This lot is informational and may be used for test bidding - place your actual bids below on Lot #1.

The Sedam farm will be sold by the acre on the basis of 120 deeded acres.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before October 15, 2021. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Possession at closing subject to the existing crop tenancy for the 2021 crop year only.

Bidding is NOT subject to the following contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".

Property Preview: Friday, September 3rd 10:00 A.M. - 4:00 P.M.


DRAINAGE TAXES
The 2021 Bay Island Drainage District Taxes are $30.00 Per Acre
(varies from year to year)
CLICK HERE TO VIEW 2021 DRAINAGE TAX INVOICE


CLICK HERE TO VIEW TAX INFORMATION

CLICK HERE TO VIEW FSA INFORMATION

CLICK HERE TO VIEW PURCHASE AGREEMENT & TITLE COMMITMENT


The Sedam Family
Chester Sedam, Clark Sedam, Lola Sedam, Joe Gluba, Sherry Lee Schroeder, Bonnie Balmer

Representing Attorney:
Karl A. Bredberg
2020 SE 3rd St.
Aledo, IL 61231
Phone: (309) 582-5327

Auction Manager: 
Dale Jones (309) 299-6400
 
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• 120+/- deeded acres
• FSA maps indicate 115.98 cropland acres
• Soil Productivity Index (PI): 122.2
• Predominate soils include Titus, Beaucoup
• Tile and other conservation measures installed
• High percentage tillable, productive farm
• Improvements: Morton machine shed, (2) grain bins, a nicely built 1-story home, an older 2-story farm home, other smaller outbuildings.
• Swan Lake Rd. borders the farm on the west side of the large field and on the east side of the smaller field.

The purchase agreement will be adjusted to a quantity of 120 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 

 
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