Land Auction – 90.67 Surveyed Acres – 2 Tracts – Knox County, IL

SOLD @ AUCTION:

Tract 1 – $7,650 per Acre

Tract 2 – $6,550 per Acre

 

LAND AUCTION

90.69 SURVEYED ACRES – 2 TRACTS

KNOX COUNTY, IL

Friday, January 27, 2017 – 10 A.M.

AUCTION LOCATION: Abingdon American Legion, 546 IL Route 41 South, Abingdon, IL 61410.

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FARM LOCATION: The Collis Farm is located 3 miles south of Abingdon, IL on Route 41 to Knox Road 300N then 3.5 miles east of 2 miles north of Route 116 on Knox Road 550E in the Southeast Quarter of Section 13, Indian Point Township (T.9N.-R.1E.), Knox County, IL.

DESCRIPTION: 90.69 surveyed acres consisting of 2 contiguous tracts of  productive farmland. Primary soil types of the cropland are Osco and Ipava silt loams, both Class A Illinois soils.

TRACT 1: THE WEST 41.62 ACRES

Tract 1 lies level to gently rolling, and is presently approximately 85.6% tillable. The Productivity Index Rating of the cropland is 134.2. The corn productivity rating by soil type is 181.5. The soybean productivity rating by soil type is 57.3.

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TRACT 2: THE EAST 49.07 ACRES

Tract 2 lies level to gently rolling, and is presently approximately 79.1% tillable. The Productivity Index Rating of the cropland is 128.5. The corn productivity rating by soil type is 173.6. The soybean productivity rating by soil type is 54.8.

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NOTE: The cropland has been maintained in an excellent state of productivity and is well drained with field tile. The non-tillable acres consist of grass waterways and timbered draws offering excellent hunting and recreation. The farm is selling with full possession for the 2017 crop year!

TERMS OF SALE: Tracts 1 and 2 will be offered by the Bidder’s Choice Method of Marketing wherein the first successful bidder has the option of selecting either one or both tracts. In the event only one tract is selected, the remaining tract will then be sold. Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before March 1, 2017.  Full possession for the 2017 crop year will be given at the closing. Title insurance will be provided. The 2016 real estate taxes payable in 2017 will be paid by the sellers. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the sellers and assumes no liability of any kind with the property being sold.

View the full listing online @ www.biddersandbuyers.com or www.vanadkisson.com or contact the auction firm for a sale brochure, Van Adkisson (309)337-1761 and Jeff Gregory (309)337-5255.

 

MARGARET COLLIS ESTATE

William D. Collis, Executor

Attorney: James D. Blake – Blake Law Office

250 East Main St. – Galesburg, IL 61401 – 309/343-3155

 

VAN ADKISSON AUCTION LLC

(309)426-2000 – vanadkisson.com

 

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