TRACT INFORMATION
TRACT 1 - 78.7 ACRES • FSA records should indicate 75.6 acres of cropland • Productivity Index (PI): 145.4 • Soil types include Muscatine, Sable & Osco • Improvements include a country home, (3) 12,000 bu grain bins, (1) 5,000 bu grain bin, (1) 40’ x 72’ machine shed and (1) 28‘ x 42’ open front shed • Access on the south by State Hwy 164 and on the east by 2100 E TRACT 2 - 78.64 ACRES • FSA records should indicate 78.5 acres of cropland • Productivity Index (PI): 141 • Soil types include Muscatune, Osco & Sable • Access on the east by 2100 E
TRACT 3 - 80.6 ACRES • FSA records should indicate 80 acres of cropland • Productivity Index (PI): 135.9 • Soil types include Osco, Muscatune, Fayette & Sawmill • Access on the east by 2100 E
TRACT 4 - 20.28 ACRES • FSA records should indicate 18.22 acres of cropland
• Productivity Index (PI): 115 • Soil types include Rozetta • Access on the north by State Hwy 164
METHOD & TERMS
All 4 tracts will be sold on a price per acre basis, and offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts 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. 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 20, 2024. The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Possession will be given at the time of closing subject to a farmlease for the 2024 crop year. Land sells free and clear for 2025 farming rights. 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.
ADDITIONAL INFORMATION, SOIL MAPS, PHOTOS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
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