Hancock County, IL Land Auction – Gronewold

Tuesday, October 18, 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

SOLD!

TRACT 1 – $13,100 PER ACRE 

TRACT 2 – $9,600 PER ACRE 

 

TOTAL – $1,854,067.00

Location

Hancock County, Illinois

The Gronewold farms are located approximately 4 miles southeast of Hamilton, IL and are further described as being located in Sections 11 & 14, T4N • R8W, Wythe Township, Hancock County, IL.

Seller

Max & Elaine Gronewold

Managed By

Michael Sullivan (309) 333-0916

Jim Sullivan (217) 440-8172

general Information

161.57 Acres±  • 2 Tracts

Tract 1 represents Class A, pattern tiled, tillable farmland.  Tract 2 represents productive, pattern tiled, tillable farmland.  Both tracts sell free & clear for the 2023 crop year.

Tract Information

Tract 1  • 86.57 Surveyed Acres

  • FSA figures indicate 84.46 acres of cropland currently in row crop production
  • Productivity Index (PI): 133 (Class A)
  • Productive soil types include Ipava, Osco, Clarksdale, Assumption, Keller, Elco & Rubio
  • Pattern tiled (see website for map)
  • Access is along the east side by N County Road 1200

 

Tract 2 • 75 Taxable Acres

  • FSA figures indicate 65.58 acres of cropland currently in row crop production
  • Productivity Index (PI): 110.2
  • Soil types include Keller, Clarksdale, Fishhook-Atlas, Ipava & Buckhart
  • Pattern tiled (see website for map)
  • Access is along the east side by N County Road 1200 & along the north side by E County Road 1050

 

Method & Terms

The tracts will be sold on a price per acre basis.  Tract 1 will sell based on surveyed acres.  Tract 2 will be sold based on taxable acres. Each tract will be sold individually. 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 Friday, November 18, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Possession will be given at the time of closing, subject to the removal of the crops.  The tracts sell free & clear for the 2023 crop year.

Bidding is NOT subject to the following 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”.

 

Max & Elaine Gronewold - Sellers

 

Representing Attorney:

TJ Werner | Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP

524 N. Main Street, Burlington, Iowa  | (319) 754-7585

 

Auction Manager:

Michael Sullivan (309) 333-0916

Jim Sullivan (217) 440-8172