Murrayville, IL 62668 - Morgan County

Thursday, December 21, 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

Morgan County, Illinois

The Rhodes Farm real estate is located approximately 1 1/2 miles southwest of Murrayville, IL, or 9 miles northeast of Roodhouse, IL, or 10 miles south of Jacksonville, Illinois. The property is further described as being in Sections 12 & 13, T13N-R11W, Murrayville No. 2 Township, Morgan County, Illinois.

SELLER

Sharon S. Rhodes Trust

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

John Sullivan (309) 221-6700

GENERAL INFORMATION

219.86 acres (subject to survey) 2 tracts

The real estate contains a total of 219.86 acres (subject to survey) and will be sold in 2 tracts. Tract 1 is a highly productive, all-tillable Class A soil farm, and Tract 2 is a combination farm with tillable and recreational acres. Farmers and investors, be sure to check out these investment quality Morgan County, IL farms.

TRACT INFORMATION

Tract 1 71.08 acres (subject to survey)

FSA figures should indicate 70.58 NHEL cropland acres

Productivity Index (PI): 141.1

Soil types include Ipava, Virden, and Osco

Nearly 100% tillable

Access along the west side from Carroll Rd

Tract 2 148.75 acres (subject to survey)

FSA figures should indicate 107.12 HEL cropland acres

Productivity Index (PI): 120.8 (tillable acres)

Soil types include Rozetta, Fayette, and Osco

The balance of the acres is wooded - offering outdoor recreational and hunting opportunities as well as potential home building sites.

Access along the west side from Carroll Rd, the south side from Andras Rd, and the east side from Murrayville Rd

METHOD & TERMS

The Rhodes Farm will be sold on a price per acre basis, based on surveyed acres.

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 Thursday, January 25, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024. Open lease for the 2024 crop year and beyond. Possession at closing subject to the remaining 2023 crop lease.

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.

Sharon S. Rhodes Trust

Representing Attorney:

Jenna Tucker | Rammelkamp Bradney, P.C.

232 West State Street, P.O. Box 550, Jacksonville, IL 62651 | (217) 245-6177

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

John Sullivan (309) 221-6700