SOLD! $10,500.00 PER ACRE
80.73 TAXABLE ACRES • 1 TRACT
Wednesday, January 16, 2019 at 10:00 A.M.
Auction Venue: The Oasis, 2810 Woodlawn Rd, Lincoln, IL 62656
Location & General Information
Land is located approximately 1 mile northwest of Broadwell, IL in Section 19, T19N•R3W, Broadwell Township, Logan County, IL. (Broadwell is located approximately 25 miles northeast of Springfield, IL.)
Land represents productive tillable farmland with “Class A” soils, as well as income producing CRP acres!
80.73 Taxable Acres – 1 Tract
- FSA figures indicate 76.94 acres of NHEL cropland
- There is an additional .60 acres enrolled in CRP paying $325.40 per acre for an annual payment of $195.00 through 9/30/2021.
- The balance is in grass waterways
- PI Rating: 142.1 (Class A)
- Class A soils include Sable, Ipava, Tama & Broadwell
- Access is along the south side by County Rd. 1100 N
Method & Terms
The Sherrick Family farm will be sold on a price per acre basis, based on 80.73 taxable acres. The farm will not be surveyed. 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 closing, on or before Tuesday, February 19, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes will be paid by the seller, with the 2019 and all subsequent years being paid by the new buyer. Possession will be given at closing subject to the current crop tenancy. The farms sells free & clear for the 2019 crop year. The new buyer will receive 100% of the 2019 and subsequent years’ CRP payments.
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”.
Sherrick Family Farms LLC
Auction Manager: Kevin Haas (309) 264-7767