TRACT INFORMATION
TRACT 1 • 47 ACRES± (Subject to survey) • FSA figures should indicate approximately 33.79 cropland acres with approximately 1.8 of those acres currently in CRP at a payment rate of $105.70/acre through September 30, 2022 • Land represents productive cropland currently in hay production • Soil types: Leonard, Armstrong, Vesser • Access from the east by Hwy 63 TRACT 2 • 10 ACRES± (Subject to survey) • FSA figures should indicate approximately 10 cropland acres currently in CRP at a payment rate of $105.70/acre through September 30, 2022 • Land represents productive cropland currently in CRP and offers excellent development potential along Hwy 63
TRACT 4 • 70 ACRES± (Subject to survey) • FSA figures should indicate approximately 67.8 cropland acres of which approximately 58.6 are enrolled in CRP at a rate of $111.10/ acre through September 30, 2023 • Land represents productive tillable cropland and CRP income • Soil types: Armstrong, Gara, Vesser, Adco • Access from the north by Hwy E TRACT 5 • 53 ACRES± (Subject to survey) • FSA figures should indicate approximately 52.18 cropland acres of which approximately 32.6 are enrolled in CRP at a rate of $105.70/ acre through September 30, 2022 and approximately 13.6 are enrolled in CRP at rate of $111.10/acre through September 30, 2023 • Land represents productive tillable cropland and CRP income • Soil types: Armstrong, Adco, Gara, Vesser, Leonard • Access from the west by Hwy 63 TRACT 6 • 22 ACRES± (Subject to survey) • Land represents grasslands and an approximately 9.6 acre lake • Tract includes a very well-maintained 1,818 sq ft home built in 1960 with basement and attached garage, as well as a 3240 sq ft utility shed, 3600 sq ft barn, 2048 sq ft barn, 1500 sq ft shed, & 1368 sq ft shed, as well as several grain bins • Soil types: Armstrong, Adco, Leonard, Vesser, Gara • Access from the west by Hwy 63
• Soil types: Armstrong, Vesser • Access from the east by Hwy 63 TRACT 3 • 27 ACRES± (Subject to survey)
• FSA figures should indicate approximately 26.8 cropland acres currently in CRP at a payment rate of $111.10/acre through September 30, 2023 • Land represents productive cropland currently in CRP and offers prime building sites or development opportunity along Hwy 63 • Soil types: Adco, Leonard, Armstrong • Access from north by Hwy E
METHOD AND TERMS Acreages in this advertisement are estimated. A survey will be completed prior to the sale and all tracts will be sold on a price per acre basis, based on the acreages obtained from the completed survey. Tracts 1-5 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all of tracts 1-5 for their high bid. “Buyers Choice” auctioning will continue until all 5 tracts have been elected. Tract 6 will then be sold for a lump sum total dollar amount. The tracts will not be offered in their entirety at the conclusion of the auction. Bidding is NOT subject to financing, appraisal or inspection. Immediately following the auction, the winning bidder(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, payable to Pickell Abstract Company, which shall hold the money in escrow until closing. The balance of the purchase price will be due at closing. Closing for tracts 1-5 will take place on or before July 26, 2022 at Pickell Abstract Company. Closing for tract 6 (house tract) will take place on or before August 25, 2022 at Pickell Abstract Company. Possession will be given at the time of closing. Farm will sell free & clear for the 2022 crop year subject to the current CRP contracts. Please Note: Buyer(s) will receive the entire 2022 CRP payment. The 2022 real estate taxes will be prorated as of the closing date and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Closing costs will be split between the buyer & seller. All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer 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”.
Auction to be conducted as a virtual, online auction. No internet buyer fees! No on-site bidding permitted. If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.
www.SullivanAuctioneers.com
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