Walnut, IL 61376 - Bureau County

Monday, November 13, 2023 - 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

Bureau County, Illinois

The Monson farm is located less than 1 mile north of Walnut, IL or 14 miles northwest of Princeton, IL. The farm is further described as being located in Section 4 & 9, T18N-R8E, Walnut Township, Bureau County, Illinois.

Property Address: 28992 Wyanet Walnut Rd, Walnut, IL 61376

SELLER

Julie Monson

MANAGED BY

Kevin Haas (309) 264-7767

OPEN HOUSE

Monday, October 30 4:00 PM - 5:00 PM

Saturday, November 4 10:00 AM -11:00 AM

GENERAL INFORMATION

100 acres 2 tracts

The farm represents tillable farmland and a country home, surrounded by a beautiful setting. Farmers, investors, rural homeowners, dont miss this opportunity.

TRACT INFORMATION

Tract 1 - 96.92 acres

FSA figures indicate 96.94 NHEL cropland acres

Productivity Index (PI): 125.1

Soil types include Sable, Wyanet, La Rose, Selma, Warsaw, Saybrook, Lisbon, Ambraw, Joyce, Elburn, and Rodman

Access along the west side from Wyanet-Walnut Rd (CR 1400E)

Tract 2 - 3.08 surveyed acres

Beautiful setting contains a 4 bedroom, 2 bath country home with many updates including:

Automatic 22kw standby generator

Central A/C

Electrical upgrade in house & garage (2020)

Underground electrical upgrade from pole to house and to garage (2020)

New plumbing (2020)

34 new windows (2019)

Complete kitchen remodel (2020)

Both baths remodeled (2020)

4 new garage doors (2020)

Buried electric dog fence covers 2 acres

New septic & leach field (2020)

OVER $125,000 IN IMPROVEMENTS OVER THE LAST 3 YEARS!

SOIL TEST RESULTS

pH - 6.23

P - 61 #/A

K - 273 #/A

REAL ESTATE TAX INFORMATION

Both tracts combined

PIN 03-04-300-002 - 80.0A - $5664.20

PIN 03-09-100-001 - 20.0A - $663.22

METHOD & TERMS

Tract 1 of the Monson farm will be sold on a price per acre basis, based on surveyed acres. Tract 2 will be sold for a lump sum total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 13, 2023.

The seller will provide title insurance in the full amount of the purchase price. 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.

Julie Monson

Representing Attorney:

James R. Angel | May, May, Angel & Harris

708 S. Pleasant Street, Princeton, IL 61356 | (815) 875-3808

Auction Manager:

Kevin Haas (309) 264-7767