Chester, IL 62233 - Randolph County

RANDOLPH COUNTY, IL LAND AUCTION - KLOTH

Tuesday, October 8, 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

Randolph County, Illinois

The farm is located approximately 7 miles north of Chester, IL or 3.5 miles south of Ellis Grove, IL, and is further described as being located in Section 27, T6S-R7W, Ellis Grove Township, Randolph County, Illinois.

SELLER

Roy D. Kloth

MANAGED BY

Kyle Markway (314) 359-8322

Rodney Borrowman (630) 247-0667

GENERAL INFORMATION

35.75 taxable acres 1 tract

The Roy D. Kloth farm real estate contains 35.75 taxable acres selling in one tract and is located in Randolph County, Illinois.

TRACT INFORMATION

FSA records indicate 35.21 acres of HEL cropland

Productivity Index (PI) : 106

Soil types include Homen, Bunkum-Coulterville and Ruma.

Nearly 100% tillable

Access along the north side from Shawneetown Tr (formerly Fort Kaskaskia Rd) and the west side from Perdy Rd.

REAL ESTATE TAX INFORMATION

Parcel # 11-031-017-00 - $531.12

METHOD & TERMS

The Roy D. Kloth 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 Tuesday, November 12, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes due in 2024 before closing. Seller is keeping all the 2024 income and will pay all of the 2024 real estate taxes due and payable in 2025 through a credit at closing. Possession will be given at the time of closing subject to the 2024 crop being harvested. Open lease for 2025 crop year and beyond.

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.

Roy D. Kloth

Closing & Title Work:

Randolph County Abstract Office | Gaynelle F. Tudor

627 State St, Chester, Illinois | (618) 826-2515

Auction Managers:

Kyle Markway (314) 359-8322

Rodney Borrowman (630) 247-0667