LINNEMAN LAND AUCTION
Wednesday, March 27th, 2019 at 11a.m.

Location: Doxie Avenue, Glasgow, MO 65254
Directions: Approximately 3 miles north of Glasgow on Hwy 5, turn right on Doxie Ave and continue approximately 0.5 miles to the cattle feeding facility on Tract #2. Watch for signs day of sale.

Auctioneer’s Note: 192 Acres m/l in the Glasgow/Aholt/Forrest Green Area to be sold in 3 tracts. All tracts are located just North of Glasgow in Chariton County. The auction will be held at the location of tract #2 near the cattle feeding facility at promptly 11:00 a.m.

View PDF Version of Sale Bill pdf

Tract 1

51 Acres m/l situated along the old & new channels of the Chariton River in Sections 19, 20 & 29, Township 52N, Range 17W of Chariton County. This acreage is 78% tillable with the remaining balance in flood protection levee. The property is accessed by a field road along the levee in which the property soils are protected. Soils consist primarily of Tice silt loam, Tina silt loam, and Carlow silty clay. Directions: North of Glasgow on Hwy 5, take a left on French Rd. approximately 1 mile to the field road that runs to the south to then along the levee to the property. This is a private field road so please make arrangements to access this property. It is not permissible to drive on the levee. The property must be accessed via the private field road. View Soil Map pdf

Tract 2

69 acres m/l situated north and west of Doxie Ave. in Sections 21 & 28, Township 52N, Range 17W of Chariton County. This acreage is 68% tillable. The tillable acreage consists of creek bottom to the north which slopes up to upland and then to pasture. There is 5.56 acres of pasture and the remaining acreage is in woods and building site. The building site consists of an older Harvestore cattle feeding set-up surrounded by the pasture. The Doxie Creeks makes up the northern border of the property. Soils consist of Menfro silt loam, Knox silt loam, and Carlow silty clay. View Soil Map pdf

Tract 3

72 acres m/l situated southeast of Doxie Ave. in Sections 28 & 29, Township 52N, Range 17W of Chariton County. This acreage is approximately 52% tillable with one bottom field and two upland fields. The remaining acreage is woods. Soils consist primarily of Nodaway silt loam and Knox silt loam. The upland of this acreage has a panoramic view of the bottoms along Hwy 5 and would make an excellent building site. The Doxie Creek snakes through the property adding to the diversity of this acreage. View Soil Map pdf

Directions to Tract 2 & 3: North of Glasgow on Hwy 5, take a right on Doxie Ave. Tracts 2 & 3 begin just past the Doxie Creek Bridge with Tract 2 lying on the North and East side of Doxie Ave and Tract 3 on the Southwest side of Doxie Ave.

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Real Estate Terms

AUCTION PROCEDURE: The real estate will be sold promptly and 11:00a.m. at the location of tract #2 near the cattle feeding facility. Tract #1 will be sold first followed by Tract #2 and then Tract #3. Each tract will remain sold upon the sellers’ confirmation. Each tract will be sold by the acre for the convenience of the auction, however; the buyer will enter a contract for the whole purchase price based on the acreage listed for each tract. Please note, acreage is estimated and the legal description on updated abstract or title insurance is to govern and does not have an impact on purchase price.

DOWN PAYMENT: For each tract of land the buyer will provide a $25,000 (non-refundable) down payment upon signing the contract for the sale of real estate immediately following the acceptance of the final bid. Acceptable forms of payment include a personal check with bank letter or certified funds. The remaining balance will be due at closing in 45 days or less. Please note, successful bidding at the auction is not contingent on personal financing. Please have your finances in order prior to bidding on the property to ensure you are capable of paying the balance at closing.

TITLE: Seller shall convey a Warranty Deed to the buyer for examination and pay for title insurance.

TAXES: The real estate taxes shall be prorated between the parties as of the date of closing.

POSESSION: Possession of the real estate shall be delivered to the buyer at the time of closing; provided however, that it is agreed that the buyers shall have ingress and egress to the properties prior to closing as is necessary to prepare for the 2019 planting season.

CLOSING: Closing will be conducted at Chariton Abstract & Title Company located 209 Ash Street in Keytesville, MO on or before May 13th, 2019 or at other set time and place in which both parties agree.

Disclaimer: The property is being sold “as is, where is.” and no warranty, either expressed or implied, concerning the property is made by either the sellers or the auction company. Each bidder is responsible for conducting his/her own independent inspections or investigations concerning the property and the auction. Information provided is believed to be correct to the best of the auctioneer’s knowledge but is subject to inspection and verification by all parties relying on it. Diagrams are approximate. Acreage is estimated. All information provided by the auction company is subject to the terms and conditions of the sale outline in the contract for sale of real estate. All decisions of the auctioneer are final. The sellers and the auction company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, fitness, intent, etc.

Cody Martin (660)-888-3460        Teresa Martin (660) 888-9518       Terry Quinlan (660)-888-9493