298.96 Acre Land Auction Fayette County & Marion County Illinois
Listing ID#: 819314
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Rural Farina Rural Fayette Couny IL Farina, IL 62838 |
| Sale Dates and Times |
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Bidding Starts: Friday Oct 10, 9:00 AM Bidding Ends: Monday Nov 10, 5:00 PM |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Schmid Auction & Realty Co. Contact: Trent Schmid Phone: 217-857-1507 Email: sold@schmidauction.com Website: www.schmidauction.com/ EstateSale.com ID#: 8468 View company information and listings |
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To bid click on green box view online auction catalog or go to www.bidschmid.com
298.96 +/- Acre Land Auction Online-Only Absolute (No Reserve) Land Auction Fayette & Marion Counties, Illinois
Starts to Close on Monday, November 10th at 5:00 PM (Online Timed Auction)
TRACT INFORMATION
Tract 1: Acres: 42 +/- (40.63 +/- tillable) Located in Section 31, LaClede Township, Fayette County, IL
Tract 2: Acres: 78.3 +/- (42.61 +/- tillable) Note: Of the total tillable acreage, 22.48 +/- acres are currently farmed and 20.13 +/- acres are in a CRP, though the 20.13 +/- acres are farmable. Remaining acres (non-tillable) are mostly wooded areas with large trees and a ½ acre pond with slate rock on the banks. Excellent Whitetail Deer & Wild Turkey Hunting Land. Located in Section 35, LaClede Township, Fayette County, IL * An agricultural easement will be granted to farm the south part of Tract 2
Tract 3: Acres: 89.33 +/- (89.33+/- tillable)
Tract 4: Acres 89.33 +/- (77.35.09 +/- tillable; 7.21 wooded hunting land with large trees) Note: Excellent Whitetail Deer & Wild Turkey Hunting Land. Located in Section 2, Meacham Township, Marion County, IL. . Tract has legal access down a private lane.
Seller: Juanita Sigrist Estate and Albert Sigrist Testamentary Trust Attorney: Dale Wolff McDevitt Osteen Chojnicki & Deters, LLC 127 W Jefferson Ave, Effingham, IL 62401 (217) 342-8060
AUCTION TERMS & CONDITIONS
Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence. Absolute Auction: Property sells with no reserve. Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres for each tract. Purchase agreements will reflect the total tract price (not per-acre price). Bidding Increments: $25.00 per acre. Extended Bidding: Any bid placed on Tracts 1 within the final 2 minutes will extend bidding on Only Tract 1 by 2 minutes. Any bid placed on Tracts 2, 3 and 4 within the final 2 minutes will extend bidding on all 3 tracts, 2, 3 and 4 by 2 minutes. Down Payment & Closing: 10% of the total purchase price is due on auction day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company. Purchase Agreement: Successful bidders must sign purchase agreements on Tuesday Nov 11th or Wednesday Nov 12th. (in person or via DocuSign). Crops & Possession: Current farm tenant retains rights to 2025 crop. New owners gain possession at closing if harvest is complete, or upon completion of harvest if crops remain in the field. Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only. Announcements: Auction day announcements take precedence over printed materials. Liability: Schmid Auction is not responsible for accidents.
Your Opportunity to Own Prime Illinois Farmland.
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