Land Auction | Thursday, January 11, 2018 – 10 AM Central
Edgar County, IL
207.5 +/- acres of Productive Farmland &
Woodlands Offered in 2 Tracts
Thursday, January 11, 2018 – 10 AM Central
Auction location: Edgar County 4-H Building in at 319 E. Elliot St., Paris, IL.
Directions to Auction Site: From the Courthouse Square in downtown Paris, travel north on Main St./IL Hwy. 1 for 12 blocks to Elliot St., turn east on Elliot St., 4-H Building is on the north side of Elliot St.
Directions to Tracts: From Paris, IL travel west 1.3 miles on IL Hwy. 16 to CR 1250 E/Public Well Rd., travel south 3.5 miles on CR 1250 E/Public Well Rd. to Tract 2 on the east side of road. For Tract 1, continue south on CR 1250 N/Public Well Rd. to CR 450 N, Tract 1 is on the south side of CR 450 N. Watch for signs.
Tract 1: 127.5 +/- acres of productive farmland located in Section 34 of Symmes Twp. in Edgar County. According to Edgar County FSA Office this tract consists of 110.42 tillable acres classified HEL with 70.82 acres corn base, 35.56 acres soybean base, 4.04 acres wheat base; PLC-yield of 127 for corn, 43 for soybeans, 58 for wheat. This property has good road frontage along three boundaries. Tract includes the improvements of two quality pole buildings, a 60′ x 80′ and a 44′ x 60′. The Productivity Index (PI) for the tillable soils on this tract is 105.7.
Tract 2: 80 +/- acres of farmland located in Section 34 of Symmes Twp. in Edgar County. According to Edgar County FSA Office this tract consists of 60.63 tillable acres classified HEL with 33.26 acres corn base, 25.75 acres soybean base, 1.62 acres wheat base; PLC-yield of 127 for corn, 43 for soybeans, 58 for wheat. This property has excellent blacktop road frontage along the entire west boundary on CR 1250E/Public Well Rd. This tract also has 15.36 acres of woodlands for excellent Whitetail Deer and Turkey hunting. The Productivity Index (PI) for the tillable soils on this tract is 108.6.
Tract(s) Inspection: Auction Company arranged on-site inspections of these tracts are available by appointment. Please contact Auction Company at 217-465-4545. Individual on-site inspections by prospective buyers are permitted via foot traffic only. Please no motored vehicles.
Tenant Rights: Tenant rights are open for the 2018 crop year.
Real Estate Taxes: The real estate taxes paid in 2017 were as follows: Tract 1: $1,227.84 and Tract 2: $533.06.
Auction Terms and Conditions
Auction Procedure: This property will be offered in 2 individual tracts on a per acre basis. Each tract shall stand on its own merits and will not be combined with the other tract. Bidders will be able to bid on either tract at several different times during the auction resulting in highest total sale price.
Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement(s) immediately following the close of the auction. The down payment can be paid by personal check, corporate check or cashier’s check. The remaining balance will be due on or before February 10, 2018 at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Bidders should keep in mind that your bidding is not conditional to financing, so make certain that you have arranged financing if you need it.
Possession: Buyer(s) will receive full possession at the time of closing.
Acceptance of bid prices: The successful bidder(s) will be required to sign purchase agreement(s) at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s acceptance or rejection.
Title: Seller will offer title insurance on the property being offered in the auction.
Real Estate Taxes: The real estate taxes will be deducted from the selling price(s) based on the taxes paid in 2017. Buyer(s) will assume all real estate taxes payable in 2018 and thereafter.
Mineral Rights: Buyer(s) will receive mineral rights owned by the seller.
Legal Questions: Legal questions may be directed to attorney Robert Anderson of Anderson Law Offices in Paris. 217-465-3535
Agency: Moss Auction Team and their staff are exclusive agents for the Seller.
Auction Company Note: Announcements on Sale day take precedence over printed material or any other oral statement made.
Disclaimer and Absence of Warranties: The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential buyer is responsible for conducting his or her own independent inspections, investigations and inquiries concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. The auction procedure, conduct, and bid increments are at the direction and discretion of the Auctioneer. The Seller and the Auctioneer reserve the right to preclude any persons from bidding if there is any question as to the person’s credentials, fitness, etc. Auctioneer has final decision on all matters pertaining to this auction.
Seller: Virginia Kirsch & William Rowse
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic.#440.000148