Alexander County Illinois Real Estate for Sale at iAuction – Formerly known as the Cox Property

Preview Day Saturday, June 15th 9AM to 11AM. Bidding Ends Thursday, June 27th at 10AM. This versatile property, 23.727 surveyed acres, is located just outside of Olive Branch, IL and is 10 minutes from Cape Girardeau, MO. Over 23 acres total, it has 15 acres of upland hardwoods with mature oak, hickory, and poplar and about 5 acres of pasture. There are two lean-tos on the property with over 2,500 sq ft in covered storage for all your equipment. There is also an old home on the property that has been vacant for some years and is currently uninhabitable. However, utilities are available, and a new owner could remodel, tear down, or build someplace else on the property as there are several additional homesites available. The property has excellent hunting opportunities for deer and turkey, and it is close to the Shawnee National Forest and Horseshoe Lake Conservation Area for additional opportunities to explore! For more information call or text Eric Holzmueller (618) 713-0034 or Jason Wallingford (314) 882-6971. iAuction Terms & Conditions 1. PROCEDURE: Bidding ends Thursday, June 27, 2024 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes on each tract. All bids placed are by the Acre! 2. BUYERS PREMIUM: 10% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, June 28, 2024 (hand delivered, faxed, electronic signature or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 5. BIDDING: Once submitted, a bid cannot be retracted. 6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, August 1, 2024. 7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title. 10. REAL ESTATE TAXES: The 2023 Real Estate taxes to be paid for by the Sellers. The 2024 Real Estate taxes to be paid by the Buyers. 11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 12. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. This property is subject to prior sale.