Auction Overview & Terms of Sale
This is an Online Only Auction
Engleman Family Land Auction, (Linn County, MO (Meadville))
234+/- Acres To Be Offered In 2 Tracts, High Quality Row Crop, Pasture, Home Site, Hunting
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Auction Overview & Terms
Tract 1, 148+/- Acres
Tract 2, 86+/- Acres
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REGISTATION & BIDDING SITE
Managing Realtors/Auctioneers
Toby Prussman
(816) 385 7802
tobyprussman1@gmail.com
Dennis Prussman
Auctioneer's Note:
Premier Land & Auction Group is honored to represent the Engleman family in auctioning their longtime family farm located just 4.5 miles north of Meadville, MO in Linn County. Sitting right on Highway Y and only a few miles off of Highway 36, location is excellent. The Engleman Farm consists of 234+/- acres that will be auctioned in 2 tracts. Tract 1 consists of excellent upland row crop that is terraced and tiled and some wooded draws that make for excellent hunting. Tract 2 consists of a homesite, large shed, cattle ready pasture, ponds, hunting and some upland row crop. Both of these tracts will be free and clear of any leases in 2025 should a new owner wish to farm it themselves. Register now and be prepared to bid your price. Navigate to each individual tract for more details and pictures: 1, 2.
Property Location All Tracts:
Highway Y Meadville, MO 64659
Directions All Tracts:
From Meadville, MO, East on Highway Y. North on Y. Property sits on West side of Y Highway.
Schools All Tracts:
Meadville R-IV
Auction Dates All Tracts: Register & Bid Here
Online Only
November 1, 2024, bid opening
November 8, 2024 bid begins closing at 10 am
December 18, 2024 close at the title company
Acreage Totals All Tracts Combined:
234+/- Taxed Acres
248.28+/- FSA Total Acres (source 156ez)
166.71+/- FSA Tillable Acres (source 156ez)
Viewing All Tracts:
Interested parties are welcome to go look at the farm. There may be livestock on the property. Please close all gates behind you and be respectful.
Utility Information:
Buyers should conduct their own research in regards to utilities and availability.
There is existing electricity at the old home on Tract 2. There is is electrictiy on Castle Dr. and Balkan Rd. There is also electricity on the South side of the property on the corner of Baron Rd. and Cloud Dr. The electric company is Farmers' Electric Cooperative Inc #800-927-5334.
The water company is Linn Livingston Public Water Supply District #3 in Wheeling, MO. They have a water meter at the end of the driveway on Tract 2. Their phone number is #660-659-2266.
Documents All Tracts:
Click here to access the document folder for aerials, FSA documents, soil maps, etc.
Taxes All Tracts:
2023- $1,076 (Taxes will change if property is seperated into 2 tracts, buyers to verify all tax information)
Bid Increments All Tracts:
Starting at $0 bid increment is $500 per acre
Starting at $1,000 bid increment is $250 per acre
Starting at $2,000 bid increment is $100 per acre
Starting at $3,000 bid increment is $75 per acre
Starting at $4,000 bid increment is $50 per acre
Starting at $5,000 bid increment is $25 per acre
TERMS & CONDITIONS:
All tracts are open for the 2025 farm season, meaning a new owner can farm it themselves or lease to a farmer of their choosing. Full possession at time of closing, December 18, 2024, subject to tenant rights to harvest any growing crops.
There are no hunting leases on any of the tracts.
Tract 2 had 8.20+/- acres enrolled in a Wildlife Habitat Planting. The NRCS office has notified the auction company that this contract has now expired but the farm has several years of remaining benefit from the program if a new owner wishes to keep the planting active. Please verifty all information with the NRCS office and all buyers should do their own due diligence. Conact is Trevor Shira with the Livingston County office, #660-646-6220.
If one person purchases both tracts, no survey will be required or provided, the property will be sold based on the current legal description(s). If tracts sell to different individuals, the seller will pay for any surveys necessary to provide updated legal descriptions and clear title. Advertised acreages for each tract are estimated to the best of our ability. All buyers and sellers acknowledge if surveys are required the final acreage amounts for each tract may adjust up or down. If this happens after bidding has been concluded a price adjustment will be made in accordance with the final acreage. Seller and Buyer will execute a price amendment to reflect the new acreage and all parties will sign. (Winning Bid Amount Per Acre X Final Surveyed Acreage= New Price Amount).
The seller reserves the right to remove any personal property prior to closing. Any personal property items remaining on the property at the time of closing will become the property of the winning bidder.
This is an online only auction. Tracts will be offered individually, and auctioned in order as they are numbered beginning with tract 1, then tract 2. We will NOT offer an option to combine all tracts at the conclusion of the bidding.
Online bidding opens November 1, 2024.
Online bidding ends November 8, 2024.
Closing at the Title Company, December 18, 2024.
Each Tract will end with a soft close, meaning that a bid in the final minute will extend bidding by approximately 5 minutes. The time will continue to extend as long as there is active bidding.
Tract 1 will begin ending at approximately 10:00 am.
Tract 2 will begin ending at approximately 10:30 am.
Bidders will be required to register and sign terms/conditions before bidding on the auction.
Bidders are required to register 24-hours prior to the bid closing date.
The successful high bidder, upon completion of the Real Estate Auction, must complete and sign a purchase agreement, and any seller disclosures provided by the seller, and render (within 10 days) 10% of the purchase price (earnest money) as a non-refundable deposit in the form of a personal check, business check, certified funds or wire payable to Closing Company. Balance due at final closing.
Premier Land & Auction Group, Real Broker, LLC must receive a signed copy of the contract (hand delivered, faxed, scanned and emailed, or electronically signed) within 24-hours after the buyer has been notified that the sellers have accepted his or her bid.
The sellers shall have the right to accept or 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 to the closing for such a reason. Out of area personal checks must be with the approval of the Auction Company personnel. Anyone not known by the Auction Company or sellers may be required to show proof of Bank Letter of Credit. Sales are non-contingent; failure to close will result in forfeiture of the earnest money.
Buyer must secure their own necessary financing approval prior to the auction. Sale is subject to owner confirmation and reserves the right to accept or reject any and/or all bids.
The property is sold “As Is, Where Is” and no warranty or representation, either expressed or implied concerning the property is made by the seller or Auction Company. Please inspect the property before bidding.
Sellers and/or the Auction Company do not guarantee acres. Taxes will be pro-rated to the day of closing. Guaranteed Marketable Property Title to prospective buyer. Seller shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a proper deed conveying the real estate to the buyer.
New Owners will be granted possession of the property at time of closing subject to existing leases as prescribed by Missouri Law.
Premier Land & Auction Group, Real Broker, LLC are exclusive agents of the seller.
Sale shall include all mineral rights owned by the seller if any.
Property is sold based on the legal description.
All information contained in this advertisement and all related advertising materials are subject to the terms and conditions outlined in the purchase agreement.
Under no circumstances shall Bidder have any kind of claim against Premier Land & Auction Group, Real Broker, LLC, the Sellers, or any party if the Internet service fails to work correctly before or during the auction.
The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed.
All lines 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.
Navigate Between Pages
Auction Overview & Terms
Tract 1, 148+/- Acres
Tract 2, 86+/- Acres
Download Documents
REGISTATION & BIDDING SITE
Managing Realtors/Auctioneers
Toby Prussman
(816) 385-7802
tobyprussman1@gmail.com
Dennis Prussman