Online Only Real Estate Auction
March 10, 2023 - April 7, 2023

Seller: Christina Kelly

5498 S. County Road - Alpha, IL 61413
Tons of potential with this rural farm house on 10 +/- acres. Located just 20 minutes North of Galesburg and a quick 30-minute trip from the Quad Cities, the 1.5 story farm house has 4 bedrooms and 1 bath. The main floor includes a large informal dining room, living room, smaller bedroom, kitchen and full bathroom with the conveniences of main floor laundry, while the 2nd floor includes an additional 3 bedrooms.

The outlying acreage includes a neighboring mobile home that has been renovated and built on to, consisting of 2 bedrooms, 1 full bath, a large laundry room and open kitchen/dining/living area. Additionally, there is a 40’ x 24’ detached 2-car garage, a 22’ x 44’ outbuilding and 2 tractor trailers that are used for storage.

The area North of the home is mostly fenced, has a reliable creek and access to the North side of the creek. This area was previously used to raise horses.

All measurements are approximate. Property being sold “as-is”. All personal property will remain.

An open house will be on Monday, March 20, 2023, from 4-6 p.m.

For additional information, or private tours, please call Kelsey @ 309-313-4958 or Jed @ 309-333-0616.

To register to bid on this property, please click the “Bid Online” button.

Buyer’s Premium: 5%

Address: 5498 S. County Road - Alpha, IL
Tax ID: 99-16-327-004
Brief Legal: SW SE W OF I 74 & N1/2 VAC RD S & ADJ SEC 36 T14N R1E
Lot Size: Henry County Assessor reports 10 +/- acres
Property Taxes (2021): $3,345.80 (Exemptions: None)
Total Living SF: 1,513 SF (1,054 SF main level / 459 SF upper level)
Year Built: 1908 (per appraisal)
Foundation: Crawlspace
Siding: Vinyl
Roof: Metal (newer)
Water/Sewer: Private well and septic
Mechanicals: Forced air furnace (no AC) and electric water heater.

Terms:

DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale and also reserves the right to reject any and all bids. Property will be conveyed by an Executor Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. All offers are subject to the approval of the seller. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.

CONTINGENCIES: This sale is not contingent on Purchasers ability to obtain financing, or subject to any home, radon, lead-based paint, septic, mold, or other inspections.

POSSESSION: Purchaser will receive possession at closing, which will be on or before May 5, 2023, at Western Illinois Title in Cambridge.

No New Survey: The Property shall be conveyed by the existing legal description.

Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.

Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in Fulton County, Illinois.

Buyer’s Premium: This auction has a 5% buyer’s premium, which will be paid by the buyer as part of their closing expenses, to Kelso Rhoades Real Estate Auction Group.

Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.

Property Tax Proration: The seller will be responsible for the entirety of the 2022 real estate taxes, and at closing, will issue a credit to the buyer for the prorated portion of the 2023 real estate taxes. Any subsequent year’s taxes will be the responsibility of the buyer.

Closing expenses: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.

Terms for Online Bidding: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than 6 p.m. on April 7, 2023. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of $2,500.00 or 10% of the sales price (whichever is greater) will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than May 5, 2023. If you have any questions, please call our office at 309-647-8811.

AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.

BID ONLINE