Land Auction – 308.06 Surveyed Acres – 6 Tracts –  Warren County, IL

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Land Auction – 308.06 Surveyed Acres – 6 Tracts – Warren County, IL

Fri, February 21, 2020

Auction Location:

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

Sold At Auction:

Tract 1 & 2 – $12,100 Per Acre

Tract 3 – $7,400 Per Acre

Tract 4 – $3,800 Per Acre

Tract 5 – $3,700 Per Acre

Tract 6 Residence – $115,000

REAL ESTATE AUCTION

308.06 SURVEYED ACRES – 6 TRACTS  

HALE & MONMOUTH TOWNSHIPS

WARREN COUNTY, ILLINOIS

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

FRIDAY, FEBRUARY 21, 2020  

AT 10 A.M.

PRIME CROPLAND-PASTURE-COUNTRY HOME-TIMBER-POND

FARM LOCATION: The O’Daniel Family Farm consists of 308.06 surveyed acres and will be offered in 6 tracts located 2 miles Northwest of Monmouth in Sections 13 & 14 of Hale Township (T.11N.-R.3W.) and in Section 18 of Monmouth Township (T.11N.-R.2W.), Warren County, IL. The property has frontage on 55th and 60th Streets.

Physical Address: 2150 60th Street, Monmouth, IL 61462.

TRACTS 1 and 2 – 115.22 ACRES (M/L)

Tracts 1 and 2 consist of 115 contiguous acres, subject to final survey, of prime Class A farmland to be offered in 2 parcels by the Bidder’s Choice Method of Marketing.

TRACT 1: 39.57 ACRES (M/L): Tract 1 is described as the Northeast Quarter of the Northeast Quarter of Section 13, Hale Township with frontage on 60th Street. The highly productive tract lies level to undulating and is all tillable. Primary soil types are Muscatune, Osco and Atterberry silt loams. PI rating: 143.5

TRACT 2: 75.65 ACRES (M/L): Tract 2 is described as being in the South Half of the Northeast Quarter of Section 13, Hale Township, with frontage on 60th  and 55th Streets. The highly productive tract lies level to undulating and is all tillable with the exception of a well maintained grass waterway on the west side of the parcel. Primary soil types are Muscatune, Osco and Atterberry silt loams. PI rating: 141.3

TRACT 3 – 119.55 ACRES (M/L)

Tract 3 is described as the South Half of the Northwest Quarter of Section 13 and the Southeast Quarter of the Northeast Quarter of Section 14, Hale Township. The parcel has frontage on 55th Street and is located directly west across the road from Tract 2. Tract 3 lies level to gently rolling and features 90 +/- FSA cropland acres. Primary soil types of the cropland are Muscatune and Osco silt loams with a PI rating of 136.1. The PI rating for the entire tract is 135. The balance of the acreage includes good open pasture, a timbered creek and an older set of farm buildings. Several acres that are currently in grassland could be farmed should the new owner desire. The farm has Galesburg rural water, a well and 2 electric services.

TRACT 4 – 38.65 ACRES (M/L)

Tract 4 is described as being in the Northeast Quarter of the Southeast Quarter of Section 13, Hale Township, with frontage on 60th Street directly south of Tracts 2 and 6. The parcel presently features 14 +/- tillable acres, good open pasture, nice tree lined pond, wooded areas, some new fencing and several attractive home building sites!

TRACT 5 – 29.94 ACRES (M/L)

Tract 5 is described as being in the South Half of the Northwest Quarter of Section 18, Monmouth Township, with frontage on 60th Street directly east across the road from Tracts 2 and 6. The parcel features nice open pasture, mature timber, Cedar Creek and potential home building sites! Some of the pasture could farmed should the new owner desire.

TRACT 6 – COUNTRY HOME ON 4.70 ACRES (M/L)

2150 60th Street, Monmouth, IL 61462. The O’Daniel Homestead features a 2 story – 1665 +/- sq. ft. home, 40’ x 44’ barn w/ steel siding and 3 overhead doors, and 10’x16’ utility shed. The main level of the residence includes a family room, dining room, den/bedroom and dine-in kitchen. There are 3 upstairs bedrooms w/ closets and a full bath with tub/shower. Additional amenities are hardwood floors, full floored attic w/ staircase entry, full basement with shower, toilet and lavatory, new roof (2 yrs.), Lenox gas furnace, Lenox central air, whole house humidifier and a perimeter basement drainage system. The property has Galesburg rural water, fenced pasture and a seasonal stream.   

OPEN HOUSE: SATURDAY, FEB. 8TH – 11 A.M. TO 1 P.M.

NOTE: This auction offers an excellent opportunity to grain and livestock farmers, investors, country home and small acreage buyers! We invite you to inspect the property and to be prepared to purchase at the auction. View the full listing online @ https://vanadkisson.com/ and www.biddersandbuyers.com

SALE PROCEDURE: Tracts 1 and 2 will be offered by bidder’s choice wherein 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. Tracts 3, 4, 5 and 6 will be sold individually in order and will not be offered in combination.

TERMS:  Tracts 1, 2, 3, 4 and 5: Ten percent (10%) of the purchase prices to be paid down at time of sale with balance due on or before March 23, 2020. Tract 6: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before April 23, 2020. All Tracts: Full possession will be given at the closings. Title insurance will be provided. The 2019 real estate taxes payable in 2020 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.

JOHN W. O’DANIEL ESTATE

Meghan A. Kohn, J. Andrew O’Daniel, Emily J. Adolphson, James C. O’Daniel

Attorney: Marcum A. Spears – The Spears and Spears Law Firm

201 West Broadway, Monmouth, IL 61462 – (309)734-5105

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

VAN ADKISSON AUCTION LLC

PH. (309)426-2000 – www.vanadkisson.com