Farm Land Auction - 98 AC, Brookfield Twp, LaSalle Co IL
Live Webcast Auction

Richard A. Olson & Associates, Inc

Brookfield Town Hall 2099 E 27th Rd
Marseilles, IL 61341
 

Date(s) 11/1/2024 - 11/14/2024

Thursday, November 14, 2024 @ 10:00 AM

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Live (in-person) and Online (webcast) bidding available. A 0.1% Buyers Premium applies to ONLINE bidders only. Final sale is subject to the Seller’s approval or rejection.

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Auction Information
Name Farm Land Auction - 98 AC, Brookfield Twp, LaSalle Co IL
Auctioneer
Richard A. Olson & Associates, Inc
Type Live Webcast Auction
Date(s) 11/1/2024 - 11/14/2024
Auction Date/Time Info
Thursday, November 14, 2024 @ 10:00 AM
Checkout Date/Time The closing shall take place thirty (30) days after November 14, 2024, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before December 16, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent.
Location
Brookfield Town Hall 2099 E 27th Rd
Marseilles, IL 61341
Buyer Premium 0.1% Buyer's Premium
Description
Public Farm Land Auction Thursday, November 14, 2024 @ 10:00 AM. 98.32 AC Vacant Farmland -- Part of SE ¼ of Sec 3 – Brookfield Twp – LaSalle Co, IL Auction Address: Brookfield Town Hall, 2099 E 27th Rd, Marseilles, IL 61341. Auction Directions: 2 miles West of the IL-170 (E 29th Rd) and N 21st Rd Intersection. Property Approximate Address: 2765 N 23rd Rd, Seneca, IL 61360. Property Directions: 1 mile South of Seneca on IL-170 to N 2350th Rd, then West 1.5 miles. Borders the LaSalle Clean Energy Cooling Lake. Farmland Tract Maps & Info available on our website www.richardaolson.com: Flyer – Aerial Map – Soils Map – Topography Map – Contours Map – Hillshade Map – Title Policy. Auction Terms: Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or “more or less”. Any announcements made on auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements. Agency: Richard A. Olson & Associates Inc and its representatives are acting as Agents of the Seller. Farm Lease: The farm lease will be terminated at the end of 2024 after Seller’s approval. The Seller retains Landlord’s share of the 2024 crops and shall pay Landlord’s share of the 2024 crop expenses. Taxes: 2024 Real Estate Taxes (due in 2025) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s). Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates, Inc. Survey: No survey will be conducted or provided to the Buyer. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller’s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing. Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit $50,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The closing shall take place thirty (30) days after November 14, 2024, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before December 16, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent. Possession: Possession will be granted on closing date. Sale Method: The real estate will be offered on a per acre basis for 98.32 taxable acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. Link to Internet Bidding: richardaolson.hibid.com. A 0.1% Buyer’s Premium applies to ONLINE bids only and will be added to the final bid. There is no Buyer’s Premium to in-person (live) bidders. Disclaimer: All decisions of the Auctioneer are final. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Approval of Bids: Final sale is subject to the Seller’s approval or rejection. SELLERS: Hausken Family Farm LLC. Seller’s Attorney: Jack Cantlin Cantlin Law Firm 760 E Etna Rd, Ottawa, IL 61350 jack@cantlinlaw.com (815) 433-4712 Auction conducted by Richard A. Olson & Associates, Inc. Dick Olson – Richard A. Olson & Assoc, Inc IL License #440.000585 Erik Olson – Lucky Auctions LLC IL License #441.001909 531 Bedford Rd, Morris, IL 60450 (815) 942-4266 www.richardaolson.com
Auction Terms: Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or “more or less”. Any announcements made on auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements. Agency: Richard A. Olson & Associates Inc and its representatives are acting as Agents of the Seller. Farm Lease: The farm lease will be terminated at the end of 2024 after Seller’s approval. The Seller retains Landlord’s share of the 2024 crops and shall pay Landlord’s share of the 2024 crop expenses. Taxes: 2024 Real Estate Taxes (due in 2025) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s). Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates, Inc. Survey: No survey will be conducted or provided to the Buyer. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller’s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing. Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit $50,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The closing shall take place thirty (30) days after November 14, 2024, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before December 16, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent. Possession: Possession will be granted on closing date. Sale Method: The real estate will be offered on a per acre basis for 98.32 taxable acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. Link to Internet Bidding: richardaolson.hibid.com. A 0.1% Buyer’s Premium applies to ONLINE bids only and will be added to the final bid. There is no Buyer’s Premium to in-person (live) bidders. Disclaimer: All decisions of the Auctioneer are final. Neither the Auctioneer nor the online bidding software and service provider shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Approval of Bids: Final sale is subject to the Seller’s approval or rejection. www.richardaolson.com
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 0.1% Buyer's Premium
Payment Terms
Down Payment/Non-Refundable Earnest Money: The successful bidder(s) will be required to deposit $50,000 earnest money to be held by Seller's Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier's check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The closing shall take place thirty (30) days after November 14, 2024, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before December 16, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent.
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