Land Auction | Monday, November 1, 2021 – 10 AM Central
Edgar County, IL
200.18 +/- Acres Offered in 1 Tract
Productive Farmland in Symmes Township
Monday, November 1, 2021 – 10 AM Central
Auction Location: Step Station, 14793 E 1200N Road, Paris, IL.
Directions to Auction Location: Step Station is located on the north edge of Paris, just east of IL Highway 1 on CR 1200N.
Directions to Property: From Paris, IL: travel south on IL Hwy. 1 for 2.5 miles, property is located on the west side of highway. Watch for signs.
Property Description: 200.18 +/- acres of quality farmland located in Sections 24 & 25 of Symmes Township. According to Edgar County FSA Office this tract consists of 153.84 total cropland acres classified HEL. This property is improved with a 10,000-bushel grain bin, a paved roadway and a gated entrance. In 2015 the grain bin’s electrical system was updated and in 2020 a new electric motor was installed on the load-out auger. The remaining 46.34 acres is in woodlands, which offers exceptional Whitetail Deer hunting.
Production History: Five-year production averages: 190.4 bushels/acre for corn and 56.9 bushels/acre for soybeans.
*updated Oct. 22, 2021: 2021 yields: 204 bushels/acre for corn and 57 bushels/acre for soybeans.
Tenant Rights: Tenant rights are open for the 2022 crop year.
Real Estate Taxes: The 2020 real estate taxes paid in 2021 were $3,052.08.
Auction Terms and Conditions
Auction Procedure: This property will be offered as one parcel on per acre basis resulting in highest total sale price, subject to the seller’s acceptance.
Down Payment: Ten percent (10%) down payment on the day of the auction upon signing a purchase agreement immediately following the close of the auction. The remaining balance will be due on or before December 1, 2021 at the closing with delivery of deed. Property is being sold subject to any easements or right of ways of public record. Buyer 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 will be required to sign purchase agreement 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 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 shall pay closing costs that are customarily associated with a real estate purchase. Upon full receipt of the entire purchase price by the Seller, Seller shall deliver to Buyer a Deed conveying title in and to the property to the Buyer.
Real Estate Taxes: The Seller shall give the Buyer a credit at the time of closing based upon the most recently ascertainable tax figure available at closing. Buyer will assume all real estate taxes payable in 2022 and thereafter.
Mineral Rights: Buyer 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: Ray L. Taylor Living Trust
MOSS AUCTION TEAM, LLC
Paris, IL 217-465-4545
Matthew Moss IL lic. #440.000148