Wyanet, IL 61379 - Bureau County

Friday, April 21, 2023 - 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

HOW TO PARTICIPATE IN A VIRTUAL ONLINE AUCTION

LOCATION

Bureau County, Illinois

The Snyder farm is located approximately 2 miles west of Wyanet, IL, or 5 miles west of Princeton, IL, or 20 miles northeast of Kewanee, IL. The property is further described as being located in Section 19, T16NR8E, Wyanet Township, Bureau County, Illinois.

SELLER

Snyder Farm

MANAGED BY

Dale Jones (309) 299-6400

GENERAL INFORMATION

The farm contains a total of 90.458 surveyed acres, will be sold in 1 tract and represents productive, tillable farmland with a small wooded and grassland area suitable for recreational purposes.

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

TRACT INFORMATION

FSA map should indicate approximately 86 HEL cropland acres (split fields) which includes the following:

5.5 CRP acres with an annual payment of $1,467 expiring 9-30-2025

Soil Productivity Index (PI): 118.1

Soil types include LaRose, Drummer, Lisbon, Wyanet, Sable and Rodman

The farm represents productive, tillable farm land and a small wooded area suitable for recreational activities and hunting including whitetail deer and wild turkey.

Access on the west side from 1200 East St.

METHOD & TERMS

The real estate will be sold on a price per acre basis, based on the 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 due at closing which will take place on or before May 22nd, 2023. Seller will pay the 2022 real estate taxes, due and payable in 2023. The buyer will be responsible for the 2023 and all subsequent taxes. Title insurance in the full amount of the purchase price will be provided by the seller. Possession will be given at the time of closing. Full possession will be given at the time of closing, but immediate access will be granted for field work and spring planting subject to earnest money clearing and proof of liability insurance.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on 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.