Minerva Yeung & Boon Lock-Yeo Farm Sale

Minerva Yeung & Boon Lock-Yeo Farm Sale

Tuesday, January 18, 2022  |  10:00 AM Central
Auction closed.
Minerva Yeung & Boon Lock-Yeo Farm Sale

Minerva Yeung & Boon Lock-Yeo Farm Sale

Tuesday, January 18, 2022  |  10:00 AM Central
Auction closed.
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Description

Adams & Pike County Auction! Tract 1 39.5 acres, Tract 2 28.5 acres and Tract 3 107.8 acres
Catalog Terms of sale
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This lot is INFORMATIONAL ONLY - Method and Terms

Lot # 0 (Sale Order: 1 of 4)      

AUCTION METHOD: ALL TRACTS WILL BE OFFERED IN THE METHOD OF BUYERS CHOICE, WHERE, UPON WINNING THE HIGHEST BID, EACH BUYER CAN SELECT ANY OR ALL OF THE THREE TRACTS IN ANY ORDER. IF ALL TRACTS ARE NOT SELECTED, AUCTION WILL CONTINUE UNTIL EACH OF THOSE TRACTS HAS BEEN SOLD TO THE HIGHEST BIDDER. THE TRACTS WILL NOT BE OFFERED IN THEIR ENTIRETY, OR ANY COMBINATION OF TRACTS, AT THE END OF THE SALE. FINAL ACREAGE FOR TRACTS 1 & 2 WILL BE DETERMINED BY SURVEY TO BE COMPLETED PRIOR TO CLOSING. FINAL PURCHASE PRICES WILL BE BASED ON THE SURVEYED ACREAGES. ALL SALES WILL BE SUBJECT TO SELLER APPROVAL. ****************************************************** TERMS & CONDITIONS: IMMEDIATELY AFTER THE CONCLUSION OF THE AUCTION, BUYERS WILL ENTER INTO A WRITTEN PURCHASE AGREEMENT WITH THE SELLER AND WILL PUT 10% NON-REFUNDABLE EARNEST MONEY AS A DOWN PAYMENT, WITH THE BALANCE BEING DUE IN FULL ON THE DATE OF CLOSING, ON OR BEFORE MONDAY, FEBRUARY 28, 2022. SELLERS ARE RESPONSIBLE FOR PROVIDING TITLE INSURANCE AND A CLEAN, MERCHANTABLE TITLE, AND WARRANTY DEED TO BE CONVEYED TO BUYER UPON CLOSING. THE 2021 REAL ESTATE TAXES WILL BE THE RESPONSIBILITY OF THE SELLER. THE 2022 REAL ESTATE TAXES WILL BE PRORATED TO THE DATE OF CLOSING, WITH BUYER RECEIVING CREDIT AT CLOSING FOR THE TOTAL ESTIMATED AMOUNT OF THE 2021 & PRORATED 2022 REAL ESTATE TAXES. MOVING FORWARD, BUYER WILL BE RESPONSIBLE TO PAY ALL SUBSEQUENT TAX BILLS ISSUED FOR THE TRACT BEING PURCHASED. POSSESSION TO BUYER CONVEYS AT CLOSING, INCLUDING THE 2022 FARMING RIGHTS. THE BIDDING IS NOT SUBJECT TO FINANCING, APPRAISALS, OR INSPECTIONS OF THE PROPERTY. ALL INFORMATION PRESENTED IN RELATION TO THE SUBJECT PROPERTY INCLUDING, BUT NOT LIMITED TO THE DETAILS, ACREAGES, MAPS, PHOTOS ARE DEEMED ACCURATE, BUT ARE NOT WARRANTED. EACH TRACT IS BEING SOLD ?AS IS.? ALL ANNOUNCEMENTS ON DAY OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUS ADVERTISING.

Representing Attorney:
Ronald Hoskin, Lowry & Hoskin, LLP
130 South Madison - Pittsfield, Il 62363

Title Work to be completed by:
Western Illinois Title Services, LLC
130 South Madison - Pittsfield, Il 62363

Jason Duke - Managing Auctioneer ~ Il Lisc #441002141
217-430-2985
www.pcrerealestate.com
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD

Tract 1: Approximatley...36.3 acres of tillable PI Rating of cropland : 93.8 Primary soil types

Lot # 1 (Sale Order: 2 of 4)      

Quantity: 42

Tract 1:
Approximatley 36.3 acres of tillable
PI Rating of cropland : 93.8
Primary soil types include, Kenswick, Bunkman & Winfield
Access from road frontage along E 2975th St on East Side
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Tract 2: Approximatley 18.1 acres of tillable PI Rating of cropland : 103.4 Primary soil types

Lot # 2 (Sale Order: 3 of 4)      

Quantity: 28

Tract 2:
Approximatley 18.1 acres of tillable
PI Rating of cropland : 103.4
Primary soil types include Kenswick, Winfield & Clarksdale
Access from road frontage along E 2975th St on East, and N 250th Ave on the South
1.5 acre pond with timber and small creek, excellent hunting & fishing opportunities
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

Tract 3: FSA indicates 88.26 acres tillable PI rating of cropland: 110.1 Primary soil types include

Lot # 3 (Sale Order: 4 of 4)      

Quantity: 108

Tract 3:
FSA indicates 88.26 acres tillable
PI rating of cropland: 110.1
Primary soil types include Winfield and Menfro
Balance of acreage in timber & brush with an older barn on the property
Access at road frontage along 340th St on the East and 310th Ave on the South 
Offers excellent hunting opportunities with the option of a good annual hunting least
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

SOLD
$7,100.00 x 108 = $766,800.00 Total
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