120 Acres ± Livingston County, MO Land Auction

120 ACRES ± LIVINGSTON COUNTY, MO LAND AUCTION

Sale Date: Saturday, April 13, 2024

Sale Time: 12:00 PM CST

Auction Venue: Sale to be held onsite - 2617 LIV 277, Chula, MO 64635

LOCATION

The farm is located approximately 2 miles east of Chula, MO or 14 miles northeast of Chillicothe, MO. The land is further described as being located in Section 13, T59N•R23W, Medicine Township, Livingston County, MO.

AUCTION MANAGER

Josh Teter (660) 734-2111

SELLER

Jacobs Farms Revocable Trust - Rita & The Late Deane Jacobs

GENERAL INFORMATION

SOLD!

Selling 120 Taxable Acres ± • 1 Tract

Make plans now for this upcoming Livingston County, MO land auction. The Jacobs farm represents productive tillable farmland with well-maintained productive soils. Farmers and Investors, take advantage of this great opportunity!

The farm will be sold in one individual tract at 12:00 PM on Saturday, April 13, 2024 at the farm home located approximately 8 miles northeast of Chula, MO. This farm has been owned by the Jacobs family for over 100 years!

The farm will sell free and clear for the fast-approaching and much anticipated 2024 farming season!

Property Features:

Tract 1 - 120 taxable acres ±

FSA information indicates 109.61 tillable acres
Including 49.23 acres of bottom ground currently in row crop production and 60.38 acres of upland being used as hay ground
Predominant soil type: Carlow, Lagonda, Zook
The north side of the bottom ground has been improved with a levee
This tract offers a very attractive home building site.
Balance of the acres is a timbered draw
Sells free and clear for the 2024 crop year
Access from the south by Highway K

Note: Click on image to enlarge.

METHOD & TERMS

Sale Method: The farm will be sold on a price per acre basis, based on 120 taxable acres. 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 in approximately 30 days, on or before Monday, May 13, 2024, 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 will be responsible for paying 2024 taxes and beyond. Possession will be transferred to buyer at the time of closing. The farm sells free and clear of tenancy for 2024.

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. No absentee or phone bids will be accepted at the auction without 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.