VIRTUAL ONLINE
ADAMS COUNTY, ILLINOIS LAND AUCTION FRIDAY, MAY 19, 2023 AT 10:00 AM CT 117.07 ACRES± • SELLING AS 2 TRACTS
KNOWN LOCALLY AS THE MARGHERITA SCHUTTE FARM MARY KAY HARBERTS, KAREN BORDEWICK, BEN HUMPHREY & ERIN HAUGH Representing Attorney’s: James A. Rapp and Jeffrey L. Terry | Schmiedeskamp Robertson Neu & Mitchell LLP | 525 Jersey St., Quincy, IL 62301 | (217) 223-3030
MICHAEL SULLIVAN (309) 333-0916
STEVE ZEIGER (573) 231-9802
DETAILS, MAPS, PHOTOS & BIDDING: WWW.SULLIVANAUCTIONEERS.COM
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
The Schutte farm is located in the southeastern part of Adams County, IL at the junction of Hwy 104 & E 2873rd Ln (Siloam Blacktop). The farm is further described as being located in Section 10, T3S - R5W, Beverly Township, Adams County, IL. The tracts represent a combination of tillable farmland, excellent recreational/hunting ground, potential building sites and is ideally located south of Siloam Springs State Park at the junction of 2 blacktops. Both tracts sell with full possession for the 2023 crop year. LOCATION & GENERAL INFORMATION
Tract 1 • 72.30 Acres± • FSA figures indicate 37.90 acres of cropland - 25.90 acres were previously enrolled in CRP but have recently been taken out and can now be farmed. • Productivity Index (PI): 100.7 (tillable acres) • The balance of the farm represents timber & draws which offer excellent hunting & recreational activities • Trail cam history, check website for photos • There is also a creek which runs through the property • Potential building sites with ABS rural water available • Access is along the south side by Hwy 104 & along the east side by E 2873rd Ln TRACT INFORMATION • 117.07 ACRES
Tract 2 • 44.77 Acres± • FSA figures indicate 38.40 acres of cropland - these acres were previously enrolled in CRP but have recently been taken out and can now be farmed. • Productivity Index (PI): 113.2 • The balance of the farm represents a timbered draw which would offer potential hunting & recreational activities • Potential building sites with ABS rural water available • Access is along the south side by Hwy 104 & along the west side by E 2873rd Ln
This farm offers excellent morel mushroom hunting!
METHOD & TERMS
Both tracts will be sold by the acre, based on the above stated acres, and offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. The tracts will not be offered together at the conclusion of the auction. Immediately following the auction, the successful buyer(s) 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 Monday, June 19, 2023. The seller will provide title insurance in the full amount of the purchase price. The sellers will pay the 2022 real estate taxes due & payable in 2023. The 2023 and subsequent real estate taxes will be the responsibility of the buyer(s). There are no farming or hunting leases associated with the farm. Possession will be given at closing. Early possession for farming rights is available upon down payment & proof of insurance. 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”.
ADDITIONAL INFORMATION, PHOTOS, SOIL MAPS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM
www.SullivanAuctioneers.com
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
117.07 ACRES SELLING IN 2 TRACTS
VIRTUAL ONLINE | ADAMS COUNTY, ILLINOIS LAND AUCTION FRI., MAY 19, 2023 AT 10:00 AM CT
KNOWN LOCALLY AS THE MARGHERITA SCHUTTE FARM
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 MARY KAY HARBERTS, KAREN BORDEWICK, BEN HUMPHREY & ERIN HAUGH
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