Mercer County, Illinois Land Auction

Tuesday, September 14, 2021 - 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 – $7,750 PER ACRE

TOTAL – $930,000.00

Location

1145 Swan Lake Road, New Boston, IL 61272

The Sedam farm contains 120± deeded acres and will be sold in 1-tract. The farm is located approximately 5 miles northwest of New Boston, IL (20 miles southeast of Muscatine, IA., 45 miles southwest of the Quad Cities, or 50 miles northwest of Galesburg, IL). The property is further described as being located in the Southeast Quarter of Section 4, T14N-R6W, New Boston West Township, Mercer County, IL.

Seller

The Sedam Family

Managed By

Dale Jones (309) 299-6400

General Information

120 Acres± • 1 Tract

Property Preview: Friday, September 3rd 10:00 A.M. – 4:00 P.M.

This is a productive, nearly all tillable Bay Island farm with a modern Morton building for machine storage, grain storage, a small home and other outbuildings.  Also selling a small line of older farm machinery along with some collectibles and household items.

Tract Information

  • 120± deeded acres
  • FSA maps indicate 115.98 cropland acres
  • Soil Productivity Index (PI): 122.2
  • Predominate soils include Titus, Beaucoup
  • Tile and other conservation measures installed
  • High percentage tillable, productive farm
  • Improvements: Morton machine shed, (2) grain bins, a nicely built 1-story home, an older 2-story farm home, other smaller outbuildings.
  • Swan Lake Rd. borders the farm on the west side of the large field and on the east side of the smaller field.

Aerial Tour

Method & Terms

The Sedam farm will be sold by the acre on the basis of 120 deeded 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 October 15, 2021. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Possession at closing subject to the existing crop tenancy for the 2021 crop year only.

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

Tax & FSA Information

Photos

The Sedam Family

Chester Sedam, Clark Sedam, Lola Sedam, Joe Gluba, Sherry Lee Schroeder, Bonnie Balmer

 

Representing Attorney:

Karl A. Bredberg

2020 SE 3rd St.

Aledo, IL 61231

Phone: (309) 582-5327

 

Auction Manager: Dale Jones (309) 299-6400

 

Click here for the Sedam Family Personal Property Auction