PLEASE NOTE: TRACT 4 WILL NOT BE SOLD AT THE AUCTION
358.6 SURVEYED ACRES • 4 TRACTS
FRIDAY, JUNE 17, 2016 AT 6:00 P.M.
SOLD! TRACT 1 – $11,000.00 PER ACRE
SOLD! TRACT 2 – $11,000.00 PER ACRE
SOLD! TRACT 3 – $7,750.00 PER ACRE
TOTAL – $2,560,130.00
AUCTION TO BE HELD AT THE STONEY CREEK INN, 3809 BROADWAY STREET, QUINCY, IL
CLICK HERE FOR SALE CATALOG:
LOCATION & GENERAL INFORMATION
Land is located in West Central Illinois at the east edge of the small community of Hull, Illinois. From Quincy, Illinois: Take Interstate 72 southeast approximately 20 miles to the Hull exit (Exit 10), then south a short distance to Highway 106. From Pittsfield, Illinois: Take Interestate 72 west approximately 30 miles to the Hull exit (Exit 10), then south a short distance to Highway 106. (Be watching for pre-sale directional and tract signs, which have been posted.)
All four tracts represent HIGHLY PRODUCTIVE tillable farmland with Coffeen, Wakeland, Vesser, Orion, Haymond and Lawson soils. Tract 2 is improved with 24,000 bu. of grain storage, a 54’x72′ Morton machine shed and other wood frame farm buildings!
This land has been owned and farmed by the Eddingfield family for over 100 years!
Most recently, the land has been farmed by Larry Moore and his wife, Sue (Eddingfield) Moore.
Sullivan Auctioneers, LLC will be conducting a farm machinery retirement auction for Larry and Sue Moore on Wednesday, August 3, 2016. Make plans to attend this auction which will offer some VERY NICE and WELL MAINTAINED late model farm equipment!
For additional information concerning the property, or to look at the farm buildings on Tract 2, contact John Borrowman at Pike County Real Estate, Inc. (217) 430-0645.
Tract 1 – 74.95 Surveyed Acres – 71.0 acres of cropland
Tract 2 – 76.71 Surveyed Acres – 74.5 acres of cropland
Tract 3 – 115.08 Surveyed Acres – 117.7 acres of cropland
Tract 4 – 91.86 Surveyed Acres – 92.2 acres of cropland
TRACT 4 WILL NOT BE SOLD
METHOD & TERMS
Bidding will be on a price per acre basis on all four tracts.
All four tracts have recently been surveyed. The acreages obtained from said survey will be used to calculate the final settlement price.
All four tracts will be auctioned through the marketing method of “Buyer’s Choice,” under which the high bidder can purchase Tract 1, 2, 3 or 4 (in any order) for their high bid. “Buyer’s Choice” auctioning will continue until all four tracts have been purchased. Bidders will NOT be able to place bids on the entire property based on the cumulative sum the individual tracts achieve through “Buyer’s Choice” auctioning.
Ten percent (10%) of the bid price to be paid on the day of sale, with the balance due at the time of closing which will be on September 1, 2016. Possession will be given at the time of closing, subject to a current farm lease for the 2016 crop year. Full possession on all four tracts will be given upon removal of the crops this fall.
Title Insurance will be issued in the full amount of the purchase price. The 2016 real estate & drainage taxes will be paid by the seller including the Sny Drainage District special assessment.
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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “AS IS”.
PHOTOS • TRACT 1
PHOTOS • TRACT 2
PHOTOS • TRACT 3
PHOTOS • TRACT 4
Land known locally as
“The Eddingfield Farm”
For additional information, contact Sullivan Auctioneers, LLC (844) 847-2161 or John Borrowman, Pike County Real Estate Inc., (217) 430-0645
Representing & Closing Attorney:
William E. Lowry
Lowry & Hoskin LLP
130 S Madison St.
Pittsfield, IL 62363
Additional information coming soon!