Iroquois County, IL Land Auction – Hobbs

Friday, September 16, 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 – $7,150 PER ACRE

TRACT 2 – $4,250 PER ACRE 

TRACT 3 – $8,900 PER ACRE

TRACT 4 – $8,900 PER ACRE

TRACT 5 – $11,400 PER ACRE

 

TOTAL – $4,965,301.50

Location

Iroquois County, Illinois

Land is located in Sections 21 & 28, T27N•R13W, Iroquois Township, and Section 2, T24N•R13W, Fountain Creek Township, Iroquois County, IL.

Seller

Betty (Kampe) Hobbs Estate

Managed By

Kevin Haas (309) 264-7767

General Information

606.28 Surveyed and Taxable Acres± • 5 Tracts

Location & General Information

Tracts 1 - 4 are located approximately 3 miles northeast of Crescent City, IL, or 7 miles northwest of Watseka, IL, in Sections 21 & 28, T27N-R13W, Iroquois Township, Iroquois County, IL.

Tract 5 is located 5 miles east of Cissna Park, IL, or 12 miles northwest of Hoopston, IL, in Section 2, T24N- R13W, Fountain Creek Township, Iroquois County, IL.

The land contains a total of 606.28 Surveyed and Taxable Acres± and will be sold in 5-tracts, which represent productive farmland and outdoor recreational land. Farmers, investors and hunters, be sure to check out these Iroquois County properties.

Tract Information

TRACT 1 - 151.66 SURVEYED ACRES

  • FSA records indicate 99.25 NHEL cropland acres
  • Soil Productivity Index (PI): 116.9 (tillable acres)
  • Soil types include Del Rey, Swygert, Bryce and Tice
  • Balance of the acres is mature timber
  • Excellent hunting, outdoor recreational opportunities and building sites
  • Improvements include:
  • 56’ x 72’ pole building with concrete floor
  • 2) grain bins with dryers & fans (approx 30,000 bu total capacity)
  • Road access along the south side from E 2000 N Rd

TRACT  2 - 106.47 SURVEYED ACRES

  • FSA records should indicate 48.23 NHEL cropland acres (split field)
  • Soil Productivity Index (PI): 116.5 (tillable acres)
  • Soil types include Del Rey, Bryce and Tice
  • Balance of the acres is mature timber and pastureland
  • Excellent hunting, outdoor recreational opportunities and building sites
  • Road access along the south side from E 2000 N Rd

TRACT  3 - 101.19 SURVEYED ACRES

  • FSA records should indicate 99 NHEL cropland acres
    (split field)
  • Soil Productivity Index (PI): 118.5 (tillable acres)
  • Soil types include Bryce, Swygert and Del Rey
  • Nearly all-tillable, productive farmland
  • Road access along the south side from E 2000 N Rd and along the east side from N 1600 E Rd

TRACT  4 - 115 TAXABLE ACRES 

  • FSA records indicate 115.81 NHEL cropland acres 
  • Soil Productivity Index (PI): 117.4 (tillable acres)
  • Soil types include Bryce, Rowe and Swygert 
  • Nearly all-tillable, productive farmland
  • Road access along the north side from E 2000 N Rd and along the east side from N 1600 E Rd

TRACT  5 - 131.96 TAXABLE ACRES 

  • FSA records indicate 126.07 NHEL cropland acres 
  • Soil Productivity Index (PI): 130.6 (tillable acres)
  • Soil types include Martinton, Comfrey and Milford
  • Balance of the acres is a drainage ditch with trees 
  • Road access along the south side from E 500 N Rd

Method & Terms

The tracts will be sold on a price per acre basis, based on either the taxable or surveyed acres.  Tracts 1 - 4 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, then the remaining tract(s) will be offered.  This will continue until all of the tracts have been elected. We will then sell Tract 5. 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 October 17, 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. The 2023 and all subsequent real estate taxes will be the responsibility of the buyer. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The property sells free and clear of tenancy for 2023.

Bidding is NOT subject to the 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

Survey Map - Tracts 1-3

FSA INFORMATION

REAL ESTATE TAX INFORMATION

Tract 1 - PIN 18-21-300-003 - 150.89 A - $2420.32
Tracts 2 & 3 - PIN 18-21-400-003 - 203.35 A - $3943.48
Tract 4 - PIN 18-28-100-002 - 35.0 A - $923.88
Tract 4 - PIN 18-28-200-001 - 80.0 A - $1954.94
Tract 5 - PIN 39-02-300-010 - 131.96 A - $4533.86

Plat Maps

Aerial Maps

SOIL MAPs

Photos

Betty (Kampe) Hobbs Estate - Seller

 

Representing Attorney:
Andrew S. Gutwein  |  Gutwein Law
250 Main St. #590, Lafayette, IN 47901  |  765-423-7900
andy.gutwein@gutweinlaw.com

 

Auction Manager:
Kevin Haas (309) 264-7767