McAfee / Hayes
Auction Service, LLC
LAND AUCTION

216 Acres / 3 Tracts
(Subject to Final Survey)
Lewis County MO

Friday March 6th
6:00 P.M.
Sale conducted at Oak Hill Inn located at 1701 Oak Street, Canton, MO

Click Here for Plat, Aerial and Soil Maps

GENERAL INFORMATION
The Schmidt trust land is generally located: Tract 1: 2 miles East of Monticello, MO on Hwy. 16 then 1 1/4 mile North on Co. Road 405. Lying in Sect. 28, Twp 62N, R7W.

Tract 2 & 3: 1 mile South of Monticello, MO on Hwy. 16 to Hwy. BB then 3.5 miles South on Hwy BB. Lying in Sections 15,20 and 30 Twp. 61N, R7W, Lewis County, MO. Land represents productive tillable land, open grassland, CRP income, building sites and hunting.
TRACT 1    88 Acres
(Subject to Final Survey)

- Offers 76.4 acres of tillable land currently in CRP paying $148.27 per acre (annual payment $11,328.00) Expires 9/30/2023.

- Buyer will sign agreement assuming CRP and receive the full payment in October 2020.

- Access by County Road 405 (250th Ave.) Along the East and County Road 175th Street running along the South.

- Soil types Kilwinning, Armstrong and Leonard.
TRACT 2   48 Acres
(Subject to Final Survey)

- Offers 33.62 acres of tillable land. (Farmed in 2018, Prevent Planting 2019) Highway frontage, building sites, wooded draws for hunting.

- Access by State Hwy. BB on the East.

- Soil types Kilwinning, Keswick, and Armstrong.
TRACT 3    80 Acres
(Subject to Final Survey)
- Offers 30.93 +/- acres of open tillable farm land, 31.48 +/- acres of open grassland. Balance in wooded draws, building sites and hunting.

- Access by County Road 508 (Hawthorn Street) running along the South end.

- Soil types Keswick, Gorin and VanMeter.
TERMS AND CONDITIONS
- Tracts will be sold on a price per acre basis based on final surveyed acres.

- Tract 1 will be offered individually and not combined with Tracts 2 & 3.

- Tract 2 & 3 will be offered through the method of "Buyer's Choice" and will continue until both tracts have been sold.

- Immediately following the bidding, the successful buyer(s) will be required to pay 10% down evening of sale payable to Oak Hill Title Company Escrow and sign into written contract with the sellers.

- The balance of the purchase price will be due at closing on or before April 9, 2020.

- Full possession will be given at closing subject to tract 1 CRP contract.

- The 2020 real estate taxes will be prorated at closing.

- Title insurance in the full amount of the purchase price will be provided.

- All additional closing cost will be divided in equal shares between the buyer(s) and seller(s).

- Closing conducted by Oak Hill Title Company located at 309 Lewis Street, Canton, MO.

- Contact closing agent at 573-288-4461 for any 1031 Exchange or closing questions.

- All lines on maps are for identification purposes only. These lines may or may not be accurate.
AUCTIONEER'S NOTE: Prospective buyers are welcome to view the property at their own leisure. Terms cash or check with proper ID. Not responsible in case of accident. Announcements made sale day take precedence over any advertisement. The above information is believed to be accurate; however, no liability for its accuracy, errors or omissions are assumed by the seller or auction service.
Jean C. Schmidt Trust
Jon Schmidt, Trustee

Oak Hill Title Co., Closing Agent.

[Main]