485 Acres± Livingston County, MO Land Auction

485 ACRES± LIVINGSTON COUNTY, MO LAND AUCTION

Sale Date: Thursday, January 30, 2025

Sale Time: 1:00 PM CST

Auction Venue: Sale to be held at the Chula Community Center - 625 Mansur St., Chula, MO

Auction to be conducted as a live onsite auction with live online bidding.

LOCATION

The Earl farms are located approximately 5 miles southeast of the small community of Chula, MO or 9 miles north of Wheeling, MO. The land is further described as being located in Section 29, 30, 31, T59N-R22W, Medicine Township, Livingston County, MO.

AUCTION MANAGER

Josh Teter (660) 734-2111

SELLER

Jim Earl

ONLINE BIDDING

GENERAL INFORMATION

Selling 485 Acres± (Subject to Survey) • 5 Tracts

Farmers and Investors – Mark your calendars now as we are pleased to offer the sale of 485 acres± of highly productive, well-maintained Livingston County, MO farmland. The farms will be offered in 5 individual tracts through the “Buyers Choice” auction method at 1:00 PM on Thursday, January 30, 2025 at the Chula Community Center. These tracts would be great additions for an existing farming operation or a rare opportunity for a land investor to put a large portfolio together within the area. The farms will sell free and clear for the 2025 farming season. Make plans now to attend this exceptional land auction!

Rarely does tillable tracts of land become available in this area!

This is a live onsite auction with live online bidding!

Property Features:

Tract 1 - 135 acres± (subject to survey)

FSA information indicates 118.32 tillable acres
Predominant soil type: Lagonda
Entire tract is improved with well maintained field drainage tile terraces
This tract offers several attractive home building or grain bin sites
Balance of the acreage is a small timbered draw and grass waterway
Full farming rights for the 2025 crop year
Access from the north by county road LIV 210

Tract 2 - 107 acres± (subject to survey)

FSA information indicates 94.66 tillable acres
Predominant soil type: Lagonda
Entire tract is improved with well maintained field drainage tile terraces
Tract has a good pond and 2 older machine sheds
This tract offers several attractive home building sites
Full farming rights for the 2025 crop year
Access from the north by county road LIV 210 or the east by county road 269

Tract 3 - 80 acres±

FSA information indicates 71.41 tillable acres
Predominant soil type: Vesser, Lagonda
Approximately half of the tract is improved with well maintained field drainage tile terraces with the other half being bottom ground
Balance of the acreage is mature timber and offers excellent hunting/recreational opportunities with Muddy creek on the east side of the tract
Full farming rights for the 2025 crop year
Access from the west by county road 269

Tract 4 - 80 acres±

FSA information indicates 73.40 tillable acres
Predominant soil type: Lagonda
Entire tract is improved with well maintained field drainage tile terraces
This tract offers several attractive home building sites
Balance of the acreage is a small timber area
Full farming rights for the 2025 crop year
Access from the south by county road LIV 214 or the north by dirt road LIV 212

Tract 5 - 83 acres±

FSA information indicates 70.85 tillable acres
Predominant soil type: Lagonda, Sturges
Entire tract is improved with well maintained field drainage tile terraces
Balance of the acreage is a small timbered draw and grass waterway
Full farming rights for the 2025 crop year
Access from the north by county road LIV 214

Note: Click on image to enlarge.

METHOD & TERMS

Sale Method: The Earl farms will be sold on a price per acre basis – Tracts 1-2 will be sold on surveyed acres and Tracts 3–5 will be sold based on taxable acres. All 5 tracts will be offered through the “Buyers Choice” auction method, whereas the high bidder can purchase, in any order, any or all of the Tracts 1-5 for their high bid. Auctioning will continue in that manner until all 5 Tracts have been sold. The tracts will NOT be offered together or any combination at the conclusion of the auction. Property will be sold in as-is condition and is NOT contingent upon buyer's financing, condition of property, appraisal, inspection, or any other contingencies.

Purchase Agreement: At the conclusion of the auction, the successful bidder will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, payable to Harvest & Home Title Co., which shall hold the money in escrow until closing.

Closing: The balance of the bid price will be due at the time of closing on Friday, March 14, 2025, which will take place at Harvest & Home Title. Title insurance in the full amount of the purchase price will be provided by the seller. The buyer(s) will be responsible for paying 2025 taxes and beyond. Possession will be transferred to buyer at the time of closing. The farm sells free and clear of tenancy for 2025.

Announcements: This sale is subject to all easements, covenants, leases, and restrictions of record. Any announcements made auction day by Teter Auction Company will take precedence over any previously printed materials or oral statements. Bidding increments are at the sole discretion of the Auctioneer. Online bidders must pre-register and have prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All lines drawn on maps, photographs, etc. are approximate. There are no expressed or implied warranties pertaining to the property.