Sutter, IL 62373 - Hancock County

Thursday, August 24, 2023 - 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

Hancock County, Illinois

SELLER

Clyde H. Hufendick Estate

Kevin Hufendick - Administrator

MANAGED BY

Michael Sullivan (309) 333-0916

OPEN HOUSE

Thursday, August 8 4:30 PM - 6:00 PM

LOCATION & GENERAL INFORMATION

The Hufendick farm is located a short distance south of Sutter, IL in southern Hancock County and is further described as being located in Section 8, T3N - R8W, Walker Township, Hancock County, IL. Tract 1 represents Class A farmland. Tract 2 represents productive farmland with a PI Rating over 130. Tract 3 represents a well-kept farmstead with a 2-story farm house, machine shed, grain bins & other outbuildings.

TRACT INFORMATION

Tract 1 102.80 Surveyed Acres

FSA figures indicate 103.21 acres of NHEL cropland currently in row crop production

Productivity Index (PI): 139.9 (Class A)

Soil types include Ipava & Buckhart

Tremendous investment quality tillable tract

Access is along the north side by E County Rd 450 & at the southwest corner by N County Rd 850 (blacktop)

Tract 2 56.01 Surveyed Acres

FSA figures indicate 40.14 acres of NHEL cropland currently in row crop production

Productivity Index (PI): 131.2 (Class B)

Soil types include Ipava, Muscatune & Keller

The non-cropland acres represent pasture & waterways

Access is along the west side by N County Rd 850 (blacktop) & along the north side by E County Rd 450

Tract 3 6.72 Surveyed Acres Country Home & Outbuildings

This acreage is improved with a 2-story country home which offers plenty of space & beautiful views.

The home has central air, gas forced heat & rural water

Additional improvements include grain bins, machine shed, barns & other outbuildings

This tract would make a great place to have livestock with over 6 acres & several outbuildings/ barns

Access is along the west side by N County Rd 850 (blacktop)

METHOD & TERMS

Tracts 1 & 2 will be sold on a per acre basis, based on the acreages obtained from a recent survey. Tract 3 will be sold for the total dollar amount or lump sum. Tracts 1 & 2 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. Tract 3 will be sold last. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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 Thursday, September 28, 2023. The seller will provide Title Insurance in the full amount of the purchase price and pay the 2023 real estate taxes. Buyer will be responsible for the 2024 and all subsequent RE taxes. Possession on tracts 1 & 2 will be given at the time of closing, subject to a farm lease for the 2023 crop year.

Possession on tract 3 will be given at the time of closing, subject to any remaining rights of the current farm tenant regarding the machine shed & grain bins.

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, LLC pertaining to this property. Real estate is being sold AS IS.

Clyde H. Hufendick Estate

Kevin Hufendick - Administrator

Representing Attorney:

Tyler Phillips | Rober Law

431 Hampshire St, Quincy, IL 62301 | (217) 209-0324

Auction Manager:

Michael Sullivan (309) 333-0916