Auction Results

Land Auction – 558.43 Surveyed Acres – 6 Tracts – Warren County, IL

Tuesday, November 27, 2018

Auction Location:

Monmouth American Legion, Route 34 & North 11th Street, Monmouth, IL

Sold @ Auction:

Tract 1 – $11,400 Per Acre

Tract 2 – $11,400 Per Acre

Tract 3 – $11,400 Per Acre

Tract 4 – $8,900 Per Acre

Tract 5 – $11,650 Per Acre

Tract 6 – $10,700 Per Acre

LAND AUCTION

558.43 SURVEYED ACRES – 6 TRACTS

WARREN COUNTY, ILLINOIS

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

TUESDAY, NOVEMBER 27, 2018

AT 10 A.M.

HIGHLY PRODUCTIVE FARMLAND

FARM LOCATIONS: The Slater Farms are generally located 2 to 4 miles south of Monmouth, IL along and west of Route 67 in Sections 7, 8 and 18, Lenox Township (T.10N.-R.2W.) and in Section 24, Tompkins Township (T.10N-R.3W.), Warren County, Illinois.

TRACT 1 – 90.93 ACRES

Tract 1 is located 4 miles south of Monmouth on Route 67 to 150^th Ave., 3/4 mile west to 60^th Street then ½ mile south in the Southwest Quarter of Section 19, Lenox Township. The parcel is located at the intersection of 60^th Street and 145^th Ave. Tract 1 lies level to undulating and is all tillable. Primary soil types are Sable and Muscatune silt loams with a PI rating of 143.1.

TRACT 2 – 81.82 ACRES

Tract 2 is located directly west of and contiguous to Tract 1in the Southeast Quarter of Section 24, Tompkins Township. The parcel has frontage on 145th Ave. The tract lies level to undulating and is all tillable. Primary soil types are Muscatune and Sable silt loams with a PI rating of 145.1

TRACT 3 – 76.89 ACRES

Tract 3 is located directly north of Tract 2 in the Northeast Quarter of Section 24, Tompkins Township. The parcel has frontage on 60^th Street, 145^th and 150^th Avenues. The tract lies level to gently rolling and is all tillable with the exception of small waterway consisting of 0.91 acres at the north end of the farm. Primary soil types are Muscatune, Sable and Osco silt loams with a PI rating of 141.6.

TRACT 4 – 115.47 ACRES

Tract 4 is located 4 miles south of Monmouth on Route 67 to 150th Ave. then 3/4 mile west in the Southwest Quarter of Section 18, Lenox Township. The parcel has frontage on 60^th Street and 150^th Ave. The tract lies level to gently rolling and presently consists of 103.8 FSA tillable acres. Primary soil types of the cropland are Greenbush, Osco, Rozetta and Elco-Atlas silt loams with a PI rating of 115.1. The balance of the acreage includes a nice 4 acre +/- pond, creek and grass waterways. The pond was rebuilt in the mid ‘80’s and restocked in 2015 with bass, bluegill, crappie and catfish. The property features several attractive home sites located in the United School District.

TRACT 5 – 113.17 ACRES

Tract 5 is located 3 miles south of Monmouth along the west side of Route 67 at the intersection of Route 67 & 160^th Ave. in the Southwest Quarter of Section 7, Lenox Township. The parcel also has frontage on 60^th Street. Tract 5 lies level to undulating and includes 110.59 FSA tillable acres. Primary soil types of the cropland are Muscatune and Osco silt loams with a PI rating of 139.2

TRACT 6 – 80.15 ACRES

Tract 6 is located 2.5 miles south of Monmouth along the east side of Route 67 in the Northeast Quarter of Section 7 and the Northwest Quarter of Section 8, Lenox Township. The parcel also has frontage on 70^th Street, 1.5 miles south of the intersection of South Main Street and the Cameron Road. Tract 6 lies level to gently rolling and presently includes 74.61 FSA cropland acres! The balance of the acreage includes grass waterways and a small timbered draw. Primary soil types of the cropland are Osco, Sable and Muscatune silt loams with a PI rating of 133.6.

SALE PROCEDURE: Tracts 1, 2, 3, 4, 5 and 6 will be offered by the bidder’s choice method of marketing wherein the high bidder has the privilege of selecting any individual tract, any combination of tracts or all 6 tracts. In the event that less than all of the tracts are selected in the first session, the remaining tracts will be offered by the same method until all 6 tracts have been sold.

AUCTION NOTE: This is an excellent offering of exceptionally well-located and highly productive farmland! We invite you to inspect the property and to be prepared to purchase at the auction.

TERMS OF SALE: Tracts 1, 2, 3 and 4 -Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before December 28, 2018. Tracts 5 and 6 – Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on January 4, 2019. All Tracts – Full possession for the 2019 farming season will be given at the closing. Title insurance will be provided. The 2018 real estate taxes payable in 2019 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 seller and assumes no liability of any kind with the property being sold.

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