Estate Auction – 297.68 Acres (M/L) – 4 Tracts – Livingston County, IL

Auction Results

Van Adkisson> Upcoming Auctions >Estate Auction – 297.68 Acres (M/L) – 4 Tracts – Livingston County, IL

Estate Auction – 297.68 Acres (M/L) – 4 Tracts – Livingston County, IL

Tuesday, August 7, 2018

Auction Location:

Indian Creek Golf Club, 7429 N 2200 E Road, Fairbury, IL 61739

Sold At Auction:

Tract 1 – $12,100 Per Acre

Tract 2 – $11,700 Per Acre

Tract 3 – $12,100 Per Acre

Tract 4 – $12,300 Per Acre

LAND AUCTION

298.87 ACRES (M/L) – 4 TRACTS

LIVINGSTON COUNTY, ILLINOIS

AUCTION VENUE: Indian Creek Golf Club, 7429 N. 2200 E. Road, Fairbury, IL 61739

TUESDAY, AUGUST 7, 2018

AT 10 A.M.

HIGHLY PRODUCTIVE CROPLAND

FARM LOCATIONS: The tracts are located 40 miles Northeast of Bloomington, 8 miles Southeast of Fairbury or 3 miles west of the small village of Strawn in Sections 5, 6 and 7 of Fayette Township (T.25N.-R.7E.), Livingston County, Illinois.

TRACT 1 – 117.12 ACRES +/-

Tract 1 is located at 2400 E. 200 N. Road, Fairbury, IL and is described as the Northwest Fractional Quarter of Section 7, Fayette Township, Livingston County, IL, less and except the building site that was conveyed in 1996. The parcel lies level to undulating and is all tillable. Primary soil types of the cropland are Drummer, Lisbon and Saybrook silt loams with a PI rating of 140.

TRACT 2 – 80 ACRES +/-

Tract 2 is located directly north from Tract 1 at the intersection of E. 200 N. Road and N. 2400 E. Road. The tract is described as The West 80.00 Acres of the Southwest Quarter of Section 6 in Fayette Township, Livingston County, IL. The parcel lies level to undulating and presently includes 74 +/- cropland acres. The balance of the tract consists of Indian Creek and CRP filter strips along both sides of the creek. Primary soil types of the cropland are Drummer, Lisbon, Brenton and Proctor silt loams with a PI rating of 139.1.

TRACT 3 – 20.83 ACRES +/-

Tract 3 is located directly north from Tract 1 with frontage on E. 200N Road. Tract 3 is east of but not contiguous to Tract 2. The parcel is described as The East 20.83 acres of the Southwest Quarter of Section 6 in Fayette Township, Livingston County, IL. Tract 3 lies level to undulating, and presently includes 19 +/- cropland acres. The balance of the parcel consists of Indian Creek and CRP filter strips along both sides of the creek. The buyer shall be responsible for creating his/her own access to the part of Tract 3 lying north of Indian Creek. Primary soil types of the cropland are Drummer, Lisbon and Brenton silt loams with a PI rating of 141.4.

TRACT 4 – 80.92 ACRES +/-

Tract 4 is located at 265 N. 2500 E. Road, Fairbury, IL. The parcel is described as Lot 4 of the Northwest Fractional Quarter of Section 5 in Fayette Township, less and except the building site that was conveyed in 1995. The parcel lies level to undulating and is all tillable. Primary soil types are Andres silt loam and Reddick clay loam with a PI rating of 132.3.

NOTE: This auction offers an excellent opportunity to farm operators and investors interested in highly productive Class A Illinois farmland! The tracts are well located on good all-weather blacktop roads and have been exceptionally well maintained.

SALE PROCEDURE: Tracts 1, 2, 3 and 4 will be sold individually in order. No combinations of tracts will be offered.

TERMS OF SALE Ten percent (10%) of the purchase prices to be paid down at time of sale with balances due on or before September 14, 2018. Possession will be given subject to the existing tenancy for the 2018 crop season. Purchasers will receive full possession upon the harvest of the 2018 crop, no later than December 1, 2018. 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 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