This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.

The Terstriep real estate will be sold in a live - virtual online auction. All 3 tracts will be sold by the acre and based on surveyed acres. All 3 tracts will be offered through the marketing method of "Buyer's Choice" whereas the high bidder can purchase (in any order) any or all the tracts for their high bid. If the high bidder does not take all 3 tracts, then "Buyer's Choice" auctioning will continue until all the tracts have been elected. The tracts will not be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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 July 25, 2022. Seller will provide Title Insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes due in 2023 will be paid by the seller in full as the seller is retaining the 2022 crop income. Possession will be given at the time of closing subject to the current farm tenancy for the 2022 crop year. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, on our website or in our advertisements is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video footage, etc. are approximate. Buyers should verify all information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".


CLICK HERE TO VIEW SURVEY PLAT

CLICK HERE TO VIEW SURVEY PLAT - AERIAL OVERLAY

CLICK HERE TO VIEW TRACT 1 TITLE COMMITMENT

CLICK HERE TO VIEW TRACT 2 TITLE COMMITMENT

CLICK HERE TO VIEW TRACT 3 TITLE COMMITMENT


CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT


Lance & Christina Terstriep


Representing Attorney: 
Andrew Staff
Staff & Staff
237 North 6th Street, Suite 200
Quincy, IL 62301
(217) 228-8470

Auction Manager: 
Joe Sullivan (844) 847-2161
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• FSA figures should indicate approximately 3.41 cropland acres (which is currently in wheat).
• Crop Productivity Index (PI) is 110.8 on the tillable acres.
• Soils include Menfro & Keswick.
• The balance of the acres are wooded which offer excellent wildlife habitat.
• Fantastic new home building sites.
• Electric service & public water are available in close proximity.
• Road access on the west side by Duck Harbor Road.

The purchase agreement will be adjusted to a quantity of 9.18 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA figures should indicate approximately 2 cropland acres (which is currently in wheat).
• Crop Productivity Index (PI) is 103.1 on the tillable acres.
• Soils include Menfro, Keswick & Bunkum.
• The balance of the acres are wooded which offer excellent wildlife habitat.
• Fantastic new home building sites.
• Electric service & public water are available in close proximity.
• Road access on the west side by Duck Harbor Road.

The purchase agreement will be adjusted to a quantity of 13.37 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA figures should indicate approximately 18.63 cropland acres (which is currently in wheat).
• Crop Productivity Index (PI) is 111.2 on the tillable acres.
• Soils include Winfield, Bunkum & Keswick.
• The balance of the acres are wooded which offer excellent wildlife habitat.
• Fantastic new home building sites.
• Electric service & public water are available in close proximity.
• Road access on the west side by Duck Harbor Road.

The purchase agreement will be adjusted to a quantity of 40.15 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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