Sandwich, IL 60545 - LaSalle County

Thursday, February 29, 2024 - 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

LaSalle County, Illinois

The land is located 6 miles south of Sandwich, IL or 17 miles northwest of Morris, IL. The land is further described as being located in Sections 26, 27, 34 & 35, T36N-R5E, Northville Township, LaSalle County, Illinois.

SELLER

Locally known as the Stauber Farm

Trust Number 1-1858

Chicago Title Land Trust Company - Trustee

MANAGED BY

Kevin Haas (309) 264-7767

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

255.4 taxable acres 1 tract

This farm has something for everyone - productive tillable farmland, mature timber, and Fox River frontage. Farmers, investors, home builders, hunters, and outdoor enthusiasts, take advantage of this opportunity!

TRACT INFORMATION

255.4 taxable acres

FSA figures should indicate 156.01 cropland acres

Productivity Index (PI): 122.9

Soil types include Blackberry, Batavia, Camden, Kidami, Mayville, Thorp, Millington, Harvard, Virgil, Rush, and Casco-Rodman

The balance of the farm is mature timber and brushy draws, which provides excellent hunting and outdoor recreational opportunities

Over half of a mile of Fox River frontage, includes a 27-acre island in the middle of the Fox River

Opportunity for waterfowl hunting

Many excellent building sites

Improvements include an older 2 story farmhouse in need of major repair, grain bin, large rustic barn, and several other outbuildings

Access along the north side from N4351st Rd

METHOD & TERMS

The farm will be sold on a price per acre basis, based on taxable 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 Wednesday, April 3, 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, through a credit at closing. Buyer will be responsible for all the 2024 real estate taxes and beyond. Possession at closing. Open lease for 2024 crop year and beyond. This auction is subject to court approval.

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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMATION

PIN 05-26-300-000 - 13.97A - $611.28

PIN 05-26-301-000 - 48.45A - $1883.16

PIN 05-27-401-000 - 25.65A - $939.04

PIN 05-34-201-000 - 51.69A - $655.30

PIN 05-35-101-000 - 31.64A - $3806.36

PIN 05-35-102-000 - 27.0A - $136.54

PIN 05-35-104-000 - 57.0A - $760.94

Locally known as the Stauber Farm

Trust Number 1-1858

Chicago Title Land Trust Company - Trustee

Representing Attorney:

John A. Lipinsky, Partner | Clingen Callow & McLean LLC

2300 Cabot Drive, Suite 500, Lisle IL 60532 | (630) 588-2094

Auction Managers:

Kevin Haas (309) 264-7767

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645