Hancock County, IL Land Auction - Gronewold
Hancock County, IL Land Auction - Gronewold
See Special Terms for additional fees
Description
Tract 1 represents Class A, pattern tiled, tillable farmland. Tract 2 represents productive, pattern tiled, tillable farmland. Both tracts sell free & clear for the 2023 crop year.
The Gronewold farms are located approximately 4 miles southeast of Hamilton, IL and are further described as being located in Sections 11 & 14, T4N • R8W, Wythe Township, Hancock County, IL.
MANAGED BY
Michael Sullivan (309) 333-0916
Jim Sullivan (217) 440-8172
x Cancel
Method & Terms
Lot # 0 (Sale Order: 1 of 3)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-2.
The tracts will be sold on a price per acre basis. Tract 1 will sell based on surveyed acres. Tract 2 will be sold based on taxable acres. Each tract will be sold individually. The tracts will NOT be offered in their entirety at the conclusion of the auction.
Immediately following the auction, the successful buyer 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 Friday, November 18, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Possession will be given at the time of closing, subject to the removal of the crops. The tracts sell free & clear for the 2023 crop year.
Bidding is NOT subject to the following contingencies, including but not limited to financing, an appraisal or inspection of the property.
All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 TILE MAPS
CLICK HERE TO VIEW TRACT 1 SURVEY
CLICK HERE TO VIEW FSA INFORMATION
CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT
Max & Elaine Gronewold - Sellers
Representing Attorney:
TJ Werner | Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP
524 N. Main Street, Burlington, Iowa | (319) 754-7585
Auction Manager:
Michael Sullivan (309) 333-0916
Jim Sullivan (217) 440-8172
Tract 1 - 86.57 Surveyed Acres
Lot # 1 (Sale Order: 2 of 3)
Quantity: 87
- FSA figures indicate 84.46 acres of cropland currently in row crop production
- Productivity Index (PI): 133 (Class A)
- Productive soil types include Ipava, Osco, Clarksdale, Assumption, Keller, Elco & Rubio
- Pattern tiled (see website for map)
- Access is along the east side by N County Road 1200
The purchase agreement will be adjusted to a quantity of 86.57 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 75 Taxable Acres
Lot # 2 (Sale Order: 3 of 3)
Quantity: 75
- FSA figures indicate 65.58 acres of cropland currently in row crop production
- Productivity Index (PI): 110.2
- Soil types include Keller, Clarksdale, Fishhook-Atlas, Ipava & Buckhart
- Pattern tiled (see website for map)
- Access is along the east side by N County Road 1200 & along the north side by E County Road 1050
The purchase agreement will be adjusted to a quantity of 75 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
