Mercer County, IL Land Auction - Rooth
Mercer County, IL Land Auction - Rooth
See Special Terms for additional fees
Description
The Rooth farm is located approximately 5 miles northwest of Joy, Illinois or 18 miles southeast of Muscatine, Iowa. The farm is further described as being located in Section 30, T15N-R4W, Duncan township, Sections 25 and 36, T15N-R5W, Eliza township, and Sections 1 and 2, T14N-R5W, New Boston township, Mercer County, IL.
MANAGED BY
Dale Jones (309) 299-6400
Michael Sullivan (309) 333-0916
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Method & Terms
Lot # 0 (Sale Order: 1 of 7)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-6.
The tracts will be sold on a price per acre basis, based on either the taxable or surveyed acres. Tracts 1 - 6 will be offered through the marketing method of "Buyers Choice", whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, then the remaining tract(s) will be offered. This will continue until all of 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 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 November 21, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The 2023 and all subsequent real estate taxes will be the responsibility of the buyer. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The property sells free and clear of tenancy for 2023.
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 SURVEY PLAT
CLICK HERE TO VIEW TAX INFORMATION
CLICK HERE TO VIEW PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 1 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 2 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 3 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 4 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 5 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 6 TITLE COMMITMENT
Sara Rooth - Seller
Representing Attorney:
James A. Nepple | Stanley, Lande & Hunter, PC
615 Cedar St #101, Muscatine, IA 52761 | (563) 264-5000
Auction Managers:
Dale Jones (309) 299-6400
Michael Sullivan (309) 333-0916
Tract 1 - 158.07 Surveyed Acres
Lot # 1 (Sale Order: 2 of 7)
Quantity: 158
- FSA Maps indicate 158.05 NHEL cropland acres
- Soil Productivity Index (PI): 137.8 (Class A)
- Soil types include Muscatune, Osco, Greenbush, Sylvan-Bold, Rozetta, Fayette and Sable
- Road access along the south side from 130th Ave
The purchase agreement will be adjusted to a quantity of 158.07 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 100.27 Surveyed Acres
Lot # 2 (Sale Order: 3 of 7)
Quantity: 100
- FSA Maps indicate 98.58 UHEL cropland acres
- Soil Productivity Index (PI): 130.8
- Soil types include Osco, Greenbush, Fayette, Sylvan-Bold, Fayette and Hickory-Sylvan
- Road access along the south side from 130th Ave and west side from 95th St.
The purchase agreement will be adjusted to a quantity of 100.27 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 59.73 Surveyed Acres
Lot # 3 (Sale Order: 4 of 7)
Quantity: 60
- FSA Maps indicate 49.57 UHEL cropland acres
- Soil Productivity Index (PI): 87.1
- Soil types include Hickory-Sylvan, Fayette, Hickory, Greenbush, Sylvan-Bold, and Orion
- Road access along the west side from 95th St
The purchase agreement will be adjusted to a quantity of 59.73 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 99.94 Taxable Acres+/-
Lot # 4 (Sale Order: 5 of 7)
Quantity: 100
- FSA Maps indicate 88.32 NHEL cropland acres
- Soil Productivity Index (PI): 124.4
- Soil types include Littleton, Orion, Dixinson, Hickory, Sawmill, Hoopeston, Radford,
Seaton, Brooklyn and Raddle - Road access along the west and south side from High Point Rd
The purchase agreement will be adjusted to a quantity of 99.94 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 5 - 69.76 Taxable Acres+/-
Lot # 5 (Sale Order: 6 of 7)
Quantity: 70
- FSA Maps indicate 61.93 NHEL cropland acres
- Soil Productivity Index (PI): 131.7
- Soil types include Raddle, Sawmill, Radford, Brooklyn, Hickory and Orion
- Road access along the north and east from High Point Rd
The purchase agreement will be adjusted to a quantity of 69.76 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 6 - 30 Taxable Acres+/-
Lot # 6 (Sale Order: 7 of 7)
Quantity: 30
- FSA Maps indicate 27.1 NHEL cropland acres
- Soil Productivity Index (PI): 132
- Soil types include Mannon, Joy, Littleton, Seaton-Timula and Orion
- Access via an easement from the west off 90th St. to the northwest corner of the tract
The purchase agreement will be adjusted to a quantity of 30 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
