Hancock County, IL Land Auction – Foley

Foley Calendar

Tuesday, February 07, 2023 - 10:00 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

Hancock County, Illinois

Foley Calendar

Seller

Joan Foley Revocable Trust

Mark Foley & Sue Mulch – Co-Trustees

Managed By

Louie Zinn (319) 795-2314

Michael Sullivan (309) 333-0916

Open House

Tuesday, January 31 • 4:00 PM - 5:30 PM CT

Location & General Information

The Foley farm is located approx. 2 miles west of Plymouth, IL along the Denver-Plymouth blacktop and is further described as being located in Section 3, T3N - R5W, Augusta Township, Hancock County, IL. The tracts represent productive tillable farmland, improved pastureland, timber, potential building sites & a country home!

Tract Information

Tract 1 - 181.73 Surveyed Acres

  • FSA figures indicate this tract to be nearly 100% NHEL cropland acres
  • Productivity Index (PI): 129.7
  • Productive soil types include Timewell, Ipava, Atlas, Virden, Clarksdale, Osco, Rozetta, Hickory & others
  • Access is along the north by County Road 2820E & along the west by a maintained township gravel road

Tract 2 - 166.18 Surveyed Acres

  • FSA figures should indicate approx. 56 acres of cropland
  • The remaining acres represent rolling pasture land & timber/draws
  • Productivity Index (PI): 123.2 (Tillable Acres)
  • Nice combination tract which offers a little bit of everything.  Farm it and turn cattle out or build it up to be a great hunting farm!
  • Improved with an open front livestock shed, small grain bin & stocked pond - Reservoir tank and pump provide water for livestock
  • Access is along the north side by County Road 2820E & along the east side by a maintained township gravel road

Tract 3 - 19.67 Surveyed Acres

  • Neat little acreage which could be utilized in several different ways
  • Potential building sites & rural water available
  • Recreational acreage which provides whitetail deer & other wildlife habitat
  • Creek runs through the middle provides a beautiful view & water for cattle or wildlife
  • Currently being used as pasture
  • Access is along the north by the Denver-Plymouth blacktop & along the west & south sides by County Road 2820E

Tract 4 - Country Home & 1.33 Surveyed Acres

  • Older 2-story brick home with 4 bedrooms and 1 bath
  • Well water, LP gas heat, Adams fiber optic & WIEC 200 amp service
  • Access is by way of a maintained township gravel road
  • Open House: Tuesday, January 31 • 4:00 PM 5:30 PM CT

METHOD & TERMS

Tracts 1-3 will be sold on a price per acre basis, based on surveyed acres & will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all 3 tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tract(s) will be offered. Tract 4 will be sold last for the “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 Thursday, March 9, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing.

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”.

 

Joan Foley Revocable Trust
Mark Foley & Sue Mulch - Co-Trustees

 

Representing Attorney:

Richard L. Fehseke III  |  Fehseke & Gray Law Office
1023 Ave. G, Ft. Madison, IA 52627  |  319-372-7181

 

Auction Managers:

Michael Sullivan (309) 333-0916

Louie Zinn (319) 795-2314