Merit Auctions, LLC Auction Catalog - Earl J. "Bud" Thompson Estate Online Auctions

This lot is informational and may be used for test bidding - place your actual bids below.

Lot #0 (Sale Order 1 of 2)

The Thompson farm will be sold for the lump sum, total dollar amount. The acres are based on a survey, dated 2004. Bidding is NOT subject to the following contingencies, including but not limited to financing, an appraisal or inspection of the property.

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 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 Friday, September 29th, 2023. The seller will provide title insurance in the full amount of the purchase price. The 2023 real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing, subject to a pasture lease for 2023. There are no hunting leases associated with 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 Merit Auctions pertaining to this property. Real estate is being sold AS IS.

24.91 Surveyed Acres - 1 Tract

Lot #1 (Sale Order 2 of 2)

Ideal sized tract of land which offers many possibilities including pasture land and wooded areas which offer recreational opportunities.
The farm is improved with a secluded older 2-story farm home in need of repair with a well, septic system, electrical service.
The farm has potential home sites and potential pond sites.
Additionally, the farm is fenced and cross-fenced for livestock.
Mercer County School district
Access is along the east side by 151st St., just a short distance north of Illinois Hwy. 17.
PRIVATE SHOWINGS BY APPOINTMENT ONLY.
Call Auction Manager Dale Jones for showings: (309) 299-6400

Bud Thompson Purchase Agreement.pdf
Thompson-Commitment for Title Insurance.pdf
Thompson survey.pdf


Earl J. "Bud" Thompson Estate
Real Estate > Merit Auctions, LLC > Earl J. "Bud" Thompson Estate
Earl J. "Bud" Thompson Estate
by Merit Auctions, LLC Thu, Aug 24, 2023 12:00 PM Central Virtual Online Auction Sale Date: Thursday, August 24, 2023 Sale Time: 12:00 PM CST Seller: Earl J. “Bud” Thompson Estate – Dave Thompson, Administrator 24.91 Surveyed Acres • 1 Tract Physical Address: 988 151st Street, Aledo, IL 61231 The Thompson farm is located approximately 3 miles west of Aledo, IL or approximately 30 miles southwest of Rock Island, IL. The farm is further described as being located in Section 14, T14N•R4W, Millersburg Township, Mercer County, IL. This tract represents pasture and wooded areas which is improved with an older two-story home in need of repair and other structures. Earl J. “Bud” Thompson Estate Dave Thompson, Administrator Representing Attorney: Karl Bredberg Katz Nowinski, P.C. PO Box 208 2020 SE 3rd St. Aledo, IL 61231-0208 (309) 582-5327 Auction Representatives: Dale Jones (309) 299-6400 Jim Huff (319) 931-9292