Woodford County, IL Land Auction – Faulk-Bogar

Monday, November 28, 2022 - 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!

TRACT 1 – $19,200 PER ACRE

TRACT 2 – $17,100 PER ACRE

 

TOTAL – $881,154.00

Location

Woodford County, Illinois

The Faulk & Bogar farm is located approximately 6 miles north of El Paso, IL, or 23 miles north of Normal, IL. The land is further described as being located in Sections 7 & 17, T27N-R2E, Panola Township, Woodford County, IL.

Seller

Faulk & Bogar Farm
Ken Faulk | Randy Faulk
Jerry Faulk | Eilene Bogar

Managed By

Kevin Haas (309) 264-7767

General Information

47.72 Taxable Acres± • 2 Tracts

The property contains a total of 47.72 taxable acres and will be sold in 2 tracts. Both tracts represent highly productive tillable cropland with Class A soils.

Farmers and investors, be sure to check out these ideally located Woodford County, IL properties.

Tract Information

TRACT 1 - 31.02 Taxable Acres

  • FSA maps indicate 29.89 NHEL cropland acres
  • Productivity Index (PI): 141.9 (Class A)
  • Soil types include Elpaso, Catlin, Flanagan and Graymont
  • Access along the north side from CR 1600N and along the east side from State Rt 251

TRACT 2 - 16.70 Taxable Acres

  • FSA maps indicate 16.8 NHEL cropland acres
  • Productivity Index (PI): 139.5 (Class A)
  • Soil types include Elburn, Blackberry, Catlin, Jasper and Colo
  • Access along the north side from CR 1500N and along the west side from State Rt 251

Method & Terms

Both tracts will be sold on a price per acre basis, based on taxable acres.  Both tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 December 27, 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. Buyer will be responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy for 2022. The farm sells free & clear of crop tenancy for the 2023 crop year.

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

YIELD HISTORY

Tract 1 & 2
2022 Beans 64 BPA
2021 Beans 70 BPA
2020 Corn 205 BPA - severe wind damage
2019 Beans  66 BPA
2018 Corn 242 BPA

SOIL TEST RESULTS

Tract 1 & 2
pH - 6.7
P  - 90#/A
K  - 395#/A

REAL ESTATE TAX INFORMATION

Tract 1
PIN 12-07-200-007 - 31.02A - $1717.36
Tract 2
PIN 12-17-100-012 - 14.58A - $750.76
PIN 12-17-100-009 - 2.12A - $109.52

FSA INFORMATION

Plat Map

Aerial Map

SOIL MAP

Subject Photos

Faulk & Bogar Farm

Ken Faulk | Randy Faulk
Jerry Faulk | Eilene Bogar

 

Representing Attorney:

James Stoller  |  Stoller Law Office

15 W Front Street, El Paso, IL 61738  | ( 309) 527-4300

 

Auction Manager:

Kevin Haas (309) 264-7767