Van Adkisson Auction Service Auction Catalog - Warren County, IL Land Auction - Carson-Smith Farm Online Auctions

Terms of Sale

Lot #0 (Sale Order 1 of 6)

* This Lot is for informational purposes only *

GENERAL LOCATION: The Carson-Smith Farm is generally located 5 miles NE of Monmouth just south of the small village of Gerlaw. The property features 304.72 surveyed acres located in the NE Quarter of Section 4, the SW Quarter of Section 3 of Monmouth Township (T.11N.-R.2W.) and in the SW Quarter of Section 34, Spring Grove Township (T.12N.-R.2W.), Warren County, IL.

SALE PROCEDURE: Tracts 1, 2, 3, 4 and 5 will be offered by Bidder's Choice and Privilege whereby the high bidder in the first auction session shall have the privilege to select any individual tract, any combination of tracts or all five tracts. In the event that less than all of the tracts are selected in the first session, the remaining tracts will be offered by the same method until all five tracts are sold.

TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before October 22, 2024. Buyers will receive possession for the 2025 crop year at the closing. Title insurance will be provided. The 2024 real estate taxes payable in 2025 will be paid by the seller. The farm is selling with no contingences. Bidders must have financing arrangements made prior to participating in the auction. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.

You must be a registered user to bid, either in-person or online. By bidding you are stating that you are ready and willing to purchase the tract for your bid amount. Bidders acknowledge that Van Adkisson Auction Service, LLC does not have any responsibility or liability for the website(s) used for Internet bidding. Despite best efforts to prevent technology failures, Buyer and Seller acknowledge that Van Adkisson Auction Service, LLC cannot guarantee the operation or performance of the Internet bidding site. There may be occasional interruptions and delays relating to the use of the Internet and the Website. Furthermore, Van Adkisson Auction Service, LLC shall not be held liable (for lost profits or special damages) or responsible for the function of the website or its inability to function. Bidders acknowledge that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Van Adkisson Auction Service, LLC. Van Adkisson Auction Service, LLC reserves the right to deny any person access to online bidding if unable to adequately verify the bidder. Winning bidders will be notified via phone or email immediately after the close of the auction to make arrangements for completing the purchase agreement and collection of earnest money.

SELLER: CARSON-SMITH FARM, LLC
Timothy S. Smith, Manager

ATTORNEY: John D. McMillan | McMillan, Hennenfent & DeJoode P.C.
402 E. Jackson St. | Macomb, IL 61455 | Ph. (309)837-2904

AUCTIONEERS: Jeff Gregory (309)337-5255 & Steve Gregory (309)297-0407

INTERNET BIDDING: Heather Gregory (309)337-2217

Click here to view the full listing on our website

TRACT 1 - 81.21 ACRES

Lot #1 (Sale Order 2 of 6)

Tract 1 has frontage on 90th St. and 245th Ave. in the North Half of the SW Quarter of Section 34, mostly all tillable, featuring prime Muscatune & Osco silt loam soils - 139 .4 PI.

Click here to view Tract 1 - Purchase Agreement

* The purchase agreement will be adjusted to 81.21 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$13,000.00 x 81 = $1,053,000.00 Total

TRACT 2 - 81.21 ACRES

Lot #2 (Sale Order 3 of 6)

Tract 2 has frontage on 90th St. and 240th Ave. in the South Half of SW Quarter of Section 34, There are presently approx. 56.47 tillable acres featuring highly productive Muscatune and Osco silt loam soils - 129.4 PI. The balance of the acreage consists of pasture and timber the includes several mature walnut trees. The majority of the pasture and timber could be cleared and converted to cropland should the new owner desire.

Click here to view Tract 2 - Purchase Agreement

* The purchase agreement will be adjusted to 81.21 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$8,600.00 x 81 = $696,600.00 Total

TRACT 3 - 61.92 ACRES

Lot #3 (Sale Order 4 of 6)

Tract 3 has frontage on 90th St., 235th Ave. and 240th Ave. in the East Half of the NE Quarter of Section 4. There are approx. 57.5 tillable acres featuring prime Muscatune and Osco silt loam soils - 141.7 PI.

Click here to view Tract 3 - Purchase Agreement

* The purchase agreement will be adjusted to 61.92 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$11,700.00 x 62 = $725,400.00 Total

TRACT 4 - 37.83 ACRES

Lot #4 (Sale Order 5 of 6)

Tract 4 has frontage on 235th Ave. in the West Half of the SW Quarter of Section 3. There are approx. 35 tillable acres featuring highly productive Muscatune and Osco silt loam soils - 139.4 PI.

Click here to view Tract 4 - Purchase Agreement

* The purchase agreement will be adjusted to 37.83 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$11,100.00 x 38 = $421,800.00 Total

TRACT 5 - 42.55 ACRES of Premier Timber and Hunting Land

Lot #5 (Sale Order 6 of 6)

Tract 5 is located adjacent south to Tract 4. Access is provided by a 30' lane surveyed along the west side of Tract 4 that is owned by Tract 5. The parcel is well known as an undisturbed habitat for deer, turkey and native wildlife. Talbott Creek runs through the SE corner of the tract.

Click here to view Tract 5 - Purchase Agreement

* The purchase agreement will be adjusted to 42.55 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$2,500.00 x 43 = $107,500.00 Total


Warren County, IL Land Auction - Carson-Smith Farm
Real Estate > Van Adkisson Auction Service > Warren County, IL Land Auction - Carson-Smith Farm
Warren County, IL Land Auction - Carson-Smith Farm
by Van Adkisson Auction Service Fri, Sep 20, 2024 10:00 AM Central The auction will be conducted both Live and Online. The live auction will be held at the Monmouth American Legion, 1110 North 11th St., Monmouth, IL 61462. Bidders are invited to join us at the auction venue or to participate remotely online from your home or office. No buyer’s premium will be charged. 304.72 ACRES – 5 TRACTS - WARREN COUNTY, ILLINOIS FEATURING PRODUCTIVE CLASS A CROPLAND - PREMIER TIMBER - HUNTING LAND SELLER: CARSON-SMITH FARM, LLC Timothy S. Smith, Manager ATTORNEY: John D. McMillan \| McMillan, Hennenfent & DeJoode P.C. 402 E. Jackson St. \| Macomb, IL 61455 \| Ph. (309)837-2904 AUCTIONEERS: Jeff Gregory (309)337-5255 \| Steve Gregory (309)297-0407 INTERNET BIDDING: Heather Gregory (309)337-2217 PLEASE TAKE NOTICE You are required to provide a bank reference before being accepted to participate in this auction online. Please have your lender e-mail this information to adkissonauction@gmail.com. Online bidders must be registered and approved by the auction firm no later than 1 p.m. on September 19, 2024.