Past Real Estate Auctions

Van Adkisson> Upcoming Auctions >Land Auction – 315.78 Surveyed Acres – 3 Tracts in Warren County, IL

Land Auction – 315.78 Surveyed Acres – 3 Tracts in Warren County, IL

Fri, January 8, 2021 10:00 am

Auction Location:

Roseville Community Center Gymnasium, 265 West Penn Ave., Roseville, IL 61473

Seller:

THE EARP FAMILY FARM

Sold At Auction:

Tract 1 – $8,300

Tract 2 – $5,825

Tract 3 – $5,825

LAND AUCTION

315.78 SURVEYED ACRES – 3 TRACTS

WARREN COUNTY, ILLINOIS

Friday, January 8, 2021 –10 A.M.

AUCTION VENUE: Roseville Community Center Gymnasium, 265 West Penn Ave., Roseville, IL 61473

PRODUCTIVE CROPLAND – GRASSLAND

STREAMS – ATTRACTIVE HOME SITES

FARM LOCATION: The property is adjacent to the north side of the Village of Roseville, in Section 30, Roseville Township (T.9N.-R.2W.), Warren County, IL. Tracts 1, 2 and 3 have frontage on Business Route 67. Tracts 2 and 3 have additional frontage on 80^th Ave.

DESCRIPTION: The farm consists of 315.78 surveyed acres to be offered in 3 tracts. The property has been well maintained and includes 295 +/-FSA cropland acres (93.3% tillable) with an overall PI rating of 124.2. The property is exceptionally well located and offers great opportunities to a wide variety of buyers. We invite your inspection of these diverse tracts.

TRACT 1: 132.58 ACRES

Tract 1 lies level to rolling and presently consists of 129 acres +/- of FSA cropland. Primary soil types of the cropland are Osco, Assumption and Elco silt loams with a PI rating of 127.9. The balance of the acreage includes the building site, grassland and the creek. Tract 1 is improved with a Morton 34’x54’ open front building, 40’x54’ wood frame open front building, 2 30’x40’ airplane hangars (one has been enclosed and is used as a workshop) and 4 older grain bins. The parcel is contiguous to the northwest quadrant of the Village of Roseville and has frontage on Business Route 67.

TRACT 2: 105.45 ACRES

Tract 2 lies level to rolling and presently consists of 95 acres +/- of FSA cropland. Primary soil types of the cropland are Osco and Assumption silt loams with a PI rating of 125.3. The balance of the acreage includes grassland and the creek. The parcel is north of and contiguous to Tract 1 and has frontage on Business Route 67 and 80^th Ave.

TRACT 3: 77.75 ACRES

Tract 3 lies level to rolling and presently consists of 71 acres +/- of FSA cropland. Primary soil types of the cropland are Osco, Velma, Radford and Elco-Atlas silt loams with a PI rating of 119.4. The cropland currently includes 10.10 acres enrolled in CRP at a rental rate of $308.52 per acre that expires on 09-24-2024.The balance of the acreage includes grassland and the creek. The parcel is contiguous to the northeast quadrant of the Village of Roseville and has frontage on Business Route 67 and 80^th Ave.

SALE PROCEDURE: Tracts 1, 2 and 3 will be offered by bidder’s choice whereby the high bidder has the privilege of selecting any individual tract, any combination of tracts or all three tracts. Bidders Choice and privilege will continue until all three tracts are sold.

TERMS OF SALE: Ten percent (10%) of the purchase prices to be paid down at time of sale with balance due at closing on or before February 11, 2021. Buyers will receive full possession for the 2021 crop year at the closing. Title insurance will be provided. The 2020 real estate taxes payable in 2021 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.