iAuction Terms & Conditions 

1. Procedure: Bidding ends Tuesday, August 27, 2024, 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.   

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 28, 2024 (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, October 10, 2024. 

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 2024 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. All announcements made day of sale take precedence over prior advertising either written or oral.  This property is subject to prior sale. 

Lincoln County, MO Land for Sale at iAuction – Lilley Heritage Farm 

Preview Day Saturday, August 10^th 9AM to Noon.  

Bidding Ends Tuesday, August 27^th at 10AM. 

The Lilley Heritage Farm has been in the Lilley family since 1930 and is now being offered to the public in 5 tracts. These 171± flat to gently rolling acres are located 1 mile north of Elsberry on highway 79 and represent some of the finest soils in Lincoln County, MO. Along with these highly productive acres are excellent hunting, recreation, homesites, and the Lilley family home and improvements. The Lilley farm is only 28 miles north of O’Fallon and under an hour from St. Charles. This truly is the chance of a lifetime!  

For more information call or text Joe Ogden at 636-358-3567. 

Tract 1: 10± gently rolling acres with a 2bd, 2ba ranch style home with a great view overlooking the river bottom. The home features two living rooms, formal dining, and breakfast nook. Per the county tax records the house was built in 2006 and is approximately 2,137 sq ft. The Lilley home is partial brick and vinyl siding with a full walkout basement, 2 car garage, deep well, and septic. Other improvements on this tract include a 36’x54’ (approx.) machine shed with concrete floor, electric and water hydrant (outside), 3 grain bins with concrete floors and fans. The Lilley home is serviced by Cuivre River Electric and the machine sheds and grain bins are serviced by Ameren Electric. Access off highway 79 with shared roadway agreement with tract 2.  

Tract 2: 32± flat to gently rolling acres with approximately 10 acres of farmland. Soils consist mostly of Menfro silt loam 5 to 9 slope and 9 to 14 slope. Mature hardwoods make up the balance of the land offering hunting and recreation. This tract also offers a prime building spot overlooking the Mississippi River bottom to the east. Access off highway 79 with shared roadway agreement with tract 1. 

Tract 3: 10± highly productive acres consisting mostly of Haymond silt loam 0 to 2 and Dockery silty clay loam 0 to 2. This tract is nearly 100% tillable. Access off highway 79.  

Tract 4: 43± highly productive acres consisting mostly of Carlow silty clay loam 0 to 2, Dupo silt loam 0 to 2, and Dockery silty clay loam 0 -2. This tract is nearly 100% tillable. Access off highway 79.  

Tract 5: 76± highly productive acres consisting mostly of Portage clay 0 to 2 and Dupo silt loam 0 to 2. This tract is nearly 100% tillable and has potential for waterfowl development and opportunities to harvest mature whitetails. Access off highway 79 via 30’ flag lot.