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Henderson County, IL Land Auction - King
Wednesday, December 14, 2022 | 10:00 AM Central
Auction closed.
Henderson County, IL Land Auction - King
Wednesday, December 14, 2022 | 10:00 AM Central
Auction closed.
Internet Premium:
See Special Terms for additional fees
See Special Terms for additional fees
Description
The auction will be conducted both Live and Online. The live auction will be held at The Barn at Fairview Acres, 1632 State Hwy. 94, Biggsville, IL 61418. Bidders are invited to join us at the auction venue or to participate remotely online from your home or office. No buyer’s premium will be charged.
FARM LOCATION: The King Farm is generally located 8 miles Northwest of Little York, IL or 15 miles southwest of Aledo near the Mercer County line in Sections 5 and 8, Bald Bluff Township (T.12N.-R.4W.) Henderson County, IL. Property has frontage on Roads 2850N, 1650E and 2950N.
The tracts will be surveyed prior to the auction, are contiguous and feature highly productive Western Illinois farmland.
DRIVING DIRECTIONS: Travel 9 miles south of Aledo on Route 94/135 to 290th Ave., 2 miles west to the Warren-Henderson County line, ½ mile south to Road 2850 then 4.5 miles west or 3 miles north of Route 94 at the Bald Bluff Township Building on Road 1750N to Road 2850N then ½ mile west.
SELLER: THE KING FARM
Old National Bank, Successor... Show more
FARM LOCATION: The King Farm is generally located 8 miles Northwest of Little York, IL or 15 miles southwest of Aledo near the Mercer County line in Sections 5 and 8, Bald Bluff Township (T.12N.-R.4W.) Henderson County, IL. Property has frontage on Roads 2850N, 1650E and 2950N.
The tracts will be surveyed prior to the auction, are contiguous and feature highly productive Western Illinois farmland.
DRIVING DIRECTIONS: Travel 9 miles south of Aledo on Route 94/135 to 290th Ave., 2 miles west to the Warren-Henderson County line, ½ mile south to Road 2850 then 4.5 miles west or 3 miles north of Route 94 at the Bald Bluff Township Building on Road 1750N to Road 2850N then ½ mile west.
SELLER: THE KING FARM
Old National Bank, Successor... Show more
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Terms of Sale
Lot # 0 (Sale Order: 1 of 4)
* This Lot is for informational purposes only *
SALE PROCEDURE: Tracts 1, 2 and 3 will be offered by bidder's choice whereby the high bidder has the privilege of selecting any individual tract, any combination of tracts or all three tracts. In the event that less than all three tracts are selected in the first session, the remaining tract(s) will be offered by the same method until all three tracts are sold.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing on or before January 17, 2023. Buyers will receive full possession of all tracts at the closing. Title insurance will be provided. The 2022 real estate taxes payable in 2023 will be paid by the seller. The farm is selling with no contingencies. Bidders must have financing arrangements made prior to participating in the auction. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.
The property is selling under standard auction terms - As Is - without warranties or guarantees either expressed or implied. The sale is not subject to any contingencies. Bidders must have financing arrangements made prior to participating in the auction. Bidders are responsible for performing their own due diligence prior to participating the auction.
The information that is provided by the auction firm has been obtained from reliable sources and is believed to be correct. However, the sellers and the auction firm cannot guarantee the information. Any announcements made on the day of the auction will take precedence over any printed, electronic or oral representations made previously.
Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.
SELLER: THE KING FARM
Old National Bank, Successor Trustee - Trust No. 8178
Winship Farm Management | Harold Winship
250 East Main St. | Galesburg, IL 61401 | Ph. 309/335-6262
ATTORNEY: James D. Blake | Blake Law Office
56 North Prairie St. | Galesburg, IL 61401 | Ph. 309/343-3155
AUCTIONEERS: Van Adkisson (309)337-1761
Jeff Gregory (309)337-5255
INTERNET BIDDING: Heather Gregory (309)337-2217
Click here to view the full listing on our website.
Tract 1 - 76 Acres
Lot # 1 (Sale Order: 2 of 4)
Quantity: 76
- Located in the East Half of the Northwest Quarter of Section 8, Bald Bluff Township.
- 100% tillable - 141.9 PI - Predominant soil type is Littleton silt loam.
- Excellent frontage on Roads 2850N and 1650E.
The purchase agreement will be adjusted to 76.08 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$10,600.00 x 76 = $805,600.00 Total
Tract 2 - 81 Acres
Lot # 2 (Sale Order: 3 of 4)
Quantity: 81
- Located in the West Half of the Northeast Quarter of Section 8, Bald Bluff Township.
- 75 +/- tillable acres - 138.1 PI - Predominant soil types are Sawmill silty clay loam, Littleton silt loam and Proctor silt loam.
- Balance of the acreage includes a well-maintained drainage ditch and an older grain bin site.
- Excellent frontage on Roads 2850N and 1650E.
The purchase agreement will be adjusted to 81.80 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$9,550.00 x 81 = $773,550.00 Total
Tract 3 - 163 Acres
Lot # 3 (Sale Order: 4 of 4)
Quantity: 163
- Located in the Southeast Quarter of Section 5, Bald Bluff Township.
- 156 +/- tillable acres - 130.7 PI - Predominant soil types are Littleton silt loam, Cresent loam, Sawmill silt clay loam, Proctor silt loam and Sparta loamy sand.
- Balance of the acreage includes a well-maintained drainage ditch.
- Excellent road frontage on Roads 2950N and 1650E.
The purchase agreement will be adjusted to 163.13 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$10,600.00 x 163 = $1,727,800.00 Total
