Colusa, IL 62329 - Hancock County

Tuesday, January 30, 2024 - 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

LOCATION

Hancock County, Illinois

The land is located in Section 5, Rock Creek Township, T6N-R7W, Section 31, Pontoosuc - Dallas City Township, T7N-R7W and Section 13, Sonora Township, T6N-R8W, Hancock County, Illinois

Tracts 1, 2 & 3 are generally located approximately 3 1/2 miles west of Colusa, IL on E CO RD 2500 to N CO RD 1400, then south 1/2 mile.

Tract 4 is generally located approximately 4 miles west of Adrain, IL on E CO RD 2200 to E CO 1300 then south 1 mile to E CO RD 2100, then west 1/2 mile.

SELLER

TM Walker Properties LLC

MANAGED BY

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

280 acres (subject to survey) 4 tracts

Land represents highly productive Illinois farmland with CLASS A soils!

Be watching for directional and tract identification signs which have been placed!

All of the tracts have some field drain tile. For maps and additional information concerning the tile, contact Jim Sullivan (217) 440-8172.

TRACT INFORMATION

Tract 1 - 80 acres (subject to survey)

FSA figures should indicate 80.27 acres of cropland

Productivity Index: 145.5

Soil types include Muscatune & Sable

Access on the north by E CO RD 2400

Tract 2 - 80 acres (subject to survey)

FSA figures should indicate 80.36 acres of cropland

Productivity Index: 145.2 (on cropland acres)

Soil types include Muscatune

Access on the east by N CO RD 1400

Tract 3 - 80 acres (subject to survey)

FSA figures should indicate 79.3 acres of cropland

Productivity Index: 144.7 (on cropland acres)

Soil types include Muscatune & Sable

Access on the east by N CO RD 1400 and on the south by E CO RD 2400

Tract 4 - 40 acres (subject to survey)

FSA figures should indicate 38 acres of cropland

Productivity Index: 133 (on cropland acres)

Soil types include Ipava & Keller

Access on the south by E CO RD 2100

METHOD & TERMS

All 4 tracts will be sold on a price per acre basis, based on surveyed acres and 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.

The acreages in this advertisement are estimated and will change based on the results of a survey which is currently being completed. The surveyed acreages will be used to calculate the final contract price. The surveyed acreages and survey plat will posted online.

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 Friday, March 1, 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. Possession will be given at the time of 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.

TM Walker Properties LLC

Representing Attorney:

John N. Hauk | Hauk Owens

811 Maine St, Quincy, IL 62301 | (217) 214-2757

Auction Manager:

Jim Sullivan (217) 440-8172