Stephenson & Winnebago County, IL Land Auction – Citizens State Bank

Monday, August 15, 2022 - 10:00 am Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

Location

Stephenson & Winnebago County, Illinois

Seller

Citizens State Bank Land Trust, Et Al.

Managed By

Kevin Haas (309) 264-7767

General Information

404.4 Total Acres  • 6 Tracts

Survey

FSA INFORMATION

REAL ESTATE TAX INFORMATION

Tract 1
PIN 06-10-21-126-003 - 36.48 acres - $1344.72
PIN 06-10-21-201-003 - 48.86 acres - $1594.34
PIN 06-10-21-226-004 - 16.37 acres - $455.00
Tract 2
PIN 05-20-01-200-004 - 121.19 acres - $3067.98
Tracts 3-5
PIN 05-20-01-400-003 - 10.41 acres - $479.50
PIN 05-20-01-200-002 - 7.18 acres - $305.00
PIN 05-20-01-400-001 - 40.0 acres - $1591.10
PIN 05-20-01-400-006 - 86.83 acres - $4504.66
Tract 6
PIN 13-06-300-001 - 36.34 acres - $1822.18

Location & General Information

The Citizens State Bank Land Trust, Et Al real estate is located between Freeport and Rockford, IL.
Tract 1 is located at the northeast edge of Rock City, IL, in Section 21, T28W-R9E, Rock Run Township, Winnebago County, IL, contains 121.9 taxable acres and is nearly all-tillable farmland with highly productive soils. Tracts 2 - 6 are located approximately 4 miles southwest of Pecatonica, IL, in Section 1, T26N-R9E, Ridott Township, Stephenson County, IL and Section 6, T26N-R10E, Seward Township, Winnebago County, IL. These tracts contain a total of 182.34 acres (subject to survey), and are nearly all tillable with mostly Class A soils.
Farmers and investors, be sure to check out these investment quality tracts of Stephenson and Winnebago County, IL farmland.

Tract Information

TRACT 1

  • 101.71 taxable acres
  • FSA records indicate 98.82 cropland acres
  • Productivity Index (PI): 122.6
  • Soil types include Ogle, Durand, Osco and Griswold
  • Lies northeast of and adjacent to Rock City, IL and also offers development potential
  •  Access on the south from Congress St

TRACT 2

  • 121.19 taxable acres
  • FSA records indicate123.38 cropland acres
  • Productivity Index (PI): 118.1
  • Soil types include Hitt, Griswold, Radford and Dodgeville
  • Access in the southwest corner off US Hwy 20 which runs along the south side
TRACT 3
  • 46.45 surveyed acres
  • FSA records indicate 46.25 NHEL cropland acres
  • Productivity Index (PI): 135.2 (Class A)
  • Soil types include Plano and Virgil
  • Access in the northeast corner off US Hwy 20 which runs along the north side
TRACT 4
  • 15.55 surveyed acres
  • FSA records indicate 18.77 NHEL cropland acres
  • Productivity Index (PI): 140.4 (Class A)
  • Soil types include Osco and Plano
  • Access along the east side from Klinger Rd
TRACT 5
  • 83.16 surveyed acres
  • FSA records indicate 77.94 NHEL cropland acres
  • Productivity Index (PI): 138.4 (Class A)
  • Soil types include Virgil, Osco, Lawson and Elburn
  • Access along the east side from Klinger Rd
TRACT 6
  • 36.34 taxable acres
  • FSA records indicate 35.11 NHEL cropland acres
  • Productivity Index (PI): 140.4 (Class A)
  • Soil types include Osco, Plano and Lawson
  • Access along the south side from Comly Rd and along the west side from Klinger Rd

Method and Terms

All 6 tracts will be sold on a price per acre basis. Tracts 1, 2 and 6 will sell based on the taxable acres, and Tracts 3, 4 & 5 will sell based on the soon to be completed surveyed acres. Tract 1 will sell first, then Tracts 2 - 6 will be offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts then the remaining tract(s) will be offered and this will continue until all of the tracts have been elected. At the conclusion of the auction the tracts will NOT be offered together or in their entirety

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before September 15, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only. The land sells free of any tenancy for 2023.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

Aerial Tour

Plat Maps

Aerial Maps

SOIL MAPS

Photos

Citizens State Bank Land Trust, Et Al. - Seller

 

Representing Attorney:

David D. Shockey, Esq.
Shockey & Cox, LLC
Attorneys & Counselors at Law
208 West Stephenson Street, Suite 101
Freeport, IL 61032
Phone: (815) 235-2507
Fax: (815) 235-4597
Email: dave@shockeyandcox.com

 

Auction Manager:

Kevin Haas (309) 264-7767