Vermilion County, IL Land Auction – Long

Monday, December 12, 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

Location

Vermilion County, Illinois

The Long Family farm is located approximately 2 miles west of Collison, IL, or 20 miles northwest of Danville, IL. The land is further described as being located in Section 27, T21N-R14W, Pilot Township, Vermilion County, IL.

Seller

Long Family Farm

Managed By

Kevin Haas (309) 264-7767

General Information

80 Taxable Acres± • 1 Tract

The property contains a total of 80 taxable acres, will be sold in 1 tract, is improved with a wind turbine and represents productive tillable cropland.

Farmers and investors, be sure to check out this Vermilion County, Illinois property.

Tract Information

  • 80. 0 taxable acres
  • FSA map indicates 79.55 NHEL cropland acres
  • Productivity Index (PI): 124.3
  • Soil types include Ashkum, Elliott, Varna and Symerton
  • Improved with a wind turbine:
    • Most recent annual payment: $10,818
    • 25 year contract with a 10 year extended term option
    • Invenergy California Ridge Wind Farm
    • See website for more contract details
  • Access along the south side from E2600N Rd and along the west side from County line Rd

Method & Terms

The real estate will be sold on a price per acre basis, based on 80 taxable acres.

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 January 12, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 taxes, due and payable in 2023. Buyer will be responsible for all subsequent real estate taxes. Possession will be given at closing subject to the current tenancy for the 2022 crop year only. Open tenancy for 2023 and beyond.

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”.

SOIL TEST RESULTS

pH - 6.3
P -  63#/A
K - 365#/A

REAL ESTATE TAX INFORMATION

PIN 11-27-300-005 - 79.61A - $2366.40
PIN 11-27-300-006 - 0.39A - Paid by wind energy company

Wind Energy Agreements

FSA INFORMATION

Please Note:  This information includes acres that are not involved in this auction.

Aerial Tour

Plat Map

Aerial Map

SOIL MAP

Subject Photos

Long Family Farm

 

Representing Attorney:

Matthew J. Cate | Barber, Segatto, Hoffee, Wilke & Cate

831 E. Monroe Street, Springfield, IL 62701 | matthewcate@barberlaw.com

Phone 217-544-4868 | Fax 217-544-5225

 

Auction Manager:

Kevin Haas (309) 264-7767