Fulton County, IL Land Auction - Kellogg Trust
Thursday, June 17, 2021 | 10:00 AM Central
Auction closed.
Fulton County, IL Land Auction - Kellogg Trust
Thursday, June 17, 2021 | 10:00 AM Central
Auction closed.
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See Special Terms for additional fees
See Special Terms for additional fees
Description
Selling 138 Acres±
The Mary Louise Kellogg Trust Farm, known locally as the Fleming Farm, contains 137.75 taxable acres and will be sold in 1-tract. Land is located approximately 1 mile south of Ipava, IL. From the east edge of Ipava on Highway 136, take County Highway 2 south 1-1/2 miles to E. Quarter Road, then west 1/2 mile to the farm. (Ipava is located approximately 10 miles east of Lewistown or 20 miles west of Macomb, IL). The property is further described as being located in the East Half of the Northwest Quarter and the North Half of the Northeast Quarter, all in Section 18, T4N-R2E, Pleasant Township, Fulton County, IL. Farmers & investors, be sure to check out this nearly all tillable, NHEL high producing farm.
Auction Managers:
John Sullivan (309) 221-6700
Kyle Ferguson (309) 255-8353
The Mary Louise Kellogg Trust Farm, known locally as the Fleming Farm, contains 137.75 taxable acres and will be sold in 1-tract. Land is located approximately 1 mile south of Ipava, IL. From the east edge of Ipava on Highway 136, take County Highway 2 south 1-1/2 miles to E. Quarter Road, then west 1/2 mile to the farm. (Ipava is located approximately 10 miles east of Lewistown or 20 miles west of Macomb, IL). The property is further described as being located in the East Half of the Northwest Quarter and the North Half of the Northeast Quarter, all in Section 18, T4N-R2E, Pleasant Township, Fulton County, IL. Farmers & investors, be sure to check out this nearly all tillable, NHEL high producing farm.
Auction Managers:
John Sullivan (309) 221-6700
Kyle Ferguson (309) 255-8353
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Method and Terms
Lot # 0 (Sale Order: 1 of 2)
This lot is informational and may be used for test bidding - place your actual bids below on Lot #1.
The Kellogg farm will be sold by the acre on the basis of 137.75 taxable acres. Immediately following the auction, the successful buyer will be required to sign a real estate sale contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, which will be held in escrow until closing. The balance of the bid price will be due at the time of closing on or before Monday, July 19, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price and pay the 2020 real estate taxes due and payable in 2021. The buyer will pay the 2021 and all subsequent real estate taxes. The property sells subject to a 50/50 crop share tenancy for the 2021 growing season. The buyer will be responsible for paying the sellers half of the 2021 crop input costs and will receive half of the harvested crop. Possession will be given at the time of closing.
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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold "As Is".
CLICK HERE TO VIEW UPDATED CROP EXPENSES (approx. 61 acres of corn & 65 acres of soybeans)
CLICK HERE TO VIEW FEDERAL CROP INSURANCE INFORMATION (Provided by the Insurance Agent)
CLICK HERE TO VIEW FSA INFORMATION
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Mary Louise Kellogg Trust
KNOWN LOCALLY AS THE FLEMING FARM
Stephen W. Miller and Jane F. Miller Trustees - Sellers
Representing Attorney:
Stephen E. Holland
Holland & Holland
397 W. Main Street
Bushnell, IL 61422
(309) 772-3178
Auction Managers:
John Sullivan (309) 221-6700
Kyle Ferguson (309) 255-8353
Tract 1 - 137.75 Taxable Acres+/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 138
- 137.75 taxable acres
- 128.32 FSA cropland acres
- 125.77 row crop acres
- 2.55 CRP acres - annual payment of $998.00 which expires in 2027
- Soil Productivity Index (PI): 130.8 (tillable acres)
- Soil types include: Ipava, Rozetta, Clarksdale and Sable
- Improved with a small grain bin
- County Road E. Quarter Road borders the farm along the south side
- An overhead electric power line crosses the farm in the northeast corner
- The farm represents nearly all-tillable, NHEL high producing farmland
The purchase agreement will be adjusted to a quantity of 137.75 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
$10,500.00 x 138 = $1,449,000.00 Total
