Linn County, Missouri Land Auction

SOLD! - $5,950.00 Per Acre

Total - $963,900.00

LINN COUNTY, MO LAND AUCTION

Thursday, December 29, 2022 • 1:00 PM

Auction Venue: Sale to be held onsite at farm equipment auction location - 25586 Hyde Rd., Brookfield, MO. From Brookfield, travel north on Highway M for 8 miles to Hyde Rd., then turn right or east for a half mile to sale location. Parking located in the field north of the home. Auction signs posted sale day!

Selling 162 Acres ± (Subject to Survey) • 1 Tract

LOCATION

The JJ Burns, Inc farm is located approximately 7 miles north of Brookfield, MO or 7 miles east of Linneus, MO conveniently located along blacktop Hwy M and Hacker Rd. in Section 1 T58N-20W of Locust Creek Township, Linn County, MO.

AERIAL MAP

PLAT MAP

GENERAL INFORMATION

Mark your calendars now for this upcoming Linn County, Missouri land auction. Land represents productive tillable farmland, income producing CRP, hay production, and improved pastureland. FSA figures indicate approximately 121.5 tillable acres. 56.6 acres currently used as hay production and improved pasture. 64.90 acres in CRP with an annual payment of $7,944, expires 9/30/2025. Land consists of class II and III soils, mainly Chequest, Armstrong, Vesser loams with 0 to 2 and 5 to 9 percent slopes. This tract also offers attractive building sites, excellent access, and desirable hunting opportunities, giving the farm many options for a buyer.

On the west side of the farm, a creek runs north to south and winds in and out of the property with trees and timber blanketing each side of it. This provides great habitat, jumping numerous bedded deer while taking pictures. The large portion of CRP acres can be found in the bottom ground of the property, making rich and fertile soils once the contract is complete. Access from the east by Hwy M and can be made from the south by Hyde Rd.

The real estate will sell at approximately 1:00 PM. If you would like to schedule your personal showing, contact the auction firm at (660) 963-2461.

METHOD & TERMS

Sale Method: A survey is currently in progress. The farmland will be sold as one individual tract on a price per acre basis, based on the acreages obtained from the completed survey. Property will be sold in as-is condition and is not contingent upon buyer's financing, condition of property, appraisal, inspection, or any of 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 Linn County Title Company, 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, January 30, 2023, which will take place at Linn County Title Company. Title insurance in the full amount of the purchase price will be provided by the seller. Buyer will be responsible for 2023 and all subsequent taxes. Title company closing costs will be divided equally between buyer & seller. Possession will be transferred to buyer at the time of closing. Farmland sells free of tenancy.

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.