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Tract 1 - 48.01 surveyed acres{"message":"In _app.tsx child of Layout","renderCount":1}
Tazewell County Farmland, Tract 1
Lot Closed
Auction by Kelso Rhoades Real Estate Auction Group
This item is in Delavan, IL
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Method & TermsOverview of Tazewell County Farmland, Tract 1
Item Details
TAZEWELL COUNTY, ILLINOIS FARMLAND AUCTION
“The Mary Ryan D’Arcy Farm”
LIVE & ONLINE BIDDING AVAILABLE
200 +/- Acres | Sold in 2 tracts (Subject to final survey, which will be completed no later than January 12, 2021)
WWW.KELSORHOADES.COM
WWW.PROXIBID.COM/KELSORHOADES
Auction Date/Time: Thursday, December 17, 2020 @ 10:30 a.m.
Auction Venue: Farmhouse Event Center | 120 E. 5th Street | Delavan, IL
Property Location/Information: The Mary Ryan D’Arcy farm is located on the North side of Ryan Road, approximately 1.25 miles Southeast of Delavan. The farm features blacktop access along the entire South edge of the farm, quality Class A tillable soils, and a former homestead with older farm building.
The FSA reports 191.80 +/- tillable acres, 3.8 +/- acres of which was previously enrolled in the CRP program. This has recently been terminated and will be the responsibility of the new owner to re-enroll the acreage, should they choose to, or return it to row crop production.
This 200-acre farm will be surveyed and offered for sale at public auction in (2) 100 +/- acre tracts.
Tazewell County Parcel # 21-21-14-400-001
Annual Property Taxes (Based on 2019 figures): $9,515.00
Tract 1 of the “Mary Ryan D’Arcy Farm”
-Westernmost tract
-Access from the South, on Ryan Road
-100 +/- Acres (Subject to final survey, which will be completed no later than January 12, 2021)
-Approximately 94.64 +/- tillable acres, with the remaining acreage consisting of waterways, and a small creek with surrounding timber that meanders through the NW portion of the farm. The former homesite sits on the Southern portion of Tract 1, and consists of an older machine shed, with electricity available.
-Substantial tile work, completed within the past 10-15 years.
-Predominant Soils: Ipava Silt Loam, Sable Silty Clay Loam, Osco Silt Loam & Sawmill Silty Clay Loam
-Productivity Index: 141.9
Terms of Sale:
The Mary Ryan D’Arcy farm will be sold in two tracts, using the "buyer's choice" method of sale. The highest bidder will be given the opportunity to select one or both tracts for purchase. Should they only select one tract, an additional round of bidding will take place for the remaining tract.
The sale of these properties is being made with no financing, appraisal, or inspection contingencies, and are being sold “as-is”, with no warranties or guarantees. The successful bidder(s) will be required to execute a real estate sales contract immediately following the sale. A non-refundable deposit, equal to 10% of the purchase price, will be collected from the successful bidder(s) at the time of signing this contract.
Both tracts are being sold with full tenancy and farming rights for the 2021 farming season.
Closing will take place on, or before, January 19, 2021. The seller will pay for all title search fees and at closing will issue a Commitment for Title Insurance to the buyer, in the amount of the purchase price, ensuring to the buyer that the property is being sold clear of any defects or liens. The seller will also pay for preparation and transfer of the deed, transfer taxes, one-half of the actual closing fee, and at closing will credit the buyer for the entirety of the 2020 real estate taxes, payable in 2021. The buyer(s) will be responsible for the entirety of the 2021 property taxes that are due and payable in 2022.
All announcements made on the day of the sale will take precedence over anything previously printed. The seller reserves the right to reject any and all bids. All maps and measurements are based on information readily available from the Tazewell County Assessor's Office and the Tazewell County FSA Office. All boundary lines and acreage reports are considered to be approximate and are subject to the final survey, which will be completed prior to the sale date. Buyers should do their due diligence prior to bidding.
Payment
Payment will be required to be made with certified funds or bank wire transfer.
CheckMoney OrderWire TransferCash
Auction Details
Tazewell County Land Auction120 E. 5th Street, Delavan, IL, 61734Thursday, Dec 17, 2020 | 10:30 AM CST
Auction House
Terms Of Sale
DISCLAIMER: Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property conveyed with real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.
BUYER'S PREMIUM: There will be no internet buyer's premium charged on this sale.
CONTINGENCIES: This sale is not contingent on Purchasers ability to obtain financing, or subject to any home, radon, lead-based paint, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing.
This property will be surveyed prior to the sale. The purchase price will be determined by multiplying the price per acre times the surveyed acreage amount.
Equal Opportunity Clause: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.
Debt Collection and Interest Charge: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in Fulton County, Illinois.
Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.
Terms for Online Bidding: The online registration will need to be completed. The successful bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than December 18, 2020. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of 10% of the sales price will be collected in the form of certified funds or bank wire, made payable to Rhoades Real Estate & Land Auction Services, Inc. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than January 19, 2021. If you have any questions, please call our office at 309-647-8811.
AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DOB Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.