REAL ESTATE:Residential Lots-1.2 Acres-Rail Estates,Sherman

Description

REAL ESTATE: Residential Lots - 1.2 Acres - Rail Estates Sherman 1215 & 1237 Golf Crest, Sherman IL 62684 REAL ESTATE AUCTION ONLINE AUCTION DATE: Thursday December 4th 2025 - 6:00pm cst Bidding will be held online at BENLADAGE.COM Beautiful 1.2-acre lot in desirable Rail Estates! Located next to The Rail Golf Course with golf cart access. Walking distance to Carpenter and Sherman Parks. This quiet, upscale neighborhood features unique street lighting and offers gorgeous golf course, forest, and farm views. With minimal traffic at the end of a dead-end road, you'll enjoy the peaceful feel of country living while being just minutes from town. Build your dream home in Sherman today and enjoy one of the area's most sought-after settings! The following real estate Located at 1215 & 1237 Golf Crest, Sherman IL 62684 will be sold ONLINE ONLY. (MLS) PRICE LISTED IS STARTING BID PRICE Bid at BENLADAGE.COM and to see complete auction terms Estate covenants can be sent by email upon request. The covenants are also available for viewing on the MLS For more information: AGENT FOR THE PROPERTY Call or text Jamie Murphy at 217-652-8667 or email jmurphy8604@gmail.com. Property is being sold "as is", in its present condition with no warranties either expressed or implied. Please view all documents including the covenants and GIS Map. 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 Jamie Murphy, The Real Estate Group, or Ben Ladage Auctions & Realty regarding this property. Parcel ID: #06-35.0-301-019 & 06.35.0-301-016 Legal Description: LOT 4 RAIL ESTATES TERMS & CONDITIONS: $5000 down at the close of the auction, with the balance due at closing on or before January 4, 2026. 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. Cornerstone Title Groupe LLC, 3500 Mitchell Dr suite b, Springfield, IL 62711will 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: $1046.76 & $1085.56 ($2,132.32 Total) Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and 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 & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Please Read 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! The auction is a soft close auction which means that it starts to close at the time stated, however if someone has placed a bid in the last 3 minutes, then this item will stay open for 3 more minutes. This will continue until time is out. Owner: Cal Thomas Jamie Murphy, Broker Ben Ladage, Auctioneer Office Phone - 217-652-0924 Managing Broker: The Real Estate Group Go to www.benladage.com for pictures! Contact Ben Ladage Auctions 217-652-0924 or email auctions@benladage.com with any questions ---------------------------------------------------------------------------------------------------------------- This auction is being sold with a reserve and is subject to seller approval. The seller reserves the right to accept or reject any and all bids. The final bid is not deemed accepted until confirmed by the seller. How Does the Real Estate Auction Work? Participating in a real estate auction is similar to a traditional real estate transaction, but with a few key differences. Here's how the process works: 1.Auction Ending Date and Final Price Determination oThe auction will conclude on Dec 4th, at which point the highest bid will determine the final price. oThe seller reserves the right to accept or decline the final bid, even after the auction ends. 2.Contract Signing oOnce the final price is accepted, we will execute a standard real estate purchase contract. oThe property will be sold "as-is", and an "as-is" addendum will be included in the contract, meaning the buyer accepts the property in its current condition without requiring repairs or modifications by the seller. 3.Financing Options oBuyers may finance the purchase through a mortgage lender or complete the transaction using cash. oIf financing is involved, buyers should ensure they are pre-approved by their lender prior to the auction to avoid delays or complications. 4.Closing Period oA standard closing period of approximate days 30 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. The property is sold "as-is," so all due diligence must be completed in advance. oEarnest Money Deposit: $5000 earnest money deposit within 24 hours of the auction's conclusion. oAuction Terms and Conditions: Bidders should carefully review the terms and conditions of the auction before participating to ensure a full understanding of the process and their responsibilities. 6.Questions or Concerns oIf you have any questions about the property, auction process, or transaction details, feel free to reach out to Ben Ladage, a licensed real estate broker and auctioneer. oAlready working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.