SCHUYLER COUNTY, IL LAND AUCTION - SMITH

Tract 1 - 61.80 Surveyed Acres

• FSA records indicate 53.82 NHEL cropland acres
• Productivity Index (PI): 122.3 (tillable acres)
• Soil types include Keomah and Ipava
• The balance of the acres is a waterway with trees and a building site with an older set of farm outbuildings
• Extensive conservation terraces have been completed on this parcel
• Public road access along the east side from Baxter Hill/Lantz Road

Tract 2 - 28.30 Surveyed Acres

• FSA records indicate 17.82 cropland acres
• Includes 2.55 acres in CRP with an annual payment of $399.79 expiring in 2030
• Productivity Index (PI): 114.4 (tillable acres)
• Soil types include Rozetta, Keomah and Fishhook
• Balance of the acres is wooded with a nice pond offering outdoor recreational and hunting and fishing opportunities
• Several very nice home building sites
• Public road access along the east side from Baxter Hill/Lantz Road

Tract 3 - 24.38 Surveyed Acres

• FSA records indicate 16.81 NHEL cropland acres
• Includes 1.26 acres in CRP with an annual payment of $197.54 expiring in 2030
• Productivity Index (PI): 116.2 (tillable acres)
• Soil types include Keomah and Fishhook
• Balance of the acres is a large, wooded draw which offers outdoor recreational and hunting opportunities
• Public road access along the west side from Baxter Hill/Lantz Road

Tract 4 - 81.59 Surveyed Acres

• FSA records indicate 26.82 cropland acres
• Includes 10.8 acres in CRP with an annual payment of $2,557 expiring in 2032
• Productivity Index (PI): 99.4 (tillable acres)
• Soil types include Keomah, Ursa and Rozetta
• Balance of the acres is mature timber offering outstanding hunting and outdoor recreational opportunities with whitetail deer, wild turkey and other small game abundant
• Several very nice home or cabin building sites
• Public road access along the north (Center Ridge Road) and east (Freeman Mine Road) sides

All the tracts have been surveyed and will be sold by the acre, based on the surveyed acres. The 4 tracts will be offered through the marketing method of Buyer's Choice, whereas the high bidder can elect any or all the tracts (in any order) for their high bid. If the high bidder does not elect all the tracts, then Buyer's Choice auctioning will continue until all the tracts have been selected. The tracts will not be offered together at the conclusion of the auction.

Immediately following the auction, the successful bidder(s) 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 October 2, 2023.

The Seller will provide Title Insurance in the full amount of the purchase price. Possession on all the tracts will be given at the time of closing, subject to a farm tenancy for the 2023 crop year. The seller will retain all farm income for 2023 and pay the 2023 Real Estate Taxes, due and payable in 2024. There are no hunting leases associated with any of the tracts and all tracts sell free and clear of crop tenancy for 2024.

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”.

02-10-400-008 - 10 taxable acres - $200.24

02-15-200-005 - 80 taxable acres - $2,158.04

02-11-300-003 - 74 taxable acres - $1,396.00

02-11-400-001 - 80 taxable acres - $771.20