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Knox County, IL Land Auction - Bice
Friday, January 20, 2023 | 10:00 AM Central
Auction closed.
Knox County, IL Land Auction - Bice
Friday, January 20, 2023 | 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 Abingdon American Legion, 546 IL Route 41, Abingdon, IL 61410.
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.
294.55 SURVEYED ACRES – 4 TRACTS - KNOX COUNTY, ILLINOIS
The Bice Estate properties feature productive cropland, grassland, timber with mature hardwoods, premier hunting and recreation and attractive home building sites!
SELLER: EILEEN E. BICE ESTATE
Brenda Nickas, Executor
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
The live auction will be held at the Abingdon American Legion, 546 IL Route 41, Abingdon, IL 61410.
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.
294.55 SURVEYED ACRES – 4 TRACTS - KNOX COUNTY, ILLINOIS
The Bice Estate properties feature productive cropland, grassland, timber with mature hardwoods, premier hunting and recreation and attractive home building sites!
SELLER: EILEEN E. BICE ESTATE
Brenda Nickas, Executor
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
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Terms of Sale
Lot # 0 (Sale Order: 1 of 5)
* This Lot is for informational purposes only *
SALE PROCEDURE: Tract 1 will be sold individually. Tracts 2, 3 and 4 will be offered by Bidder's Choice and Privilege whereby the high bidder shall have the option to select any individual tract, any combination of tracts or all three tracts. In the event that less than all the tracts are selected the remaining tracts 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 on or before February 21, 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: EILEEN E. BICE ESTATE
Brenda Nickas, Executor
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 - 82.94 Surveyed Acres
Lot # 1 (Sale Order: 2 of 5)
Quantity: 83
Property Location - State: IllinoisProperty Location - County: Knox County
Tract 1 is located 5 miles south of Galesburg, IL on County Hwy. 25 near the entrance to Lake Bracken, in the South Half of the Southeast Quarter of Section 2, Cedar Township (T.10N.-R.1 E.), Knox County, IL.
PIN: 13-02-400-004.
Taxes: $3,946.48.
The property has frontage on Knox Roads 500E and Knox Hwy. 26.
The prime farm is 100% tillable, lies level to undulating and features highly productive Ipava, Osco, Clarksdale and Sable silt loam soils with a PI rating of 140.5.
Click here for Tract 1 Purchase Contract
Click here for Title Commitment
The purchase agreement will be adjusted to 82.94 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$14,400.00 x 83 = $1,195,200.00 Total
Tract 2 - 79.41 Surveyed Acres
Lot # 2 (Sale Order: 3 of 5)
Quantity: 79
Property Location - State: IllinoisProperty Location - County: Knox County
Tract 2 is located 5 miles south of Galesburg, IL on County Hwy. 25 near Lake Bracken, directly southeast of Tract 1, in the East Half of the Northeast Quarter of Section 11, Cedar Township, (T.10N.-R.1E.), Knox County, IL.
PIN: 13-11-200-014.
Taxes: $1,144.70.
The property has frontage on Knox Roads 500E and Knox Hwy. 26.
Tract 2 lies undulating to rolling and presently includes 39 acres +/- of cropland with a PI rating of 117.1. The balance of the acreage features mature timber adjacent to Lake Bracken.
Click here for Tract 2 Purchase Contract
Click here for Title Commitment
The purchase agreement will be adjusted to 79.41 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$6,250.00 x 79 = $493,750.00 Total
Tract 3 - 39.40 Surveyed Acres
Lot # 3 (Sale Order: 4 of 5)
Quantity: 39
Property Location - State: IllinoisProperty Location - County: Knox County
Tract 3 is located 3 miles south of Knoxville, IL on County Hwy. 8 to Knox Road 1000N then east 1/4 mile, in the Southeast Quarter of the Southwest Quarter of Section 9, Orange Township (T.10N.-R.2E.), Knox County, IL.
PIN: 14-09-300-002.
Taxes: $698.76.
The tract presently features 15.5 acres +/- of cropland with a PI rating of 121.4. The balance of the acreage includes mature timber, pasture, grassland, seasonal stream and a barn located in the NW corner of the parcel.
Click here for Tract 3 Purchase Contract
Click here for Title Commitment
The purchase agreement will be adjusted to 39.40 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$5,900.00 x 39 = $230,100.00 Total
Tract 4 - 92.80 Surveyed Acres
Lot # 4 (Sale Order: 5 of 5)
Quantity: 93
Property Location - State: IllinoisProperty Location - County: Knox County
Tract 4 is located 5 miles east of Abingdon, IL or 1/2 mile west of Delong on County Hwy. 5 to Road 700E, 1mile south to Road 600N then 1 mile west, in the Southwest Quarter of Section 31, Orange Township (T.10N.-R.2E.), Knox County, IL.
PIN: 14-31-300-001.
Taxes: $1,352.00.
The parcel presently includes 43.14 acres +/- of terraced cropland with a PI rating of 114.5. The balance of the tract features approx. 50 acres of mature timber and Brush Creek. The area is well known as an excellent habitat for deer, wild turkey and other wildlife.
Click here for Tract 4 Purchase Contract
Click here for Title Commitment
The purchase agreement will be adjusted to 92.80 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$5,850.00 x 93 = $544,050.00 Total
