LOCATION & GENERAL INFORMATION
Land is described as being in Sections 33 & 34, T66N-R11W, and Sections 3, 4, 8, 9 & 17, T65N-R11W, Jefferson Township, Scotland County, Missouri. Tracts 1 & 2 are generally located approx. 2 ½ miles east of Memphis, MO along blacktop Route AA. Tracts 3 & 4 are located approx. 3 ½ miles east of Memphis, MO (Tract 3 lies east of County Road 515 and Tract 4 is accessed off Route AA). Tract 7 consists of a well-built log style home with access off Route AA. Tracts 5 & 6 are ideally located approx. 1 ½ miles east of Memphis, MO along Hwy 136 and offer unlimited development potential, productive farmland, recreational land and premier building sites. The Johnston Farms represent some of the most productive tillable farmland in northern Missouri. Additionally, it offers some of the finest hunting and rural living in all of northeast Missouri. All farms sell free and clear for the fast-approaching 2025 spring planting season. Here is a great opportunity for farmers, investors, recreational enthusiasts or anyone looking for a custom log home with acreage.
METHOD & TERMS TRACT 1
TRACT 3
TRACT 7
The Johnston Farms land will be sold on a price per acre basis, based on surveyed acres. Tract 1-5 will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. Following the sale of tracts 1-5, tract 6 will sell for lump sum or total dollar amount, then tract 7 will sell for the lump sum or total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Scotland County Abstract, which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before April 18, 2025. The seller will provide title insurance in the full amount of the purchase price. Buyer will pay the real estate taxes on tracts 1-6 and real estate taxes on tract 7 will be prorated to the date of closing. Tract 2 buyer will receive the 2025 CRP payment. No current leases in place. Possession at closing. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property. All announcements made sale day take precedence over 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 pertaining to this property. Real estate is being sold “AS IS”.
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