Douglas County, Illinois Land Auction

Friday, September 10, 2021 - 1:00 pm 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

SOLD!

$17,000 PER ACRE

TOTAL – $1,360,000.00

Location

Douglas County, Illinois

The Krone farm is located approximately 1 mile west of Arcola, IL. From Arcola, take Highway 133 west approximately 1 ½ miles to N County Road 700E, then south a short distance to the farm. The property is further described as being located in the South Half of the Northeast Quarter of Section 6, T14N-R8E, Arcola Township, Douglas County, IL. Arcola is located approximately 35 miles south of Champaign or 40 miles east of Decatur, IL.

Seller

David A. Krone

Managed By

Kevin Haas (309) 264-7767

Dan Sullivan (319) 795-1833

General Information

80 ACRES ±  •  1 TRACT

FSA Information

Yield History

Tract Information

• 80 taxable acres

• FSA information indicates 81.08 cropland acres

• Soil Productivity Index (PI): 139.9 (Class A)

• Soil types include: Drummer, Elburn and Flanagan

• North County Road 700E borders the farm along the east side

• Farmers and investors, be sure to check out this 100% tillable, Class A soil farm

Most recent tax bill information

PIN 01-14-06-200-002
$4180.04
80.0 acres

Aerial Tour

Method and Terms

The Krone farm will be sold by the acre on the basis of 80 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 Friday, October 15, 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. The property sells subject to the current crop year tenancy but free and clear of tenancy for the 2022 crop year. The buyer, after closing, may enter the farm for the purpose of tillage. Possession will be given at the time of closing subject to the current 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”.

Plat Map

Krone-plat-1024x501

Aerial Map

Form Viewer

SOIL MAP

Photos

DAVID A. KRONE

 

Representing Attorney:

Robert Kosic

Law Office of Kosic and Stout

130 N Locust St.

PO Box 112

Arcola, IL 61910

217-268-3609

 

Auction Managers:

Kevin Haas (309) 264-7767

Dan Sullivan (319) 795-1833