Chatsworth, IL 60921 - Livingston County

LIVINGSTON COUNTY, IL LAND AUCTION - KOEHLER

Monday, November 18, 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

Livingston County, Illinois

The John G. Koehler Trust farm is located 3 miles northeast of Chatsworth, or 15 miles northwest of Gilman, IL. The land is further described as being located in Section 14, T27N-R8E, Charlotte Township, Livingston County, Illinois.

SELLER

John G. Koehler Trust

Citizens Bank of Chatsworth, Trustee

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

80 taxable acres 1 tract

Located close to several excellent grain market outlets with quality soils and excellent eye appeal.

TRACT INFORMATION

80.0 taxable acres

FSA records indicate 80.81 NHEL cropland acres

Productivity Index (PI): 128.7

Soil types include Milford and Martinton

100% tillable!

Access along the south side from 1200N Rd

YIELD HISTORY

Year - Corn Beans

2023 - 241

2022 - 68

2021 - 216

2020 - 164 (hail damage)

2019 - 201

REAL ESTATE TAX INFORMATION

PIN 24-24-14-300-003 - 80.0A - $3448.74

Includes $47.50 drainage taxes

METHOD & TERMS

The Koehler 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 Friday, December 20, 2024.

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

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.

John G. Koehler Trust

Citizens Bank of Chatsworth, Trustee

Representing Attorney:

Thomas E. Herr, Attorney at Law | Dunn Law Firm, LLP

1001 North Main St., Suite A, Bloomington, IL 61701 | (309) 828-6241

1040 W. Howard St., Pontiac, IL 61764 | (815) 844-7128

Auction Manager:

Kevin Haas (309) 264-7767