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Warren County, IL Land Auction - Tharp
Friday, November 18, 2022 | 10:00 AM Central
Auction closed.
Warren County, IL Land Auction - Tharp
Friday, November 18, 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.
The Tharp Farm is located 3 miles West of Roseville, IL on Route 116 to 30th Street then 2 miles North or 8 miles South of Monmouth on Route 67 to 100th Ave., 3.5 miles West to 30th Street, then one-half mile South.
236.09 surveyed acres located in Section 16, Ellison Township (T.9N.-R.3W.), Warren County, IL. The farm will be offered in 5 contiguous tracts by Bidder’s Choice and Privilege. Tracts 1, 2, 3 and 5 have frontage on 30th Street. Tracts 4 and 5 have frontage on 90th Ave.
PRIME FARMLAND!
SELLER: THADDEUS & HOLLY THARP
ATTORNEY: Marcum Spears | Spears & Spears Law Office
201 West Broadway | Monmouth IL 61462 | 309-734-5015
AUCTIONEERS: Van Adkisson (309)337-1761 & Jeff Gregory... Show more
The Tharp Farm is located 3 miles West of Roseville, IL on Route 116 to 30th Street then 2 miles North or 8 miles South of Monmouth on Route 67 to 100th Ave., 3.5 miles West to 30th Street, then one-half mile South.
236.09 surveyed acres located in Section 16, Ellison Township (T.9N.-R.3W.), Warren County, IL. The farm will be offered in 5 contiguous tracts by Bidder’s Choice and Privilege. Tracts 1, 2, 3 and 5 have frontage on 30th Street. Tracts 4 and 5 have frontage on 90th Ave.
PRIME FARMLAND!
SELLER: THADDEUS & HOLLY THARP
ATTORNEY: Marcum Spears | Spears & Spears Law Office
201 West Broadway | Monmouth IL 61462 | 309-734-5015
AUCTIONEERS: Van Adkisson (309)337-1761 & Jeff Gregory... Show more
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Terms of Sale
Lot # 0 (Sale Order: 1 of 6)
* This Lot is for informational purposes only *
SALE PROCEDURE: Tracts 1, 2, 3, 4 and 5 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 five tracts. In the event that less than all five tracts are selected in the first session, the remaining tract(s) will be offered by the same method until all five 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 January 5, 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: THADDEUS & HOLLY THARP
ATTORNEY: Marcum Spears | Spears & Spears Law Office
201 West Broadway | Monmouth IL 61462 | 309-734-5015
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 - 47.05 Surveyed Acres
Lot # 1 (Sale Order: 2 of 6)
Quantity: 47
100% tillable, Muscatune and Sable silt loam soils, 144.8 PI.
The purchase agreement will be adjusted to 47.05 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$20,200.00 x 47 = $949,400.00 Total
Tract 2 - 80.00 Surveyed Acres
Lot # 2 (Sale Order: 3 of 6)
Quantity: 80
100% tillable, Muscatune, Sable and Osco silt loam soils, 144.4 PI.
$18,600.00 x 80 = $1,488,000.00 Total
Tract 3 - 56.38 Surveyed Acres
Lot # 3 (Sale Order: 4 of 6)
Quantity: 56
100% tillable, Muscatune, Sable and Osco silt loam soils, 141.5 PI.
The purchase agreement will be adjusted to 56.38 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$17,800.00 x 56 = $996,800.00 Total
Tract 4 - 25.26 Surveyed Acres
Lot # 4 (Sale Order: 5 of 6)
Quantity: 25
23 acres +/- tillable, Osco silt loam soil, 133.4 PI, Morton 28'x64' open front building.
The purchase agreement will be adjusted to 25.26 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$10,100.00 x 25 = $252,500.00 Total
Tract 5 - 27.40 Surveyed Acres
Lot # 5 (Sale Order: 6 of 6)
Quantity: 27
22.64 acres +/- tillable, Osco, Muscatune and Assumption silt loam soils, 130 PI.
The purchase agreement will be adjusted to 27.40 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.
$10,100.00 x 27 = $272,700.00 Total
