Stephenson County, IL Land Auction - Reeter

Tract Information

219.883 Taxable Acres
FSA map should indicate approximately 217.28 cropland acres
Productivity Index (PI): 121.9
Soil types include Ogle, Hitt, Osco, Dodgeville, Durand, Ashdale,
Griswold, Elizabeth, Myrtle and Lawson
Access along the east side from N Dakota Rd (Co Hwy 28)

Method & Terms

The real estate will be sold on a price per acre basis, based on 219.883 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 January 4, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 taxes, due and payable in 2023. Buyer will be responsible for all subsequent real estate taxes. Possession will be given at closing subject to the current tenancy for the 2022 crop year only.

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”.