Auction Results

Sold @ Auction:

Tract 1 – $3,550 Per Acre

Tract 2 – $35,500 Total

REAL ESTATE AUCTION

84 ACRES (M/L) – 2 TRACTS

KNOX COUNTY, ILLINOIS

AUCTION LOCATION: Knox Agri Center, 180 S. Soangetaha Road, I74 Exit #48, Galesburg, IL 61401

SATURDAY, DECEMBER 3, 2016

AT 2 P.M.

* CROPLAND * TIMBER * COUNTRY HOME * OUTBUILDINGS *

FARM LOCATION: 1240 IL Route 97, Gilson, IL 61436 located 3.5 miles SE of Knoxville, IL on Route 97 along the west side of the highway in Sections 1, 2 & 11, Orange Township (T.10N.-R.2E.), Knox County, IL.

TRACT 1: 80 ACRES (M/L)

Tract 1 lies undulating to gently rolling and presently includes 60.62 +/- tillable acres. The  balance of the acreage consists of timbered draws and grass waterways providing an excellent wildlife habitat. Cropland soil types are Osco, Elco, Ipava and Hickory silt loams – 117.3 PI. The parcel has income producing cropland coupled with timber located in an area well known for excellent hunting! Tract1 has access from Route 97 by a graveled easement road through Tract 2.

TRACT 2: COUNTRY HOME & 4 ACRES (M/L)

Tract 2 is improved w/ two story- 3/4 bedroom country home currently under renovation. The roof is one year old and new plumbing, electrical, HVAC ducts and drywall installations are partially complete. A new Lennox furnace and central air unit will be included and several new windows have been installed. The original home features nice natural oak woodwork, a columned archway, oak staircase, 4 leaded glass windows and a built-in foyer bench. The home has great potential! New custom designed oak kitchen cabinets are still in the original boxes and will separately at the auction. The tract is well located along Route 97 and is also improved with 3 grain bins, one storage building and a good drilled well.

TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale w

ith balance due on or before January 6, 2017. Full possession will be given for the 2017 farming season. Title insurance will be provided. The 2016 real estate taxes payable in 2017 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 sellers and assumes no liability of any kind with the property being sold. The full listing with maps and color photos is available online @ www.biddersandebuyers.com or www.vanadkisson.com and may be obtained by contacting the auction firm, Van Adkisson 309/337-1761 and Jeff Gregory 309/337-5255.

THE LOGAN FARM

Peter W. Logan and Sheila J. Logan

Attorneys: James D. Blake – Blake Law Office, Galesburg, IL – 309/343-3155

Jeremy Karlin – Barash & Everett LLC, Galesburg, IL – 309/341-6010

VAN ADKISSON AUCTION LLC

 vanadkisson.com – 309/426-2000