ADAMS COUNTY, IL LAND AUCTION - BONEBRAKE

Friday, June 23, 2023 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Adams County, Illinois

Physical Address: 2950 East 1750th St., Loraine, Illinois 62349

SELLER

Richard & Rosanne Bonebrake

MANAGED BY

Louie Zinn (319) 795-2314

OPEN HOUSE

Tuesday June 13th • 5pm to 7pm

Saturday June 17th • 10am-Noon

LOCATION & GENERAL INFORMATION

Located just northeast of Loraine, Illinois is this very unique property that offers unlimited possibilities. The first thing you will notice is the custom cabin that is built over a 4-acre lake. The lake provides excellent fishing and views. Fish species include large mouth bass, bluegill, crappie, and channel catfish. The cabin could be used for personal use, private parties, or as income potential as an Airbnb. The dock located in the front of the cabin would allow for a great spot to fish, swim, or launch a boat/kayak/canoe. There is a 2 acre± tillable field that will also provide income from farming. The property would be a great spot to build a home or a prime location to install a billboard to provide even more income. Rural water in close proximity, Electricity, and Fiber Optic Internet are all present at the property. Please make sure and take a look at this very rare and unique property!

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

SOLD!

TOTAL - $185,000.00 (LUMP SUM)

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

TRACT INFORMATION

9.44 Taxable Acres
Fully Stocked 4-acre Lake (approx 31 ft deep)
2-acre Tillable Field
Custom Cabin built over the water(built in 2019)
Private Drive
Cabin will come fully furnished
Custom Outhouse to match Cabin
50+ pecan trees planted. Also maple, dogwoods, and oaks
Building Site for Home
Prime Billboard Location
AirBnB income has averaged gross over $9k a year for last two years.

Cabin Details:

LP Gas heater and electric air conditioner
Turn Key and Fully Furnished.
2 BRs in Loft. 1 private bedroom on main floor
3 Interior Trap doors in floor on main level for fishing
Bedrooms are carpeted. Vinyl floor in kitchen/living
Smoke and Carbon Monoxide detectors present
Deck off the north side of cabin includes grill, swing, and launch deck for boat
Sleeps 6-8 comfortably
Rural water could easily be ran into cabin
Adams Fiber Optic WIFI in cabin

Personal Property included with Cabin and property include: Queen Size Bed, Double Bed, Three Single Beds, Couch, Two Recliners, Table with 4 rolling chairs, Gas Stove, Refrigerator, Microwave, Toaster, Coffee Pot, Kitchen Utensils, 65 inch Samsung Smart TV, Weber Gas Grill, Boat, and John Deere Mower, and much much more.

METHOD & TERMS

The property will be sold for the lump sum total dollar amount.

Immediately following the auction, the successful buyer 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 which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Tuesday, July 25, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The 2023 real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.