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Van Adkisson> Upcoming Auctions >Land Auction – 239.70 Surveyed Acres – 2 Tracts in Knox County, IL

Land Auction – 239.70 Surveyed Acres – 2 Tracts in Knox County, IL

Friday, February 19, 2021 10:00 am

Auction Location:

Yates City Community Center, 102 West Main St., Yates City, IL 61572

Seller:

JOHN W. COWMAN

Sold At Auction:

Tract 1 – $6,375 Per Acre

Tract 2 – $5,100 Per Acre

LAND AUCTION

239.70 SURVEYED ACRES – 2 TRACTS

KNOX COUNTY, ILLINOIS

Friday, February 19, 2021 –10 A.M.

AUCTION VENUE: 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.

2 LARGE CONTIGUOUS TRACTS OF

PRODUCTIVE UPLAND & RIVER BOTTOM CROPLAND!

FARM LOCATION: 239.70 surveyed acres, located 2.5 miles east of Maquon, IL on County Hwy. 20 (650E) in the Southeast Quarter of Section 35, Haw Creek Township (T.10N.-R.3E.) and in Section 2, Maquon Township (T.9N.-R.3E.), Knox County, IL. The farm will be offered in 2 contiguous tracts by bidder’s choice and privilege.

TRACT 1: THE NORTH 127.50 ACRES

Tract 1 lies undulating to gently rolling and presently consists of 122 +/- tillable acres. Primary soil types of the cropland are Fayette, Sawmill, Greenbush, Harvard, Elco and Ipava silt loams w/ PI rating of 124.3. The balance of the acreage includes 2 small timbered areas located in the NE and SE corners of the parcel. Tract 1 has excellent road frontage on County Hwy 20.

TRACT 2: THE SOUTH 112.20 ACRES

Tract 2 lies level to undulating and presently consists of 103 +/- tillable acres. Primary soil types of the cropland are Fayette, Lawson, Huntsville, Clarksdale and Sawmill silt loams w/ PI rating of 132.7. The balance of the acreage includes frontage and access to Spoon River as well as small timbered areas in the SE and SW corners of the parcel. Tract 2 includes a 50 ft. owned access lane from County Hwy. 20 along the west side of Tract 1.

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 March 19, 2021. Buyers will receive full possession for the 2021 crop year. Title insurance will be provided. The 2020 real estate taxes payable in 2021 will be paid by the seller. 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.