Online bidding registration must be complete 24hrs prior to the live event.
Property Description
FARMLAND AUCTION
+/- 60 Acres, Class A Soils
Sargent Twp. Douglas County, IL.
Auction Time & Date:
Thursday, 10:00 AM, December 4th.
Auction Location:
Newman Community Center
207 S Coffin St, Newman, IL 61942
Farm is located 3 miles south of Newman, IL at the intersection of North County Road 2560E and County Road 625N.
Address for driving directions to the farm: 600 County Road 2560, Newman, IL 61942.
+/- 60 Acres located in the north half, of the northeast quarter, of section 20, T15N-R14W,
Sargent Twp. Douglas County, IL.
A part of assessor PINs:
08-12-20-200-010; 08-12-20-200-009; 08-12-20-200-008.
Estimated real estate tax: $2,647.80 = $44.13 per acre.
Final legal description to be determined by survey.
Class A Soils, 140.4 PI.
Half Mile Rows.
Open farm tenancy for 2026.
Online and In Person Public Auction.
Land Broker and Auctioneer, Travis Selby
IL AUCTION Lic.# 441001485
217-304-1686
Online and In Person Public Auction.
Online bidding registration must be completed 24 hrs prior to the live event.
Online bidding opens Monday, December 1st, 8 AM.
All bidding ends Thursday December 4th at the end of the live event.
Online bidding registration must be completed 24 hrs prior to the live event
Auction Terms and Conditions:
Procedure: The property will be offered as 1 tract. The auction will be conducted publicly with online bidding available for pre-registered online bidders.
The bidding shall remain open until the auctioneer announces the bidding is closed.
SALE IS SUBJECT TO SELLERS COMFIRMATION.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 43 days after the day of the auction, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before Thursday, January 15th, 2026.
Possession: Possession will be given at closing. Open farm tenancy for 2026 crop year.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Buyer shall receive a tax credit from seller at closing for the 2025 real estate tax due and payable in 2026 in the amount of: $2,647.80.
The buyer shall be responsible for paying 100% of the 2025 real estate tax when due.
Survey: Property is currently being surveyed. A new plat of survey will be available day of the auction.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Donna Hageman, and Don Hageman
