Knox County, IL Land Auction - Budd Trust

Knox County, IL Land Auction - Budd Trust

Friday, November 3, 2023  |  10:00 AM Central
Auction closed.
Knox County, IL Land Auction - Budd Trust

Knox County, IL Land Auction - Budd Trust

Friday, November 3, 2023  |  10:00 AM Central
Auction closed.
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Description

The auction will be conducted both Live and Online.

The live auction will be held at the Knox Agri Center, 180 S. Soangetaha Road, Galesburg, IL 61401.

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.


300 ACRES (M/L) - 5 TRACTS - KNOX COUNTY, ILLINOIS

The Budd Trust properties feature productive cropland, grassland, mature timber, premier hunting, excellent recreation and attractive home building sites!


The tracts are located along Route 150, 6 miles north of Galesburg in Sections 33 and 34 of Rio Township (T.13N.-R.1 E.) and in Section 3 of Henderson Township (T.12N.-R.1E.), Knox County, IL.

The real estate consists of 300 acres (m/l), subject to final survey, that will be offered in 5 tracts by bidder’s choice and privilege. Properties have frontage along Route 150, Knox Road 2500N and the Henderson Trail.



SELLER: JOHN GARY BUDD TRUST
Midwest Bank, Trustee | Adam Carlson, Trust...
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Terms of Sale

Lot # 0 (Sale Order: 1 of 6)      

* This Lot is for informational purposes only *

The Budd Trust properties feature productive cropland, grassland, mature timber, premier hunting, excellent recreation and attractive home building sites!

The tracts are located along Route 150, 6 miles north of Galesburg in Sections 33 and 34 of Rio Township (T.13N.-R.1 E.) and in Section 3 of Henderson Township (T.12N.-R.1E.), Knox County, IL. Properties have frontage along Route 150, Knox Road 2500N and the Henderson Trail.

The real estate consists of 299.97 surveyed acres, that will be offered in 5 tracts by bidder's choice and privilege. The purchase agreements will be adjusted to the final surveyed acres, which will be available on sale day.

SALE PROCEDURE: Tracts 1, 2, 3, 4 and 5 will be offered by Bidder's Choice and Privilege whereby the high bidder in the first auction session shall have the privilege to select any individual tract, any combination of tracts or all five tracts. In the event that less than all of the tracts are selected in the first session, the remaining tracts will be offered by the same method until all five tracts are sold.
 

Click here to view the Aerial Tour

Click here to view CRP Contract - 2.72 acres
Click here to view CRP Contract - 6.92 acres
Click here to view FSA 156 Farm Record - 9806
Click here to view FSA 156 Farm Record - 9807


TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before December 8, 2023. Buyers will receive possession at the closing. Title insurance will be provided. The 2023 real estate taxes payable in 2024 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.

 

SELLER: JOHN GARY BUDD TRUST
Midwest Bank, Trustee | Adam Carlson, Trust Officer
200 East Broadway, Monmouth, IL 61462 | Ph. 309/457-6272



ATTORNEY: Marcum A. Spears | Spears & Spears Law Office
201 West Broadway| Monmouth, IL 61462 | Ph. 309/734-5105


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.


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

You've been outbid  to YOU!

This lot was not sold.

Placing your bid. please wait...

Reserve Not Met

Tract 1 - 57.15 Acres (M/L)

Lot # 1 (Sale Order: 2 of 6)      

Quantity: 57



Tract 1 is located on the west side of Route 150 in the SW Quarter of Section 33, Rio Township, Knox County, IL. The parcel lies level to undulating and presently consists of 45.75 FSA acres of cropland and 2.72 acres in CRP.

Primary soil types of the cropland include Lawson, Rozetta, Littleton and Hickory silt loams with a PI rating of 133.4. Henderson Creek runs along the south border of the property.

* The purchase agreement will be adjusted to 57.15 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,300.00
$5,300.00 x 57 = $302,100.00
Total Bid: USD 302,100.00

You've been outbid  to m****2! to YOU!

Placing your bid. please wait...

$5,300.00 x 57 = $302,100.00 Total

Tract 2 - 74.74 Acres (M/L)

Lot # 2 (Sale Order: 3 of 6)      

Quantity: 75



Tract 2 has frontage along the west side of Route 150 and on Knox Road 2500N and is located in the East Half of the NE Quarter of Section 33, Rio Township, Knox County, IL.

The parcel lies undulating to gently rolling and presently consists of 46.98 FSA cropland acres. Primary soil types of the cropland are Rozetta, Ipava, Clarksdale and Osco silt loams with a PI rating of 121.6. The balance of the acreage features mature timber.

* The purchase agreement will be adjusted to 74.74 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,300.00
$5,300.00 x 75 = $397,500.00
Total Bid: USD 397,500.00

You've been outbid  to m****2! to YOU!

Placing your bid. please wait...

$5,300.00 x 75 = $397,500.00 Total

Tract 3 - 45.04 Acres (M/L)

Lot # 3 (Sale Order: 4 of 6)      

Quantity: 45



Tract 3 has frontage along east side of Route 150, on Knox Road 2500N and on the Henderson Trail. The property is located in the West Half of the NW Quarter of Section 34, Rio Township, Knox County, IL.  

The parcel lies undulating to rolling and presently consists of 25.88 FSA acres of cropland and 4.63 acres in CRP. Primary soil types of the cropland are Rozetta, Hickory and Greenbush silt loams with a PI rating of 107.1. The balance of the acreage features timber and grassland.

* The purchase agreement will be adjusted to 45.04 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,300.00
$5,300.00 x 45 = $238,500.00
Total Bid: USD 238,500.00

You've been outbid  to m****2! to YOU!

Placing your bid. please wait...

$5,300.00 x 45 = $238,500.00 Total

Tract 4 - 91.91 Acres (M/L)

Lot # 4 (Sale Order: 5 of 6)      

Quantity: 92

 

* Please Notice - recently the configuration has changed and the acreage reduced on Tract 4 *

Click here to view the updated Tract Map

Click here to view the Survey


Tract 4 is directly south of Tract 3 with frontage on the east side of Route 150 and on the Henderson Trail. The property is located in the SE Quarter of Section 34, Rio Township, Knox County, IL.

The parcel lies undulating to rolling and presently consists of 38.36 cropland acres and 2.29 acres in CRP. Primary soil types of the cropland are Radford, Rozetta and Hickory silt loams with a PI rating of 114.9. The balance of the acreage includes Henderson Creek, timber, pasture and grassland.

* The purchase agreement will be adjusted to 91.91 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,425.00
$5,425.00 x 92 = $499,100.00
Total Bid: USD 499,100.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

$5,425.00 x 92 = $499,100.00 Total

Tract 5 - 31.13 Acres (M/L)

Lot # 5 (Sale Order: 6 of 6)      

Quantity: 31

 

Tract 5 is directly south of Tract 4 with frontage on the Henderson Trail. The property is located in North Half of the NW Quarter of Section 3, Henderson Township, Knox County, IL.

The parcel lies undulating to rolling and presently consists of 18.76 FSA cropland acres. Primary soil type of the cropland is Rozetta silt loam with a PI rating of 117.9 The balance of the tract features pasture and timber.

* The purchase agreement will be adjusted to 31.13 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

 


...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 5,300.00
$5,300.00 x 31 = $164,300.00
Total Bid: USD 164,300.00

You've been outbid  to m****2! to YOU!

Placing your bid. please wait...

$5,300.00 x 31 = $164,300.00 Total
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1.178.0.632.a001926.11.66