Montgomery County Farmland
Town & Country Homes and Building Site
Selling at Absolute Auction - No Minimums - No Reserves
Wonderful opportunity to buy nearly 240 acres of Montgomery County farmland, country home, building site and more, most located just 3 miles north of Hillsboro on the North Road. Numerous Tracts including:
Open House October 19th 5-7pm & October 23rd 11-1pm
Four Tracts of Farmland ranging from 33 to 112 acres
Country Brick Home with outbuildings on 5.5 acres
Country building site on 5.6 acres with North Road frontage
Nice Brick Home located at 410 Water St., Hillsboro, IL
Mobile Home on Corner Lot with Garage located at 307 23rd St., Hillsboro, IL
Tract 1 – Brick Home, Outbuildings and Country Farmstead on approximately 5.567 acres. Quiet living but conveniently located just off of the North Road about 3 miles from Hillsboro. Be in town in just a few minutes! Home is brick construction, kitchen, living room, dining room, 4 bedroom, two bath on full basement with attached garage. The home is dated, but very sound construction offering a ton of possibilities! Outbuildings include 58 x 82 pole building, 30 x 40 shop, 30 x 50 storage building, cattle loafing shed, several smaller buildings and more. 10% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $10,000.
Tract 2 – 112.0709 acres +/- in Section 23 of Butler Grove Township, approximately 95.6 acres tillable. Predominant soil types are Oconee-Darmstadt-Coulterville and Cowden-Piasa silt loams. Property located on and with road frontage on the Butler Road, just west of the North Road coming out of Hillsboro. Field lane runs nearly the entire length of the property on the east side. Property available to farm for the 2022 season. Sellers will retain the farm income for 2021 and will pay the 2021 property taxes due in 2022. Bidding is by the acre, times 112.07. 4% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $50,000.
Tract 3 – 45.0789 acres +/- in Section 23 of Butler Grove Township, approximately 37.6 acres tillable. Predominant soil types are Cowden-Piasa and Oconee-Darmstadt-Coulterville silt loams. Property located on and with road frontage on the Butler Road, just west of the North Road coming out of Hillsboro. Front field was used as pasture but could be tillable. There is access through the ditch but a culvert may be preferred for larger equipment. Property available to farm for the 2022 season. Sellers will retain the farm income for 2021 and will pay the 2021 property taxes due in 2022. 4% Buyer's Premium added to the bid price. Bidding is by the acre, times 45.07. Earnest Money due upon contract signing is $25,000.
Tract 4 – 33.2344 acres +/- in Section 23 of Butler Grove Township, approximately 30 acres tillable. Predominant soil type is Cowden-Piasa silt loam. Property located on and with road frontage on the North Road coming out of Hillsboro. Property available to farm for the 2022 season. Sellers will retain the farm income for 2021 and will pay the 2021 property taxes due in 2022. Bidding is by the acre, times 33.23. 4% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $20,000
Tract 5 – 5.6301 acres +/- in Section 23 of Butler Grove Township. Property located on the North Road coming out of Hillsboro. Established field lane runs back to the property. Small creek and wooded area surrounds a potential homesite. This had been a previous homestead and there is a wellhead on the property, condition is unknown. A wonderful place to build a home, out in the country, on an excellent road and just a few miles out of town. These types of parcels rarely come to the market! Sellers will pay the 2021 property taxes due in 2022. Bidding is for the entire purchase price of the tract. 4% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $5,000
Tract 6 – 41.1428 acres +/- in Section 23 of Butler Grove Township, approximately 35.7 acres tillable. Predominant soil types are Oconee-Darmstadt-Coulterville and Herrick-Biddle-Piasa silt loams. Property located on the corner of the Butler Road and the North Road coming out of Hillsboro. Property available to farm for the 2022 season. Sellers will retain the farm income for 2021 and will pay the 2021 property taxes due in 2022. Bidding is by the acre, times 41.14. 4% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $25,000
Tract 7 – Home in Hillsboro located at 410 Water St. in Hillsboro, IL - very well maintained brick home 1,140 square foot home with attached garage. 3 bedrooms, one bath, full basement, concrete driveway, forced air furnace, central air. Property taxes for non owner occupied of $2,633.60. 10% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $7,000
Tract 8 – 1985 Mobile Home located at 307 23rd St in Schram City - located on a corner lot with a carport and 18 x 22 garage. 900+ square feet, well maintained, two bedroom, two bath, deck and screened in porch. Very nice, peaceful spot! Small portable storage shed sells separately. 10% Buyer's Premium added to the bid price. Earnest Money due upon contract signing is $5,000
Properties 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 tract for a period of 5 minutes. Farmland is bidding is by the acre, times the number of acres in that tract for the total purchase price. The homes and the building site are bidding the entire purchase price, and not by the acre. Earnest money is applied to each tract individually and if buying more than one tract, earnest monies for each tract are added. Acreages and measurements are approximate and should be subject to bidder's own due diligence. If the properties sell in separate tracts, there will be a survey performed at the seller's expense of those tracts affected. If the tracts sell as a whole, there will be no survey performed.
UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and required to fully and correctly complete and properly sign without any modifications and return the completed, signed contract to Aumann Auctions, Inc. by email, electronic signature, 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 will be provided to the Buyer along with the contract after the auction if needed. 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 or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and 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 4% Buyer’s Premium will be added to the winning bid on the farmland tracts 2, 3, 4, 5 & 6 to determine the total purchase price of the property. A 10% Buyer's Premium will be added to the winning bid on the residential tracts 1, 7 & 8 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, Acreages 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, acreages 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 Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.
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.
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. If the auction is in extended for more than one half hour, extension times may be shortened at the auctioneer's discretion.
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, or close the bidding. 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.