Stark & Henry County, IL Land Auction – Fargher

Fargher Cal 2

Thursday, December 09, 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

Location

Stark & Henry County, Illinois

Tract 1 is located 2 miles west of Toulon, IL at the junction of Hwy 78 & 17.  This tract is further described as being located in Section 22, T13N•R5E, Goshen Township, Stark County, IL.
Tract 2 is located at the southwest edge of Kewanee, IL along N 500th Ave.  This tract is further described as being located in Section 5, T14N•R5E, Wethersfield Township, Henry County, IL.

Fargher Cal 2

Seller

Gregory S. & Kathy J. Fargher

Managed By

Michael Sullivan (309) 333-0916

General Information

Tract 1 contains 218 Acres± and has a PI Rating of 132.7 (Nearly Class A).  Tract 2 contains 54 Acres± and has a PI Rating of 135 (Class A).  Both tracts are nearly 100% tillable and sell free & clear for the 2022 crop year.

tract Information

Tract 1 • Stark County, IL

218.24 Taxable Acres

  • FSA figures indicate 211.64 acres of cropland, of which, 203.34 acres are currently in row crop production. The remaining 8.3 acres of cropland are enrolled in a CRP waterway at a payment rate of $244 per acre for an annual payment of $2,025.  This contract runs through 9/30/2028.
  • Soil Productivity Index (PI) Rating: 132.7
  • Productive soil types include Osco, Radford, Assumption & Ipava
  • Sells free & clear for the 2022 crop year
  • Access is along the north side by State Route 17 & along the west side by State Route 78

 

Tract 2 • Henry County, IL

57.43 Surveyed Acres

  • FSA figures indicate 53.71 acres of NHEL cropland currently in row crop production
  • Soil Productivity Index (PI) Rating: 135 (Class A)
  • Productive soil types include Osco, Greenbush & Ipava
  • Fall applied fertilizer - check website for information
  • Sells free & clear for the 2022 crop year
  • Access is along the south side by N 500th Ave.

Seller has been approached by Nexamp Solar about a possible solar farm on this tract. Click here for proposal from Nexamp. Seller will leave it up to the buyer to decide. 

Method & Terms

Both tracts will sell on a price per acre basis. Tract 1 will sell based on taxable acres. Tract 2 will sell based on a 2018 survey.  Each tract will be sold individually.

Immediately following the auction, the successful buyer(s) 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 Thursday, January 13, 2022. 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. 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, 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”.

Aerial Tour

Plat Map - Tract 1 (Stark County, IL)

Aerial Map - Tract 1

SOIL MAP - Tract 1

Plat Map - Tract 2 (Henry County, IL)

Aerial Map - Tract 2

SOIL MAP - Tract 2

Gregory S. & Kathy J. Fargher - Seller

 

Representing Attorney:

Anne Rennick

Rennick & Rennick

120 E. Williams St.

Wyoming, IL 61497

Phone (309) 695-4701

 

Auction Manager:

Michael Sullivan (309) 333-0916