WOODFORD COUNTY, ILLINOIS LAND AUCTION MONDAY, NOVEMBER 28, 2022 AT 1:00 PM CST
47.72 TAXABLE ACRES± • SELLING AS 2 TRACTS
FAULK & BOGAR FARM KEN FAULK, RANDY FAULK, JERRY FAULK & EILENE BOGAR Representing Attorney: James Stoller | Stoller Law Office 15 W Front Street, El Paso, IL 61738 (309) 527-4300
Auction Manager: Kevin Haas (309) 264-7767
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION The Faulk & Bogar farm is located approximately 6 miles north of El Paso, IL, or 23 miles north of Normal, IL. The land is further described as being located in Sections 7 & 17, T27N-R2E, Panola Township, Woodford County, IL. The property contains a total of 47.72 taxable acres and will be sold in 2 tracts. Both tracts represent highly productive tillable cropland with Class A soils. Farmers, investors and home builders, be sure to check out these ideally located Woodford County, IL properties. TRACT INFORMATION TRACT 1 - 31.02 TAXABLE ACRES • FSA maps indicate 29.89 NHEL cropland acres • Productivity Index (PI): 141.9 (Class A) • Soil types include Elpaso, Catlin, Flanagan and Graymont • Access along the north side from CR 1600N and along the east side from State Rt 251 TRACT 2 - 16.70 TAXABLE ACRES • FSA maps indicate 16.8 NHEL cropland acres • Productivity Index (PI): 139.5 (Class A) • Soil types include Elburn, Blackberry, Catlin, Jasper and Colo • Access along the north side from CR 1500N and along the west side from State Rt 251
METHOD & TERMS Both tracts will be sold on a price per acre basis, based on taxable acres. Both tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect 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 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 December 27, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy for 2022. The farm sells free & clear of crop tenancy for the 2023 crop year. 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”.
www.SullivanAuctioneers.com Auction to be conducted as a virtual, online auction. No Internet Buyer fees! If you need assistance with bidding, please contact our office at (844) 847-2161.
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
47.72 TAXABLE ACRES± SELLING IN 2 TRACTS
VIRTUAL ONLINE | WOODFORD COUNTY, ILLINOIS LAND AUCTION MONDAY, NOVEMBER 28, 2022 AT 1:00 PM CST
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 FAULK & BOGAR FARMPage 1 Page 2 Page 3 Page 4
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