HANCOCK COUNTY, IL LAND AUCTION - FRITH & TARR

Thursday, August 22, 2024 - 1:00 PM 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

How to participate in a Virtual Online Auction

This auction is now on NextLot. To participate please create a NextLot account.

See "Click here for internet bidding and important documents" link below to access Nextlot.

LOCATION

Hancock County, Illinois

The farm is located approximately 4 miles west of LaHarpe, IL on the south side of IL State Hwy 9 in Section 23, T7N-R6W, Durham Township, Hancock County, Illinois. LaHarpe, IL is located approximately 20 miles northeast of Carthage, IL or approximately 25 miles southeast of Burlington, IA.

SELLER

Frith Living Trust

& Lois Tarr Trust

MANAGED BY

Jim Sullivan (217) 440-8172

Louie Zinn (319) 795-2314

GENERAL INFORMATION

159.12 surveyed acres • 2 tracts

Both tracts offer productive tillable cropland, recreational acreage, potential home building sites and more! There is Rural Public water and electricity available nearby.

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $10,700.00 PER ACRE

TRACT 2 - $9,000.00 PER ACRE

TOTAL - $1,571,684.00

TRACT INFORMATION

TRACT 1 - 82.12 surveyed acres

FSA records should indicate 71 acres of cropland of which approximately 5.5 acres are enrolled in CRP @ a payment rate of $240.00 per acre through 9-30-33
The non cropland acres are wooded and offer recreational opportunities
Productivity Index (PI): 134.7 (CLASS A) on the acres currently being farmed (excluding the CRP and timber)
Soil types include Muscatune, Atterberry, Greenbush, Rozetta and Sable
Access along the west side by NCR 2350

TRACT 2 - 77.0 surveyed acres

FSA records should indicate 58 acres of cropland of which approximately 12.0 acres are enrolled in CRP @ a payment rate of $240.00 per acre through 9-30-33
The non cropland acres are wooded and offer recreational opportunities
Productivity Index (PI): 121.7 on the acres currently being farmed (excluding the CRP and timber)
Soil types include Greenbush, Coffeen, Rozetta, Hickory, Atterberry and Muscatune
Access along the north by St Hwy 9 and on the west by NCR 2350

METHOD & TERMS

Both tracts 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 either Tract 1 or Tract 2 for their high bid. If the high bidder does not elect both tracts, the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion 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 Tuesday, October 1, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2024 real estate taxes due in 2025. Buyer will receive possession at closing, subject to an existing lease for the 2024 crop year only. Open lease for 2025 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.