The Thompson Lewis Trust Land Auction

Sold At Auction:

Tract 1 – 40.00 Acres – $8,000 Per Acre

Tract 2 – 80.69 Acres – $13,550 Per Acre

Tract 3 – 21.02 Acres – $13,250 Per Acre

Tract 4 – 54.51 Acres – $13,250 Per Acre

Tract 5 – 30.16 Acres – $12,000 Per Acre

Tract 6 – 65.76 Acres – $3,700 Per Acre

Tract 7 – 16.69 Acres – $4,200 Per Acre

Tract 8 – 101.70 Acres – $8,000 Per Acre

Tract 9 – 20.26 Acres – $7,000 Per Acre

Tract 10 – 57.86 Acres – $3,600 Per Acre

LAND AUCTION

488.65 SURVEYED ACRES – 10 TRACTS

WARREN COUNTY, ILLINOIS

AUCTION LOCATION: Monmouth American Legion, Route 34 & North 11th Street Monmouth, Illinois 61462

FRIDAY, JANUARY 12, 2018

AT 1 P.M.

 * HIGHLY PRODUCTIVE CROPLAND *

* EXCELLENT PASTURE * TIMBER * HUNTING & RECREATION!

 

FARM LOCATIONS: Tracts 1-7 are located 6 miles South of Monmouth, IL on Route 67 to 120th Ave. then 2.25 miles East in Section 33 of Lenox Township (T.10N.-R.2W.) and in Sections 3 and 4 of Roseville Township (T.9N.-R.2W.), Warren County, Illinois.

 

 

TRACT 1 – 40.00 ACRES

Tract 1 has frontage on 120th Ave. and 90th Street. The parcel lies level to gently rolling and presently consists of 32.29 FSA cropland acres. The balance of the acreage includes a small timber and seasonal stream. Primary soil types of the cropland are Osco, Muscatune and Assumption silt loams with a PI rating of 129 – 81% Tillable.

TRACT 2 – 80.69 ACRES

Tract 2 is located south of Tract 1 at the intersection of 120th Ave. and 90th Street. The parcel lies level to gently rolling and presently includes70.21 FSA cropland acres. The balance of the acreage consists of a small fenced pasture in the northwest corner of the farm. Primary soil types of the cropland are Muscatune and Osco silt loams with a PI rating of 142.3 – 87% Tillable.

TRACT 3 – 21.02 ACRES

Tract 3 is located directly south of Tract 2 with frontage on 90th Street. The parcel lies level to undulating and presently includes 18.73 FSA cropland acres. The balance of the acreage consists of a small timbered area in the northwest corner of the property. Primary soil types of the cropland are Muscatune and Osco silt loams with a PI rating of 139.5 – 89% Tillable.

TRACT 4 – 54.51 ACRES

Tract 4 is located along 90th Street, south of Tract 3. The parcel lies level to undulating and presently includes 53.28 FSA cropland acres. Primary soil types of the cropland are Osco, Muscatune and Rozetta silt loams with a PI rating of 134.3 – 98% Tillable.

TRACT 5 – 30.16 ACRES

Tract 5 has frontage on the east side of 90th Street, directly across the road from Tract 3. The parcel lies level to undulating and presently includes 28.50 FSA cropland acres. Primary soil types of the cropland are Muscatune and Osco silt loams with a PI rating of 139.6 – 94.5% Tillable.

?

TRACT 6 – 65.76 ACRES

Tract 6 is located contiguous to Tracts 3 and 4 with frontage at the building site on 90th Street. The parcel lies undulating to gently rolling and features an excellent mostly open pasture w/ scattered trees, Cedar Creek Tributary, cattle lots, sheds and a drilled well. The main pasture is accessed by proceeding west from the building site on the existing vehicle and cattle lanes that are included in and owned by Tract 6. Several acres of the pasture could be converted to cropland should the new owner desire.

TRACT 7 – 16.69 ACRES

Tract 7 is located on the east side of 90th Street contiguous to Tract 5. The parcel lies undulating to rolling and consists of timber and a seasonal stream. The timber is accessed by a 15 ft. lane that runs along the south side of Tract 5. The lane is included in and owned by the Tract 7.

____________________________________________________________________________

 

FARM LOCATIONS: Tracts 8, 9 and 10 are located 3/4 of a mile North of  the Village of Berwick, IL on 130th Street to 125th Ave. then 2 miles West in Section 36 of Lenox Township ( T.10N.-R.2W.), Warren County, Illinois.

TRACT 8 – 101.70 ACRES

Tract 8 is located on the Northeast corner of the intersection 125th Ave. and 110th Street. The parcel lies level to undulating and presently includes 98.11 FSA cropland acres. Primary soil types are Muscatune, Osco and Sable silt loams with a PI rating of 140.4 – 96.5% Tillable

TRACT 9 – 20.26 ACRES

Tract 9 is located one-half mile East of Tract 8 with frontage on the south side of 125th Ave. The parcel lies level to gently rolling and presently includes 19.17 FSA cropland acres. The balance of the acreage consists of 2 waterways. Primary soil type of the cropland is Osco silt loam with a PI rating of 137 – 95% Tillable.

TRACT 10 – 57.86 ACRES

Tract 10 is directly East of and contiguous to Tract 8 with frontage on the north side of 125th Ave. The parcel lies undulating to rolling and presently features 18.52 acres of FSA cropland, good open pasture, timber, creek and an open front pole building. Primary soil types of the cropland are Osco and Velma silt loams with a PI rating of 125.9.

SALE PROCEDURE

Tracts 1, 2, 3, 4 and 5 will be offered by bidder’s choice wherein the high bidder has the privilege of selecting any individual tract, any combination of tracts or all 5 tracts. In the event that less than all 5 tracts are selected in the first session, the remaining tracts will be offered by the same method until all 5 tracts have been sold.

Tracts 6 and 7 will then be sold individually in order.

Tracts 8 and 9 will be sold by bidder’s choice wherein the high bidder has the privilege of selecting one or both tracts. If one tract is selected the remaining tract will then be sold.

Tract 10 will be sold individually at the conclusion of the auction.

TERMS OF SALE

Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing no earlier than March 6, 2018 and no later than March 9, 2018. Full possession for the 2018 crop year will be given at closing. Title insurance will be provided. The 2017 real estate taxes payable in 2018 will be paid by the sellers. All statements and representations herein are believed to be correct, however, the seller 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 seller and assumes no liability of any kind with the property being sold.

The full listing is available online @ www.biddersandbuyers.com and www.vanadkisson.com

 

THOMPSON LEWIS TRUST

Timothy L. O’Connor, Trustee

Attorney: Richard L. Whitman – Whitman Law Offices

203 East Broadway, Monmouth, IL 61462 – 309/734-7926

 

VAN ADKISSON AUCTION LLC

Auctioneers: Van Adkisson 309/337-1761 and Jeff Gregory 309/337-5255.

309/426-2000 – vanadkisson.com

 

Comments are closed.