LOGAN COUNTY, IL LAND AUCTION - KING

Thursday, March 21, 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

LOCATION


Logan County, Illinois

The King Family Trust real estate is located approximately ½ mile west of Chestnut, IL, or 7 miles northeast of Mt. Pulaski, IL, 11 miles southeast of Lincoln, IL, or 13 miles southwest of Clinton, IL, or 20 miles northwest of Decatur, IL. The property is further described as being located in Section 34, T19N-R1W, Aetna Township, Logan County, Illinois.

SELLER


King Family Trust

MANAGED BY


Kevin Haas (309) 264-7767

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION


100.69 taxable acres± • 1 tract

Farmers & investors, don’t miss this opportunity to purchase this well-located Class A Logan County farm!

TRACT INFORMATION


  • 100.69 taxable acres±
  • FSA figures should indicate 96.14 NHEL cropland acres
  • Productivity Index (PI): 140.8
  • Soil types include Ipava, Sable, and Shiloh
  • Access along the north side from 950th St

METHOD & TERMS


The King Family Trust 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 Thursday, April 25, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2023 real estate taxes due in 2024 with a credit at closing. Buyer pays 2024 taxes and beyond. Possession at the time of closing is subject to the 50-50 crop share lease agreement (contact the auction manager for details regarding the 2024 farm lease).

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”.

AERIAL TOUR


REAL ESTATE TAX INFORMATION


PIN 03-034-014-00 - 100.69A - $5058.42

PLAT MAP


AERIAL MAP


SOIL MAP


King Family Trust

Closing & Title Work:

Prairie Land Title

507 Pulaski St., Lincoln, IL 62656 | (217) 605-0210

Auction Managers:

Kevin Haas (309) 264-7767

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645