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Auction Information
Auctioneer Bearrows Real Estate & Auction Co. 815-562-5113
Auction Date Dec 15 Auction
Location
802 Main Street
Ashton, IL
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 6953
    Property Address    
Thorpe & Reynolds Rd
Ashton, IL 61006
    Attached Files    
Full Color Flier (PDF)

LAND AUCTION

138 Acres Lee County Farm Land

Friday December 15th, 2017  /  10:00 AM

 

Land Location & Auction Location: , This parcel is located at the SE corner of Reynolds & Thorpe Rd., Ashton IL. For your comfort & convenience this auction will be held offsite, indoors at the Huddle Restaurant at 802 Main Street in Ashton IL. Watch for Bearrows Real Estate & Auction signs off Rt. #38 in Ashton IL

Auctioneers Note: This property will be offered in one parcel only of 138 acres. All announcements made day of the auction take precedence over any and all prior statements and or advertising. Visit our web site at www.bearrows.com for further information & full color pictures, or Contact Auctioneer John Bearrows for a full color brochure.

 

Land Description: 138   Prime Lee Acres MOL - No Buildings. This farm has frontage on Thorpe & Reynolds Rd., Ashton IL. /  PI# 139.3 - Property available for the 2018 Crop Year

TERMS AND CONDITION OF SALE:

1. TERMS: A minimum deposit of 10% of the purchase price in the form of cash, certified check, bank draft or personal check shall be made by the successful Bidder(s) on the day of sale for each parcel, or the combination of them. At such time, the successful Bidder(s) shall enter into purchase contract. On or before January 31st, 2018, the Buyer(s) shall pay the balance of the purchase price in full. Buyer to credit the seller for fall tillage done in fall of 2017. A copy of the purchase contract will be available for inspection at the closing desk on the day of the auction, or by contacting the auctioneer.

2. POSSESSION: Buyer(s) to receive full possession upon closing. The current tenant has interest in renting this property back for 2018 season, should the buyer need someone to operate it.

3. TAXES: Seller(s) pays all 2017 Taxes due in 2018, in the form of credit at closing based upon the latest available information.  No further pro-rations will be made after closing.

4. NOTE: All announcements given on the day of sale shall take precedence over any, and/or all previous advertising or descriptions. The method, order of sale and bidding increments shall be at the sole discretion of the auctioneer. This auction will be recorded.

5. DEED: Seller(s) will provide a commitment letter of title insurance in the amount of the purchase price and stamped Trustee’s deed to Buyer(s) at time of closing.

6. BIDDING: Bidding on this parcel will be on a per acre basis, and the final sale price will be based upon 138 acres.

 7. BIDDERS: Bidder(s) should rely upon their own inspections and not upon any description or nomenclature of the auctioneer.  Seller(s) assume no liability for errors or omissions in this or any other property listing, advertising, promotion or publicity statements and material.  Although information has been obtained from sources deemed reliable, the aforementioned Seller(s) make no guarantee as to accuracy of the information herein contained or in any other property listing or advertising.

 

Owner: Gladys M. (Henert) Terry Estate

 

Attorney For The Seller:

Williams McCarthy LLP  /  Attorney Daniel A. Huntley

120 W State St., 4th Floor, Rockford IL 61105-0219

815-987-8900




Auctioneer License Information: 440.000243

    Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com 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.
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