BUREAU COUNTY, IL LAND AUCTION - MONSON

Tract 1 - 96.92 acres±

• FSA figures indicate 96.94 NHEL cropland acres
• Productivity Index (PI): 125.1
• Soil types include Sable, Wyanet, La Rose, Selma, Warsaw, Saybrook, Lisbon, Ambraw, Joyce, Elburn, and Rodman
• Access along the west side from Wyanet-Walnut Rd (CR 1400E)

Tract 2 - 3.08 surveyed acres

• Beautiful setting contains a 4 bedroom, 2 bath country home with many updates including:
  • Automatic 22kw standby generator
  • Central A/C
  • Electrical upgrade in house & garage (2020)
  • Underground electrical upgrade from pole to house and to garage (2020)
  • New plumbing (2020)
  • 34 new windows (2019)
  • Complete kitchen remodel (2020)
  • Both baths remodeled (2020)
  • 4 new garage doors (2020)
  • Buried electric dog fence covers 2 acres
  • New septic & leach field (2020)

NOTE: There are several chattel items located on Tract 2 that will be removed by the seller and are not included in the auction. A partial list includes all of the appliances (including the built-in appliances), and all of the furniture.

OVER $125,000 IN IMPROVEMENTS OVER THE LAST 3 YEARS!

Tract 1 of the Monson farm will be sold on a price per acre basis, based on surveyed acres. Tract 2 will be sold for a lump sum total dollar amount. 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 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 Friday, December 13, 2023 Tuesday, January 16, 2024 (Tract 1) and Wednesday, December 13, 2023 (Tract 2).

The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 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, LLC pertaining to this property. Real estate is being sold “AS IS”.

pH - 6.23

P - 61 #/A

K - 273 #/A

Both tracts combined

PIN 03-04-300-002 - 80.0A - $5664.20

PIN 03-09-100-001 - 20.0A - $663.22

For Tract 1

• Seller will retain all of the 2023 income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing.

For Tract 2

• 2023 real estate taxes, due and payable in 2024, will be pro-rated to the date of closing.