Lee County, IL Land Auction - Johnson
Lee County, IL Land Auction - Johnson
See Special Terms for additional fees
Description
Lee County, Illinois
The Johnson farm is located approx. 3 miles north of Ohio, IL along Easy Rd. and Pump Factory Rd. (hard surface) and is further described as being located in Section 32, T19N-R9W, East Grove Township, Lee County, IL.
The Johnson farm represents productive tillable farmland with center pivot irrigation. A great opportunity for investors and farmers.
Auction Manager:
Isaac Taber (309) 335-8081
Brandt Henness (309) 224-4276
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Method & 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 Johnson Farm will be sold on a price per acre basis, based on taxable acres.
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 Monday, March 11, 2024.
The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 cash rent/CRP income and will pay all of the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing. The buyer will reimburse the seller at closing for fall tillage ($4,632) applied for the 2024 crop. Contact auction manager for details.
Bidding is NOT subject to any 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 PURCHASE AGREEMENT
CLICK HERE TO VIEW TITLE COMMITMENT
Douglas Johnson
Title Company:
Security First Title Company
205 W Stephenson St, Freeport, IL 61032
Auction Manager:
Isaac Taber (309) 335-8081
Brandt Henness (309) 224-4276
Tract 1 - 271.1 taxable acres+/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 271
- 271.1 taxable acres
- FSA figures indicate 239.88 acres of NHEL cropland currently in row crop production.
- Productivity Index (PI): 112.8
- Soil types include Wyanet, Dickinson, Ayr, and Clyde
- An additional 15.96 acres of cropland are enrolled in a CP21 CRP contract. This contract pays $300.00 per acre for an annual payment of $4,788.00. The contract runs through 9-30-2027
- The farm is improved with two pivots covering approximately 227.65 acres
- Zimkey 7-tower electric drive center pivot system
- Zimmatic 7-tower electric drive center pivot system
- Bridges replaced and improved in 2019
- Hunting opportunities
- Access is along Easy Rd and Pump Factory Rd.
The purchase agreement will be adjusted to a quantity of 271.1 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
