ABSOLUTE AUCTION: 300 +/- ACRES
EDWARDS COUNTY, IL
ABSOLUTE REAL ESTATE AUCTION
WEDNESDAY, NOVEMBER 15, 2017 • 12:00 NOON CT
300 +/- ACRES
William Wilson Auction & Realty, Inc. has been authorized to sell approximately 300 acres located in Sections 6 & 7 of Salem Township, Edwards County, Illinois.
- 300 +/- Total Acres with 180 +/- Tillable Acres (subject to survey)
- Fantastic Lake and Cabin Retreat
- Located just North of West Salem, IL
- GPS Locator [38.541101, -88.023645]
- Nice Recreational Opportunities
- Offered in (6) Tracts, Combinations, and the Entirety
- Buy from 20 Acres to the Entire Contiguous Farm
PROPERTY DESCRIPTION – Quality Tracts of Edwards County Farm and Recreational Land:
Tracts 1, 4, 5 & 6: 180+/- Acres Cropland
For the farmland investor, these tracts are productive Edwards County farmland featuring a good mix of Belknap (382) and Newberry (13B) as the predominant soil types. The tracts also feature road frontage along CR-700E to the West in Sections 6 & 7 of Salem Township. Weighted CPI: 91.3
Tract 2: 46-Acre Recreational/Hunting Tract
A 46-acre tract nearly all wooded with a small tillable acreage perfect for food plots. This tract is accessed via a proposed 30′ easement off of CR 2000N.
Tract 3: A Fantastic Lake Cabin Retreat
An outstanding 23-acre tract accessed via a gated drive off of CR 700E. This tract features a 28′ x 53′ modular home with many amenities including wrap around porch that showcases a stone charcoal grill and fire pits. Other improvements on this tract include a 19′ x 54′ equipment shed, 22′ x 28′ carport/storage barn, and a 12′ x 16′ workshop w/ basement. The site is dressed with a white fence and large mature trees. Lakeside, there is a fishing dock and a boat dock and both have access to electricity. Located 60 miles NW of Evansville, 60 miles SE of Effingham, and 60 miles NE of Mt. Vernon IL, this tract would be attractive for a weekend retreat.
Tract 1: 63.0± ac
Tract 2: 46.0± ac
Tract 3: 23± ac
Tract 4: 83± ac
Tract 5: 56± ac
Tract 6: 20± ac
AUCTION LOCATION: The auction will take place at Windsor Oaks, 2200 Court St, Grayville, IL 62844 on Wednesday, November 15, 2017 at 12:00 NOON CT.
INSPECTIONS: November 5, 2-4:00 PM or November 8, 12-1:00 PM on-site at the property. All times (CT)
INSPECTION HEADQUARTERS: Auction Company representatives will be available at Tract 3.
AUCTIONEER’S NOTE: William Wilson Auction Realty is pleased to offer this quality Edwards County farm, offering productive tillable farm fields, wooded acreage, and an outstanding lake and cabin. The property sells at Absolute Auction, regardless of price. Don’t miss it!
All announcements the day of the auction take precedence over printed material or any other oral statements made.
PROCEDURE: The real estate will be offered in multiple tracts, combinations of tracts, and the entirety. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.
DOWN PAYMENT: A 10% down payment will be required from the successful bidder on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing. The down payment is non-refundable.
BUYER’S PREMIUM: A 5% buyer’s premium will be added to the successful bid(s) to determine the contract sales price.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. The real estate will be sold at Absolute Auction, regardless of price.
DEED: Owner shall provide Warranty Deed(s) conveying title to the property at closing.
CLOSING: The balance of the purchase price is due from the successful bidder(s) at closing, which will take place within 30 days of the presentation of insurable title.
POSSESSION: Possession on the tillable acreage shall be delivered at closing. Buyer will receive farming rights for 2018.
REAL ESTATE TAXES: The real estate taxes will be prorated to the date of closing.
MINERAL RIGHTS: The Owner(s) will retain mineral rights for twenty years or so long thereafter that oil or gas is produced.
ACREAGE: All tract acreages, dimensions and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos. Purchaser(s) should make their own independent determination of acreage prior to bidding.
SURVEY: If a survey is deemed necessary to establish a new legal description for any of the tracts, the cost of the survey will be shared 50/50 between the Owner and Buyer(s).
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in advertising and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Owner or WILLIAM WILSON AUCTION & REALTY, including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.
DIRECTIONS TO AUCTION LOCATION – 2200 Court St, Grayville, IL 62844: From I-64, take IL-1/Exit 130 toward Grayville/Carmi. Proceed north onto S. Court St. Watch for signs.
DIRECTIONS TO PROPERTY – GPS Locator [38.541101, -88.023645]: From West Salem turn north on CR 700E and proceed to property. Watch for signs