Pike County, IL Land Auction - Rooney
Pike County, IL Land Auction - Rooney
See Special Terms for additional fees
Description
Pike County, Illinois
The Rooney Farm Properties South, LLC real estate is located a short distance southeast of Hull, IL, or approximately 11 miles east of Hannibal, MO, or 20 miles southeast of Quincy, IL. The land is further described as being located in Sections 1 & 2, T5S-R7W, Cincinnati Township, & Section 36, T4S-R7W, Kinderhook Township, all in Pike County, IL.
The Rooney farm contains a total of 443 acres± and will be sold in 3 tracts. All 3 tracts represent highly productive, nearly all tillable Mississippi River bottomland and is located in the Sny Drainage District. Tracts 2 and 3 are improved with Valley GPS ready center pivot irrigation units.
Farmers and investors, the Rooney real estate offers a tremendous opportunity to purchase over 440 contiguous acres of productive Mississippi River bottomland with Valley irrigation system.
Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
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Method & Terms
Lot # 0 (Sale Order: 1 of 4)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.
All 3 tracts 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) any or all of the tracts for their high bid. If the high bidder does not take all the tracts, then "Buyer's Choice" auctioning will continue until all 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(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 take place on or before Feb 22, 2023. 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. Possession will be given at the time of closing and the farm sells free and clear of tenancy for the 2023 crop year.
Bidding is NOT subject to any 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 our brochure 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 all 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 SURVEY PLAT
CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 1
CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 2
CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 3
Rooney Farm Properties South, LLC
Representing Attorney:
Ronald K. Hoskin | Lowry & Hoskin, LLP
130 S Madison St. Pittsfield, IL 62363 | (217) 285-4822
Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
TRACT 1 - 82.44 Acres+/-
Lot # 1 (Sale Order: 2 of 4)
Quantity: 82
- FSA records indicate 81.43 NHEL cropland acres
- Soil Productivity Index: 128.9
- Soils include Wakeland, Orion, Vesser
- Access along the east side from 200th St and along the south side from 270th Ave.
The purchase agreement will be adjusted to a quantity of 82.44 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
TRACT 2 - 101.86 Acres+/-
Lot # 2 (Sale Order: 3 of 4)
Quantity: 102
- FSA records should indicate 100 NHEL cropland acres (split field with tract 3)
- Soil Productivity Index: 128.0
- Soils include Wakeland, Orion, Coffeen
- Improved with a Valley 5-tower electric drive center pivot irrigator
- Currently, there is additional irrigation coverage from the pivot on Tract 3
- Access along the west side from 200th St and along the south side from 270th Ave.
The purchase agreement will be adjusted to a quantity of 101.86 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
TRACT 3 - 270.8 Acres+/-
Lot # 3 (Sale Order: 4 of 4)
Quantity: 271
- FSA records should indicate 203.14 NHEL cropland acres (split field with tract 2)
- Soil Productivity Index: 128.4
- Soils include Wakeland, Orion, Vesser
- Improved with a Valley 10-tower electric drive center pivot irrigator
- Currently, there is additional irrigation coverage from the pivot on Tract 2
- Access along the west side from 200th St and along the east side from 205th Ave.
The purchase agreement will be adjusted to a quantity of 270.8 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
