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  • STARTSep 16th - 11:00am

  • VENUEDixon VFW Post 540

Lee County, IL Land Auction

318.255 Surveyed Acres – 4 Tracts

Monday, September 16, 2019 at 11:00 A.M.

Auction to be held at the Dixon VFW Post 540, 1560 IL-38, Dixon, IL 61021

Location & General Information

The Ruth White farm is located approx. 8 miles southwest of Dixon, IL.  From Interstate 88 at the south edge of Dixon, take Hwy 26 south approx. 4 miles to Hwy 30, then right or west approx. 4 miles to the farm.  The farm is further described as being located in Sections 26 & 35, T21N – R8E, Nelson Township, Lee County, IL.  All tracts represent highly productive, pattern tiled farmland!

 

Tract Information

Tract 1 – 79.345 Surveyed Acres

• FSA figures should indicate 75.8 acres of NHEL cropland currently in row crop production.

• Additionally, there are 3.73 acres enrolled in CRP waterways, which pays $300 per acre for an annual payment of $1,119.00.

• PI Rating: 131.2

• Productive soil types include Clyde, Odell, La Hogue, Wyanet & Vanpetten

• This tract is improved with an open front shed & an older corn crib

• Access is along the east side by Atkinson Road

 

Tract 2 – 79.678 Surveyed Acres

• FSA figures should indicate 79.11 acres of NHEL cropland currently in row crop production.

• PI Rating: 125.2

• Productive soil types include Clyde, La Hogue, Vanpetten, Wyanet, Odell & Dakota

• Access is along the east side by Atkinson Road

 

Tract 3 – 79.673 Surveyed Acres

• FSA figures should indicate 78.61 acres of NHEL cropland currently in row crop production.

• PI Rating: 125.4

• Productive soil types include Clyde, La Hogue, Vanpetten, Wyanet, Odell & Dakota

• Access is along the east side by Atkinson Road

 

Tract 4 – 79.559 Surveyed Acres

• FSA figures should indicate 75.58 acres of NHEL cropland currently in row crop production.

• There is a well established & maintained grass waterway that runs through the southeastern portion of this tract

• PI Rating: 121.6

• Productive soil types include Ambraw, Prairieville, Clyde, Dakota, Nachusa & Odell

• This tract is improved with 3 grain bins.

• Access is along the east side by Atkinson Road & along the south side by Hwy 30

 

Method and Terms

All 4 tracts have recently been surveyed. All 4 tracts will sell on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect (in any order) any or all tracts for their high bid. Auctioning will continue until all tracts have been sold. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Monday, October 21, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 & subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing, subject only to the current tenant’s farm lease. The farm sells free & clear for the 2020 crop year.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 the property. This real estate is being sold “as is”.

 

PLAT MAP

 

AERIAL MAP

 

SOIL MAPS

 

PHOTOS

 

 

 

Ruth White Trust

M. David Cain – Trustee

 

Auction Manager: Michael Sullivan (309) 333-0916

 

Representing Attorney

Gary R. Gehlbach

Ehrmann Gehlbach Badger & Considine LLC

Commerce Towers, 215 E. First Street, Suite 100

Dixon, IL 61021

(815) 288-4949

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Details

Date:
September 16
Time:
11:00 am - 11:55 pm
Categories:

Venue

Dixon VFW Post 540
1560 IL-38, Dixon, IL, 61021, United States.