Gilson, IL 61436 - Knox County

Tuesday, February 13, 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

Knox County, Illinois

The Anderson farm is located north of Gilson, IL along the north side of Knox Rd. 1300 E and the west side of Knox Rd. 1300 N and is further described as being located in Section 7, T10N - R3E, Haw Creek Township, Knox County, Illinois.

SELLER

Harold Anderson

MANAGED BY

Isaac Taber (309) 335-8081

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

81.2 acres (subject to survey) 1 tract

The farm represents productive tillable farmland, hunting/recreational ground & potential building sites.

TRACT INFORMATION

81.2 acres (subject to survey)

FSA figures indicate 56.22 cropland acres

Productivity Index (PI): 128.5 (Class B)

Soil types include Osco and Rozetta

The non-cropland acres represent excellent wildlife habitat and hunting opportunities

Lots located within Gilson city limits represent potential building sites

Access is located on the south side along Knox Rd 1300 E & in the northeast corner along Knox Rd 1300 N

REAL ESTATE TAX INFORMATION

PIN 15-07-200-003 - $2,030.70

PIN 15-07-402-002 - $61.30

PIN 15-07-403-001 - $53.80

PIN 15-07-406-005 - $159.10

METHOD & TERMS

The Harold Anderson farm will be sold on a price per acre basis, based on surveyed 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 March 13, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 cash rent income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing, based on 2022 taxes. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 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, LLC pertaining to this property. Real estate is being sold AS IS

Harold Anderson

Representing Attorney:

James Blake | Blake Law Office

56 N. Prairie St. Galesburg IL 61401 | (309) 343-3155

Auction Managers:

Jim Sullivan (217) 440-8172

Isaac Taber (309) 335-8081