Pontiac, IL 61764 - Livingston County

Tuesday, November 14, 2023 - 1:00 PM 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

Livingston County, Illinois

The Brophy and Stokes Farm is located 5 miles southwest of Pontiac, IL or 25 miles northeast of Bloomington, IL on historic Route 66. The farm is further described as being located in Section 18, T27N-R5E, Eppards Point Township, Livingston County, Illinois.

SELLER

Brophy & Stokes Farm

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

195.6 deeded acres 2 tracts

Farmers & investors dont miss this opportunity!

TRACT INFORMATION

Tract 1 119.6 deeded acres

FSA records indicate 119.89 NHEL cropland acres

Productivity Index (PI): 129.4

Soil types include Ashkum, Andres, and Chenoa

Access along the south side from E 1250N Rd

Tract 2 76.0 deeded acres

FSA records indicate 72.51 NHEL cropland acres

Productivity Index (PI): 130.6

Soil types include Selma, Andres, and Ashkum

Access along the south side from E 1200 N Rd and along the east side from Rt 66

REAL ESTATE TAX INFORMATION (BOTH TRACTS COMBINED)

PIN 21-21-18-100-004 - 195.59A - $7188.56

SOIL TEST RESULTS

Tract 1

pH - 6.3

P - 27#/A

K - 253#/A

Tract 2

pH - 6.5

P - 26#/A

K - 259#/A

YIELD HISTORY (BOTH TRACTS COMBINED)

Year Corn Beans

2022 244 61

2021 225 53

METHOD & TERMS

The Brophy and Stokes Farm will be sold on a price per acre basis, based on deeded acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all 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 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 January 12, 2024.

The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing.

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.

Brophy & Stokes Farm

Representing Attorney:

Heyl, Royster, Voelker & Allen, P.C. | Timothy W. Kirk, Shareholder

300 Hamilton Boulevard, Peoria, Illinois 61601 | (309) 677-9519

Auction Manager:

Kevin Haas (309) 264-7767