iAuction Terms & Conditions 

1. Procedure: Bidding ends Tuesday, August 22, 2023 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes on each tract. All Bids are placed by the Lump Sum on tracts 1 and 2! All Bids are by the Acre on tract 3!   

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Wednesday, August 23, 2023 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, September 28, 2023. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2023 Real Estate taxes to be paid by the Sellers.  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. This property is subject to prior sale. 

Madison County, MO Land for Sale at iAuction – Richard Edwards Estate

Property Preview Saturday, August 5^th 10AM to Noon.  

Bidding Ends Tuesday, August 22^nd at 10AM.  

Welcome to the stunning property in Madison County, Missouri, boasting a remarkable expanse of 101.5 acres. This expansive land is being offered in three tracts, presenting an exceptional opportunity for nature enthusiasts, hunters, and those seeking a tranquil retreat. Nestled within the property are mature woods, creating a serene haven for outdoor activities and recreational pursuits. 

One of the standout features of this property is the presence of a spring-fed creek, adding to the allure and natural charm of the land. The tranquil babble of the water as it meanders through the woods provides a soothing ambiance and creates a picturesque setting. 

Included in this enticing package are two residential dwellings, ensuring comfortable living spaces for residents or guests. The first residence is a 3-bedroom, 2-bathroom modular home, offering modern amenities and a cozy atmosphere. The second residence is a 3-bedroom, 2-bathroom stick-built house, featuring a 2-car garage and a covered porch, providing a delightful spot to unwind and appreciate the scenic surroundings. 

In addition to the residential structures, there is a convenient machine shed on the property, complete with a concrete floor. This versatile space offers ample room for storage, equipment, or potential workshop opportunities. 

Situated on Highway 67, this property boasts excellent accessibility, making commuting and traveling a breeze. Located 16 miles south of Fredericktown and a mere 45 minutes north of Poplar Bluff, you'll enjoy the perfect balance of privacy and convenience. Moreover, the property's proximity to Lake Wappapello ensures an easy drive for those seeking recreational activities on the water. 

For further details or to explore this remarkable property firsthand, please don't hesitate to contact Paul Diller at 636-262-6352. Take this opportunity to embrace the beauty of Madison County, Missouri, and discover the limitless possibilities that await on this 101.5-acre oasis. 

Tract 1: 6.5± acres with a 3bd/2ba modular on a crawl space with a carport and small shed.  

Tract 2: 10± acres with 3bd/2ba house on a crawl space with a large open living room/dining/kitchen. 2 car attached garage and covered back porch. 

Tract 3: 85± acres consisting of mature woods, trail system, and creek. Nice build sites along with machine shed with concrete floor.