MACOUPIN COUNTY, IL LAND AUCTION – LAND TRUST 407

Thursday, March 02, 2023 - 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

LOCATION

Macoupin County, Illinois

The farm is located approximately 6 miles northwest of Gillespie, IL, or 9 1/2 miles south of Carlinville, IL, or 10 1/2 miles west of Litchfield, IL, and is further described as being in Section 33, T9N•R7W, Brushy Mound Township, Macoupin County, IL.

SELLER

Land Trust 407

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

90 Taxable Acres± • 1 Tract

The farm contains a total of 90 taxable acres, will be sold in 1 tract, and represents nearly all highly productive tillable cropland.

Farmers & investors, be sure to check out this income-producing farm.

AUCTION BROCHURE

View Interactive Auction Brochure

INTERNET BIDDING CATALOGS

CLICK HERE TO VIEW INTERNET BIDDING AND IMPORTANT DOCUMENTS

TRACT INFORMATION

Tract 1 - 90 Taxable Acres±

FSA records indicate 89.87 NHEL cropland acres
Productivity Index: 130.3 (tillable acres)
Soil types include: Virden, Herrick-Biddle-Piasa and Herrick
Nearly 100% tillable
Waterway to provide excellent drainage
Small shed and 2 wells
Access along the south side from Honey Creek Road.

METHOD & TERMS

The Land Trust 407 farm will be sold on a price per acre basis, based on 90 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 April 3, 2023. 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. The buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at the time of closing. The farm sells subject to a crop lease agreement through 12/30/2023 (contact auction manager for details).

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on 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.”