SOLD! $8,100.00 PER ACRE
80 Acres± – 1 Tract
Thursday, November 8, 2018 at 2:00 P.M.
Auction to be held at Sullivan Auction Site, 1.5 miles east of Hamilton, IL along Hwy 136.
LOCATION & GENERAL INFORMATION
The Launer farm is located 3 miles north of Elvaston, IL and is further described as being located in the South Half of the Northeast Quarter of Section 7, T5N – R7W, Prairie Township, Hancock County, IL.
- FSA figures indicate 75 acres of cropland currently in row crop production
- The balance is in well maintained waterways
- PI Rating: 134.6
- Productive soil types include Ipava, Rubio, Keller & Buckhart
- Access is along the east side by N County Rd 1400
METHOD & TERMS
The Launer farm will be sold on a price per acre basis, based on 80 taxable acres. Immediately following the auction, the successful buyer(s) will be required to enter into a written Purchase Agreement with the sellers and pay 10% of the bid price. The balance of the bid price will be due at the time of closing, scheduled on or before Tuesday, January 8, 2019. An owner’s policy of title insurance in the full amount of the purchase price will be provided by the seller. Purchase Agreement may be inspected prior to the auction by contact the attorney for the sellers, Thomas F. Hartzell (217) 357-3121. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller based upon the most recent available tax statement. The 2019 real estate taxes & subsequent years will be paid by the new buyer. Full possession will be given at the time of closing, subject only to the current tenant in possession for the 2018 crop year. Farm sells free and clear for 2019.
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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Auction Manager: Michael Sullivan (309) 333-0916
Eldon & Doris Launer
Thomas F. Hartzell
Hartzell, Tucker & Hartzell
608 Wabash Ave., Carthage IL 62321