Auction Managers:

Steve Zeiger (573) 231-9802

Dan Sullivan (319) 795-1833