Metamora, IL 61548 - Woodford County

WOODFORD COUNTY, IL LAND AUCTION - SCHAIDLE

Thursday, October 24, 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

Woodford County, Illinois

The Schaidle land is located just 2 miles north of Metamora, IL or 14 miles northeast of Peoria, IL. It is further described as being located in Section 6, T27N-R2W, Metamora Township, Woodford County, Illinois.

SELLER

Joseph R. Schaidle Estate

MANAGED BY

Kevin Haas (309) 264-7767

TRACT 3 OPEN HOUSE

Thursday, October 10, 2024 4:00 - 5:00 PM

Saturday, October 12, 2024 10:00 - 11:00 AM

GENERAL INFORMATION

51 acres (subject to survey) 3 tracts

Farmers, hunters, home builders & developers, the Schaidle property has something for everyone. Productive tillable farmland, mature timber and wooded draws contain many excellent building sites. Tract 3 is a well-located country home situated in a beautiful setting.

TRACT INFORMATION

Tract 1 21 acres (subject to survey)

FSA figures indicate 16.52 NHEL cropland acres

Productivity Index (PI): 113.3

Soil types include Keomah, Rozetta, and Senachwine

Balance of this tract is mature timber which provides excellent hunting and outdoor recreational opportunities

Several excellent building sites

Desirable Metamora School District

Access along the north side from Black Partridge Rd and along the west side from Coal Bank Rd

Tract 2 26 acres (subject to survey)

FSA figures indicate 9.38 NHEL cropland acres

Productivity Index (PI): 119.3

Soil types include Rozetta and Ross

Balance of this tract is mature timber which provides excellent hunting and outdoor recreational opportunities

Several excellent building sites

Desirable Metamora School District

Access along the east side from Coal Bank Rd

Tract 3 Established country home situated on 5.02 surveyed acres

3-bedroom, 1-bathroom country home in absolutely beautiful setting

Fireplace

Newer LP furnace with existing wood burning furnace

Automatic 14kw stand-by generator

Excellent well

3-car unattached garage (24 x 32) with concrete floor

30 x 50 pole building with partial concrete floor

Orchard with apple, pear and peach trees

Desirable Metamora School District

Access along the north side from Black Partridge Rd and along the west side from Coal Bank Rd

SOIL TEST RESULTS

Tract 1

PH - 6.3

P - 28#/A

K - 196#/A

Tract 2

PH - 5.9

P - 63#/A

K - 283#/A

REAL ESTATE TAX INFORMATION

All 3 tracts combined, including acres that are not involved in the auction.

PIN 09-06-100-015 - 56.17A - $1890.56

METHOD & TERMS

Tracts 1 and 2 of the Schaidle land will be sold on a price per acre basis, based on surveyed acres. Tracts 1 and 2 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either 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 both tracts have been elected. Then Tract 3 will be sold for a total lump sum dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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, November 27, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2024 income and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Possession at closing, subject to an existing lease for the 2024 crop year only. 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.

Joseph R. Schaidle Estate

Representing Attorney:

William R. Kelly

7817 Knoxville Ave, Peoria, IL 61614 | (309) 685-9001

Auction Manager:

Kevin Haas (309) 264-7767