FULTON COUNTY, IL LAND AUCTION - WRIGHT
Friday, October 18, 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
LOCATION
Fulton County, Illinois
The Mary K. Wright Estate farm real estate is located 2 miles south of Smithfield, IL, or 12 miles northwest of Lewistown, IL, or 15 miles southwest of Canton, IL (45 miles southwest of Peoria, IL). The property is further described as being in the West Half of Section 4, T5N-R2E, Bernadotte Township, Fulton County, Illinois.
SELLER
Mary K. Wright Estate
MANAGED BY
John Sullivan (309) 221-6700
GENERAL INFORMATION
279.915 surveyed acres • 4 tracts
The farm contains a total of 279.915 surveyed acres and will be sold in 4-tracts. Tracts 1-3 are nearly all tillable, and Tract 4 is wooded with mature trees, some tillable land, and offers outstanding hunting and recreational opportunities.
Farmers, investors and outdoor enthusiasts - be sure to check out this property.
AUCTION BROCHURE
INTERNET BIDDING CATALOGS
SOLD!
TRACT 1 - $8,700.00 PER ACRE
TRACT 2 - $8,600.00 PER ACRE
TRACT 3 - $8,600.00 PER ACRE
TRACT 4 - $5,100.00 PER ACRE
TOTAL - $1,861,517.30
TRACT INFORMATION
Tract 1 - 50.818 surveyed acres
- FSA figures indicate 44.79 cropland acres (actually farming approximately 46 acres)
- Productivity Index (PI): 115.7
- Soil types include Keomah and Rozetta
- Balance of the acres is grass and wooded waterways
- Road access along the north and east sides by N. Round Barn Rd
Tract 2 - 36.239 surveyed acres
- FSA figures indicate 25.74 cropland acres
- Productivity Index (PI): 117.9
- Soil types include Rozetta and Keomah
- Balance of the acres is wooded and offers outdoor hunting and recreational opportunities
- Road access along the west side by N. Round Barn Rd
Tract 3 - 35.477 surveyed acres
- FSA figures indicate 30.05 cropland acres
- Productivity Index (PI): 112.9
- Soil types include Rozetta, Keomah and Navlys
- Balance of the acres is wooded and offers outdoor hunting and recreational opportunities
- Road access along the north and east sides by N. Round Barn Rd
Tract 4 - 157.381 surveyed acres
- Nearly all wooded with mature trees
- FSA figures indicate 26.49 cropland acres
- Productivity Index (PI): 116.9
- Soil types include Rozetta and Keomah
- Offers outstanding outdoor hunting and recreational opportunities
- Road access along the north and east sides by N. Round Barn Rd
METHOD & TERMS
The Wright farm will be sold on a price per acre basis, based on the surveyed acres.
All 4 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 November 18, 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. There are no hunting leases associated with the farm. 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 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.
AERIAL TOUR
Mary K. Wright Estate
Representing Attorney:
Ryan M. Krisher | Bougher, Krisher, Stuckart & Clark
202 N. Lafayette St., Macomb, Illinois 61455 | (309) 833-1702
Auction Manager:
John Sullivan (309) 221-6700