Van Merchant Farm
Seward Township, Winnebago County, Illinois
Fantastic Farmstead with Large Buildings
Class “A” Soils All Tillable Farm
Bidding Open Now! - Just Click on the Bid Here Button to the Left
SELLING AT ABSOLUTE AUCTION - NO MINIMUM, NO RESERVE
Tract 1: Approximately 7.05 acres +/- in Section 17 of Seward Township. Fantastic site of buildings including a 2,300 +/- square foot, 3 bedroom, two bath, one-and-one-half-story home with an addition and finished basement. Forced air, LP gas furnace and central air. A four car garage is attached by a breezeway.
Property lines will follow approximately the grass outline of the farmyard, shown in yellow on the attached photos. If the two tracts sell separately there will be a survey done at the seller's expense. If the two tracts sell together, there will be no survey performed.
Outbuildings include fantastic heated shop – 5,200 +/- sq. ft., that includes a large overhead door, one walk-in door, and a 17' eave height. This building fully concreted building is insulated and includes multiple heat sources with a supplemental wall mounted heater. This building is used for machinery and miscellaneous storage.
Machine Shed #1 – 4,100 +/- sq. ft., Includes rolling doors and one walk-in door. Approximately 50% of this shed includes a concrete floor. This building is used for machinery and miscellaneous storage.
Machine Shed #2 – 18,300 +/- sq. ft., This building is used for storage. Approximately 30%-40% of this building includes a concrete floor.
Machine Shed #3 – 10,000 sq. ft. +/- use for machinery storage, dirt floor
Grain Storage includes approximate 32,000 bushel and 10,000 bushel grain bins with a 70’ grain leg and dump pit. There is also an approximate 6,000 bushel Harvestore.
Earnest Money: $25,000 due at contract signing. Your bid is for the entire 7.05 acres +/- with all buildings.
Tract 2: Approximately 88 Acres +/- in Section 17 of Seward Township. Predominant soil types are Plano, Troxel, Osco & Ogle Silt Loams with 134 average PI. Property located at 1660 S. Spielman Road; Parcel Number: 13-17-100-002. Tile has been installed on the north end of the farm. Excellent farm with high productivity and investment potential. Earnest Money: $100,000 due at contract signing. Bidding is by the entire 88 acres +/-, not by the acre.
Property lines will follow approximately the outline in yellow on the attached photos. The 7.05 acre farmstead is NOT included in this tract. If the two tracts sell separately there will be a survey done at the seller's expense. If the two tracts sell together, there will be no survey performed.
Taxes for the entire farm for 2020 were $10,196.68. This included both the buildings and the land. Taxes will be prorated to the time of closing for the homestead if sold separately. Taxes for the farm will be paid by the buyer in their entirety and not prorated. Buyer will receive all farm income from the 2021 farming season and is responsible for 2021 taxes in their entirety. The farm has an excellent tenant available for an investor who may purchase the farm. The farm is under a current farming contract for the 2021 growing season. Farming lease is available in the Documents tab of this website.
A 3% Buyer's Premium will be added to the bid price.
Farm will be sold in an online only auction. If a bid is place in the last 5 minutes of the auction, all tracts will be extended by 5 minutes. The auction will end only after no bids have been placed on any tractor for a period of 5 minutes. Bidding is by the entirety, for the total purchase price. Earnest money is applied to each tract individually and if buying more than one tract, earnest monies for each tract are added.
Closing will be in thirty days at Security First Title Company in Freeport, IL. Interested parties are encouraged to inspect the farm personally at their convenience. Buildings will be open for inspection at the Open House. Signs are posted on each tract.
UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and are required to fully and correctly complete and properly sign without any modifications and return the completed, signed contract to Aumann Auctions, Inc. by email, fax or delivered in person by 4:00 PM of the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions, if needed will be provided to the Buyer if requested. Purchaser shall be responsible for all wire transfer fees.
Successful bidder not executing and returning the completed contract and earnest money deposit by 4:00 PM the day after the auction may be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance, (c) assign the contract to another bidder or (d) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. In such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.
Both the Successful Bidder and Seller shall indemnify Aumann Auctions, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.
REAL ESTATE TERMS:
• BUYER’S PREMIUM: A 3% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the property.
• DATE OF CLOSING: The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing.
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specified.
• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller.
• CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for
conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents or Representatives. Buyer and or
Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
• DISPUTES: Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Stephenson County, IL or (b) tried in a court of jurisdiction in Stephenson County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc. These terms are subject, written and agreed upon under the laws of the State of Illinois and the prevailing party shall be entitled to recover their actual attorney’s fees and costs.
BIDDING AND REGISTRATION INFORMATION
BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Aumann Auctions, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from
bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Bidder grants auction company the permission to charge their credit card for either full or partial payments and agree there will be no chargebacks under any circumstances.
MAXIMUM BID: When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.
AUCTION END TIMES: Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes. In the event that the auction overtime period is extended past one half hour, the auctioneer at their discretion by shorten extension times. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, re-open the bidding or close the bidding at their sole discretion. Neither the company providing the software, nor Aumann Auctions, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.