Mt Summit Rd, Chester, IL 62233 - Randolph County

ONLINE AUCTION: Randolph County IL 72 Acres - Income Producing / Hunting & Rec

Bidding Opens Friday, October 7, 2022 at 8 a.m. CST

Bidding Closes Thursday, November 17, 2022 at 8:00 p.m. CST

Property Inspection: Saturday, October 22, 10 a.m. to 2 p.m.

Property Address: Mt. Summit Road, Chester IL 62233

DESCRIPTION

This 72+/- acres has 29 acres tillable with woodland and a 2-acre pond. It is located on good roads southeast of Chester with more than a 1/4 mile of road frontage. There is a 48 x 50 pole building and a masonry basement that has a wood frame cover. It could be improved to be a viable structure. Power is on the property. A mature woodland supports a healthy deer and turkey population that hunters can appreciate.

Parcel #: Part of 08-034-011-00, 08-034-008-00, 08-034-007-00

Taxes: $640

Section 25, T7S-R6W

TERMS

NO BUYER'S PREMIUM.

SALE SUBJECT TO CONFORMATION OF SELLER(S).

PROCEDURE: On-Line Only Auction. Open bidding will be available until 8:00 PM CST Thursday, November 17, 2022. Bidding will be per tract $1000 bid increments.

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.

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: 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 45 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 subject to the harvest of the growing crop.

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: Mark Kennedy, IL Lic #440.00022