SOLD at AUCTION
T1: $14,100 per acre
T2: $12,100 per acre
Land Auction, December 9th
+/- 134.81 Surveyed Acres, offered in 2 Tracts
Part of the NW quarter of section 9, T14N – R14W, East Oakland TWP. Coles County, IL.
Auction Time & Date: 10 AM CST, December 9th
Auction Location:
Hindsboro Civic Center
403 Missouri St, Hindsboro, IL 61930
Tract Location:
Farm is located at King’s Crossing.
Half mile east of address: 26647, COUNTY ROAD 2050N, OAKLAND, IL
Highly productive, Coles County, IL Farm Ground.
Drummer, Brenton and Raub Soils
2022 open farm tenancy.
Final tract acreage determined by survey. See attached plat of survey.
Survey invoice of $4,200 to be split evenly between buyer and seller.
T1: +/- 76.08 Acres, 140.8 PI
Highly productive soils. Primarily all tillable land except for the county road ditch and corn crib area.
Corn bin +/- 6,200 bu
Bean bin +/- 2,800 bu
Rd frontage on North CR 2700E.
$1,148.09 fertilizer reimbursement payable to seller at closing. See attached soil test with applied product invoice.
T2: +/- 58.75 Acres, 138.7 PI
Primarily all tillable land except for the roadside ditches.
Rd frontage on East CR 2050N.
$849.00 fertilizer reimbursement payable to seller at closing. See attached soil test with applied product invoice.
Coles County IL. Assessor Parcel #: Assessor Parcel #s: 03-0-01136-000
2020 real estate tax payable 2021: $6,872.12
Contact Land Broker and Auctioneer, Travis Selby 217-304-1686 IL Lic.# 441001485
Managing Broker Stephanie Spiros 217.304.0404
Auction terms and conditions:
Procedure: Tracts will be offered individually and combined in combination.
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 42 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before January 20th, 2022.
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.
Survey: The cost of the survey will be split equally between buyer and seller.
The type of survey performed shall be at the sellers option and sufficient for providing title insurance.
Real Estate Taxes and Assessments: Seller will assume and pay all 2021 real estate property taxes payable in 2022.
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: Rosemary M McPhail and Andrew C Moore