Coyler Road, Mcclure, IL 62957 - Alexander County

ONLINE AUCTION: Alexander County IL 432+- Acres - 2 Tracts

Bidding Closes Thursday, April 28, 2022 at 8:00 p.m. CST

Property Inspection: By Appointment Only

Property Address: RR, McClure IL 62957

DESCRIPTION

432 acres wooded and tillable located just across the Mississippi River from Cape Girardeau Missouri. Good hunting less than 5 minutes from Cape.

Tract 1 -- 156 Acres

156+- acres mostly Wooded and Recreational property located North of the Cape bridge and directly across the Mississippi River from downtown Cape Girardeau MO in Alexander County IL. Gently sloping sandy beaches along the Mississippi River with 0.72+- mile of river frontage. Loaded with Whitetail and other small game and just 5 minutes from Cape

Taxes: Taxes are comingled. This tract is $7.31+- per acre but is comingled with more than 50% tillable ground which is not being sold. Similar all wooded tracts in the area are taxed at $1.20+- per acre.

Access: From Cape cross the bridge. A little over mile past the river turn left (North) onto S. Cape Road. Follow S. Cape Road mile North to the access to the levee road.

Short Legal: Pt. of Sections 13 and 14 in Township 14 South -Range 4 West, Alexander County IL.

Tract 2 - 276 Acres

276+- acres with 60+- acres tillable just South of the Cape bridge. The tillable has a PI of 113. The balance is wooded and this tract has 1.79+- miles of river frontage just south of the Cape bridge. Also, a great hunting spot with cropland for income and a food supply for the Whitetail.

Taxes: Comingled with tillable tracts but ESTIMATED to be $4.00+- per acre.

Short Legal: Pt. of Sections 13, 14, 23, 24, 25 and 26 in Township 14 South -Range 4 West, Alexander County IL.

Access: Turn right (South) on Levee Road at the East end of the Cape bridge or access from Levee Road 3 miles South of the IL 146/Rt 3 intersection then North 3 miles to the property.

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 Acre - $10.00 per acre minimum 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: Survey to be provided. Settlement Price/acres to be adjusted to match survey.

MINERAL: Any mineral owned will transfer, if any.

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 survey and 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.