80 Acres ± • 1 Tract
Tuesday, February 16, 2021 at 10:00 A.M.
SOLD! $12,400 PER ACRE
TOTAL – $992,000.00
Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.
Location & General Information
The Larry Hughes Farm is located approximately 5 miles northeast of El Paso, IL or 15 miles north of Bloomington/Normal, IL. The land is further described as being located in the North Half (N1/2) of the Southeast Quarter (SE1/4) of Section 22, 27N-R2E, Panola Township, Woodford County, IL.
- The farm contains a total of 80 taxable acres
- FSA figures should indicate 78.41 cropland acres (nearly 100% tillable)
- Soil Productivity Index of 131.6 (Soil map online)
- Soil types include: Rutland, Streator and Peotone
- Enrolled in a wind energy lease agreement (Contact Auction Manager for details)
- Sells free and clear of crop tenancy for 2021
- County Road 3000E borders the farm on the east side
Method & Terms
The Hughes farm will be sold on a price per acre basis, based on 80 taxable acres. The farm will not be surveyed.
Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Friday, March 19, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, and inspection. The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2020 real estate taxes, due and payable in 2021, and the buyer will pay the 2021 & all subsequent real estate taxes. Possession will be given at the time of closing. The farm sells free & clear for the 2021 crop year.
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. This real estate is being sold “as is”.
Larry Hughes Estate
Timothy W. Kirk
Heyl, Royster, Voelker & Allen
300 Hamilton Boulevard
Peoria, IL 61602
Auction Manager: Kevin Haas (309) 264-7767