LOCATION & GENERAL INFORMATION
The Ackerman Trust real estate is located approximately 2 miles northeast of Mt. Sterling, IL (35 miles northwest of Jacksonville, IL, 40 miles east of Quincy, IL, or 60 miles northwest of Springfield, IL). The property is further described as being in part of Sections 34 and 35, T1N-R3W, Missouri Township, and Sections 2, 3 & 4, T1S-R3W, Mt. Sterling Township, Brown County, Illinois. The land contains 482 acres (subject to survey) and will be sold in 6 tracts. Several of the tracts are wooded with mature timber and offer outstanding hunting and outdoor recreational opportunities (Tract 3 also has a 3-bedroom/2-bath cabin). Tract 4 is mostly tillable cropland, and Tract 6 is improved with a ranch style home with acreage. Farmers, investors, outdoor enthusiasts and country home buyers, be sure to check out these investment quality properties.
MT. STERLING
METHOD & TERMS
Tracts 1 - 5 of the Ackerman Trust real estate will be sold on a price per acre basis, based on surveyed acres, and offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any or all of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. Following the sale of tracts 1-5, tract 6 will then sell for a lump sum or 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 June 20, 2025 for Tracts 1 - 5. Closing date on Tract 6 will be on or before June 30, 2025. The seller will provide title insurance in the full amount of the purchase price. The seller will pay all the 2024 real estate taxes due in 2025. The 2025 real estate taxes will be prorated to the closing date on all tracts except Tract 4 which the buyer will pay. Possession at closing subject to a crop share lease for the 2025 crop year only (contact auction manager for details). There are no hunting leases in place. 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 pertaining to this property. Real estate is being sold “AS IS”.
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