This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-6.

All 6 tracts will be sold by the acre: Tracts 1-4 will be sold based on the tax acres, and Tracts 5 & 6 will be sold based on the surveyed acres. All 6 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 6-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 to Seller ten percent (10%) of the purchase price as a non-refundable down payment. 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. Possession will be given at the time of closing subject to an existing cash rent lease on the cropland acres for 2022. Buyer will receive 1/2 of the 2022 cash rent income on cropland acres and pay 1/2 of the 2022 real estate taxes (due in 2023). The allocation of cash rent for each of the six tracts shall be based upon the cropland acres of the tract of each of the six tracts divided by total cropland acres of the six tracts. The allocation of real estate taxes for Tracts 1, 5, and 6 shall be based upon the most recent tax information available for Tracts 1, 5, and 6.

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 FSA INFORMATION

CLICK HERE TO VIEW TRACTS 5 & 6 SURVEY PLAT


CLICK HERE TO VIEW TRACT 1 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 2 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 3 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 4 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 5 PURCHASE DOCUMENTS

CLICK HERE TO VIEW TRACT 6 PURCHASE DOCUMENTS


Seller:
Worrell Farms
Dean Worrell 


Representing Attorney:
Steven E. Siebers
Scholz, Loos, Palmer, Siebers and Duesterhaus LLP
625 Vermont
Quincy, IL 62301
(217) 222-7620

Auction Managers:
John Sullivan (309) 221-6700
Michael Sullivan (309) 333-0916
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• FSA maps should indicate 73.4 cropland acres
• Productivity Index (PI): 134.1 (Class A)
• Soil types include Virden, Ipava and Clarksdale
• Balance of the acres is grass waterways
• ECR 150 borders along the south side
• Real Estate Tax Information
  • PIN 24-30-200-004 - 76.45 acres - $2,538.98 estimated

The purchase agreement will be adjusted to a quantity of 73.4 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA maps should indicate 62.07 cropland acres
• Productivity Index (PI): 139.5 (Class A)
• Soil types include Ipava and Virden
• Balance of the acres is grass roadway which could be farmed
• ECR 150 borders along the north side and the 4-lane Hwy 110 - Chicago to Kansas City Expressway - borders along the south (with access)
• Real Estate Tax Information
  • PIN 24-30-000-317 - 62.23 acres - $2,773.68

The purchase agreement will be adjusted to a quantity of 62.23 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA maps should indicate 60.55 cropland acres
• Productivity Index (PI): 128 (tillable acres)
• Soil types include Ipava, Clarksdale and Fishhook
• Balance of the acres is mostly a grass waterway
• The 4-lane Hwy 110 - Chicago to Kansas City Expressway - borders along the north side (with access)
• Real Estate Tax Information
  • PIN 24-30-400-316 - 8.86 acres - $397.56
  • PIN 24-31-000-319 - 53.82 acres - $1,804.44

The purchase agreement will be adjusted to a quantity of 62.68 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA maps should indicate 135.51 cropland acres
• Productivity Index (PI): 116.9 (tillable acres)
• Soil types include Timewell, Clarksdale, Atlas and Keller
• Balance of the acres are grass waterways and wooded areas with a nice pond 
• The non-tillable acres offer outdoor recreational and hunting opportunities
• ECR 50 borders along the north side, NCR 2000 along the west side and N3000th Ave along the south
• Real Estate Tax Information
  • PIN 24-32-000-336 - 160.0 acres - $3,627.96

The purchase agreement will be adjusted to a quantity of 160 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA maps should indicate 44.63 cropland acres
• Productivity Index (PI): 118.3 (tillable acres)
• Soil types include Rozetta, Keomah and Timewell
• Balance of the acres are wooded which offer outdoor recreational and hunting opportunities
• N2900th Ave borders along the north side
• Real Estate Tax Information
  • PIN 04-0-0056-000-00 - 86.40 acres - $1,165.06 (Covers Tracts 5 & 6)

The purchase agreement will be adjusted to a quantity of 49.32 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA maps should indicate 21.75 cropland acres
• Productivity Index (PI): 114.7 (tillable acres)
• Soil types include Rozetta and Keomah 
• The majority of this tract is wooded which offers excellent outdoor recreational and hunting opportunities with Whitetail deer, turkeys and other small game abundant
• N2900th Ave borders along the north side
• Real Estate Tax Information
  • PIN 04-0-0056-000-00 - 86.40 acres - $1,165.06 (Covers Tracts 5 & 6)
  • PIN 04-0-0053-000-00 - 23.60 acres - $323.52

The purchase agreement will be adjusted to a quantity of 64.76 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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