Wednesday, January 27, 2016 at 10:00 A.M.
Sale to be held at the Lewistown, Illinois VFW Post 5001, located at 1323 South Main Street, Lewistown, Illinois
SOLD! $3,700.00 PER ACRE
TOTAL – $1,883,980.00
509.184 Surveyed Acres
LAND LOCATION & GENERAL INFORMATION
The McCormick Farm real estate is located approximately 3 miles southwest of Lewistown, Illinois. From Lewistown, take County Road. 14 approximately 1 1/2 miles west to Loveland Rd., then south on Loveland Rd. approximately 1 mile to Dutch Henry Rd., then west and south approximately 3/4 mile to the farm; or 1/2 mile southwest of Lewistown on Highway 24 to Dutch Henry Rd., then west approximately 2 miles to the farm. Watch for presale informational and directional signs along County Road 14 & Highway 24. The land is further described as being located in Section 31 of Lewistown Township & Section 36 of Bernadotte Township, Fulton County, Illinois.
The farm contains 509.184 Surveyed Acres & represents productive, tillable bottomland located along the Spoon River and protected by a levee. The farm will be sold in one parcel & has 410 acres tillable.
McCormick/Barrett Farm Information
509.184 Surveyed Acres
• FSA information indicates 410 acres tillable.
• The balance of this tract is levee, drainage ditches & approximately 20 acres of wooded/pastureland with an older set of farm buildings.
• The majority of the soils are Tice (PI of 134) & Beaucoup (PI of 132) and the entire farm has a PI rating of 130!
• Access to the farm is from Dutch Henry Road, which enters the farm in the Northeast Corner.
• Attention farmers & investors – a tremendous opportunity to purchase a large tract of productive, leveed bottomland that is over 80% tillable!
METHOD & TERMS
The farm will sell on a price per acre basis, based on the final surveyed acres. Ten percent (10%) of the bid price to be paid on the day of sale, with the balance due at the time of closing which will be on or before February 29, 2016. Full possession will be given at the time of closing. The farm sells free and clear of any tenancy for the 2016 crop year. The 2015 Real Estate taxes, due and payable in 2016, will be paid by the sellers, with all future Real Estate taxes the responsibility of the buyer. Immediately following the Real Estate auction the successful buyer will enter into a written purchase contract with the seller, which outlines the terms of sale and purchase price.
Title Insurance will be issued in the full amount of the purchase price. All announcements made sale day take precedence over prior advertising either written or oral. The information in this flyer is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “AS IS”.