Ben Ladage Auctions - Live and Online Auctions

REAL ESTATE: Gerald Serena Estate - Cantrall IL 3266 Cantrall Creek Rd, Cantrall IL 10 Acres! Home, Pond, 30' x 30' Garage REAL ESTATE AUCTION ONLINE BIDDING! The following real estate Located at 3266 Cantrall Creek Rd, Cantrall IL will be sold ONLINE ONLY. Escape to your very own country retreat just minutes north of Springfield Airport! This 10-acre property offers endless possibilities with a pond, mature trees, and room to roam. The 3-bedroom, 2-bathroom home features a spacious great room with fireplace, an eat-in kitchen, and a 30' x 30' detached garage. While the home could benefit from some TLC or a deep clean, it boasts incredible potential to become your dream space. Whether you're looking to upgrade, renovate, or simply enjoy the land, this property is brimming with opportunity. Don't miss your chance to bring this gem to life-perfect for nature lovers and those seeking a peaceful escape close to the city. MLS: CA1033362 ONLINE AUCTION DATE: Sunday December 22nd 2024 - 6:00pm cst Bidding will be held online at BENLADAGE.COM 2 OPEN HOUSE DATE: Sunday December 8th 2pm - 4 pm and Saturday December 14th, 2024 - 10 am - Noon Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511 Heating Type: LP Cooling Type: Air Conditioner Unit. Year of Structure: Unsure Property Size: 10 Acres City/Municipality/Township: Fancy Creek School District: Athens Community School POTENTIAL! Come and look!! Seller Note: Family states no known issues with the house but it is older and needing some TLC in some areas. HVAC Technician said the heating unit is ("aged") older but operational Property is being sold "as is", in its present condition with no warranties either expressed or implied. Parcel ID: #05-25.0-400-012 Legal Description: NE NW SE 25-17-6 Terms: $5000 down payable within 24 hours of the auction with the balance due at closing within 30 days. 2023-2024 Taxes: $3022.90 (With Owner Occupied, Senior Assessment Freeze, and Senior Citizen) Financial arrangements must be made prior to bidding at the auction and a bank letter of credit MAY be required to bid and/or accompany the final bid. Buyer will be required to sign into a written contract at close of auction. Property is being sold "as is", in its present condition with no warranties either expressed or implied.' Property is sold at the Owners approval and reserves the right to accept or reject any or all bids. *A 5% Buyer Premium will apply to the high bid Please have all financial arrangements & inspections made prior to bidding. Real Estate Taxes pro-rated up to time of closing. Prairie Land Title of Springfield, IL will handle all title work & closing. 2.5% Realtors Co-Op on Property Auctioneer & Seller will ask for lead base paint, Mold, Radon inspection wavier. Please Read Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions. Want to bid but don't know how? No Problem, contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or accept phone bids as well! The auction is a soft close auction which means that it starts to close at the time stated, however if someone has placed a bid in the last 3 minutes, then this item will stay open for 3 more minutes. This will continue until time is out. Gerald Serena Estate Estate Administrator/Executor: Rick Serena Ben Ladage, Broker Office Phone - 217-652-0924 Managing Broker: The Real Estate Group Go to www.benladage.com for pictures! Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511 Property Sold As-Is not subject to inspection Property to be sold with Sellers Approval A 5% Buyer Premium will apply to the high bid. Contact Ben Ladage Auctions 217-652-0924 or email auctions@benladage.com with any questions ---------------------------------------------------------------------------------------------------------------- How Does the Real Estate Auction Work? Participating in a real estate auction is similar to a traditional real estate transaction, but with a few key differences. Here's how the process works: 1. Auction Ending Date and Final Price Determination o The auction will conclude on December 22nd, at which point the highest bid will determine the final price. o The seller reserves the right to accept or decline the final bid, even after the auction ends. 2. Contract Signing o Once the final price is accepted, we will execute a standard real estate purchase contract. o The property will be sold "as-is", and an "as-is" addendum will be included in the contract, meaning the buyer accepts the property in its current condition without requiring repairs or modifications by the seller. 3. Financing Options o Buyers may finance the purchase through a mortgage lender or complete the transaction using cash. o If financing is involved, buyers should ensure they are pre-approved by their lender prior to the auction to avoid delays or complications. 4. Closing Period o A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction. 5. Additional Considerations o Inspection Period: Buyers are encouraged to inspect the property prior to the auction date. The property is sold "as-is," so all due diligence must be completed in advance. o Earnest Money Deposit: $5,000 earnest money deposit within 24 hours of the auction's conclusion. o Auction Terms and Conditions: Bidders should carefully review the terms and conditions of the auction before participating to ensure a full understanding of the process and their responsibilities. 6. Questions or Concerns o If you have any questions about the property, auction process, or transaction details, feel free to reach out to Ben Ladage, a licensed real estate broker and auctioneer. By participating in this auction, buyers have the unique opportunity to set the final price of the property through competitive bidding, ensuring a fair and transparent process for all parties involved.