Knox County, IL Land Auction - Rollins
Tuesday, August 17, 2021 | 10:00 AM Central
Auction closed.
Knox County, IL Land Auction - Rollins
Tuesday, August 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
160.0 Taxable Acres+/- • 1 Tract
The Rollins property contains 160 acres to be sold in 1-tract and is located approximately 5 miles south of Galva, IL, or 15 miles southwest of Kewanee, IL or 20 miles northeast of Galesburg, IL. The farm is further described as being located in the Northwest Quarter of Section 26, T13N-R4E, Lynn Township, Knox County, IL.
Auction Manager:
Kevin Haas (309) 264-7767
Luke Sullivan (309) 371-5214
The Rollins property contains 160 acres to be sold in 1-tract and is located approximately 5 miles south of Galva, IL, or 15 miles southwest of Kewanee, IL or 20 miles northeast of Galesburg, IL. The farm is further described as being located in the Northwest Quarter of Section 26, T13N-R4E, Lynn Township, Knox County, IL.
Auction Manager:
Kevin Haas (309) 264-7767
Luke Sullivan (309) 371-5214
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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 Rollins property will be sold in 1 tract by the acre on the basis of 160 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 Friday, October 15, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, or inspection. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 & 2021 real estate taxes will be paid by the sellers. The seller is retaining the 2021 crop. Possession will be given at the time of closing subject to the current 2021 crop tenancy.
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 WIND ENERGY EASEMENT AGREEMENT
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Nancy I. Rollins Estate
Roger Rollins Executor
Thomas L. Rollins Trust
Roger Rollins, Trustee
Representing Attorney:
Robert L. Potts
Whitney & Potts Ltd
118 W. Main Street
Elmwood, IL 61529
(309) 742-3611
Auction Manager:
Kevin Haas (309) 264-7767
Luke Sullivan (309) 371-5214
Tract 1 - 160.0 Taxable Acres+/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 160
- 160 taxable acres to be sold in 1-tract
- FSA records indicate 145.31 HEL cropland acres
- Balance of the acres is waterways and a pond
- Soil Productivity Index (PI): 122.5 (tillable acres)
- Significant amount of field drainage tile and conservation work has been completed
- Enrolled in the Orion Renewable Resources LLC wind energy project
- Public road access on the west (CR 2200 E) and the south (CR 2550 N) sides
- Farm is in an excellent state of fertility (contact auction rep for further details)
- Information from the most recent tax bill
- PIN 04-26-100-001
- 160.0 acres
- Total tax $5321.14
- November 2020 Soil test results
- pH 6.45
- P 61#/A
- K 381#/A
The purchase agreement will be adjusted to a quantity of 160.0 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
$7,500.00 x 160 = $1,200,000.00 Total
