Logan County, IL Land Auction - King
Logan County, IL Land Auction - King
See Special Terms for additional fees
Description
Logan County, Illinois
The King Family Trust real estate is located approximately ½ mile west of Chestnut, IL, or 7 miles northeast of Mt. Pulaski, IL, 11 miles southeast of Lincoln, IL, or 13 miles southwest of Clinton, IL, or 20 miles northwest of Decatur, Illinois. The property is further described as being located in Section 34, T19N-R1W, Aetna Township, Logan County, Illinois.
Farmers & investors, don’t miss this opportunity to purchase this well-located Class A Logan County farm!
Auction Managers:
Kevin Haas (309) 264-7767
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
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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 King Family Trust 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 Thursday, April 25, 2024.
The seller will provide title insurance in the full amount of the purchase price and will pay the 2023 real estate taxes due in 2024 with a credit at closing. Buyer pays 2024 taxes and beyond. Possession at the time of closing is subject to the 50-50 crop share lease agreement (contact the auction manager for details regarding the 2024 farm lease).
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 TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
King Family Trust
Auction Managers:
Kevin Haas (309) 264-7767
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
Tract 1 - 100.69 taxable acres +/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 101
- 100.69 taxable acres+/-
- FSA figures should indicate 96.14 NHEL cropland acres
- Productivity Index (PI): 140.8
- Soil types include Ipava, Sable, and Shiloh
- Access along the north side from 950th St
The purchase agreement will be adjusted to a quantity of 100.69 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
