New Boston, IL 61272 - Mercer County

Tuesday, February 28, 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

HOW TO PARTICIPATE IN A VIRTUAL ONLINE AUCTION

LOCATION

Mercer County, Illinois

The Lambert Family farm is located approximately 13 miles northeast of New Boston, IL, or 14 miles southeast of Muscatine, Ia, or 30 miles southwest of Rock Island, IL, near the community of Eliza, IL. The property is located in Sections 10 & 15 of Eliza East Township, in Mercer County, IL.

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SELLER

Lambert Family Farm, LLC

Frank Lambert, Tom Lambert & Suzanne Yeast

MANAGED BY

Dale Jones (309) 299-6400

GENERAL INFORMATION

The Lambert farm contains a total of 230.89 surveyed acres, will be sold in 3 tracts, and represents productive tillable cropland with recreational areas and attractive home building sites. Parts of the Lambert farm have been in the Lambert family for over 175 years! This is a fantastic opportunity to bid on and own a diverse property loaded with potential!

TRACT INFORMATION

Tract 1 - 60.23 Surveyed Acres

FSA map should indicate 50.34 cropland acres which includes the following:

21.12 NHEL cropland acres

27.74 HEL cropland acres

1.48 CRP acres with an annual payment of $270 expiring 9-30-2031

Productivity Index (PI): 112.3

Soil types include Stronghurst, Rozetta and Hickory-Sylvan

Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites

Access along the west side by 75th St.

Tract 2 - 67.33 Surveyed Acres

FSA map should indicate approximately 37.35 cropland acres which include the following:

36.68 NHEL cropland acres

.67 CRP acres with an annual payment of $151.50 expiring 9-30-2031

Productivity Index (PI): 112.5

Soil types include Rozetta, Stronghurst, Fayette and Hickory-Sylvan

Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites

Access along the east side by 80th St.

Tract 3 - 103.33 Surveyed Acres

FSA map indicates approximately 82.1 cropland acres which includes the following:

80.58 NHEL cropland acres

1.52 CRP acres with an annual payment of $343.69 expiring 9-30-2031

Productivity Index (PI): 118.9

Soil types include Stronghurst, Rozetta, Seaton, Hickory-Sylvan and Seaton-Timula

Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites

Access along the east side by 80th St.

METHOD & TERMS

All 3 tracts will be surveyed. Tracts 1 3 will sell by the acre, based on the surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all 3 tracts for their high bid. Buyers Choice auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the purchase price as a non-refundable down payment. The balance of the purchase price will be due at the time of closing which will take place on or before March 28, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at the time of closing subject to the 2023 farm tenancy. Call the auction manager for details.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 pertaining to the property. The real estate and improvements are being sold As Is.

CLICK HERE TO VIEW CONSERVATION RESERVE PROGRAM CONTRACT

PLAT MAP

CLICK HERE TO VIEW FSA INFORMATION

CLICK HERE TO VIEW SURVEY

AERIAL MAP

SOIL MAP

TRACT 1

TRACT 2

TRACT 3

SUBJECT PHOTOS

Lambert Family Farm, LLC

Frank Lambert, Tom Lambert & Suzanne Yeast

Representing Attorney:

Reynolds M. Everett, Jr. | Barash & Everett Attorneys LLC

110 N. Exchange St. Galva, IL. 61434 | (309) 932-2001

Auction Manager:

Dale Jones (309) 299-6400