SCHUYLER COUNTY, IL LAND AUCTION - LOGAN

Tract 1 - 53.43 surveyed acres

• FSA records indicate 51.51 NHEL cropland acres (estimated – split fields)
• Productivity Index (PI): 115.3
• Soil types include Keomah, Clarksdale and Fishhook
• Rural public water is located on the west side and the northwest corner
• Road access along the north side from Spring Creek Road and along the west side from Hale Ridge Road

Tract 2 - 18.73 surveyed acres

• FSA records indicate 14.6 cropland acres (estimated – split fields)
• Currently 13 acres enrolled in CRP
• Annual payment - $2,678 (50/50 split with tenant)
• Expiration – 9/30/32
• Productivity Index (PI): 83.9 (tillable acres)
• Soil types include Ursa, Fishhook and Keomah
• Road access along the north side from Spring Creek Road

Tract 3 - 24.85 surveyed acres

• FSA records indicate 8.01 NHEL cropland acres
• Productivity Index (PI): 106.5
• Soil types include Rozetta, Fishhook and Keomah
• Majority of this tract is mature standing timber which offers excellent outdoor recreational and hunting opportunities with Whitetail deer, wild turkey and other wildlife abundant
• Several nice home or cabin building sites
• Rural public water access is located on the west side
• Road access along the west side from Hale Ridge Road

Bidding will be on a price per acre basis, based on the acreages obtained from a survey. All 3 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can purchase any or all tracts (in any order) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tracts will continue to be offered “Buyer’s Choice” until all 3 tracts have been purchased. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign and enter into a written 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 September 1, 2023.

The 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 2023 real estate taxes will be prorated to the closing date. The 2023 cash rent income for Tracts 1 & 3 will be prorated to the closing date. Possession will be given at the time of closing subject to the farm lease for 2023 and subject to the CRP contract on Tract 2 (contact auction manager with any questions).

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, LLC pertaining to this property. Real estate is being sold “AS IS”.

PIN 06-12-100-002 - 98.25 taxable acres - $1,803.80