KNOX & HENRY COUNTY, IL LAND AUCTION - LITTON

Monday, September 9, 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 & Henry County, Illinois

Tract 1: From Woodhull, go east on State Route 17 approx. 4 miles to E 980th St., then south approx. 1 mile to the farm. Tract 1 is further described as being located in the NE ¼ of Section 3, T13N - R2E, Ontario Township, Knox County, IL.

Tracts 2 & 3: From Woodhull, go east on State Route 17 approx. 5 miles to E 1080th St., then north approx. ½ mile to the farm. Tract 2 is further described as being located in the SE 1/4 of the NW 1/4 and in the south 1/2 of the NE 1/4 of Section 26 & Tract 3 is further described as being located in the SW 1/4 of the NW 1/4 of Section 25, both in T14N - R2E, Clover Township, Henry County, IL.

Woodhull is located approx. 20 miles north of Galesburg, IL or approx. 30 miles south of Moline, IL on Interstate 74. There is some tile on the farms. Contact Jim Sullivan (217) 440-8172 for further information concerning the tile.

SELLER

Litton Land Trust

Luann Demick - Trustee

MANAGED BY

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

308.62 taxable acres± • 3 tracts

All 3 Tracts represent Prime, Class A tillable farmland!

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $15,000.00 PER ACRE

TRACT 2 - $13,500.00 PER ACRE

TRACT 3 - $15,000.00 PER ACRE

TOTAL - $4,455,135.00

TRACT INFORMATION

Tract 1 - 152.51 Taxable Acres

PIN: 02-03-200-001
FSA figures indicate 149.17 acres of cropland
Productivity Index (PI): 135.3 (Class A)
Productive soil types include Ipava, Osco, Elkhart, Radford & Sable
Access is along the north by “Knox Cty Rd”

Tract 2 - 116.11 Taxable Acres

PIN: 22-26-200-005
FSA figures indicate 120.43 acres acres of cropland
Productivity Index (PI): 134.3 (Class A)
Productive soil types include Ipava, Osco, Hickory & Assumption
Access is along the east by E 1080th St.

Tract 3 - 40.0 Taxable Acres

PIN: 22-25-100-002
FSA figures indicate 39.9 acres of cropland
Productivity Index (PI): 140.7 (Class A)
Productive soil types include Ipava, Sable & Denny
Access is along the west by E 1080th St.

METHOD & TERMS

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

All 3 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s)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 Wednesday, October 9, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes due in 2025. Possession at closing, subject to an existing cash rent 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”.