Douglas County, IL Land Auction - Krone
Friday, September 10, 2021 | 1:00 PM Central
Auction closed.
Douglas County, IL Land Auction - Krone
Friday, September 10, 2021 | 1:00 PM Central
Auction closed.
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See Special Terms for additional fees
See Special Terms for additional fees
Description
80 ACRES+/- • 1 TRACT
The Krone farm is located approximately 1 mile west of Arcola, IL. From Arcola, take Highway 133 west approximately 1 ½ miles to N County Road 700E, then south a short distance to the farm. The property is further described as being located in the South Half of the Northeast Quarter of Section 6, T14N-R8E, Arcola Township, Douglas County, IL. Arcola is located approximately 35 miles south of Champaign or 40 miles east of Decatur, IL.
MANAGED BY
Kevin Haas (309) 264-7767
Dan Sullivan (319) 795-1833
The Krone farm is located approximately 1 mile west of Arcola, IL. From Arcola, take Highway 133 west approximately 1 ½ miles to N County Road 700E, then south a short distance to the farm. The property is further described as being located in the South Half of the Northeast Quarter of Section 6, T14N-R8E, Arcola Township, Douglas County, IL. Arcola is located approximately 35 miles south of Champaign or 40 miles east of Decatur, IL.
MANAGED BY
Kevin Haas (309) 264-7767
Dan Sullivan (319) 795-1833
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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 Krone farm will be sold by the acre on the basis of 80 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. The seller will provide title insurance in the full amount of the purchase price. The seller will pay the 2021 real estate taxes due and payable in 2022. The property sells subject to the current crop year tenancy but free and clear of tenancy for the 2022 crop year. The buyer, after closing, may enter the farm for the purpose of tillage. Possession will be given at the time of closing subject to the current crop tenancy for 2021.
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 FSA INFORMATION
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
DAVID A. KRONE
Representing Attorney:
Robert Kosic
Law Office of Kosic and Stout
130 N Locust St.
PO Box 112
Arcola, IL 61910
217-268-3609
Auction Managers:
Kevin Haas (309) 264-7767
Dan Sullivan (319) 795-1833
Tract 1 - 80 Taxable Acres+/-
Lot # 1 (Sale Order: 2 of 2)
Quantity: 80
- 80 taxable acres
- FSA information indicates 81.08 cropland acres
- Soil Productivity Index (PI): 139.9 (Class A)
- Soil types include: Drummer, Elburn and Flanagan
- North County Road 700E borders the farm along the east side
- Farmers and investors, be sure to check out this 100% tillable, Class A soil farm
YIELD HISTORY
- 2014: CORN - 266, SOYBEANS - 73
- 2015: CORN - 209, SOYBEANS - 75
- 2016: CORN - 236, SOYBEANS - 72
- 2017: CORN - 231, SOYBEANS - 71
- 2018: CORN - 246, SOYBEANS - 85
- 2019: CORN - 216, SOYBEANS - 74
- 2020: SOYBEANS - 71
- AVERAGE: CORN - 234, SOYBEANS - 74.4
MOST RECENT TAX BILL INFORMATION
PIN 01-14-06-200-002
$4180.04
80.0 acres
$4180.04
80.0 acres
The purchase agreement will be adjusted to a quantity of 80 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
$17,000.00 x 80 = $1,360,000.00 Total
