Warren County, IL Land Auction - Earp
Warren County, IL Land Auction - Earp
See Special Terms for additional fees
Description
PROPERTY LOCATION: The Earp property consists of 2 nice multi-use tracts located 5 miles northeast of Monmouth, IL or one-half mile east of Gerlaw to 100th Street then 1 mile south.
Plat Location: Sections 2 and 3, Monmouth Township (T.11N.-R.2W.), Warren County, Illinois.
Physical Address: 2350 100th Street, Monmouth, IL 61462
PASTURE – POTENTIAL CROPLAND - TIMBER – CREEK - HUNTING – RECREATION
SELLER: DOUGLAS EARP – PAULETTE EARP
ATTORNEY: Marcum Spears – Spears & Spears Law Office
201 W. 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
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Terms of Sale
Lot # 0 (Sale Order: 1 of 3)
SALE PROCEDURE: Tracts 1 and 2 will be offered by bidder's choice whereby the high bidder has the privilege of selecting either one or both tracts. In the event one tract is selected the remaining tract will then be 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 July 8, 2022. Buyers will receive full possession at the closing. Title insurance will be provided. The 2021 real estate taxes payable in 2022 will be paid by the sellers.
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: DOUGLAS EARP - PAULETTE EARP
ATTORNEY: Marcum Spears - Spears & Spears Law Office
201 W. 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.
Tract 1 - 33.91 Surveyed Acres
Lot # 1 (Sale Order: 2 of 3)
Quantity: 34
* Tract 1 has frontage along the west side of 100th Street.
* The parcel lies undulating to rolling.
* This Tract features grassland pasture, timber, seasonal stream, concrete feed floors and corral pads.
* There is an older well located near the entrance to the property that was last used approximately 5 years ago.
* Several acres of the pasture could be converted to cropland.
The purchase agreement will be adjusted to 33.91 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 43.48 Surveyed Acres
Lot # 2 (Sale Order: 3 of 3)
Quantity: 43
* Tract 2 is currently accessed from a grass lane located on the east side of 100th Street across from Tract 1. The lane is shown on the tract map as the north access. The sellers have maintained the lane and have used it by mutual agreement with the adjacent farm owners who own the lane. Continued use of the north lane by the buyer is probable but cannot be guaranteed by the sellers. The legal easement access for Tract 2 is shown on the tract map as the south access. The easement is identified on the survey as it runs through the existing Earp farmstead that it not being sold.
* This tract features grassland pasture, mature timber and Talbot Creek.
* Several acres of the pasture could be converted to cropland.
The purchase agreement will be adjusted to 43.48 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
