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  • STARTDec 17th - 1:00pm

  • VENUEK of C Hall

Brown County, Illinois Land Auction

Tuesday, December 17, 2019 at 1:00 p.m.

Sale to be held at The K of C Hall, Quincy Rd, Mt Sterling, IL 62353

OPEN HOUSE: Friday, November 29th from 2:00 – 3:00 p.m.

Location & General Information

Selling 47.73 surveyed acres located in Sections 34 & 35, T1S•R3W, Mount Sterling Township, Brown County, IL.

Make plans to check out this BEAUTIFUL Brown County, Illinois farm that is being sold for Mary Petri and the late Allen Petri. The farm is ideally located approximately 4 miles southeast of Mt. Sterling, Illinois via Hwy. 99. From Mt. Sterling, IL go south on Hwy. 99 past Dot Foods and the State of Illinois Dept. of Corrections facility. Continue southeast through the small village of Hersman. The Petri farm is located on the northeast side of the highway.

Tract Information

Tract 1 • Home & 10.12 Surveyed Acres

  • FSA information should indicate 3.81 acres tillable.
  • Predominant soils include Rozette & Fayette with a Crop Productivity Index (PI) of 112.8 on the tillable acres.
  • The tillable acres are currently in CRP, which expires on 9-30-22.
  • This tract is improved with a 3-bedroom home, machine shed, large vintage barn and pond. Beautiful setting!
  • Access by Hwy. 99 at the south.

 

Tract 2• 17.61 Surveyed Acres

  • FSA information should indicate 5.03 acres tillable.
  • Predominant soils include Rozette & Elco with a Crop Productivity Index (PI) of 111.6 on the tillable acres.
  • The tillable acres are currently in CRP, which expires on 9-30-22.
  • Premiere potential new home site. Rolling land with wooded wildlife habitat.
  • Access by Hwy. 99 at the south.

 

Tract 3 • 10.02 Surveyed Acres

  • FSA information should indicate 6.11 acres tillable.
  • Predominant soils include Rozette & Navlys with a Crop Productivity Index (PI) of 113 on the tillable acres.
  • The tillable acres are currently in CRP, which expires on 9-30-22.
  • Premiere potential new home site. Rolling land with wooded wildlife habitat.
  • Access by Hwy. 99 at the south.

 

Tract 4 • 9.98 Surveyed Acres

  • FSA information should indicate 6.29 acres tillable.
  • Predominant soils include Rozette & Navlys with a Crop Productivity Index (PI) of 107.5 on the tillable acres.
  • The tillable acres are currently in CRP, which expires on 9-30-22.
  • Premiere potential new home site. Rolling land with wooded wildlife habitat.
  • Access by Hwy. 99 at the south with additional access by Cty. Rd. 975E on the west.

Additional information… In regards to the home on Tract 1. The kitchen is trimmed in knotty pine with knotty pine cupboards. There is a wood burning brick fireplace in the living room, (2) bedrooms with closets on the main level, one full bath on the main level. There is also a mud/laundry room. The home has a propane fired hot water baseboard style furnace and propane hot water heater. There is also one bedroom and a storage room on the upper level. The home also has a 2-car attached garage with overhead doors. 

Additional CRP information… Tract 2 has 5.0 acres of CRP paying $171.95 per acre = $859.75 annual payment. Tract 3 has 6.10 acres of CRP at $171.95 per acre = $1,048.89 annual payment. Tract 4 has 6.4 acres CRP at $171.75 per acre = $1,100.48. Tracts 2, 3 and 4 totaled together has an annual payment of $3,009.12. All of the contracts expire 9-30-2022. Thus there will be CRP payments in the fall of ‘20, ‘21 and ‘22. The 3.81 acres east of the house on tract 1 are not in CRP. 

Method & Terms

The Petri farm will be sold in four individual tracts, all of which have recently been surveyed. Tract 1, which includes the home, will sell first for a “lump sum” or total dollar amount and NOT on a price per acre basis. After Tract 1 has been sold we will then sell Tracts 2 – 4 on a price per acre basis, with the final surveyed acres being used to calculate the individual contract prices. Tracts 2 – 4 will be offered through the marketing method of “buyer’s choice”, whereas the high bidder can elect any, or all, of these three tracts for their high bid. If the high bidder does not elect all three tracts, “buyer’s choice” auctioning will continue until all three tracts have been sold. After all four tracts have been sold we will NOT offer the farm in any type of combinations. Each sale will be final.

Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. Ten (10%) percent of the bid price to be due on the day of sale with the balance due at closing. Please Note: Special closing information as follows. Tract 1, which includes the home, can close in 2019 or in 2020 per the buyer’s request. The buyer of Tract 2 will be required to close in 2020 (without exception). The buyer(s) of Tracts 3 & 4 will be required to close in 2019 (without exception). Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, which are due and payable in 2020, will be paid by the seller as the seller has received the 2018/2019 CRP income. (CRP contracts run from October 1st – September 30th.) The 2019/2020 CRP payment, which will be received in the fall of 2020, will be prorated to the date of closing between the buyer and seller. Full possession will be given at the time of closing.

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”.

The Late Allen Petri & Mary Petri Farm

Mary Petri – Seller
Joyce Bowman – POA

Representing Attorney:
John B. Leonard
132 E Main St, Mt Sterling, IL 62353
Phone: (217) 773-3814

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Details

Date:
December 17
Time:
1:00 pm - 11:55 pm

Venue

K of C Hall
West Quincy Road, Mt. Sterling, IL, 62353, United States.