KNOX COUNTY, IL LAND AUCTION - JOHNSON

Tuesday, October 22, 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

LOCATION

Knox County, Illinois

Land is located approximately 2 ½ miles east of Wataga, IL in the South ½ of the southwest quarter of Section 13, T12N-R2E, Sparta Township, Knox County, Illinois.

From Wataga, IL go east on Hwy 167 approximately ¾ of a mile. Be watching for sinage off Highway 167. (Wataga, IL is located approximately 6 miles northeast of Galesburg, IL on Hwy 34).

SELLER

Anna Sophia Johnson Estate

C/O Thomas M. McIntire, JD, CTFA

Vice-President, Trust Officer F&M Bank

MANAGED BY

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

80 taxable acres± • 1 tract

PIN 06-13-300-005

Land represents a combination of pasture, hay ground and wooded timber (approximately 60% open and 40% wooded). The farm offers agricultural and recreational opportunities!

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $9,300.00 PER ACRE

TOTAL - $744,000.00

TRACT INFORMATION

80 taxable acres
Productivity Index (PI) is approximately 103.5 (on the "open area")
Soil types include Rozetta, Elco, Clarksdale and Hickory
Access along the west side by "Foxtown Road"

CLICK HERE FOR FSA INFORMATION

METHOD & TERMS

The Johnson farm will be sold on a price per acre basis, based on 80 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 December 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay all the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing subject to a farm lease for the 2024 crop year which expires February 28, 2025. Open lease for 2025 crop year and beyond.

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”.