Hancock County, IL Land Auction – Shaffer

Thursday, February 17, 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

SOLD!

TRACT 1 – $14,300 PER ACRE

 

TOTAL – $1,014,871.00

Location

Hancock County, Illinois

Seller

Gary L. Shaffer & Janet B. Shaffer Revocable Trusts

Managed By

Michael Sullivan (309) 333-0916

REPRESENTING ATTORNEY

Tom Hartzell  |  Tucker, Hartzell, & Bryant

608 Wabash Ave.  |  Carthage, IL 62321

Phone (217) 357-3121

Location & General Information

The Shaffer farm is located near the Hancock/Adams County line at the west edge of Stillwell, IL along E County Rd. 150.  The farm is further described as being located in Section 27, T3N - R7W, St. Albans Township, Hancock County, IL.  The farm represents productive, system tiled, tillable farmland.

Tract Information

70.97 Taxable Acres - 1 Tract

  • FSA figures indicate 70.09 acres of NHEL cropland currently in row crop production
  • Crop Productivity Index (PI) Rating: 124.2
  • Productive soil types include Timewell, Clarksdale, Virden, Fishhook & Rubio
  • System Tiled (see website for map)
  • Sells with cash rent agreement for the 2022 crop year only
  • Access is along the south side by E County Rd. 150

Real Estate Tax Information

PIN 23-27-201-001 - 70.97 acres - $1,819.82

Method & Terms

The farm will be sold on a price per acre basis, based on 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 Thursday, March 17, 2022. 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 will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only - the new buyer will receive 100% of the cash rent income - contact auction company for details.

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”.

Aerial Tour

Plat Map

Aerial Map

Tile Map

SOIL MAP

Photos