Warren County, IL Land Auction – Smith

Smith Calendar

Monday, December 19, 2022 - 11:00 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

Location

Warren County, Illinois

Smith Calendar

Seller

Betty Smith Estate

Linda Schafft | Sandra Linsenmeyer | Barb Finch | Trina D. Barry

Managed By

Brandt Henness (309) 224-4276

Michael Sullivan (309) 333-0916

Location & General Information

96 Acres± • 2 Tracts

The Betty Smith Estate farm is located approximately 5 miles northwest of Roseville, IL or 17 miles southwest of Monmouth, IL. The property is further described as being located in Sections 20, 21 and 28, T9N-R3W, Ellison Township, Warren County, Illinois. The real estate contains a total of 96 acres (subject to survey) and will be sold in 2 tracts. Tract 1 represents highly productive Class A soil. Tract 2 represents a combination of fenced pasture, timber, and is improved with a 2-story country home and outbuildings in need of repair. Farmers and outdoor enthusiast, be sure to check out this Warren County, Illinois property.

Tract Information

Tract 1 • 84 Acres (Subject to Survey)

  • FSA map indicates 82.22 NHEL cropland acres
  • Productivity Index (PI): 137.5 (Class A)
  • Soil types include Muscatune, Rozetta, Osco, Atterberry, Greenbush and Hickory
  • Access from the south off 80th Ave.

Tract 2 • 12 Acres (Subject to Survey)

  • FSA map indicates 3.5 NHEL cropland acres
  • Productivity Index (PI): 122.8
  • Soil types include Osco, Fayette, Elco and Hickory
  • Access from the east off 26th St. and 80th Ave.
  • Improved with a 2-story country home and outbuildings in need of repair
  • The balance of this tract represents fenced pasture and timber providing excellent recreational opportunities

Method & Terms

The Smith farm will be sold in two (2) individual tracts. Both tracts will be surveyed. Tract 1 will sell first on a price per acre basis. Tract 2 will sell second for a lump sum total dollar amount.

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 January 12, 2023. Seller will pay the 2022 real estate taxes, due and payable in 2023. The buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at the time of closing, subject to the current farm tenancy for the 2022 crop year only. The farm sells free & clear for the 2023 crop year.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on 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.”

FSA Information

Plat Map

Aerial Map

SOIL MAP

Tract 1 Photos

Betty Smith Estate

Linda Schafft | Sandra Linsenmeyer | Barb Finch | Trina D. Barry

 

Representing Attorney:

Marcum Spears  |  Spears & Spears

201 W. Broadway, Monmouth, IL 61262

(309) 299-6400

 

Auction Managers:

Brandt Henness (309) 224-4276

Michael Sullivan (309) 333-0916