FULTON COUNTY, ILLINOIS LAND AUCTION THURSDAY, JUNE 30, 2022 AT 2:00 PM CDT VIRTUAL ONLINE 199.01 TAXABLE ACRES • SELLING AS 3 TRACTS
Oscar Walters Estate Elizabeth Kay McElfresh, Adam Michael Danner & Thomas Oscar Graff
Representing Attorney: John McMillan McMillan, Hennenfent & DeJoode PC 402 East Jackson, Macomb, Illinois, 61455
Auction Manager: Michael Sullivan DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
SUBJECT
LOCATION & GENERAL INFORMATION The Walters farm is located approx. 4 miles north of Table Grove, IL along Hwy 34 and is further described as being located in Sections 5 & 8, T5N – R1E, Farmers Township, Fulton County, IL. Tracts 1 & 2 represent productive, tillable farmland. Tract 3 represents tillable farmland, a pond & a cabin.
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TRACT INFORMATION Tract 1 - 96.77 Taxable Acres • FSA figures indicate 77.60 acres of NHEL cropland currently in row crop production • Productivity Index (PI) Rating: 124.2 • Productive soil types include Greenbush, Rozetta, Clarksdale, Ipava & Keomah • Balance is in waterways & a small amount of timber draws • Access is along the south side by County Hwy 34 & along the east side by Shinn School Lane Tract 2 - 41.11 Taxable Acres • FSA figures should indicate approx. 40 acres of NHEL cropland currently in row crop production • Productivity Index (PI) Rating: 136.9 (Class A) • Productive Soil types include Sable, Ipava, Rozetta, Clarksdale & Denny • Access is along the west side by Shinn School Lane Tract 3 - 61.13 Taxable Acres • FSA figures should indicate approx. 48.3 acres of NHEL cropland currently in row crop production • Productivity Index (PI) Rating: 116.2 • Soil types include Rozetta, Navlys, Keomah, Clarksdale & Ipava • The balance of the farm represents areas of grass/hay, waterways & a small amount of timber • This tract is also improved with a pond and an older cabin in need of repairs. This little area sits in the NW corner of the tract and has several mature oak trees surrounding the area that has a nice, park-like setting. • Access is at the southwest corner by Shinn School Lane
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METHOD & TERMS The tracts will be sold on a price per acre basis, based on taxable acres. There will not be a survey conducted. All 3 tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, and there are tract(s) remaining, then the remaining tract(s) will be offered. This will continue until all of the 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 Monday, August 1, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only. The new buyer(s) will receive the 2nd & 3rd installments of the cash rent for the 2022 crop year. Contact auction company for details regarding the cash rent agreement. Bidding is NOT subject to the following 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”.
SOILS - TRACT 1
124.2
SOILS - TRACT 2
136.9
SOILS - TRACT 3
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.
ONLINE BIDDING POWERED BY:
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FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
199.01 ACRES TAXABLE ACRES SELLING IN 3 TRACTS
VIRTUAL ONLINE | FULTON COUNTY, ILLINOIS LAND AUCTION THURSDAY, JUNE 30, 2022 AT 2:00 PM CDT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 Oscar Walters Estate Elizabeth Kay McElfresh, Adam Michael Danner & Thomas Oscar Graff
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