15.53 Acre & .355 Acre Online Only Real Estate Auction - Clay County Lakefront Land Auction
124 BASS DR. EDGEWOOD IL 62426 (Located on the private 65 acre Patterson Lake)

No Buyer Premium. Auction company or seller will not guarantee lake access on the 15.53 acre piece tract 1. However, tract 2 comes with lake access providing the new owner pays membership dues annually.

Both Tracts will close at the same time! When there is a bid on either tract @ 1PM Wednesday, Nov. 16th both tracts will remain open for another 4 minutes.
Tract 1 will be bid by the acre. The final bid price will be multiplied by 15.53
Tract 2 will be bid by the tract. There is .355 acres just under 4/10's of an acre! There is a decimal in front of the acres number. Point Three five five acres stands for 3 and ½ 10's of an acre!
THIS IS AN INTERNET ONLY AUCTION: Real Estate and all items sell as is, where is with all faults or flaws. Items sell with no warranty stated or implied.

DYNAMIC CLOSING: The auction will begin Wednesday, November 16th @ 1:00PM. The closing time will automatically extend an additional 4 minutes whenever a bid is placed within the last 4 minutes of the lot closing. Internet or bidding problems call the auction company immediately!!!!!
Tracts conveniently located by Patterson Lake, 30 minutes from Salem or Effingham IL. This a partition suite and auction will be subject to court approval.
James R. Calhoon and Delores D. Raya - Sellers
When there is a bid on either Tract both tracts will remain open for another 4 minutes. The auction will begin to close @ 1:00pm on Wednesday Nov 16th.

Auction company will meet with the seller by appointment to get contract signed and collect 10%. Down payment will be held at the title company in an escrow account.
Example on bidding. If a person puts a bid of $1000.00 and the 2nd place bidder places a bid $800. It will raise the person with the high bid to $825.00. It will not automatically take a person to the highest bid they have submitted.
AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. No buyer's premium on the real estate auction. Each bidder will be screened. Imposters or an unqualified successful bidder will be prosecuted by the Illinois State Police.
Terms & Conditions: Real Estate is sold "As Is". 10% down sale remainder due at closing approx 30 days. Maps, borders, on brochure, website and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement the following day after the auction. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. Information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements sale day take precedence over printed material. Schmid Auction is not responsible for accidents.

Directions: Off St. Rt. 37 south of Edgewood, IL and north of Farina, IL turn east on 970Ave follow road and jog south. Then go west on E 950th Ave it turns into Turtle Dr. (Follow Auction Signs) Tract 1: 15.53 + or - Acres, Prime Whitetail deer hunting & wild turkey hunting! 8 + or - acres at one time were farmed and converted to pasture. It is grown up and excellent hunting. Could be converted back to pasture or tillable farmland. 24'x24' pole barn with stalls excellent for horses, cattle, goats, etc. built in 2017. The current water and electric are coming off tract 2. If different buyers purchase the tracts the new owner will have to hook up new electric and water. Bidding will be by the acre on tract 1. The land is very close to Patterson Lake a 65 acre private lake. Auction Company will not guarantee tract the new owner that will be able to join the lake Patterson group for Waterfront Access. 2021 taxes payable in 2022 were $528.10. Located in Section 18, Larkinsburg Township, Clay County, IL Tract 2: Lakefront Cabin on .355 acres not Quite 4/10's of an acre (65 Acre private lake! Cabin is on lake, lake is not part of the auction) 915 Sq. FT, 360 Sq. Ft. screened in porch, city water, Central Air & heat, propane heat, septic system, 2 bedroom, 1 full bathroom, storage sheds, city water, boat and fishing dock needs work. Sellers are members of the Patterson Lake Group for lake access. There is a yearly fee that has historically been between $300 - $500 annually. Tract 2 will be offered by the tract. Located in Section 18, Larkinsburg Township, Clay County, IL Tracts conveniently located by Patterson Lake, 30 minutes from Salem or Effingham IL. This a partition suite and auction will be subject to court approval. James R. Calhoon and Delores D. Raya - Sellers When there is a bid on either Tract both tracts will remain open for another 4 minutes. The auction will begin to close @ 1:00pm on Wednesday Nov 16th.