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Warren County, IL Land Auction-Hannah Grand Trust
Thursday, February 24, 2022 | 10:00 AM Central
Auction closed.
Warren County, IL Land Auction-Hannah Grand Trust
Thursday, February 24, 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 Monmouth American Legion, 1110 North 11th Street, Monmouth, IL 61462. 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.
PROPERTY LOCATION: The Grand Trust Farm is located 5 miles east of Monmouth, IL or 7 miles west of Galesburg, IL on Route 164 to 130th Street then 1 mile north. The property is on the southeast corner of the intersection of 130th St. and 230th Ave. and is described as the Northwest Quarter of Section 8, Coldbrook Township (T.11N.-R.1W.), Warren County, Illinois.
PRODUCTIVE CROPLAND - MATURE TIMBER - BUILDING SITES - EXCELLENT HUNTING!
SELLER: Hannah Jane Grand Trust – J. Lee Lucas, Trustee
ATTORNEY: George Hennenfent – McMillan, Hennenfent & DeJoode Law Firm
120 North Main St. – Roseville, IL 61473 – Ph. 309-426-2176
AUCTIONEERS: Van Adkisson (309)337-1761 & Jeff Gregory (309)337-5255
INTERNET BIDDING:... Show more
PROPERTY LOCATION: The Grand Trust Farm is located 5 miles east of Monmouth, IL or 7 miles west of Galesburg, IL on Route 164 to 130th Street then 1 mile north. The property is on the southeast corner of the intersection of 130th St. and 230th Ave. and is described as the Northwest Quarter of Section 8, Coldbrook Township (T.11N.-R.1W.), Warren County, Illinois.
PRODUCTIVE CROPLAND - MATURE TIMBER - BUILDING SITES - EXCELLENT HUNTING!
SELLER: Hannah Jane Grand Trust – J. Lee Lucas, Trustee
ATTORNEY: George Hennenfent – McMillan, Hennenfent & DeJoode Law Firm
120 North Main St. – Roseville, IL 61473 – Ph. 309-426-2176
AUCTIONEERS: Van Adkisson (309)337-1761 & Jeff Gregory (309)337-5255
INTERNET BIDDING:... Show more
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Terms of Sale
Lot # 0 (Sale Order: 1 of 3)
* This Lot is for informational purposes only *
SALE PROCEDURE: Tracts 1 and 2 are contiguous and 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. The tracts will not be offered in combination. Bidding will be by the acre with the total sale price calculated by multiplying the per acre bid price times the surveyed acreage.
TERMS OF SALE: Immediately following the auction, buyer(s) will be required to execute a purchase agreement and pay ten percent (10%) of the purchase price as a non-refundable down payment. The down payment will be held in escrow until the closing. The balance of the purchase price will be due at closing on or before March 24, 2022. Buyers will receive full possession for the 2022 crop year at the closing. Title insurance in the amount of the purchase price(s) will be provided by the seller. The 2021 real estate taxes payable in 2022 will be paid by the seller.
TAX INFORMATION: Parcel ID: 04-008-004-00. 2020 Real Estate Taxes Paid in 2021 - $5,107.92
Click here for the Purchase Agreement
Click here for the Title Insurance Commitment
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: Hannah Jane Grand Trust - J. Lee Lucas, Trustee
ATTORNEY: George Hennenfent - McMillan, Hennenfent & DeJoode Law Firm
120 North Main St. - Roseville, IL 61473 - Ph. 309-426-2176
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.
SALE PROCEDURE: Tracts 1 and 2 are contiguous and 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. The tracts will not be offered in combination. Bidding will be by the acre with the total sale price calculated by multiplying the per acre bid price times the surveyed acreage.
TERMS OF SALE: Immediately following the auction, buyer(s) will be required to execute a purchase agreement and pay ten percent (10%) of the purchase price as a non-refundable down payment. The down payment will be held in escrow until the closing. The balance of the purchase price will be due at closing on or before March 24, 2022. Buyers will receive full possession for the 2022 crop year at the closing. Title insurance in the amount of the purchase price(s) will be provided by the seller. The 2021 real estate taxes payable in 2022 will be paid by the seller.
TAX INFORMATION: Parcel ID: 04-008-004-00. 2020 Real Estate Taxes Paid in 2021 - $5,107.92
Click here for the Purchase Agreement
Click here for the Title Insurance Commitment
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: Hannah Jane Grand Trust - J. Lee Lucas, Trustee
ATTORNEY: George Hennenfent - McMillan, Hennenfent & DeJoode Law Firm
120 North Main St. - Roseville, IL 61473 - Ph. 309-426-2176
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 - 100.90 Surveyed Acres
Lot # 1 (Sale Order: 2 of 3)
* 89.86 +/- FSA cropland acres.
* Soil Types: Class A Muscatune, Osco and Sable silt loams.
* Productivity Index rating of 140.5 (cropland acres).
* The balance of the property includes grass waterways and 2 small timbered areas.
* Well-Located 1 mile North of Route 164.
* Excellent opportunity for farmers and investors interested in productive farmland!
The purchase agreement will be adjusted to 100.90 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 61.10 Surveyed Acres
Lot # 2 (Sale Order: 3 of 3)
Quantity: 61
* 23.48 +/- FSA cropland acres.
* Cropland Soil Types: Osco, Assumption and Muscatune silt loams.
* Productivity Index rating of 128.3 (cropland acres).
* The balance of the property includes timber with two clearings and a small creek.
* Potential home building sites close to Galesburg and Monmouth.
* Excellent hunting and recreation!
The purchase agreement will be adjusted to 61.10 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$5,850.00 x 61 = $356,850.00 Total
