Palmyra, MO 63461 - Marion County

MARION COUNTY, MO LAND AUCTION - REIFF

Wednesday, February 19, 2025 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Marion County, Missouri

The Reiff farms are located a short distance from Palmyra, MO. Tract 1 is located approximately 3.5 east of Palmyra along Co Rd 339 and is further described as being located in Section 16, T58N-R5W, Liberty Township. Tract 2 is located approximately 6.5 miles east of Palmyra along Co Rd 411 and is further described as being located in Sections 13 & 14, T58N-R5W, Liberty Township. Tract 3 is located 1.3 miles northwest of Woodland, MO ALONG Co Rd 254 and is further described as being located in Section 6, T57N-R6W, Liberty Township, Marion County, Missouri.

SELLER

Marita A. Reiff Living Trust

MANAGED BY

Steve Zeiger (573) 231-9802

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

263 acres 3 tracts

The farm contains 263 deeded acres in 3 tracts. Tracts 1 & 2 represent highly productive tillable farmland. Tract 3 represents recreational ground with a small portion of tillable farmland. The farms sell with open tenancy for the 2025 crop year - contact auction managers for details.

TRACT INFORMATION

Tract 1 - 95 deeded acres

FSA figures should indicate approximately 95 acres of NHEL cropland

Productivity Index (NCCPI): 70.2

Soil types include Chequest, Belknap, Carlow, & Menfro

Nearly 100% tillable

Farm is levee protected

Access is along the southwest side by Marion County Rd 339

Tract 2 - 128 deeded acres

FSA figures should indicate approximately 126.62 acres of NHEL cropland

Productivity Index (NCCPI): 69.3

Soil types include Chequest, Belknap, & Carlow

Nearly 100% tillable

Farm is protected by the South River Drainage District

Access is along the west side by Co Rd 441

Tract 3 39 acres (subject to survey)

FSA figures indicate approximately 8.75 acres of HEL cropland

Productivity Index (NCCPI): 76.3

Soil types include Winfield & Weller

Small pond

Excellent home site

The balance of the farm represents marketable timbered valleys which would offer recreational opportunities

Access is along the south side by Co Rd 254

REAL ESTATE TAX INFORMATION

Tract 1 - Marion County Tax - $207.92

Tract 2 - Marion County Tax - $533.04 - South River Drainage Tax - $3,096.25

Tract 3 - Marion County Tax - $41.15

METHOD & TERMS

Tracts 1-3 will sell on a per acre basis and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all 3 tracts for their high bid. Buyers Choice auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Wednesday, March 19, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Buyer will pay the 2025 real estate taxes. Buyer will receive possession at closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to the property. Real estate is being sold AS IS.

Marita A. Reiff Living Trust

Auction Manager:

Steve Zeiger (573) 231-9802

Dan Sullivan (319) 795-1833