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Scotland County (MO) Land Auction

Location: 123 W. Monroe Street, Memphis, MO

Memphis (MO) VFW Hall

5 PM Tuesday September 25th, 2018
REAL ESTATE
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​This listing posted Aug. 23; for updates or more photos and info, CLICK HERE
 
135 Acres m/l in 5 Tracts
 
Land represents productive tillable cropland, CRP acreage, prime building sites, excellent stocked ponds and offers outstanding hunting/fishing/recreational acreage.
 
Open House: Saturday, Sept. 8th from 12 Noon to 1 p.m.

Land is located along US Hwy. 136 in Section 9, T65N•R10W, Scotland County, MO near the small town of Arbela, MO. Arbela, MO is approximately 9 miles east of Memphis, MO. Farm is improved with 2 very nice country homes & outbuildings with excellent location along US Hwy. 136.
 
 Tract Information

Tract 1 – 32 Acres± (Subject to Survey)
  • FSA figures should indicate approximately 10.19 acres tillable cropland of which 7.15 acres are enrolled in CRP at a payment rate of $107.69 through 9-30-2021 with the balance in excellent stocked lakes and small wooded areas.
  • Tract is improved with a nice 1998 built 1,120 sq. ft. (total living space), 3 bedroom, 2 bath, lakeside residence, which includes a 2 car attached garage, 12 x 77 wood deck, ground source heat, central air and rural water. Other improvements include a good garage/storage pole type shed with overhead doors. Appliances convey.
  • Access from the north by US Hwy. 136.
 
Tract 2 – 10 Acres± (Subject to Survey)
  • FSA figures should indicate approximately 3 acres tillable cropland of which 3 acres are enrolled in CRP at a payment rate of $107.69 through 9-30-2021 with the balance in small ponds and building site.
  • Tract is improved with a 2010 built 1,728 sq. ft., 4 bedroom, 1 bath, ranch style country residence. Home features open design, new flooring, central gas heat, central air and rural water. Other improvements include an 87′ x 84′ sq. ft. shed with full concrete floor.
  • Access from the north by US Hwy. 136.
 
Tract 3 – 27 Acres± (Subject to Survey)
  • FSA figures should indicate approximately 18.77 acres tillable cropland of which 17.25 acres are enrolled in CRP at a payment rate of $107.69 through 9-30-2021.
  • Soil types: Armstrong, Adco and Gorin.
  • Land represents productive tillable cropland, premier building sites and includes an outstanding fully stocked lake.
  • Access from the north by US Hwy. 136.
 
Tract 4 – 46 Acres± (Subject to Survey)
  • FSA figures should indicate approximately 44.2 acres tillable cropland of which 44.2 acres are enrolled in CRP at a payment rate of $107.69 through 9-30-2021.
  • Soil types: Armstrong and Adco.
  • Land represents productive tillable cropland, premier building sites with US Hwy. 136 and State Hwy. A frontage.
  • Access from the west by State Hwy. A.
 
Tract 5 – 20 Acres± (Subject to Survey)
  • FSA figures should indicate approximately 5.7 acres tillable cropland.
  • Soil types: Armstrong and Adco.
  • Land represents productive tillable cropland, premier building sites, hardwood timber, stocked pond and offers premier hunting/recreational acreage.
  • Access from the south by US Hwy. 136.
 
Method and Terms
 
Acreages in this advertisement are estimated. A survey will be completed prior to the sale on all 5 tracts. Tracts 1 & 2 will be sold for a lump sum total dollar amount. Tracts 3, 4 & 5 will be sold on a price per acre basis based on acreages obtained from completed survey. Tracts 3, 4 & 5 will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of Tracts 3, 4 & 5 for their high bid.

The property will not be offered in its entirety at the conclusion of the auction. Bidding is NOT contingent upon financing.

At the auction immediately following the bidding, the winning bidder(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Scotland County Abstract & Title, which shall hold the money in escrow until closing.

The balance of the purchase price will be due at closing which will take place at Scotland County Abstract & Title on or before Monday, November 5, 2018.

Farmland that is not enrolled in CRP sells free and clear for the 2019 crop year.

The 2018 real estate taxes will be prorated to the date of closing. The 2019 real estate taxes and subsequent years will be the responsibility of the buyer(s). Title Insurance in the full amount of the purchase price will be provided. Closing costs will be split between buyer & seller.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure 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 made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

Linda Shannan – Seller
 
Closing & Title Work By:
Scotland County Abstract & Title Inc., 205 East Monroe, Memphis, MO. Ph: 660-465-7052

Scotland County (MO) Land Auction



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