SOLD! $8,500.00 PER ACRE
142.3 Surveyed Acres • 1 Tract
Monday, December 17, 2018 at 4:00 P.M.
Auction Venue: The Metamora Fields Golf Course, 801 W Progress St, Metamora, IL 61548
LOCATION & GENERAL INFORMATION
The Frank & Helen Kennell Farm is located approximately 4 miles southeast of Metamora, IL in Section 34, T27N•R2W, Metamora Township, Woodford County, IL.
- FSA figures indicate 116.33 tillable acres
- 10.1 acres are enrolled in CRP @ $182.37 per acre through 9/30/2021 for an annual payment of $1,842.00
- The balance is in waterways
- Class A soils with a PI rating of 134
- Access is along the north side by County Rd. 1200N
5 YEAR YIELD HISTORY AVERAGE
• Corn 219.8 BPA
• Beans 63.5 BPA
METHOD & TERMS
The Kennell farm will be sold on a price per acre basis, based on 142.3 surveyed acres. Immediately following the auction, the successful buyer(s) will be required to enter into a written Purchase Agreement with the sellers and pay 10% of the bid price. The balance of the bid price will be due at the time of closing, scheduled on or before Tuesday, January 22, 2019. An owner’s policy of title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller based upon the most recent available tax statement. The 2019 real estate taxes & subsequent years will be paid by the new buyer. Full possession will be given at the time of closing, subject only to the current tenant in possession for the 2018 crop year. Farm sells free and clear for 2019.
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”.
FRANK & HELEN KENNELL FARM
Laura Sue Dueck, Ann Marie Broaddus, Roger Kennell, Jerry Kennell & Mennonite Foundation, Inc. – Sellers
Stoller Law Office
El Paso IL
Auction Manager: Kevin Haas (309) 264-7767