REAL ESTATE: Sangamon County Farm Land - Auburn IL

Description

REAL ESTATE: Sangamon County Farm Land - Auburn, IL 66.31 Acres offered in 2 tracts 13781 Gilmore Rd, Auburn, IL 62615 Seller: Auburn Community Unit School District #10 LOCATION: Located on the north side of the town of Auburn - corner of North Grand and Gilmore Rd. QUALITY FARMLAND Tract 1: 62.31 Acres Tract 2: 4 Acres FARM GROUND REAL ESTATE AUCTION ONLINE AUCTION DATE: Tuesday, December 2, 2025 - 6:00 PM CST Bidding will be held online at BENLADAGE.COM The following real estate located at 13781 Gilmore Rd, Auburn, IL 62615 will be sold ONLINE ONLY. Tract 1: 62.31 Acres Tract 2: 4 Acres PI: 139.8 - Class A Soil Soil Types: Virden, Ipava, Buckhart (MLS) Price listed is starting bid price. Bid at BENLADAGE.COM to view complete auction terms. ________________________________________ Property is being sold "as is," in its present condition, with no warranties either expressed or implied. Each tract will sell by the acre, multiplied by the taxed acres. All boundary lines shown on maps, photos, or drone footage are approximate and for reference only. Buyers are encouraged to verify all information to their own satisfaction. No expressed or implied warranties are made by the seller or Ben Ladage Auctions & Realty regarding this property. Tract 1 Parcel ID: 34-03.0-426-028 Tract 2 Parcel ID: 34-03.0-426-011 Legal Description: PT E SE & PT SE NE (1,538,201 SQ FT) 3-13-6 ________________________________________ TERMS & CONDITIONS: Earnest Money Deposit: A non-refundable earnest money deposit equal to 10% of the final bid is due within 24 hours of the auction's conclusion. Closing: The balance of the purchase price shall be paid in full at closing, which shall occur on or before 30 days after the auction contract is executed. The successful bidder will be required to enter into a non-negotiable written purchase agreement on the day of the auction. Seller will pay the 2025 real estate taxes, and the buyer will assume all taxes thereafter. A title policy showing merchantable title will be provided, subject to permitted exceptions and the title company's standard conditions. The seller shall convey all of the seller's rights and interests in and to any mineral rights associated with the property. Bidding is not subject to any contingencies, including but not limited to financing, appraisal, or inspection. Prairie Land Title Company, 3301 Constitution Dr., Suite A, Springfield, IL 62711, will handle all title work and the closing process. Financial arrangements must be made prior to bidding at the auction, and a bank letter of credit or proof of funds will be required to bid. Buyers should have pre-approved financial arrangements in place prior to bidding. The seller reserves the right to accept or reject any and all bids. Announcements made on the day of the auction take precedence over any printed or previously released material. All information provided is believed to be accurate but is subject to verification, and no liability is assumed for errors or omissions. 2024 Taxes: Tract 1: $2,840.38 Tract 2: $189.46 Property is being sold "as is," in its present condition with no warranties either expressed or implied. Property is sold subject to owner approval, and the seller reserves the right to accept or reject any or all bids. A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction. Please have all financial arrangements and inspections made prior to bidding. Real estate taxes will be prorated up to the time of closing. Please read the Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions. ________________________________________ Want to bid but don't know how? No problem! Contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or accept phone bids as well. Soft Close: This auction will utilize a soft close. If a bid is placed within the final 3 minutes, bidding on that tract will remain open for an additional 3 minutes. This process continues until no further bids are placed. Owner: Auburn CUSD #10 Ben Ladage, Broker Office: 217-652-0924 Managing Broker: The Real Estate Group Visit www.BenLadage.com for photos and details. Contact Ben Ladage Auctions at 217-652-0924 or email auctions@benladage.com with any questions. ________________________________________ HOW DOES THE REAL ESTATE AUCTION WORK? Participating in a real estate auction is similar to a traditional real estate transaction, with a few key differences: 1.Auction Ending Date & Final Price Determination oThe auction will conclude on December 2, 2025, at which point the highest bid will determine the final price. oThe seller reserves the right to accept or decline the final bid after the auction ends. 2.Contract Signing oOnce the final price is accepted, a standard real estate purchase contract will be executed. oThe property will be sold "as-is," and an "as-is" addendum will be included, meaning the buyer accepts the property in its current condition without repairs or modifications by the seller. 3.Financing Options oBuyers may finance the purchase through a lender or pay in cash. oIf financing, buyers must be pre-approved by their lender before bidding to avoid delays or complications. 4.Closing Period oA standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction. 5.Additional Considerations oInspection Period: Buyers are encouraged to inspect the property prior to the auction date. All due diligence must be completed in advance. oEarnest Money Deposit: 10% earnest money deposit is due within 24 hours of the auction's conclusion. oAuction Terms & Conditions: Bidders should review all terms and conditions carefully before bidding to ensure full understanding of the process and responsibilities. 6.Questions or Concerns oFor questions about the property, auction process, or transaction details, contact Ben Ladage, licensed real estate broker and auctioneer. oAlready working with a Realtor? Great! Broker participation is welcome. We are happy to work with both you and your agent throughout the auction and closing process to ensure a smooth transaction for all parties involved.