Rock Island County, IL Land Auction - McDonald
Rock Island County, IL Land Auction - McDonald
See Special Terms for additional fees
Description
The McDonald farm is located approximately 3 miles west of Edgington, IL at the junction of Hwy 192 & Hwy 92 and is further described as being located in Section 11, T16N - R4W, Buffalo Prairie Township, Rock Island County, IL. The farm represents productive, Class A, tillable farmland which sells free & clear for the 2023 crop year!
MANAGED BY
Dale Jones (309) 299-6400
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 real estate will be sold on a price per acre basis, based on the 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 due at closing which will take place on or before November 14, 2022. Seller will retain all the 2022 farm income and pay the 2022 real estate taxes, due and payable in 2023. The buyer will be responsible for the 2023 and all subsequent taxes. Title insurance in the full amount of the purchase price will be provided by the seller. Possession will be given at the time of closing subject to a farm crop tenancy for 2022 only.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.
All announcements made on 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 FSA INFORMATION
CLICK HERE TO VIEW SURVEY PLAT
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Steve McDonald - Seller
Representing Attorney:
Dan Churchill | Churchill & Churchill
1610 5th Ave | Moline, IL 61265 | (309) 762-3643
Auction Manager:
Dale Jones (309) 299-6400
Tract 1 - 86.55 Surveyed Acres
Lot # 1 (Sale Order: 2 of 2)
Quantity: 87
- FSA Maps indicate 88.05 NHEL cropland acres
- Soil Productivity Index (PI): 142.8 (Class A)
- Soil types include Muscatune, Buckhart, Greenbush, Atterberry, Sable and Fayette
- Hwy 192 borders along the east side and Hwy 92 borders along the north side
The purchase agreement will be adjusted to a quantity of 86.55 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.