Morrisonville, IL 62546 - Montgomery County

MONTGOMERY COUNTY, IL LAND AUCTION - SBT & BALLARD

Thursday, October 10, 2024 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Montgomery County, Illinois

The SBT Family Farm, LLC and Shelley Ballard real estate are located approximately 6 miles west of Morrisonville, IL or 6 miles north of Raymond, IL or 6.5 miles southeast of Farmersville, IL. The land is further described as being located in Section 7, T11N-R4W, Harvel Township, Montgomery County, Illinois.

SELLER

SBT Family Farm, LLC Tract 1

Shelley Ballard Tract 2

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

125.82 taxable acres 2 tracts

These tracts are nearly 100% tillable! Farmers and investors, be sure to check out these investment-quality farms.

TRACT INFORMATION

Tract 1 - 71.91 taxable acres

FSA records indicate 71.41 NHEL cropland acres

Productivity Index (PI): 131.9

Soil types include Herrick, Virden and Cowden

Access along the east side from Black Diamond Trail

Tract 2 - 53.91 taxable acres

FSA records indicate 53.47 NHEL cropland acres

Productivity Index (PI): 134 (Class A)

Soil types include Virden, Herrick and Harrison

Access from a 30 farm use easement from Black Diamond Trail

REAL ESTATE TAX INFORMATION

Tract 1

PIN 04-07-400-005 - 53.91A - $2,429.74

PIN 04-07-400-003 - 18A - $867.84

Tract 2

04-07-300-009 - $2,534.12

METHOD & TERMS

The SBT Family Farm, LLC and Shelley Ballard real estate will be sold on a price per acre basis, based on taxable acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either Tract 1 or Tract 2 for their high bid. If the high bidder does not elect both tracts, the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 Tuesday, November 19, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes due in 2024 before closing. The seller is keeping all the 2024 cash rent income and will pay all of the 2024 real estate taxes due and payable in 2025 through a credit at closing. Possession at closing, subject to an existing lease for the 2024 crop year. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

SBT Family Farm, LLC Tract 1

Shelley Ballard Tract 2

Representing Attorney:

Silver Lake Group, LTD | Nicole E. Mollet-Marti

122 S. Second, Greenville, IL 62246 | (618) 664-4100

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645