Adams County, IL Land Auction
Adams County, IL Land Auction
See Special Terms for additional fees
Description
The farm will be sold in 4 individual tracts, all of which are currently being surveyed. These 4 individual tracts are all nearly 100% tillable and contain productive soils including Timewell, Ipava and Virden. All tracts have impressive Crop Productivity Index’s (PI’s) and Tract 3 is pattern tiled. All 4 tracts sell subject to a one year cash rent agreement with a local operator. Contact auction company for details.
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Method and Terms
Lot # 0 (Sale Order: 1 of 5)
METHOD & TERMS
The Barfield Family Farm will be sold in 4 individual tracts, all of which have been recently surveyed. All 4 tracts will sell on a price per acre basis, with the surveyed acres being used to calculate the individual contract prices. All 4 tracts will be offered through the marketing method of "buyer's choice", whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all 4 tracts, "buyer's choice" will continue until all tracts have been elected. After all 4 tracts have been sold, we will NOT offer the farm in any type of combinations. Each sale will be final.
Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. Ten (10%) percent of the bid price to be due on the day of sale with the balance due at closing in approximately 30 days, on or before Monday, June 29, 2020. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, which are due and payable in 2020, will be paid by the seller as the seller received the 2019 crop income. The 2020 real estate taxes, due in 2021 will also be paid by the seller. Possession will be given at the time of closing subject only to a one year cash rent farm tenancy agreement with a long time operator. The 2020 cash rent will be split equally between the seller and the buyer(s).
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 4 PURCHASE AGREEMENT
Representing Attorney:
John B. Leonard
132 E Main St, Mt Sterling, IL 62353
Phone: (217) 773-3814
Tract 1 - 22.55 Surveyed Acres
Lot # 1 (Sale Order: 2 of 5)
Tract 1 - 22.55 Surveyed Acres
- FSA figures should indicate approximately 21 acres+/- currently in row crop production.
- Crop Productivity Index (PI) is 138.6 on the tillable acres.
- Timewell/Ipava soils. (99%)
- The balance acres represent waterways.
- Access is by Cty. Rd. 1950N along the entire north side.
The purchase agreement will be adjusted to a quantity of 22.5 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 27.58 Surveyed Acres
Lot # 2 (Sale Order: 3 of 5)
Tract 2 - 27.58 Surveyed Acres
- FSA figures should indicate approximately 26 acres+/- currently in row crop production.
- Crop Productivity Index (PI) is 136.9 on the tillable acres.
- Timewell/Ipava & Virden soils. (95+%)
- The balance acres represent waterways.
- Access is by Cty. Rd. 1950N along the entire north side.
The purchase agreement will be adjusted to a quantity of 27.58 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 105.45 Surveyed Acres
Lot # 3 (Sale Order: 4 of 5)
Tract 3 - 105.45 Surveyed Acres
- FSA figures should indicate approximately 97 acres+/- currently in row crop production.
- Crop Productivity Index (PI) is 136.5 on the tillable acres.
- Timewell/Ipava & Virden soils. (97+%)
- The balance acres represent waterways.
- Tile map located in the photos section
- Access is by Cty. Rd. 1950N along the entire north side, Cty. Rd. 2700E along the entire east side and by Hwy. 24 along the entire south side.
The purchase agreement will be adjusted to a quantity of 105.45 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 25.71 Surveyed Acres
Lot # 4 (Sale Order: 5 of 5)
Tract 4 - 25.71 Surveyed Acres
- FSA figures should indicate approximately 20 acres+/- currently in row crop production.
- Crop Productivity Index (PI) is 136.8 on the tillable acres.
- Timewell/Ipava & Virden soils. (96+%)
- The balance acres represent waterways and a small area of timber near the Northwest Corner.
- Access by Hwy. 24 along the entire south side.
The purchase agreement will be adjusted to a quantity of 25.71 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
