No Reserve 80 Acre Land Auction Online Only Effingham County IL
Listing ID#: 901695
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Rural Altamont IL Rural Effingham County Altamont, IL 62411 |
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Bidding Starts: Wednesday Sep 2, 9:00 AM Bidding Ends: Monday Nov 2, 1:00 PM |
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 Online Auction
VIEW ONLINE CATALOG |
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Schmid Auction & Realty Co. Contact: Trent Schmid Phone: 217-857-1507 Email: sold@schmidauction.com Website: www.schmidauction.com/ EstateSale.com ID#: 8468 View company information and listings |
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www.bidschmid.com to bid or click on green box view online auction catalog. Online Only No Reserve 80-acre Effingham County Land Auction Auction will start closing @ 1pm Central Time Mon. Nov. 2nd, 2026. Rural Altamont (Moccasin), IL Effingham County 80 + or – acres, 80 FSA tillable acres, Soil Productivity Index 105.6, Farming Rights after closing and the 2026 harvest is complete. Parcel #08-03-029-023, Located in Sec 29, Moccasin Township, Effingham County, IL Sellers: Bertha M. Mette Testamentary Trust, John J. Mette, Robert P. Mette, William G. Mette, Richard C. Mette, Maria T. Klitzing and Martha A. Mette Final bid will be multiplied x 80 acres for a total tract price. Farming Rights: The current farm tenant’s lease has been terminated. The new owner will receive farming rights after closing and the 2026 harvest. The existing crop will likely be harvested before closing. Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence. Bidding Method: Bids are per acre; final price is the high bid times total acres for each tract. The purchase agreement will state the total tract price, which remains fixed regardless of future surveys. Bidding Increments: $25.00 per acre. Extended Bidding: Any bid placed within the final 3 minutes will extend bidding by 3 minutes. Often referred to as a soft closing. Bidders engaging in fraudulent activity will be subject to prosecution. Please note that submitting a bid constitutes a legally binding contract. Down Payment & Closing: 10% of the total purchase price is due on auction day or the following day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company. Purchase Agreement: Successful bidders must sign the purchase agreement by 4:00 p.m. on Tuesday, November 3, either in person or via DocuSign. Crops & Possession: the Current Crop belongs to the current farm tenant. Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only. Announcements: Auction day announcements take precedence over printed materials. Liability: Schmid Auction and the sellers are not responsible for accidents that occur while individuals are viewing the property.
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