Coles County, IL Land Auction – Smith

Smith calendar_new-Layout 1

Monday, November 29, 2021 - 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, Illinois

315.04 Acres± • 4 Tracts

The Kevin Smith & Kenin Smith real estate is located approximately 3 miles southwest of Oakland, IL, or 15 miles northeast of Charleston, IL or 20 miles west of Paris, IL. The land is further described as being located in part of Sections 2, 26 & 35 of East Oakland Township, Coles County, Illinois.

Smith calendar_new-Layout 1

Seller

Kevin Smith & Kenin Smith

Managed By

Kevin Haas

(309) 264-7767

General Information

Tract 1 – 78.17 taxable acres
Tract 2 – 80.0 taxable acres
Tract 3 – 115.0 taxable acres
Tract 4 – 41.87 taxable acres

The farm contains a total of 315.04 taxable acres, will be sold in 4-tracts and represents mostly productive, tillable farmland with some wooded acres which offers outdoor recreational opportunities

Location

Tract 1 • 78.17± Taxable Acres

  • FSA records should indicate approximately 74 cropland acres (split field)
  • Additional 1.7 acres of CRP with an annual payment of $546 which expires 9-30-2023
  • Soil Productivity Index (PI): 129.1
  • Soil types include Drummer, Xenia and Fincastle
  • Access along the north side from E1750 North Rd, along the east side from N2300 East Rd, and along the south side from E1700 North Rd

 

Tract 2 • 80± Taxable Acres

  • FSA records should indicate approximately 67.5 cropland acres (split field)
  • Additional CRP acres:
    • 0.40 acres with an annual payment of $128 which expires 9-30-2025
    • 0.86 acres with an annual payment of $231 which expires 9-30-2025
    • 2.51 acres with an annual payment of $546 which expires 9-30-2025
  • Soil types include Fincastle, Xenia and Drummer
  • Road access along the south side from E1700 North Rd
  • There is a secluded patch of timber located in the NW corner of Tract 2 which offers excellent outdoors and hunting opportunities

 

Tract 3 • 115± Taxable Acres

  • FSA records indicate 58.02 cropland acres
  • Additional 7.79 CRP acres with an annual payment of $1751 which expires 9-30-2025
  • Soil Productivity Index (PI): 123.0
  • Soil types include Drummer, Xenia and Fincastle
  • This tract contains an older pole barn building
  • The balance of this tract is mature timber which offers excellent outdoors recreational opportunities with deer and turkey abundant
  • Road access along the north side from E1700 North Rd and along the east side from N2300 East Rd

 

Tract 4 • 41.87± Taxable Acres

  • FSA records indicate 36.89 cropland acres
  • Additional CRP acres to include:
    • 0.53 acres with an annual payment of $124 which expires 9-30-2025
    • 0.73 acres with an annual payment of $159 which expires 9-30-2025
  • Soil Productivity Index (PI): 119.3
  • Soil types include Fincastle and Xenia
  • Road access along the east side from N2300 East Rd

Aerial tour

Method & Terms

All 4-tracts of the Smith real estate will be sold by the acre and based on the taxable acres. All 4 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 4 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 will be required to sign a real estate sales contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, which will be held in escrow until closing. The balance of the bid price will be due at the time of closing on or before December 29, 2021. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price. The seller will pay the 2021 real estate taxes due and payable in 2022. The property sells subject to the current crop year tenancy but free and clear of tenancy for the 2022 crop year. Possession will be given at the time of closing subject to any remaining crop tenancy for 2021.

 

All announcements sale day shall take precedence over any 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 pertaining to the property. The real estate is being sold “As Is”.

Plat Map

Aerial Maps

SOIL MAPs

Photos - Tract 1

Photos - Tract 2

Photos - Tract 3

Photos - Tract 4

Kevin Smith & Kenin Smith

 

Representing Attorney:

Robert E. Kosic
Law Office of Kosic & Stout, P.C.
130 N. Locust Street
P. O. Box 112
Arcola, IL 61910
(217) 268-3609

Auction Manager:
Kevin Haas (309) 264-7767