E. Jean Kinnamon

E. Jean Kinnamon

Tuesday, October 3, 2023  |  12:00 PM Central
Auction closed.
E. Jean Kinnamon

E. Jean Kinnamon

Tuesday, October 3, 2023  |  12:00 PM Central
Auction closed.
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Description

Virtual Online Auction
E. Jean Kinnamon

Sale Date: Tuesday, October 3, 2023
Sale Time: 12:00 PM CST
Seller: E. Jean Kinnamon

64.13 Taxable Acres • 1 Tract

The E. Jean Kinnamon farm is located approximately 3 miles southwest of Seaton, IL or 22 miles northwest of Monmouth, IL and is further described as being located in Section 3, T12N•R4W, Bald Bluff Township, Henderson County, IL.

Representing Attorney:
Eric J. Long
The Law Office of Eric J. Long
PO Box 251
201 W Main St. #2
Aledo, IL 61231
(309) 582-0100

Auction Representative:
Dale Jones (309) 299-6400

Merit Auctions, LLC


319-405-0031
Catalog Terms of sale
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This lot is informational and may be used for test bidding - place your actual bids below.

Lot # 0 (Sale Order: 1 of 2)      

The Kinnamon Farm will be sold on a price per acre basis, based on 64.13 taxable acres and the advertised acres found in this brochure. Bidding is NOT subject to the following contingencies, including but not limited to financing, an appraisal or inspection of the property.

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 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 Friday, November 3rd, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes. Possession will be given at the time of closing, subject to the removal of the crops.  The tract sells free & clear for the 2024 crop year.

All announcements made on 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 Merit Auctions pertaining to this property. Real estate is being sold AS IS.


 
Kinnamon- Title Commitment .pdf
...more

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64.13 Taxable Acres

Lot # 1 (Sale Order: 2 of 2)      

Quantity: 64

  • FSA maps should indicate 65.62 cropland acres
  • Includes .94 acre in CRP with an annual payment of $282 expiring September 2032
  • Productivity Index (PI): 119.9
  • Soil types include Seaton, Biggsville, Seaton-Timula, Joy, Edgington and Sawmill
  • This is a productive, nearly 100% tillable tract.
  • Please note the Purchase Agreement will reflect 64.13 Acres. The bidding platform will round the quantity to 64 Acres.

KINNAMON PURCHASE AGREEMENT.pdf
KINNAMAN FSA 156.pdf
FSA AERIAL.pdf
KINNAMON CRP CONTRACT.pdf
KINNAMON TAX INFO.pdf
KINNAMON TILE MAP.pdf

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Sold for: USD 11,000.00
$11,000.00 x 64 = $704,000.00
Total Bid: USD 704,000.00

You've been outbid  to C****3! to YOU!

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$11,000.00 x 64 = $704,000.00 Total
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