Madison County, IL iAuction Terms & Conditions 

1. Procedure: Bidding ends Thursday, August 29, 2024, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Acre!  

2. BUYERS PREMIUM: 10% 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, Friday, August 30, 2024 (hand delivered, faxed, electronic signature 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 3, 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 2023 Real Estate taxes to be paid for by the Sellers. The 2024 Real Estate taxes to be prorated to the day of closing.     

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. 

Madison County, IL Land for Sale at iAuction – Welsh/Hey Property 

3% Commission to Buyer Agents!  

Property Preview Saturday, August 3^rd 10AM to 11AM.  

Bidding Ends Thursday, August 29^th at 10AM.  

These 42.052 survey acres are located within the city limits of Alton just ½ mile south of Harris Lane on a private ingress/egress road. The owners have developed the land as a private motocross track and consists of a Pro track, Sand track, Arena track, Flat track, PW track, and Pit Bike track. See track details below. Along with the motocross tracks the property consists of woods and the West Fork Wood River snakes along the west boundary of the land offering swimming, fishing, and floating. At the southeast corner of the property is a homesite out of the floodplain with city sewer available at no cost to tap into. Electricity and Water are currently not onsite but can be ran to the property.  

For more information call or text Jason Wallingford 314-882-6971.  

Pro Motocross Track: 80ft double, Triple option (tunnel jump), Dragons back, 50 ft double, 80ft uphill, 120ft back table triple, sand section into rollers, 100ft center triple, 100ft double, triple 60ft double, 5 rollers, and woods section. 

Arena Track: 60 Ft finish line, 20ft double step on step off, 55ft triple, 30ft double, 30ft double, and 20ft table into Whoops.