RALLS COUNTY, MO LAND AUCTION - LAKE

LOCATION Ralls County, Missouri Tracts 1, 2, & 3 of the Lake farm are located approximately 4.5 miles northeast of New London, MO and are further described as being located in Section 28, T56N-R4W, Saverton Township, Ralls County, MO. Tracts 1 & 2 have access from the south off Flint Hill Rd. Tract 3 has access from the west off Old Flint Trail. Tracts 4 & 5 of the Lake farm are located approximately 5.1 miles northeast of New London, MO and approximately 6.7 miles south of Hannibal, MO. Tracts 4 & 5 are further described as being located in Sections 20 & 29, T56N-R4W, Saverton Township, Ralls County, MO. Tracts 4 &5 have access from the south off Flint Hill Rd. SELLER Richard J. & Tracy L. Lake MANAGED BY Steve Zeiger (573) 231-9802 Dan Sullivan OPEN HOUSE Saturday, March 21, 2026 10:00 AM - 1:00 PM GENERAL INFORMATION 252 acres (subject to survey) 5 tracts The Jeremy & Tracy Lake Farm offers a prime Ralls County real estate opportunity located just 4.55 miles northeast of New London and approximately 67 miles south of Hannibal, combining strong agricultural appeal with excellent accessibility. Selling in five individual tracts, this auction provides flexibility for farmers, investors, and rural home buyers alike. Tracts 1 and 2 offer convenient frontage and access from Flint Hill Road, while Tract 3 is accessed from Old Flint Trail, providing a more private setting ideal for farming, recreation, or a country homesite. Tract 4 features established CRP income, offering built-in annual return potential for investors seeking steady conservation revenue. Tract 5 is improved with a home and a nice outbuilding, making it an outstanding choice for an owner-occupant, headquarters tract, or rural lifestyle buyer. With road frontage, income potential, improvements, and a desirable Northeast Missouri location, this is a rare opportunity to purchase quality land in a flexible multi-tract format. TRACT INFORMATION Tract 1 - 23 acres (subject to survey) FSA records indicate approximately 19.31 acres; HEL determinations not made for all fields NCCPI Rating: 76.9 Soil types include Menfro & Winfield Land represents well maintained pasture/hay ground One small pond Rural water, electric, and fiber optic along Flint Hill Road Located in Hannibal School District Access is from the south off Flint Hill Road Tract 2 - 49 acres (subject to survey) FSA records indicate approximately 42.42 acres; HEL determinations not made for all fields NCCPI Rating: 75 Soil types include Winfield, Weller, & Menfro Land represents well maintained pasture/hay ground with the remainder in a timber draw Rural water, electric, and fiber optic along Flint Hill Road Located in Hannibal School District Access is from the south off Flint Hill Road Tract 3 - 56 acres (subject to survey) FSA records indicate approximately 10.95 acres; HEL determinations not made for all fields NCCPI Rating: 73.1 Soil types include Winfield & Menfro Land represents some open pasture/hay ground with the remainder in mature hardwood timber A beautiful home site with excellent recreational attributes Includes an older barn and one small pond Rural water, electric, and fiber optic along Old Flint Trail Located in Hannibal School District Access is from the west off Old Flint Trail Tract 4 - 104 acres (subject to survey) FSA records indicate approximately 52.17 HEL cropland acres NCCPI Rating: 70.6 Soil types include Winfield , Weller, & Goss Land represents a mix of open ground currently enrolled in CRP and hardwood timber draws Includes an older barn and two small ponds Rural water, electric, and fiber optic along Flint Hill Road Located in Hannibal School District Access is from the south along Flint Hill Road Tract 5 - 20 acres (subject to survey) Currently 1.94 acres enrolled in CRP 2,384 SF ranch style home Metal roof Vinyl siding 24 x 24 attached garage 4 bedrooms 2 full bathrooms and 1 bath Full basement under original construction Crawl space under addition 60 x 60 x 14 post framed steel utility building Rural water, electric, and fiber optic Located in Hannibal School District Access is from the south off Flint Hill Road METHOD & TERMS Tracts 1-4 will be sold on a price per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. Tract 5 will then be offered for a lump sum total. Personal property in the house and outbuildings on Tract 5 will NOT be conveyed with the property. The tracts will NOT be offered in their entirety at the conclusion of the auction. 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, payable to Accurate Land Title Company, 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 May 3, 2026. The seller will provide title insurance in the full amount of the purchase price. The 2025 real estate taxes have been paid by the seller(s). The 2026 real estate taxes will be prorated at the time of closing. Open lease for 2026 crop year and beyond. Full possession at closing. Please contact auction manager to schedule showing times. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of 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 Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS. Closing & Title Work: Accurate Land Title Company 218 Broadway, Hannibal, MO 63401 | (573) 221-1002 Auction Managers: Steve Zeiger (573) 231-9802 Dan Sullivan