Greensburg, MO 63531 - Scotland County

SCOTLAND COUNTY, MO LAND AUCTION - MALLETT

Thursday, October 17, 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

Scotland County, Missouri

The Mallett farm is near Greensburg, MO and conveniently located on Hwy 15 and off County Line Road, 11.6 miles north of Edina, MO and 12.4 miles south of Memphis, MO. The farm is further described as being located in Section 35, T64N-R12W, Tobin Township, Scotland County, Missouri.

SELLER

Donald L. Mallett and Virginia Anne Mallett Family Trust

Martha Gudehus and Terry Mallett, Co-Trustees

MANAGED BY

Louie Zinn (319) 795-2314

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

158 acres (subject to survey) 4 tracts

Farm represents productive tillable cropland, well maintained pastureland, home, and outbuildings.

TRACT INFORMATION

Tract 1 - 73 acres (subject to survey)

FSA records should indicate 61.59 acres of cropland

NCCPI Rating: 74.7

Soil types include Lamoni, Kilwinning, and Armstrong

Land represents productive tillable cropland with the remainder in brushy ditches and draws

Hunting opportunities

Excellent building site with all utilities present

Access from the west off Highway 15

Tract 2 - 39 acres (subject to survey)

FSA records should indicate 36.38 acres of pastureland

Land represents a mix of pastureland and timber

Pond in place that offers ample water for livestock

Hunting opportunities

Improved with a 40 x 50 x 16 pole shed with electricity (built around 2002)

Fences in place

Access from the south off County Line Road

Tract 3 - 39 acres (subject to survey)

FSA records should indicate 35.94 acres of cropland/pastureland

Currently 11.44 acres in row crop production

NCCPI Rating: 65.7

Soil types (on the tillable) include Leonard, Gifford, Kilwinning, and Armstrong

Land represents a mix of productive tillable farmland and pasture/hay

Pond in place that offers ample water for livestock

Fences in place

Access from the south off County Line Road and from the east off Halfway Road

Tract 4 - 7 acres (subject to survey)

FSA records should indicate 4.62 acres (currently in hay production)

Land is improved with older home and outbuildings (home can be viewed by appt. only)

Great building site with all utilities present including rural water and fiber internet

Outbuildings include pole barn with half concrete floor (30 x 40 x 14)

Fully restored 1931 Aermotor 602a windmill (recently restored by Midwest Windmill Company)

Scotland County R1 school district

Access from the west off Highway 15

METHOD & TERMS

The Mallett farm will be sold on a price per acre basis, based on the surveyed acres. Tracts 1-3 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts 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 3 tracts have been elected. Tract 4 will be sold for a lump sum total dollar amount. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(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, payable to Scotland County Abstract, 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 November 18, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes through a credit at closing. Buyer will be responsible for the 2025 real estate taxes and beyond. Possession at closing. Open farm/pasture/hunting tenancy as of January 1, 2025.

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 all 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.

Donald L. Mallett and Virginia Anne Mallett Family Trust

Martha Gudehus and Terry Mallett, Co-Trustees

Representing Attorney:

Evan Shoemaker, Associate Attorney | Van Matre Law Firm, P.C.

1103 E Broadway, Columbia, MO 65201 | (573) 874-7777

Closing & Title Work:

Scotland County Abstract

205 East Monroe Street, Memphis, MO | (660) 465-7052

Auction Managers:

Louie Zinn (319) 795-2314

Dan Sullivan (319) 795-1833