HANCOCK COUNTY, IL LAND AUCTION - THIE

Tract 1 – 81.98 surveyed acres

• FSA figures should indicate 80.1 acres of NHEL cropland
• Muscatune, Sable, and Virden soils with a PI of 144.1 (Class A!)
• Improvements include 3 grain bins (1 - 5,500 bushel with Shivers system and 2 - 6,500 bushel) and an open front storage building.
• This tract was pattern tiled in 2002 on 40’ spacing! Tile map available.
• Access on the south by East County Road 2200

Tract 2 – 81.55 surveyed acres

• FSA figures should indicate 81.2 acres of NHEL cropland
• Muscatune, Ipava, and Virden soils with a PI of 139.6 (Class A!)
• Access on the south by East County Road 2200

Tract 3 – 53.51 surveyed acres

• FSA figures should indicate 52.5 acres of NHEL cropland
• Ipava, Virden, and Shilo soils with a PI of 139.2 (Class A!)
• This tract was pattern tiled in 2002 on 40’ spacing. Tile map available.
• Access on the north by East County Road 2200 and on the west by North County Road 2550

Tract 4 – 26.48 surveyed acres

• FSA figures should indicate 25.58 acres of NHEL cropland
• Ipava, Virden, and Shilo soils with a PI of 132.5
• Access on the west by North County Road 2550 and on the south by East County Road 2150

Tract 5 – 1.71 surveyed acres

• 1400 sq ft, 1 ½ story country home
• New HVAC system in 2022 with central air and high efficiency LP furnace
• 4 bedrooms; 1 bath
• Full basement; new electric water heater
• Roof has recently been replaced
• WIEC Electric, Dallas Rural Water, LaHarpe Telephone/Fiber
• This tract is also improved with a 2 car 24’ x 30’ detached garage.

Tracts 1-4 of the Thie farm will be sold on a price per acre basis, based on surveyed acres, and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. Tract 5 will then be sold for a lump sum total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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 December 20, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes. Farm sells free and clear for 2024 farming rights. Possession at closing, subject to the current farm tenant’s rights 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 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”.