LINN COUNTY, MO LAND AUCTION
Thursday, August 4, 2022 • 10:00 AM
Auction Venue: Sale to be held at the Purdin Community Center - 402 C St., Purdin, MO 64674
Selling 70.5 Taxable Acres ± • 1 Tract
The Leslie land is located approximately 1-mile north of Purdin, MO in Section 6 T59N•R20W of Benton Township, Linn County, MO. From Purdin, MO take Highway 5 north for 1 mile to Fair Dr., then head north on Fair Dr., property is located along west side of road.
Land represents productive cropland currently in CRP. Tract offers multiple buildings sites in a nice setting on the edge of town with great access from Fair Dr., wooded area, and a small pond.
Make plans now for this upcoming Linn County, Missouri land auction. This farm offers a smaller productive tillable acreage with income producing CRP. FSA figures indicate approximately 54.8 tillable acres of which 48.7 acres are currently enrolled in CRP with an annual payment of $4,956, expires 9/30/2022. Land consists of Class III & IV soils, mainly Purdin, Armstrong loams with 5 to 9 and 9 to 14 percent slopes. Perfect acreage to start your hobby farm, country living, recreation, and good deer/turkey habitat. Rural water and electricity are available along Fair Dr. making it an ideal place to build your dream home or would be a great addition to an existing farming operation.
70.5 Taxable Acres ±
• FSA information should indicate approximately 54.87 acres of tillable cropland.
• 48.7 acres in CRP with an annual payment of $4,956, expires 9/30/2022.
• Predominant soil type: Purdin, Armstrong
• Access from the west by Fair Dr.
Note: Click on image to enlarge.
METHOD & TERMS
Sale Method: The farm will be sold on a price per acre basis, based on taxable acres. The farm will sell "absolute" to the highest bidder.
Purchase Agreement: At the conclusion of the auction, the successful bidder(s) will be required to enter into a written purchase agreement with the seller and pay a $10,000 deposit as a non-refundable down payment, payable to Monarch Title Company, which shall hold the money in escrow until closing.
The balance of the bid price will be due at the time of closing in approximately 30 days, on or before Tuesday, September 6, 2022, which will take place at Monarch Title Company. Title insurance in the full amount of the purchase price will be provided by the seller. The 2022 real estate taxes will be prorated to the date of closing. Title Company closing costs will be divided equally between buyer & seller. Possession will be transferred to buyer at the time of closing. All tracts sells free of tenancy for 2022.
Announcements: This sale is subject to all easements, covenants, leases, and restrictions of record. The 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. All information and dimensions were derived from sources believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer(s) should verify the information to their satisfaction. 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. There are no expressed or implied warranties pertaining to the property.