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 will be due at closing which will take place on or before November 28th, 2022. The seller will provide title insurance in the full amount of the purchase price and will provide the buyer with a credit at closing for the 2022 taxes payable in 2023 based upon the most current information available. Buyer will be responsible for all subsequent real estate taxes. Possession will be given at closing subject to the current cash rent tenancy for the 2022 crop year only.

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 PURCHASE AGREEMENT

CLICK HERE TO VIEW TAX INFORMATION

CLICK HERE TO VIEW FSA INFORMATION

CLICK HERE TO VIEW TITLE COMMITMENT


Jim and Donna Stewart
 

Representing Attorney:
Churchill & Churchill
1610 5th Ave, Moline, Illinois 61265  |  (309) 762-3643

Auction Manager:
Dale Jones (309) 299-6400

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• FSA information should indicate 79.49 cropland acres.
• Productivity Index (PI): 122.7
• Soil types include Lawson silt loam, Orion silt loam, Fayette silt loam, Hickory-Sylvan- Fayette complex and Marseilles-Hickory silt loams.
• The balance of the farm is wooded draws offering hunting and recreational opportunities.
• There is a former home site with a power meter, as well as other potential home sites.
• Copperas Creek crosses the southwest corner of the farm.
• Rockridge School District
• Road access along the west by 210 th St W (just a short distance off IL Rt. 92) and along the south by 148 th Ave. W.

The purchase agreement will be adjusted to a quantity of 103.33 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
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