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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• 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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