Land Auction | Friday, March 6, 2020 – 10 AM Central
An Extraordinary Land Auction
Edgar County, IL
435 +/- Acres Offered in 5 Tracts
Productive Farmland & Outstanding Hunting Woodlands in Brouilletts Creek & Hunter Townships
Friday, March 6, 2020 – 10 AM Central
Auction Location: Edgar County 4-H Building, 319 E. Elliott 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 Elliott St., turn east on Elliott St., the 4-H Building is on the north side of Elliott St.
Directions to Tracts: Chrisman, IL. From intersection of US Hwy. 36 & IL Hwy. 1 travel south 5 miles on IL Hwy. 1 to CR 1700N, travel east 3.5 miles on CR 1700N to Tract 1 & 2 on the south side of the road. Tracts 3, 4 & 5 from intersection of CR 1700N & CR 1800E, travel south 1.5 miles on CR 1800E to CR 1550N, travel east 1 mile on CR 1550N to Tracts 3, 4 & 5. Tract 5 also has road frontage access on the south boundary via CR 1500N, which is a half mile south on CR 1800E from CR 1550N. Watch for signs.
Property Inspection: Auction Company arranged on-site inspections of this property available by appointment. Please contact Auction Company at 217-465-4545. Individual on-site inspection by prospective buyers is permitted via foot traffic only. Please no motored vehicles. NOTE: Access for Tracts 3, 4 and the north boundary of tract 5, the last half mile of county road 1550N is rather rough, a 4-wheel drive pick-up truck is recommended.
Tract 1: 153.46 +/- acres of productive farmland located in Sections 26 & 27 of Brouilletts Creek Township. This tract consists of 130.98 cropland acres classified NHEL and it has 1 acre enrolled in the Conservation Reserve Program (CRP) with an annual payment of $300 until Sept. 30, 2027.
Tract 1 is improved with a 20,000+ bushel grain bin and has excellent road frontage along CR 1700N. The Productivity Index (PI) for the tillable acres on this tract is 131.6.
Tract 2: 86.54 +/- acres situated in Section 27 of Brouilletts Creek Township consisting of exceptional recreational woodlands. This tract offers excellent Whitetail Deer & Turkey habitat and sells with a 25′ easement for ingress & egress from County Road 1700N. The Brouilletts Creek runs through the southwest corner of this tract.
Tract 3: 75 +/- acres of outstanding recreational woodlands located in Sections 34 & 35 Hunter Township with the Brouilletts Creek flowing down the middle of it. This tract also offers excellent Whitetail Deer & Turkey habitat and has access from county road 1550N. Exceptional tract for the serious outdoorsman.
Tract 4: 40 +/- acres in Section 35 of Hunter Township of additional recreational woodlands and the Brouilletts Creek curving through it. This tract also offers excellent Whitetail Deer & Turkey habitat and has access from county road 1550N. Another outstanding tract for any avid sportsman.
Tract 5: 80 +/- acres of tremendous recreational woodlands located in Section 34 Hunter Township with access to the Brouilletts Creek. Another tract offering exceptional Whitetail Deer & Turkey habitat for the serious sportsman. This tracts has good road frontage from CR 1500N along the south boundary and access from CR 1550N at the north boundary. This tract presents countless possibilities for any outdoorsman.
Conservation Reserve Program Info: Tract 1 has 1 acre enrolled in CRP with an annual payment of $300 until Sept. 30, 2027. Tracts 3, 4 & 5 have a total of 25 acres in CRP which include 15.2 acres enrolled until Sept. 30, 2022 with annual payment of $1,789 and 9.8 acres enrolled until Sept. 30, 2023 with annual payment of $1,813. Total CRP annual payment is $3,902.
Farm Tenant & Hunting Rights: Farm tenant & hunting rights are open for the 2020 year.
Real Estate Taxes: The 2018 real estate taxes paid in 2019 were, Tracts 1 & 2 $4,374.34; Tract 3 $120.36; Tract 4 $64.34 and Tract 5 $119.72. Total real estate taxes paid in 2019 for the entire 435 acres were $4,678.76 or $10.76/acre.
Auction Company Note: This extraordinary 435 acre parcel of land is widely known for its outstanding Whitetail Deer habitat and lays adjacent to where the world-record biggest non-typical Whitetail Buck was harvested in November 2018. This property is truly a sportsman’s paradise!
Auction Terms and Conditions
Auction Procedure: This property will be offered in 5 tracts. Bidders will be able to bid on any tract, combination of tracts or as a whole at several different times during the auction resulting in highest total sale price. The auction procedure, conduct and bid increments are at the direction and discretion of only the Auctioneer.
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 remaining balance will be due on or before April 6, 2020 at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer(s) will receive full possession at the time of closing. 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(s) are 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 Buyer(s) shall pay closing costs that are customarily associated with a real estate purchase. Upon full receipt of the entire purchase price by Seller, Seller shall deliver to Buyer(s) a Deed conveying title in and to the property to the Buyer(s).
Real Estate Taxes: The Seller shall give the Buyer(s) a credit at the time of closing based upon the most recently ascertainable tax figure available at closing. Buyer(s) will assume all real estate taxes payable in 2020 and thereafter.
Mineral Rights: Buyer(s) will receive mineral rights owned by the seller.
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, 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 due diligence 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: John J. Lawless Trust
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic.#440.000148