CUMBERLAND COUNTY, IL LAND AUCTION - GRAVES

Wednesday, August 28, 2024 - 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

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

Cumberland County, Illinois

The Graves farm is located 2 miles west of Toledo, Illinois or 20 miles northeast of Effingham, Illinois. The property is further described as being located in Section 35 & 36, T10N-R8E, Sumpter Township, Cumberland County, Illinois.

SELLER

Graves Farms, LLC

MANAGED BY

David Smith (217) 841-0821

GENERAL INFORMATION

177 taxable acres± • 1 tract

The real estate contains a total of 177 taxable acres, will be sold in 1 tract, and represents productive tillable cropland. Farmers and investors, be sure to mark your calendars for this productive Cumberland County auction.

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $13,400.00 PER ACRE

TOTAL - $2,371,800.00

TRACT INFORMATION

FSA figures indicate 175.82 NHEL cropland acres
Productivity Index (PI): 100.8
Soil types include Wynoose-Huey, Bluford, Virden, Cisne, Fishook and Newberry
Access along the west from CR 1025E

CLICK HERE FOR FSA INFORMATION

METHOD & TERMS

The Graves farm will be sold on a price per acre basis, based on taxable acres.

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 through a credit at closing. Buyer will pay the 2025 taxes and beyond. Possession will be given at the time of closing subject to the 2024 crop being harvested.

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”.