LAND AUCTION
40.27 Acres M.O.L.
Maple Park, IL
Virgil Township – Kane County
***SOLD***
Saturday - February 26, 2011
11:00 A.M.
Auction will be held at Hughes Creek Golf Club 1749 Spring Valley Drive, Elburn, IL. 60119
Land Location: North of Elburn, IL 2 miles on Rt. 47 to Welter Rd., then west 1 ½
miles to farmland. This land is situated in Virgil Township, part of the NW ¼ of Section 24 and the SW ¼ of Section 13, T40N-R6E.
Description of Land
Tract #1 40.27 Acres M.O.L. of unimproved farmland with 38 acres tillable. Soil Types: Houghton, Drummer, Elburn, Wingate, Kaneville, Blackberry. There is road frontage on Welter Rd. This tract is buildable and Zoned - F District Farming and in the Lily Lake/Central School District. PIN #’s: 07-13-3000-0009 and 07-24-100-006. Taxes: $756.34.
Bidding will be on a per acre basis multiplied by the number of surveyed acres. The purchase price will relate to the parcel as a whole. The successful Buyer will be required to put down10% day of auction and execute a contract for the purchase of the real estate under the terms and conditions specified herein. The earnest money should be in the form of a personal check or cashier’s check. The balance of the purchase price will be due at closing to be held on or before March 28, 2011. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price and will provide a Deed conveying the Farmland to the Buyer. Seller will pay the 2010 taxes due in 2011. The general taxes for 2011 payable in 2012 shall be pro-rated as of the date of closing. The farm land will be available for the 2011 crop year. Seller reserves the right to accept or reject any or all bids.
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or oral statements. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.
For more information, call for a brochure or visit http://www.espeauctions.com/.
Edward and Catherine Zimmer
Attorney for Seller – Gerald K. Hodge - Kinnally, Flaherty, Krentz & Loran, P.C.
630-907-0909
Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or oral statements. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.