Land Auction – 289.25 Surveyed Acres – 7 Tracts –  Warren County, IL

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Land Auction – 289.25 Surveyed Acres – 7 Tracts – Warren County, IL

Sat, December 8, 2018

Auction Location:

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

Sold @ Auction:

Tract 1 – $13,400 Per Acre

Tract 2 – $13,400 Per Acre

Tract 3 – $13,400 Per Acre

Tract 4 – Residence: $187,000 Total Dollars

Tract 5 – $8,700 Per Acre

Tract 6 – $3,800 Per Acre

Tract 7 – $9,550 Per Acre

REAL ESTATE AUCTION

289.25 SURVEYED ACRES – 7 TRACTS  

MONMOUTH TOWNSHIP, WARREN COUNTY, IL

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

SATURDAY, DECEMBER 8, 2018  

AT 10 A.M.

PRIME CROPLAND – FINE COUNTRY HOME – PASTURE – BINS

FARM LOCATION: The Zielke Farm is located at 1973-109th Street, Monmouth, IL 61462, 2.5 miles east of Monmouth on East Broadway (192nd Ave.) to 109th Street or 3 miles east of Monmouth on 200th Ave. in Sections 25 & 26, Monmouth Township (T.11N.-R.2W.), Warren County, Illinois. The tracts will be surveyed prior to the auction.

TRACTS 1, 2 & 3 – 191.13 ACRES (M/L)

Tracts 1, 2 and 3 include 190 contiguous acres, subject to final survey, of prime Class A farmland to be offered in 3 tracts by the Bidder’s Choice Method of Marketing.

TRACT 1: 60.31 ACRES (M/L): Tract 1 is the north parcel with frontage on 200th Ave. and 109th Street. The highly productive tract lies level to undulating and is all tillable. Primary soil types are Muscatune and Osco silt loams. PI rating: 143.4.

TRACT 2: 65.41 ACRES (M/L): Tract 2 is the southwest parcel with frontage on 192nd Ave. The highly productive tract lies level to undulating and is all tillable. Primary soil types are Muscatune, Osco and Sable silt loams. PI rating: 142.4.

TRACT 3: 65.41 ACRES (M/L): Tract 3 is the southeast parcel with frontage on 192nd Ave. and 109th Street. The highly productive tract lies level to undulating and is all tillable. Primary soil types are Muscatune, Sable and Osco silt loams. PI rating: 145.3.

TRACT 4 – EXCEPTIONALLY NICE COUNTRY HOME ON 6.69 ACRES

1973-109th Street, Monmouth, IL 61462. Tract 4 features a very nice updated 4 bedroom -2100 sq. ft. country home w/ large family room, fireplace, main level master suite and attached 2 car garage situated on 6 acres +/- within 2 miles of United High School east of Monmouth. Amenities include brick exterior, open front porch, 22K watt generator (’16), newer Trane XR95 furnace, updated softener and reverse osmosis system, Pella casement windows, blacktop drive and quality construction!  The acreage lies level to undulating and is presently used as pasture. Tract 4 is also improved with 18’x28’ storage building.

 

OPEN HOUSE: SUNDAY, NOV. 25TH – 1 TO 3 P.M.

TRACT 5 – 18.59 ACRES (M/L)

Tract 5 is located east of Tract 1 and north of the building site with frontage on 200th Ave. and 109th Street. The parcel lies level to gently rolling and is all tillable. Primary soil types are Muscatune, Rozetta, Elco and Greenbush silt loams. PI rating: 125.2.

TRACT 6 – 27.06 ACRES (M/L)

Tract 6 is located is located north and east of Tract 4 and south of Tract 5 with frontage on 109th Street. Tract 6 features the farm buildings, good open pasture and a spring fed creek. Improvements include a 32’x52’ open front pole building and 3 grain bins: 1- 11,000 bushels, 2 – 5500 bushels and 1 – 3000 bushels.

TRACT 7 – 45.78 ACRES (M/L)

Tract 7 is located directly south of Tract 6 with frontage on 109th Street. The parcel lies level to gently rolling and presently includes 36.59 FSA cropland acres, 6.21 acres of CRP and a small area of timber. Primary soil types of the cropland are Muscatune, Rozetta and Osco silt loams with a PI rating of 129.3. The CRP contract is for 6.21 acres @ $293.20 per acre expiring in 2027.

NOTE: This auction offers an excellent opportunity to grain and livestock farmers, investors, country home and small acreage buyers interested in an exceptionally well maintained farm. View the full listing online @ www.vanadkisson.com and www.biddersandbuyers.com

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

Tract 4 – The Country Home with approximately 6 acres will be sold individually.

Tracts 5, 6 and 7 will be offered by bidder’s choice wherein the high bidder has the privilege of selecting any individual tract, any combination of tracts or all 3 tracts. In the event that less than all 3 tracts are selected in the first session, the remaining tracts will be offered by the same method until all 3 tracts have been sold.

TERMS: Ten percent (10%) of the purchase prices to be paid down at time of sale with balance due on or before January 8, 2019. Full possession will be given at the closing, with the exception of the use of the grain bins located on Tract 5 which will be reserved until August 31, 2019.Title insurance will be provided. The 2018 real estate taxes payable in 2019 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.

J & M ZIELKE FARM, LLC

Attorney: Richard Whitman – The Whitman Law Office

203 East Broadway, Monmouth, IL 61462 – (309)734-7926

Auctioneers: Van Adkisson, (309)337-1761 and Jeff Gregory, (309)337-5255

VAN ADKISSON AUCTION LLC

PH. 309/426-2000 – www.vanadkisson.com