Lee County, IL Land Auction - Atherton

Tract Information

FSA records indicate 71.67 NHEL cropland acres
Soil Productivity Index (PI): 126
Soil types include Saybrook, Catlin and Wyanet
Road access along the west side from Earlville Rd and along the north side from S Paw Paw Rd
A nearly all-tillable and productive grain farm

Method & Terms

The Atherton Trust No. 101 farm will be sold by the acre on the basis of 72.42 taxable acres. Immediately following the auction, the successful buyer will be required to sign a real estate sale contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, which will be held in escrow until closing. The balance of the bid price will be due at the time of closing on or before December 22, 2021. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price. The seller will pay the 2021 real estate taxes, due and payable in 2022, by giving a credit to the buyer at closing based on the most recent tax information. The property sells subject to the current crop year tenancy but free and clear of tenancy for the 2022 crop year. Possession will be given at the time of closing subject to any remaining crop tenancy for 2021.

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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold “As Is”.