Adams County, IL Land Auction - Terwelp

Adams County, IL Land Auction - Terwelp

Monday, August 16, 2021  |  10:00 AM Central
Auction closed.
Adams County, IL Land Auction - Terwelp

Adams County, IL Land Auction - Terwelp

Monday, August 16, 2021  |  10:00 AM Central
Auction closed.
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Description

132.9 Surveyed Acres± • 1 Tract

The Terwelp farm contains 132.9 surveyed acres and will be sold in 1-tract. The farm is located approximately 5 miles east of Mendon, IL or 12 miles northwest of Camp Point, IL or 16 miles northeast of Quincy, IL. From Interstate 336/110 at the east edge of Mendon, IL, take County Road (CR) N2250th Ave east 3 miles to CR E1535th St, then north and east 1 mile to CR 1600E, then north ½ mile to the farm. Or, from Camp Point, IL take Highway 24 west 5 miles to Coatsburg, IL, then north on CR E1850th St 3 miles to CR N2200th Ave, then west 11/2 miles to CR E1700th St, then North 1 mile to CR 2300N, then west 1 mile to CR 1600E, then north ½ mile to the farm. The property is further described as generally being located in the North Half of Section 3, T1N-R7W, Honey Creek Township, Adams County, IL. (Watch for pre-sale directional signs.)

Auction Managers:
John Sullivan (309) 221-6700
Dan Sullivan (319) 795-1833
Catalog Terms of sale
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Method and Terms

Lot # 0 (Sale Order: 1 of 2)      


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

The Terwelp property will be sold by the acre based on 132.9 surveyed acres.

Immediately following the auction, the successful bidder 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 the closing. The balance of the purchase price will be due at closing which will be on or before September 17, 2021. The seller will pay the 2021 real estate taxes due and payable in 2022 and is retaining all the crop income for 2021. Title insurance in the full amount of the purchase price will be provided by the seller. Full possession will be given at the time of closing subject to a 2021 crop tenancy & hunting lease.

Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure 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, LLC pertaining to this property. Real estate is being sold "AS IS".

CLICK HERE TO VIEW PURCHASE AGREEMENT

Tim & Lisa Terwelp

Representing Attorney:
Dennis G. Woodworth
Blickhan, Timmerwilke & Woodworth
226 North Sixth Street
Quincy, IL 62301
(217) 221-4200

Auction Managers:
John Sullivan (309) 221-6700
Dan Sullivan (319) 795-1833
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Tract 1 - 132.9 Surveyed Acres+/-

Lot # 1 (Sale Order: 2 of 2)      

Quantity: 133

 
  • 132.9 surveyed acres
  • FSA maps indicate 119.24 cropland acres
  • Soil Productivity Index (PI): 113.2 (tillable acres)
  • Soil types include: Wakeland, Drury, Rozetta and Ursa
  • There has been a considerable amount of field drainage tile & conservation terraces installed
  • Although the farm is 90% tillable, it is surrounded by mature timber, has patches of woods as well as the south fork of Bear Creek bordering the farm on the north and east sides, all of which provides excellent hunting
  • Many home building sites available with ABS rural public water available in the southwest corner of the farm.
  • This farm was recently limed in the Fall of 2020.
  • Feel free to view this property at your convenience, as there is a very distinct field road that meanders through the farm.

The purchase agreement will be adjusted to a quantity of 132.9 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

 
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Sold for: USD 6,700.00
$6,700.00 x 133 = $891,100.00
Total Bid: USD 891,100.00

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

Placing your bid. please wait...

$6,700.00 x 133 = $891,100.00 Total
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