This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.

Open House: Saturday, May 21st, 9:00 AM - 12:00 PM
Physical address: 46532 200th Ave, Pearl, Illinois 62361

A survey will be completed on all tracts prior to the auction. Tracts 1 and 2 will be sold by the acre based on the surveyed acres and offered through the marketing method of "Buyer's Choice" whereas the high bidder can purchase (in any order) either or both of the tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been elected. We will then sell tract 3 for a lump sum total dollar amount. Each tract will sell individually and 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 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 be on or before July 28, 2022. Possession will be given at the time of closing subject to the current 2022 farm lease.

The 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. The 2022 real estate taxes will be prorated to the day of closing and all subsequent years will be the responsibility of the buyer(s). The farm sells subject to a one year cash rent crop tenancy and the cash rent income will be prorated to the day of closing (contact auction manager for details).

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, 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 SURVEY PLAT - AERIAL OVERLAY


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 1 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT

CLICK HERE TO VIEW TRACT 3 RESIDENTIAL DISCLOSURE


Wanda Hoover Life Estate
Rowena Lipcamon - Executor


Representing Attorney:
Walker Filbert
Filbert Law Office
116 North Monroe Street
Pittsfield, IL 62363
(217) 371-0636

Auction Manager:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
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• FSA records indicate 21.79 NHEL cropland acres
• Productivity Index (PI) on cropland acres: 115.2
• Soil types include Winfield and Menfro
• Balance of the acres is fenced pasture land with trees
• Rural water and electricity available
• Road 463rd St borders this tract on the west side
• Additional access via a 30' easement off of 200th Ave.

The purchase agreement will be adjusted to a quantity of 41.43 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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• FSA records indicate 23.76 NHEL cropland acres
• Productivity Index (PI) on cropland acres: 117
• Soil types include Winfield
• Balance of the acres is fenced pasture land with trees - Improved with a nice pond
• Rural water and electricity available
• Road 463rd St borders this tract on the west side and
• 200th Ave on the south side

The purchase agreement will be adjusted to a quantity of 41.35 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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Open House: Saturday, May 21st, 9:00 AM - 12:00 PM
Physical address: 46532 200th Ave, Pearl, Illinois 62361

• Improvements include:
  • 1300+/- sq. ft. ranch style home
  • 3 bedrooms, 1 bathroom, eat-in kitchen, and a large living room
  • Original hardwood floors under carpet
  • Metal roof and vinyl siding
  • Full basement with a 3/4 bathroom and kitchenette
  • Electric baseboard heat and electric water heater
  • County water
  • 1 car attached garage (carport does not convey)
• Other improvements include a 40' x 80' open front pole shed with shop
• Road access via 30' gravel driveway off 200th Ave.

This tract will be sold for a lump sum, total dollar amount.
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