Mercer County, IL Land Auction – Sproston

Monday, December 05, 2022 - 11:30 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

Mercer County, Illinois

The Rosalee Sproston farm is located approximately 5 miles northeast of Aledo, IL or 25 miles southwest of Rock Island, IL and is further described as being located in Sections 34 & 35, T15N • R5W, Perryton Township, Mercer County, IL.

Seller

Rosalee Sproston Estate
Thomas Sproston and Mark Sproston, Co-Executors

Managed By

Dale Jones: (309) 299-6400

General Information

191.22 Surveyed Acres • 2 Tracts

Tract 1 represents productive tillable farmland.  Tract 2 represents productive, tillable farmland, fenced pasture and wooded areas.  Both tracts sell free & clear for the 2023 crop year.

Auctioneer's Note

Check out the Sproston Personal Property Auction for more information about the personal Property.

Tract Information

Tract 1 • 150.85 Surveyed Acres

  • FSA figures should indicate 144.66 acres of cropland currently in row crop production
  • Productivity Index (PI): 113.4
  • Productive soil types include Muscatune, Sylvan, Hickory, Greenbush, Fayette, Osco, Rozetta, Atterberry, Elco-Atlas and Marseilles.
  • Land represents high percentage tillable, productive cropland.
  • The east side of this tract contains nearly 60 acres of Class A soil!
  • Access is along the south side by 120th Ave and the east by 200th St.

Tract 2 • 40.37 Surveyed Acres

  • FSA figures should indicate 19.3 acres of cropland currently in row crop production
  • Productivity Index (PI): 123.5
  • Soil types include Greenbush, Osco and Marseilles
  • Land represents tillable, productive cropland, fenced pasture and wooded areas with recreational potential.
  • Access is along the west side by 200th St.

Method & Terms

The tracts will be sold on a price per acre basis, based on a soon to be completed survey.  Both tracts will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) either or both of the 2 tracts for their high bid. “Buyers Choice” auctioning will continue until both tracts have been elected. The tracts will not be offered in their entirety at the end of the auction.

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, January 5th, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Possession will be given at the time of closing, subject to the removal of the crops.  The tracts sell free & 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”.

Aerial Tour

Plat Map

Aerial Map

Survey Map

SOIL MAP

Subject Photos

Rosalee Sproston Estate

Thomas Sproston and Mark Sproston, Co-Executors

 

Representing Attorney:

Karl Bredberg  |  Katz Nowinski, P.C.

Po Box 208, 2020 SE 3rd St, Aledo, IL, 61231-0208  |  (309) 582-5327

 

Auction Manager:

Dale Jones: (309) 299-6400