KNOX COUNTY, MO LAND AUCTION - SCHRAGE

Tract 1 – 12.3 surveyed acres

• FSA records should indicate 8.74 cropland acres
• Soil types include Gara and Armstrong
• Land represents prime rural and commercial building sites with rural water, electric and internet
• Improved with a pond
• Access along the north off MO Hwy 6

Tract 2 – 42.9 surveyed acres

• FSA records should indicate 33.66 cropland acres
• Soil types include Blackoar, Gara, and Arbela
• Land represents productive tillable cropland with cover crop applied in fall 2023
• Fertilizer (0-60-140) applied to tillable in fall of 2023
• Exceptional northeast Missouri whitetail deer and wild turkey hunting
• Excellent building site with rural water, electric and internet
• Access from the northeast off Kettle Corn Place Road

The Schrage farm will be sold on a price per acre based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either of the tracts for their high bid. If the high bidder does not elect both offered tracts, then the remaining tract will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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, payable to Knox County Abstract, 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 Thursday, May 23, 2024.

The seller will provide title insurance in the full amount of the purchase price. The 2024 real estate taxes will be prorated to the date of closing. Open tenancy for 2024 crop year and beyond. Possession at closing. The buyer will be offered early possession with full farming rights upon receiving the 10% non-refundable down payment and providing proof of insurance.

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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.