AUCTION
8588 & 8876 County Road 400E
McLeansboro, Illinois
Offered by sealed opening bid with three highest bidders invited to increase their bid at live event
BIDS DUE NO LATER THAN
NOVEMBER 20, 2019 AT 5PM
Tract 1: Approximately 59 acres of mostly tillable ground and includes a strip of land extending to road for access. This strip of land will be sold with the acreage. It is not an easement.
Tract 2: Approximately 25 acres with a 9,000 sq. ft. machine shed in what appears to be very good condition, and a 1 ac. (approx.) pond .An unfinished house also sits on the property and appears to be in very poor condition.
Tract 3: Approximately 40 acres, heavily wooded. Perfect for deer hunting…or any other wildlife!
Tract 4: Approximately 40 acres, heavily wooded with a 1410 sq. ft. pole barn house built in 2008. Electricity has been installed, but no septic or city water.
AUCTION TERMS 8588 & 8576 County Rd. 400E., McLeansboro, IL
Sale Method: Property to be offered at auction. Suggested opening bid for all 4 tracts combined is $235,000.
THIS IS A SEALED OPENING BID AUCTION. YOU MUST SEND IN AN OPENING SEALED BID. THE THREE HIGHEST BIDDERS WILL BE ALLOWED TO INCREASE THEIR BID AT LIVE EVENT. Contact auction company for bid form. Bank letter/verification of funds available must accompany bid form. 618-521-7818. Live event will be held November 23 at Union Hall in McLeansboro
Registration: In order for a bid to be considered, bidders must meet above requirements and read, agree to and sign the auction terms
Survey: No survey is provided. All lines outlined by seller and auction company are approximate using mapping resources available.
Possession: At closing, within 45 days after auction
Taxes: Pro-rated to date of closing
Financing: Sale is NOT contingent on financing. Make arrangements prior to bidding. THIS MEANS ALL INSPECTIONS, APPRAISALS OR ANYTHING ELSE LENDER REQUIRES MUST BE DONE PRIOR TO BIDDING. ONCE PROPERTY IS SOLD, WINNING BIDDER IS EXPECTED TO FOLLOW THROUGH OR LOSE EARNEST MONEY. PLEASE BID ACCORDINGLY. BALANCE IS DUE WITHIN 45 DAYS AFTER AUCTION
Buyers premium: No buyer’s premium will be added.
Earnest Money and Purchase agreement: Immediately following the close of bidding, the approved high bidder will deposit with Kim Duncan Auction & Realty $5,000.00 per tract or $10,000 if buying all 4 tracts earnest money in the form of a cashiers check and sign a purchase agreement with the seller. Balance due at closing no later than 45 days after signing of contract. In the even of default, earnest money will NOT be refunded.
Conditions and easements: Sale is subject to all easements, covenants, and restrictions on record.
Kim Duncan Auction & Realty and Kim Duncan Auctioneer are agents for the seller only
Disclaimer and Absence of Warranties
All information contained herein and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statement made. The property is being sold “AS IS-WHERE IS”. And no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information provided is believed to be true and accurate, but is subject to verification by all parties relying on it. No liability for its accuracy errors, or omissions is assumed by the auction company or its agents. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, etc. All decisions of the auctioneer are final.
ALL REAL ESTATE AUCTIONS CONDUCTED BY KIM DUNCAN AUCTION & REALTY ARE VIDEO RECORDED 1 HOUR PRIOR TO, DURING AND 1 HOUR AFTER AUCTION.
