Will County, IL Land Auction - Semankovich
Will County, IL Land Auction - Semankovich
See Special Terms for additional fees
Description
Will County, Illinois
The Joyce A. Semankovich farm is located 3 miles west of Peotone, IL or 18 miles north of Kankakee, IL. The real estate is further described as being located in Section 21, T33N-R12E, Peotone Township, Will County, Illinois.
The property contains a total of 158.95 acres, will be sold in 1 tract, and represents productive tillable farm ground. Farmers and investors, be sure to check out this Will County farm with open farming rights for the fast-approaching 2024 crop year.
Auction Managers:
Brandt Henness (309) 224-4276
Kevin Haas (309) 264-7767
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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 Joyce A. Semankovich farm will be sold on a price per acre basis, based on 158.95 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 Tuesday, April 30, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024. Buyer will be responsible for all the 2024 real estate taxes and beyond. Possession at the time of closing. Open lease for 2024 crop year and beyond.
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, a BigIron company, pertaining to this property. Real estate is being sold "AS IS".
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Joyce A. Semankovich Trust
Rebecca Wallenfelsz - Trustee
Representing Attorney:
Rebecca Wallenfelsz | Chapman and Cutler, LLP
320 South Canal Street, 27th Floor, Chicago, IL 60606 | (312) 845-3442
Auction Managers:
Brandt Henness (309) 224-4276
Kevin Haas (309) 264-7767
Tract 1 - 158.95 taxable acres+/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 159
- FSA figures indicate 155.3 NHEL cropland acres
- Productivity Index (PI): 125.4
- Soil types include Elliott, Ashkum, Harpster, Houghton and Peotone
- Access along the south side from W Wilmington Rd and east side from S Center Rd
The purchase agreement will be adjusted to a quantity of 158.95 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
