Patricia Tarter Farm | Wednesday, January 5, 2022 | 10A.M.
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Description
Auction Location
(Formerly the Ole Red Barn), Pittsfield, IL
Representing Attorney
232 W. State St., Jacksonville, IL 62650
Title work to be completed by:
Western Illinois Title Services, LLC
130 S. Madison St., Pittsfield, IL 62363
Tract Information
Tract 1: 79 acres +/-
(SUBJECT TO SURVEY)
-FSA indicates 70.96 acres of CRP earning $11,907.09 annually, expiring 9/30/23
-PI Rating of cropland: 110.6
-Primary soil types include, Downsouth, Winfield, and Menfro
-Access through easement in driveway entrance to house on Tract 4. Road frontage along Highway 106
-Offers hunting & recreational opportunities with pond & timber
-Excellent crop farming opportunity with some clean up when CRP expires.
Tract 2: 33 acres +/-
(SUBJECT TO SURVEY)
-FSA indicates 30.58 acres CRP earning $5,131.32 annually, expiring 9/30/23
-PI Rating of cropland: 105
-Primary soil types include, Winfield, Bunkum, and Menfro
-Access entering off Highway 106, road frontage along Highway 106 & 325th St.
-Older, open-faced shed, beautiful building location
-Excellent crop farming opportunity with some clean up when CRP expires.
Tract 3: 70 acres +/-
(SUBJECT TO SURVEY)
-FSA indicates 54.06 acres CRP earning $9,071.26 annually expiring 9/30/23
-PI Rating of cropland: 106.5
-Balance of acreage in timber, brush, & pond
– Access at east side along 325th St.
– Offers hunting & recreational opportunities with pond & timber
-Excellent crop farming opportunity with some clean up when CRP expires.
Tract 4: 3 acres +/-
(SUBJECT TO SURVEY)
Including House & Outbuildings
-4 Bedroom, 2 Bath, 1,692 square foot 1.5 story home
-2 outbuildings, 72’x42’ pole barn, 40’x26’ machine shed
-Access from driveway entering the property off Highway 106.
Auction Method
Tracts 1, 2, & 3 will be offered in the method of Buyers Choice, where, upon winning the highest bid, each buyer can select any or all of the 3 tracts in any order. If all tracts are not selected, auction will continue until each of those tracts has been sold to the highest bidder. After the conclusion of the Buyers Choice portion of the sale, we will then sell Tract 4, which includes the house & improvements. The tracts will not be offered in their entirety, or any combination of tracts, at the end of the sale. Final acreages for each tract will be determined by survey to be completed prior to closing. Final purchase prices will be based on those surveyed acreages. All sales will be subject to Seller approval.
Terms of Sale
Immediately after the conclusion of the auction, Buyers will enter into a written purchase agreement with the seller, and will put 10% non-refundable earnest money as a down payment, with the balance being due in full on the date of closing, on or before Tuesday, February 15, 2022.
Sellers are responsible for providing title insurance and a clean, merchantable title, and warranty deed to be conveyed to Buyer upon closing. The 2021 real estate taxes will be the responsibility of the seller. The 2022 real estate taxes will be prorated to the date of closing, with Buyer receiving credit at closing for the total estimated amount of the 2021 & prorated 2022 real estate taxes. Moving forward, Buyer will be responsible to pay all subsequent tax bills issued for the tract being purchased. Possession to Buyer conveys at closing.
The bidding is not subject to financing, appraisals, or inspections of the property. All information presented in relation to the subject property including, but not limited to the details, acreages, maps, photos are deemed accurate, but are not warranted. Each tract is being sold “as is”. All announcements on day of sale will take precedence over any previous advertising.