Productive Farmland, Outstanding Country Home & Pastureland Auction | Tuesday, November 13, 2018 – 6 PM Central
Productive Farmland, Outstanding County Home & Pastureland Auction
141.364 +/- acres Edgar County, IL Offered in 3 Tracts.
119.231 +/- acres of Tillable Farmland & 22.133 +/- acres with an Outstanding 1,664 Sq. Ft. Country Home, Farm Building Improvements and Fenced Pastureland
Tuesday, November 13, 2018 – 6 PM Central
Auction location: Edgar County 4-H Building, 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., the 4-H Building is on the north side of Elliot St.
Directions to Property: From intersection of US Hwy. 36 & IL Hwy. 1 at Chrisman, IL travel east 6.5 miles on US Hwy. 36 to CR 2350E, travel south 1 mile on CR 2350E to CR 2100N, travel west .5 mile on CR 2100E to CR 2300E, travel south 4.5 miles on CR 2300E to property on the west side of the road. Watch for signs.
Tract 1: 78.231 +/- acres of productive Edgar County farmland located in Section 29 of Brouilletts Creek Twp.. According to the Edgar County FSA office this tract consists of 76.89 tillable acres with 65.12 classified as NHEL and 11.77 classified as HEL. This tract has road frontage on CR 1650N on the south boundary and CR 1700N on the north boundary. The Productivity Index for the soils on this tract is 117.9.
Tract 2: 41.0 +/- acres of exceptional Brouilletts Creek Township farmland situated in Section 29. According to the Edgar County FSA office this tract consists of 39.71 tillable acres classified NHEL. This tract has road frontage on CR 1650N and is improved with a 116′x24′ multi-purpose building and a 24′x’16′ general use building. The Productivity Index for the soils on this tract is 118.2.
Tract 3: 22.133 +/- acres in Section 29 Brouilletts Creek Township consisting of an outstanding 1,664+/- sq. ft. ready to move into country home, pole barn improvements and fenced rolling pastureland with running creek water. The home on this tract offers 3-4 bedrooms with walk-in closets, 1 bathroom and a two car attached garage. The house has a newer forced-air gas furnace, central AC, a newer electric water heater, a water softener system, original hardwood floors, ceiling fans in every room, a gas fireplace in living room, newer style windows, vinyl siding, unfinished basement and less than 2 year-old metal roof. The home includes appliances of dishwasher, stove/oven in the kitchen and washer & dryer which are located in large mudroom by the garage. Property includes a 56′x56′ three-sided livestock/storage pole barn with white board fence and woven wire fence. Other improvements on this tract include: a 80′x62′ three-sided livestock/storage pole barn, a 80′x24′ metal pole barn with an open end, some newer livestock fence and a 8,000 & 4,000 bushel grain bins. Also, there are several older smaller general purpose buildings. This tract has road frontage on east, south and north boundaries. The property is located in the Chrisman School District and is less than 25 minutes from Terre Haute, IN. Great country home site with many possibilities for all kinds of livestock.
Open House & Property Inspection: Saturday, November 3, 2018 from 10 AM – 12 PM Central. Or contact Moss Auction Team at 217-465-4545 to schedule an appointment to view the house on Tract 3. Individual on-site farmland inspections by prospective buyers is permitted via foot traffic only. Please no motored vehicles.
Tenant Rights: Tenant rights are open for the 2019 crop year.
Real Estate Taxes: Tracts 1 & 3: The 2017 real estate taxes paid in 2018 were $2,812.84. Tract 2: The 2017 real estate taxes paid in 2018 were $642.54.
Auction Terms and Conditions
Auction Procedure: This property will be offered in 3 individual tracts. Each tract shall stand on its own merits and will not be combined with any other tracts. Bidders will be able to bid on any tract at several different times during the auction resulting in highest total sale price. The final bid prices are subject to the Sellers’ acceptance or rejection. The auction procedure, conduct and bid increments are at the direction and discretion of only the Auctioneer.
Down Payment: Ten percent (10%) down payment(s) on the day of the auction upon signing a purchase agreement(s) immediately following the close of the auction. The down payment(s) can be paid by personal check, corporate check or cashier’s check. The remaining balance(s) will be due on or before December 13, 2018 at the closing(s) with delivery of deeds. 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.
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.
Possession: Buyer(s) will receive full possession at the time of closing.
Title: Seller will offer title insurance on the property being offered in the auction. The Seller shall pay any search and closing costs that are customarily associated for a seller. The Purchaser(s) shall pay closing costs that are customarily associated with a real estate purchase. Both the Seller and the Purchaser(s) shall each pay one-half (1/2) of the fees of the closing agent. Upon full receipt of the entire purchase price by Seller, Seller shall deliver to the Buyer(s) a Warranty Deed conveying title in and to the property to the Purchaser(s).
Closing: The closing(s) will take place on or before December 13, 2018.
Mineral Rights: Buyer(s) will receive mineral rights owned by seller.
Real Estate Taxes: The real estate taxes for Tracts 1 & 2, the Seller shall give the Buyer(s) a credit at the time of closing for the 2017 taxes paid in 2018, based upon the most recently ascertainable tax figures available at closing. The real estate taxes for Tract 3 will be pro-rated to the closing date based on the 2017 taxes paid in 2018. Buyer(s) will assume all real estate taxes payable in 2019 and thereafter.
Legal Questions: Legal Questions for Tracts 1 & 3 may be directed to attorney Jeffrey Lewellyn in Terre Haute, IN 812-917-2808. Legal Questions for Tract 2 may be directed to attorney Rob Anderson in Paris, IL 217-465-3535.
Agency: Moss Auction Team and their staff are exclusive agents for the Seller.
Auction Company Note: Announcements made on sale day by the Auctioneer 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, with all faults” 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. Information in this brochure is subject to verification by all parties relying on it. All dimensions and diagrams are approximate. All acreages are estimates. 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.
Sellers: Patti Ingram Revocable Trust, Gary Ingram, Mark Ingram & Kim Parker
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic.#440000148