REAL ESTATE: 1219 Covered Bridge Rd, Chatham, IL 62629
3 Bed, 1 Bath, Approx. 6 Acres, 30' x 45' Morton Building, 35' x 70' Red Barn

REAL ESTATE AUCTION
ONLINE BIDDING!

The following real estate located at 1219 Covered Bridge Rd., Chatham, IL will be sold ONLINE ONLY.

Escape to the country with this 3-bedroom, 1-bath home situated on approximately 6 acres! The property offers plenty of room to spread out and includes a 30' x 45' Morton building, 35' x 70' red barn, and an additional outbuilding, providing excellent space for storage, hobbies, equipment, livestock, or future plans. The home features a large covered porch and is served by city water. Surrounded by open farmland, this property offers a peaceful country setting with plenty of potential for the next owner. Whether you're looking for a country home, hobby farm, renovation project, or simply more space, this property is full of possibilities and ready for someone to make it their own. Property is being offered at auction and will sell AS IS.

ONLINE AUCTION - PRICE LISTED IS STARTING BID PRICE
Bid at BENLADAGE.COM and view complete auction terms.
MLS:CA1046941

ONLINE AUCTION DATE: Tuesday, October 27, 2026 - 6:00 PM CST
Bidding will be held online at BENLADAGE.COM
Property to be sold subject to Seller's approval.
2 OPEN HOUSE DATES: Sunday, Oct. 11 - Noon-2 PM & Monday, Oct. 19 - 4-6 PM
Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511, or through your real estate agent.
POTENTIAL! Come and look!!
Property is being sold "AS IS," in its present condition, with no warranties either expressed or implied.
Parcel ID: #29-20.0-400-023
Terms: A non-refundable earnest money deposit of $2,500 is due within 24 hours of the auction's conclusion. The balance of the purchase price shall be paid in full at closing, which shall occur within approximately 30 days of the executed auction contract.
2025 axes: $1,805.19
TERMS:
Financial arrangements must be made prior to bidding at the auction. A bank letter of credit or proof of funds will be required to bid.
Buyer will be required to enter into a written real estate purchase contract following the close of the auction and Seller's acceptance of the high bid.
Property is being sold "AS IS," in its present condition, with no warranties either expressed or implied.
Property is sold subject to Owner's approval. Seller reserves the right to accept or reject any and all bids.
*A 5% Buyer's Premium will be added to the high bid.
A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction.
Please have all financial arrangements, inspections, and due diligence completed prior to bidding.
Real estate taxes will be prorated through the date of closing.
Title work and closing to take place at Prairie Land Title, Springfield.
2.5% Realtor Co-Op on Property.
Auctioneer & Seller will request waivers for lead-based paint, mold, and radon inspections as applicable.
Executor states the home was originally a log cabin and believes the current living room and kitchen may incorporate portions of the original log structure.
More than 30 years ago, a well on the property was disconnected. The well is believed to still be on the property. Exact location is unknown but is believed to be between the house and shed.
Property is on city water.
Security cameras are present on the property.
Please read Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions.
This auction is being sold with a reserve and is subject to Seller approval. The Seller reserves the right to accept or reject any and all bids. The final bid is not deemed accepted until confirmed by the Seller.
Want to bid but don't know how? No problem! Contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or assist with phone bidding.
Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.
The auction will use a soft close. The auction will begin closing at the stated time; however, if a bid is placed within the final 3 minutes, bidding will remain open for an additional 3 minutes. This process will continue until no bids are received during the final 3-minute period.
Seller: Bonnie Redeford
Ben Ladage, Broker
Office Phone: 217-652-0924
Managing Broker: The Real Estate Group
Go to www.benladage.com for pictures!
Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511.
Property sold AS IS and not subject to inspection contingency.
Property to be sold subject to Seller's approval.
A 5% Buyer's Premium will apply to the high bid.
Contact Ben Ladage Auctions at 217-652-0924 or [email protected] with any questions.
________________________________________
How Does the Real Estate Auction Work?
Participating in a real estate auction is similar to a traditional real estate transaction, but with a few key differences. Here's how the process works:
1. Auction Ending Date and Final Price Determination
o The auction will conclude on October 27, 2026, at which point the highest bid will establish the final auction price.
o The Seller reserves the right to accept or reject the final bid after the auction ends.
2. Contract Signing
o Once the final price is accepted by the Seller, the successful bidder will execute a standard real estate purchase contract.
o The property will be sold "AS IS," and an "AS IS" addendum will be included in the contract. The buyer accepts the property in its current condition without requiring repairs or modifications by the Seller.
3. Financing Options
o Buyers may finance the purchase through a mortgage lender or complete the transaction using cash.
o If financing is involved, buyers should ensure they are pre-approved by their lender prior to the auction to avoid delays or complications.
o The purchase is not contingent upon financing. Buyers should have all financial arrangements in place prior to bidding.
4. Closing Period
o A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction.
5. Additional Considerations
o Inspection Period: Buyers are encouraged to inspect the property prior to the auction date. The property is sold "AS IS," so all inspections and due diligence must be completed prior to bidding.
o Earnest Money Deposit: A $2,500 earnest money deposit is due within 24 hours of the auction's conclusion and Seller's acceptance of the high bid.
o Buyer's Premium: A 5% Buyer's Premium will be added to the high bid to determine the total purchase price.
o Auction Terms and Conditions: Bidders should carefully review the auction terms and conditions before participating to ensure a full understanding of the process and their responsibilities.
6. Questions or Concerns
o If you have any questions about the property, auction process, or transaction details, please contact Ben Ladage, licensed real estate broker and auctioneer.
o Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.