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Auction Information
Auctioneer Moss Auction Team, LLC 217-465-4545
Auction Date Nov 22 Auction
108 E. Green St.
Newman, IL
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 2786

AUCTION POSTPONED - Our November 22, 2016 Residential Real Estate and Farmland Auction in Douglas County, IL has been postponed. Also, the scheduled Open House for Saturday, November 12, 2016 from 10 AM – 12 Noon as been postponed. We apologize for any inconvenience this causes. Once we have rescheduled this auction, we will send out a notification. Please contact our office if you have any questions.

Real Estate & Farmland Auction

33.98 +/- acres in Douglas County, IL Offered in 2 Tracts

Magnificent 1,450 Sq. Ft. Modern Home on 2.9 +/- acres

with 3-4 Bedrooms, 2 Bathrooms and 2 Garages

& 31.08 +/- acres of Tillable Farmland

Thursday, November 22, 2016 – 6 PM Central

Auction location: American Legion Post 201, 108 E. Green St., Newman, IL.

Directions to Auction Site: From the intersection of U.S. Highway 36 & Broadway St. in Newman, travel 4 blocks north on Broadway St. to Green St., turn right/east on Green St. to the American Legion.

Directions to Property: from Newman travel west 4 miles on US Hwy. 36 to CR 2165E, turn south onto CR 2165E to property on west side of the road.

Tract Descriptions:

Tract 1: 2.9 +/- acres with a magnificent 1,450 +/- sq. ft. ready to move into modern country home built in 1997 with 3-4 bedrooms, 2 bathrooms, kitchen with Amish made Oak cabinets, family room with vaulted ceiling, 2 car heated/AC attached garage and a 2 car unattached garage. Home includes appliances of refrigerator/freezer, dishwasher, oven and washer & dryer. House as Anderson windows and doors, recent 40 gallon gas hot water heater, natural gas forced air furnace, central AC, gas fireplace, water softener and 200 AMP service. Home also has less than 5 years on new hardwood flooring. Property is located in Shiloh School District and has a beautiful large yard with many types of trees.

Tract 2: 31.08 +/- acres of quality Douglas County farmland with 29.36 highly productive tillable acres classified NHEL and road frontage on CR 2165E. The Productivity Index (PI) for the soils on this farm is 128.25.

Open House & Property Inspection: Saturday, November 12th from 10 AM - 12 PM Central. Interested bidders will be able to inspect the home and property offered in the auction.

F.S.A. Information: 31.96 acres of DCP cropland, with 29.36 tillable acres classified NHEL, 19.5 acres corn base, 9.8 acres soybean base; PLC-Yield of 124 for corn, 30 for soybeans. This property contains no wetlands.

Real Estate Taxes: Tract 1: The 2015 real estate taxes payable in 2016 were $2,865.58. Tract 2: The 2015 real estate taxes payable in 2016 were $551.88.

Auction Terms and Conditions

Auction Procedure: This property will be offered in 2 individual tracts. The property will be sold in the manner resulting in the highest total sale price, subject to the seller's acceptance. The auction procedure, conduct and bid increments are at the direction and discretion of only the Auctioneer.

 Acceptance of bid prices: The successful bidder(s) will be required to sign purchase agreements at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s acceptance or rejection.

Financing: Bidders keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.

Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement immediately following the close of the auction. The remaining balance will be due at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer(s) will receive full possession at the time of closing.

Title: Seller will offer title insurance on the property being offered in the auction in the amounts of the purchase prices. Seller shall pay the premium for the title insurance and all search charges related to the seller.

Closing: The closing for Tract 1 will take place on or before December 22, 2016. The closing for Tract 2 will take place after January 2, 2017.

Mineral Rights: Buyer(s) will receive mineral rights owned by seller.

Real Estate Taxes: The real estate taxes for Tract 1 will be pro-rated to the closing date based on the 2015 taxes paid in 2016. The real estate taxes for Tract 2 will be deducted from the selling price based on the 2015 taxes paid in 2016. Buyer(s) will assume real estate taxes payable in 2017 and thereafter.

Agency: Moss Auction Team and their staff are exclusive agents for the Seller.

Auction Company Note: Announcements made on sale day by the Auctioneer take precedence over printed material or any other oral statement made.

Disclaimer and Absence of Warranties: The property is being sold on an “as is, where is, with all faults” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential buyer is responsible for conducting his or her own independent inspections, investigations and inquiries concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Information in this brochure is subject to verification by all parties relying on it. All dimensions and diagrams are approximate. All acreages are estimates. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Seller and the Auctioneer reserve the right to preclude any persons from bidding if there is any question as to the person’s credentials, fitness, etc. Auctioneer has final decision on all matters pertaining to this auction.

Sellers: Michael & Jeri Luth

Auctioneer License Information: 440.000147

    Auction Listings provided by Although the information published herein is from sources deemed reliable, expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.