Streator, IL 61364 - LaSalle County

LOCATION

LaSalle County, Illinois

175.55 Acres 4 Tracts

SELLER

Hombaker Family Partnership

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

Land is located in Sections 15 & 16, T31N R3E, Eagle Township, LaSalle County, IL.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 32-16-400-000 - 74.8 acres - $4065.70

PIN 32-16-404-000 - 25.0 acres - $1185.24

Tracts 2-4

PIN 32-15-109-000 - 8.26 acres - $339.32

PIN 32-15-200-000 - 67.49 acres - $2024.72

LOCATION & GENERAL INFORMATION

The Hombaker Family Partnership farm real estate is located approximately 2 miles northwest of Streator, IL. From the intersection of Highways 23 and 29 at the north edge of Streator, take Highway 29 west approximately 2 miles to the property. The land is further described as being in Sections 15 & 16, T31N-R3E, Eagle Township, LaSalle County, IL.

The property contains a total of 176 acres and will be sold in 4 tracts. The tracts represent highly productive, nearly all-tillable Class A farmland, wooded and grass land acres with outdoor recreational opportunities as well as potential home building sites.

TRACT INFORMATION

Tract 1 - 100 Acres (subject to survey)

FSA maps should indicate 95.68 cropland acres

Productivity Index (PI): 139.4 (Class A on the cropland acres)

Soil types include Drummer, Blackberry, Elburn and Proctor

Balance of the acres is a grass waterway and old building site

E 15th Road borders along the east side and N 15th Road along the south side

Tract 2 - 28 Acres (subject to survey)

FSA maps should indicate 13.46 cropland acres

Productivity Index (PI): 126.2 (on the cropland acres)

Soil types include Sunbury, Birckbeck, Sabina and Drummer

Balance of the acres is wooded and open pasture which offers home building sites and outdoor recreational opportunities

E 15th Road borders along the west side and N 1559th Road along the north side

Tract 3 - 6 Acres (subject to survey)

This tract is all woods with mature trees

Excellent outdoor recreational opportunities & home building sites

N 1559th Road runs along the north side

Tract 4 - 42 Acres (subject to survey)

FSA maps should indicate 38.02 cropland acres

Productivity Index (PI): 140 (Class A on the cropland acres)

Soil types include Lawson Silt Loam

Balance of the acres is located along the Vermilion River which offers outdoor recreational opportunities

N 1559th Road provides access from the west

METHOD AND TERMS

Each tract will be sold individually on a price per acre basis, based on the surveyed acres and offered through the marketing method of Buyers Choice whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. Buyers Choice auctioning will continue until all 4-tracts have been elected. 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 April 15, 2022. 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 will be given at the time of closing and the land sells free and clear of tenancy for the 2022 crop year.

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.

Hombaker Family Partnership

Representing Attorney:

John Balestri

Bernabei, Balestri & Fiocchi

149 Gooding Street

LaSalle, IL 61301

(815) 223-6600

Auction Manager:

Kevin Haas (309) 264-7767