Land Auction – 297.33 Surveyed Acres – 2 Tracts – Productive Farmland & Farmstead – Knox County, IL
Friday, December 4, 2020 10:00 amAuction Location:
Yates City Community Center, 102 West Main St., Yates City IL 61572
Seller:
THE BRONSON FAMILY TRUST
Sold At Auction:
Tract 1 – $5,400 Per Acre
Tract 2 – $11,050 Per Acre
LAND AUCTION
297.33 SURVEYED ACRES – 2 TRACTS
KNOX COUNTY, ILLINOIS
Friday, December 4, 2020 –10 A.M.
AUCTION LOCATION: Yates City Community Center, 102 West Main St., Yates City IL 61572
COVID- 19 INFORMATION: Seating will be arranged for social distancing. Masks will be required for all attendees and provided if needed. Prospective bidders who are uncomfortable in attending may contact Van Adkisson or Jeff Gregory to arrange phone bidding.
PRODUCTIVE FARMLAND – FARMSTEAD
FARM LOCATION: The property is located 3 miles west of Yates City on IL Route 8 to County Hwy. 19 (1900E) then 1 mile north, in the North Fractional Half of Section 5, Salem Township (T.9N.-R.4E.), Knox County, IL. The farm will be offered in 2 contiguous tracts by bidder’s choice and privilege.
TRACT 1: THE WEST 148.66 ACRES
Tract 1 lies level to gently rolling and presently features 124 +/- acres of cropland. Primary soil types of the tillable acres include Greenbush, Osco, Rozetta and Orion silt loams with a PI rating of 124.5. The land has been well maintained with terraces and grass waterways. The balance of the acreage consists of a stream, grass and timbered waterways and the farmstead. Improvements include an older one story ranch style home, several grain bins and 3 metal clad pole buildings. The parcel has excellent road frontage on County Hwy. 19 (1900E) and Road 550N.
TRACT 2: THE EAST 148.67 ACRES
Tract 2 lies level to gently rolling and presently features 137 acres +/-of cropland. Primary soil types of the tillable acres are Osco, Ipava, and Elkhart silt loams with a PI rating of 134.1. The land has been well maintained with terraces and grass waterways. The balance of the acreage includes waterways and a small area of timber. The parcel has excellent road frontage on Road 550N and 2000E.
SALE PROCEDURE: Tracts 1 and 2 will be offered by bidder’s choice whereby the high bidder has the privilege of selecting either one or both tracts. In the event one tract is selected the remaining tract will then be sold.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing on or before January 8, 2020. Buyers will receive full possession for the 2021 crop year on or before March 1, 2021. Title insurance will be provided. The 2020 real estate taxes payable in 2021 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.