Mineral, IL 61344 - Bureau County

BUREAU COUNTY, IL LAND AUCTION - WINCH

Wednesday, October 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

Bureau County, Illinois

The Joyce Winch Trust farm is located approx. 7 miles North of Mineral, IL. Tracts 1-3 are located along 150 E St. Tracts 4 is located along County Rd. 2300 N. Tract 5 is located along N 2250th Ave. These tracts are further described as being located in Sections 4, 5 & 7 T17N-R6E, Gold Township, Bureau County, Illinois.

SELLER

Joyce Winch Trust

MANAGED BY

Isaac Taber (309) 335-8081

GENERAL INFORMATION

626.614 total acres 5 tracts

These tracts represent productive tillable farmland along with hunting/recreational ground.

TRACT INFORMATION

Tract 1 - 63.854 surveyed acres

FSA figures indicate 46.72 acres of NHEL cropland currently in row crop production

Productivity Index (PI): 125.1

Soil types include Cohoctah, Ambraw

Access is along 150 E St.

Tract 2 - 306.220 surveyed acres

FSA figures indicate 244.28 acres of NHEL cropland currently in row crop production

The balance of the farm represents timbered draws and grass areas with excellent potential for hunting and other recreational oppurtunites.

Productivity Index (PI): 120.6

Soil types include Cohoctah, Ambraw, Lamont

Access is along 150 E St.

Tract 3 - 76.58 surveyed acres

FSA figures indicate 25.32 acres of cropland currently in row crop production

The balance of the farm represents timber with excellent potential for hunting and other recreational oppurtunites.

Productivity Index (PI): 95.6

Soil types include Coloma, Waukegan, Tell

Access is along County Road 2400 N

Tract 4 - 156.06 taxable acres

FSA figures indicate 147.16 acres of NHEL cropland currently in row crop production

Productivity Index (PI): 117

Soil types include Ambraw, Fella, Joyce

Access is along County Road 2300 N

Tract 5 - 23.9 taxable acres

FSA figures 18.81 indicate acres of NHEL cropland currently in row crop production

The balance of the farm represents timber with excellent potential for hunting.

Productivity Index (PI): 103.1

Soil types include Orio, Coloma, Ambraw

Access is along N 2250th Ave

REAL ESTATE TAX INFORMATION

Note: Tracts 1-3 were combined parcels and will be re-parceled with the survey.

Tract 1 - Estimated - $2,298.74

Tract 2 - Estimated - $11,023.92

Tract 3 - Estimated - $2,756.88

Tract 4 - 07-07-200-004 - $2,789.52

07-07-200-002 - $2,779.34

Tract 5 - 07-07-300-014 - $490.10

METHOD & TERMS

All 5 tracts will sell on a per acre basis, based on taxable acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. Buyers Choice auctioning will continue until all 5 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 bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monday, December 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing subject to a farm lease for the 2024 crop year. Open lease for 2025 crop year and beyond.

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 made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Joyce Winch Trust

Representing Attorney:

Gary R. Gehlbach | Ehrmann Gehlbach Badger & Considine, LLC

114 E Everett St Ste. 300, Dixon, IL 61021 | (815) 288-4949

Auction Manager:

Isaac Taber (309) 335-8081