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  • STARTAug 26th - 1:00pm

  • VENUE

Mason County, Illinois Land Auction

Thursday, August 26, 2021 at 1:00 P.M.

321 Acres± (subject to survey) • 3 Tracts

Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.


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The Mary Schulte Trust and Herman B. Schulte Trust land contains 321 acres (subject to survey) and will be sold in 3 tracts. All 3 tracts are located approximately 1 mile west of Easton, Il, or 8 miles west of Mason City, or 12 miles east of Havana (40 miles north of Springfield/45 miles south of Peoria, IL). The property is further described as being located in part of Sections 26, 27 and 34, T21N-R7W, Sherman Township, Mason County, IL.

Farmers and investors, be sure to check out the Schulte farm which represents nearly all tillable, highly productive farmland.


PLAT MAP

AERIAL MAP

SOIL MAPS

TRACT INFORMATION

TRACT 1 – 206 Acres (subject to survey)

• FSA maps should indicate 198.06 cropland acres (NHEL)

• Soil Productivity Index (PI): 126.4

• Soil types include: Harpster, Hooppole, Marshan and Selma

• Crane Creek Central Ditch borders this tract on the west side

• East County Road 1200N borders the property on the south side

 

TRACT 2 – 63 Acres (subject to survey)

• FSA maps indicate 58.68 cropland acres (NHEL)

• Soil Productivity Index (PI): 127.6

• Soil types include: Harpster and Marshan

• Crane Creek Central Ditch borders this tract on the west side

• East County Road 1200N borders the property on the north side

 

TRACT 3 – 52 Acres (subject to survey)

• FSA maps indicate 45.48 cropland acres (NHEL)

• Soil Productivity Index (PI): 118.2

• Soil types include: Marshan and Gilford

• Crane Creek Central Ditch borders this tract on the east side

• Access is from the south off East County Road 1200N

 

METHOD & TERMS

A survey will be completed prior to the auction on all 3 tracts and each tract will be sold by the acre based on the surveyed acres. All 3 tracts will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. “Buyer’s Choice” auctioning will continue until all 3 tracts have been elected. The tracts will not be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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 be on or before October 1, 2021. Possession will be given at the time of closing subject to the current 2021 farm lease. The seller is retaining all their interest in the 2021 growing crop.

The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers. The 2022 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection.

All announcements made sale day take precedence over 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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

 

Mary Schulte & Herman B. Schulte Trusts

Catherine Jayne Carney, Trustee

 

Representing Attorney:

Pamela E. Hart

Scott & Scott, PC

611 E. Monroe Street #200

Springfield, IL 62701

(217) 753-8200

 

Auction Managers: John Sullivan (309) 221-6700 and Dan Sullivan (844) 847-2161

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Details

Date:
August 26
Time:
1:00 pm - 11:55 pm
Categories: