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  • STARTJan 27th - 5:00pm

  • VENUEQuality Inn & Suites

Large Marion County, MO Land Auction

Saturday, January 27, 2018 at 5:00 P.M.

Sale to be held at the Quality Inn & Suites, 120 Lindsey Drive, Hannibal, MO

 

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• Highly Productive Tillable Cropland!

• Close proximity to major Mississippi River grain terminals!

• Unprecedented Investment Opportunity!

 

Location & General Information

Land is located in Sections 28, 29, 30, 32 & 33, T59N•R5W and Sections 4 & 5, T58N•R5W, Fabius Township, Marion County, MO approximately 4 miles northeast of Palmyra, MO or 8 miles north of Hannibal, MO. From Palmyra, MO take US Hwy. 61 North approximately 3.5 miles to County Road 336, then east and north approximately 2 miles to farm. Or from Hannibal, MO take State Hwy. 168 North approximately 5 miles to County Road 339, then north approximately 2.5 miles to County Road 342, then continue north 1/2 mile to farm.

Land represents highly productive tillable cropland and offers an “unprecedented” investment opportunity.

 

Tract Information

Tract 1 • 160 Acres (Subject to Survey)

• FSA figures should indicate approximately 153.34 acres of cropland.

• Soil types: Carlow & Chequest.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

NOTE: Tract is improved with an excellent (2012) T-L full circle pivot irrigation system.

• Access from the entire north by County Road 340 and from the entire west by County Road 336.

 

Tract 2 • 166 Acres (Subject to Survey)

• FSA figures should indicate approximately 164.09 acres of cropland.

• Soil types: Carlow, Blase & Chequest.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

NOTE: Tract is improved with an excellent (2013) T-L full circle pivot irrigation system.

• Access from the entire north by County Road 340.

 

Tract 3 • 98 Acres (Subject to Survey)

• FSA figures should indicate approximately 96.57 acres of cropland.

• Soil types: Carlow.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

Note: This tract has recently been surfaced leveled and tiled.

• Access from the entire north by County Road 340.

 

Tract 4 • 51 Acres (Subject to Survey)

• FSA figures should indicate approximately 44.95 acres of cropland.

• Soil types: Carlow.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

• Access from the entire east by County Road 345.

 

Tract 5 • 65 Acres (Subject to Survey)

• FSA figures should indicate approximately 62.4 acres of cropland.

• Soil types: Carlow.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

NOTE: This tract has been surfaced leveled.

• Access from the entire east by County Road 345.

 

Tract 6 • 218 Acres (Subject to Survey)

• FSA figures should indicate approximately 209.02 acres of cropland.

• Soil types: Carlow.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

• Access from the west by County Road 345.

 

Tract 7 • 265 Acres (Subject to Survey)

• FSA figures should indicate approximately 260.78 acres of cropland.

• Soil types: Carlow, Chequest & Belknap.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

• Access from the entire east by County Road 345 and the entire south by County Road 342.

 

Tract 8 • 156 Acres (Subject to Survey)

• FSA figures should indicate approximately 147.68 acres of cropland.

• Predominant soil types: Carlow & Chequest.

• Land represents highly productive tillable cropland.

Note: This tract is planted in winter wheat. Buyer will assume a 50/50 crop share on the wheat acreage. (Buyer will reimburse 4L Land, LLC 1/2 of the input costs and receive 1/2 of the wheat crop).

• Access from the south by County Road 347.

 

Tract 9 • 25 Acres (Subject to Survey)

• FSA figures should indicate approximately 5 acres of cropland.

• Predominant soil types: Carlow, Chequest and Belknap.

• Land represents productive tillable cropland with the balance in timber and offers excellent hunting/recreational acreage.

• Fall tillage completed.

• Access from the south by County Road 347.

 

Tract 10 • 207 Acres (Subject to Survey)

• FSA figures should indicate approximately 201.96 acres of cropland.

• Soil types: Chequest, Belknap & Carlow.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

• Access from the north by County Road 342 & the entire west by County Road 342.

 

Tract 11 • 139 Acres (Subject to Survey)

• FSA figures should indicate approximately 128.3 acres of cropland.

• Soil types: Carlow, Belknap & Chequest.

• Land represents highly productive tillable cropland.

• Fall tillage completed.

• Access from the north by County Road 342 and 347.

 

Method and Terms

Acreages in this advertisement are estimated. A survey will be completed prior to the sale on all 11 tracts. Tracts 1-11 will be sold on a price per acre basis based on acreages obtained from completed survey. Tracts 1-11 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 1-11 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 Mark Twain Title Co., 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 Mark Twain Title Co. on or before March 8, 2018.

Full possession will be given at time of closing on Tracts 1, 2, 3, 4, 5, 6, 7, 9, 10 & 11.

Tract 8 possession will be given at the time of closing subject to the sellers tenancy for the growing wheat 50/50 crop share agreement. Full possession will be given on Tract 8 upon completion of wheat harvest.

The 2017 real estate taxes will be paid by the sellers. The 2018 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”.

 

4L Land, LLC

 

Representing Attorney:

Lynn G. Carey & Paul J. Puricelli

Stone, Leyton & Gershman

7733 Forsyth Boulevard

Suite 500

St. Louis, MO 63105

Ph: 314-721-7011

 

Title Work By:

Mark Twain Title Co.

123 S. Main Street

Palmyra, MO

Ph: 573-769-2212

 

 

PLAT MAP

 

AERIAL MAP

 

SOIL MAP

 

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Details

Date:
January 27
Time:
5:00 pm - 11:55 pm
Categories:

Venue

Quality Inn & Suites
120 Lindsey Drive, Hannibal, MO, United States.
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