Knox Agri Center, 180 S. Soangetaha Road, I74 at East Main St. Exit #48, Galesburg Illinois 61401
CHARLES M. AND MARY C. JOSEPHSON, LLC
Sold at Auction:
$4,050 Per Acre
The Josephson property consists of 124.18 surveyed acres located southeast of Lake Bracken, 5 miles south of Galesburg in Section 13, Cedar Township (T.10N.-R.1E), Knox County, Illinois.
DESCRIPTION: This is a rare opportunity to purchase a large tract of investment quality timber that offers excellent hunting and recreation! The timber has been untouched for several generations until a very selective harvest was completed last winter. The harvested trees averaged 1.4 trees per acre and the majority were in the bottom near the creek. All trees cut were mature and larger than 20 inches D.B.H. (diameter breast height), unless they were removed to allow larger trees to be harvested. Several trails were created and tree tops left for wildlife cover. It has been estimated that mature timber will be available for harvest in 10-15 years.
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 July 8, 2022. Buyers will receive full possession at the closing. Title insurance will be provided. The 2021 real estate taxes payable in 2022 will be paid by the sellers. Bidders must have financing arrangements made prior to participating in the auction. 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.
SPECIAL NOTICE: The auction will be conducted both In-Person and Online. Online bidding is powered by Proxibid. Join us at the auction venue or participate from your home or office. Contact us for further details!