Coles County, IL Land Auction – Ring

Wednesday, December 14, 2022 - 1:00 pm 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

Coles County, Ilinois

The Ring farm is located approximately 3 miles northeast of Humboldt, IL, or 15 miles northwest of Charleston, IL. The property is further described as being located in Section 26, T14N-R8E, Humboldt Township, Coles County, IL.

Seller

Toby & Kristy Ring

Managed By

David Smith (217) 841-0821

General Information

40.66 Taxable Acres±  • 1 Tract

The Ring Farm represents highly productive Class A soil.

Farmers and investors be sure to check out this Coles County, IL Class A farm.

Tract Information

40.66 Taxable Acres±

  • FSA map indicates 39.24 NHEL cropland acres
  • Productivity Index (PI): 139.1 (Class A)
  • Soil types include Drummer-Milford and Flanagan
  • Access from the west off N Co Rd 1000 E and from the south off E County Rd 1700 N

 

Yield History

2019 - Beans • 58 bu/acre

2020 - Corn • 192 bu/acre

2021 - Beans • 62 bu/acre

2022 - Corn • 238 bu/acre

 

Method & Terms

The farm will be sold on a price per acre basis, based on 40.66 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 Friday, January 13, 2023. 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. Possession will be given at the time of closing, subject to a 2022 crop tenancy only. The farm sells free and clear for the 2023 crop year.

Bidding is NOT subject to the following 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”.

 

Plat Map

Aerial Map

SOIL MAP

Subject Photos

Toby & Kristy Ring

 

Representing Attorney:

Hannah E. Wince  |  Klaus, LeFebvre & Wince LLP

7 N. Main St., Villa Grove, IL 61956  |  (217) 832-3701

 

Auction Manager:

David Smith (217) 841-0821