Minonk, IL 61760 - Marshall County

Monday, January 22, 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

Marshall County, Illinois

The Simpson farm is located 8 miles northwest of Minonk, IL or 34 miles north/northwest of Bloomington, IL. The land is further described as being located in Section 26, T29N-R1W, Bell Plain Township, Marshall County, Illinois.

SELLER

Jane Simpson - Seller

Locally known as the Lasswell Farm

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

83 acres (subject to survey) 1 tract

Farmers, take advantage of this opportunity to purchase a well-located farm with the opportunity to rent the adjoining 125 acres!

TRACT INFORMATION

83 acres (subject to survey)

FSA records should indicate 82.1 NHEL cropland acres (estimated)

Productivity Index (PI): 132

Soil types include Graymont and Flanagan

Buyer has the opportunity to rent the adjoining 125 acres from the seller

Access along the west side from N Pattonsburg Rd

Note: This FSA information includes acres that are not involved in this auction.

REAL ESTATE TAX INFORMATION

Note: This tax information covers acres that are not included in the auction.

PIN 13-26-200-003 - 50.0A - $2385.64 (all)

PIN 13-26-100-008 - 27.6A - $1206.22 (portion)

PIN 13-26-400-001 - 70.0A - $3338.62 (portion)

METHOD & TERMS

The Simpson farm is currently being surveyed and will be sold on a price per acre basis, based on survey results.

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, February 23, 2024.

The seller will provide title insurance in the full amount of the purchase price. Buyer will receive a credit at closing for the 2023 taxes due and payable in 2024. Buyer will pay the 2024 taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing.

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.

Jane Simpson - Seller

Locally known as the Lasswell Farm

Representing Attorney:

Michael L. Neff | Fort & Neff

108 S Broadway St. Stronghurst, IL 61480 | (309)924-1211

Auction Manager:

Kevin Haas (309) 264-7767