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Callaway County Land Auction

1 (Copy) Sold

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Property Description

Auction Date: Wednesday, July 26th @ 10AM

Auction Location: Knights of Columbus Hall, 318 N. Sturgeon St., Montgomery City, MO 63361

Located 11.9 miles west of Montgomery City on State Hwy B then south on county road 1037 and county road 1051. Follow Auction signs.

Due to the proximity of this farm to our main headquarters we have decided to sell the following at Public Auction.

Shelton Family Partnership, Seller

This 343+/- acre farm is being offered in 3 Tracts.  The property represents a combination of good productive tillable land and woods.  If you are looking to add to your farming operation, investment portfolio, and/or looking for good hunting land with return be sure to attend this outstanding sale.

Tract 1 – 143+/- acres with approximately 111 acres of productive cropland. Soil types consist of Keswick and Gorin silt loams. Balance is in woods and waterways.

Tract 2 – 112+/- acres with approximately 92 acres of productive cropland. Soil types consist of Keswick and Gorin silt loams. Balance is in woods and waterways.

Tract 3 – 88+/- acres with approximately 27 acres of productive cropland. Soil types consist of Keswick and Gorin silt loams. Balance is in woods and waterways. This tract also offers some outstanding deer and turkey hunting.

For more information call or text Jason Cleveland at (636) 751-4579 or Jason Wallingford at (314) 882-6971.

Dave Atkinson, Auctioneer

 

TERMS & CONDITIONS ON REAL ESTATE

PROCEDURE: Tracts 1 through 3 will be offered “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of Tracts 1 through 3 for their high bid (price per acre basis). “Buyer’s Choice” auctioning will continue until all of Tracts 1 through 3 has been purchased.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the winning bidder. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

INCOME: Seller to retain all 2017 crop income.

ACCEPTANCE OF BID PRICES: Successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. Sale of all real estate is subject to the confirmation of the Sellers.

CLOSING: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.

TITLE: Seller shall furnish the buyer(s) at Sellers’ expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title.

REAL ESTATE TAXES: Seller to pay all 2017 real estate taxes.

All announcements made sale day take precedence over prior advertising either written or oral. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction.

There are no expressed or implied warranties pertaining to this property. Real estate is being sold “As Is, Where Is”.

Property Details