Iroquois County, IL Land Auction - 232± Acres, 2 Tracts

Farm Auction in 2195 County Road 500 N Wellington, IL 60973, Wellington, Illinois, United States

11 Friday
11th December, 2020

Iroquois County, IL Land Auction - 232± Acres, 2 Tracts

Farm Auction in 2195 County Road 500 N Wellington, IL 60973, Wellington Illinois, United States

Friday at - 11th December , 2020

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Description

232± Acres in Iroquois County, IL, Offered in 2 Tracts! For information contact Steffes Group at 319.385.2000 or 309.368.7748

IROQUOIS COUNTY, ILLINOIS LAND AUCTION

TIMED ONLINE

 

WELLINGTON, ILLINOIS
Land is located 2 miles north of Wellington, IL on Highway 1, then ½ mile west on County Road 500 N.

 

Auctioneer’s Note: Here is a great opportunity to invest in quality Illinois farm land in Iroquois County, Illinois.


Bidding Opens: Friday, December 11

Bidding Closes: Friday, December 18, 2020 at 1PM

 

232 Acres M/L – SELLS IN 2 TRACTS

 

 

Tract #1 – 100 Acres M/L – (Subject to final survey)

Approx. 99 acres tillable

Crop Productivity Index: 131.9

Productive soils include: Milford & Lisbon

Located in Section 10, Lovejoy Township, Iroquois County, Illinois.

Part of Tax parcel: 40-10-100-001

 

View Tract 1 Soil Map

 

Tract #2 – 132 Acres M/L – (Subject to final survey)

Approx. 110 acres tillable

Crop Productivity Index: 131.7

Productive soils include: Lisbon, Milford, Saybrook & Sawmill

Located in Sections 9 & 10, Lovejoy Township, Iroquois County, Illinois.

Part of Tax parcel: 40-10-100-001 & 40-09-200-002

 

View Tract 2 Soil Map

 

FSA indicates: 213.3 acres tillable on the entire farm.

View FSA Information

 

Terms: 10% down payment of the purchase price on December 18, 2020.  Balance of the purchase price due at closing with a projected date on or before January 19, 2021.  Personal check, ACH, wire transfer or cash is acceptable for down payment; balance shall be paid by cash, certified check or wire transfer. Title Insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the seller. The 2021 real estate taxes will be paid by the buyer(s).  Possession will be given at the time of closing.  Farm sells free & clear for the 2021 crop year. Immediately following the auction of the real estate, the successful buyer(s) shall enter into a written contract with the seller, this shall take place through email & electronic document signatures.  Said contracts will be available for review prior to the auction.

 

Special Provisions: 

  • This online auction will have a buyer’s premium of $1,000 per Tract.  This will be added to the total bid amount to arrive at the total contract purchase price.
  • Tracts #1 & 2 will be sold by the surveyed acre.  The multiplier used to determine the total bid amount for Tracts #1 & 2 will be the surveyed acres.  Tracts #1 & 2 will be surveyed by a registered land surveyor prior to the auction.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.
  • Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
  • Tracts will be tied together and will be set to close simultaneously.  Each Tract tied together will stay in extension until there are no more bids placed on any of the Tracts.
  • The Seller has served termination to the tenant on the tillable ground and the tillable ground is selling free and clear for the 2021 farming season.
  • It shall be the obligation of the Buyer(s) to report to the Iroquois County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  Please note that the final tillable acres will be determined by the FSA office.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
  • The Buyer(s) shall be responsible for any fencing in accordance with Illinois state law.
  • The Buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
  • If in the future a site clean-up is required it shall be at the expense of the buyer(s).
  • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
  • The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.

 

John & Pennie Rothgeb and Denny & Jane Hackett

 

Closing & Representing Attorney:
Fehseke & Gray Law Offices, Ft. Madison, IA - 319.372.7181

 

For information contact Steffes Group at 319.385.2000 or 309.368.7748

Tim Meyer: Illinois Licensed Auctioneer #441.001748 - Illinois RE Managing Broker #471.006809. 2245 East Bluegrass Road, Mt. Pleasant, IA

 

 

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Disclaimer


TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.


International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    


WEBSITE ADDRESSES (ONLINE & ONLINE ONLY) www.steffesauctioneers.com   www.IQBID.com    


CORPORATE OFFICE


Steffes Auctioneers Inc.


2000 Main Avenue East


West Fargo ND 58078-2210


Phone: (701) 237-9173(701) 237-9173


Toll Free: (800) 726-8609(800) 726-8609


Fax: (701) 237-0976


E-Mail: [email protected]  [email protected]


AUCTIONEER LICENSES

Scott Steffes ND81 & MN14-51


Bob Steffes ND82 & MN14-09


Brad Olstad ND319 & MN14-70


Clark Sather ND463 & MN54-05      


REAL ESTATE MARKETING


Scott Steffes, Broker


Rodney Steffes, Licensed Sales Associate


Geri Paul, Licensed Sales Associate


Ashley Huhn, Licensed Sales Associate    


LITCHFIELD OFFICE


Steffes Auctioneers Inc


24400 MN Highway 22 South


Litchfield, MN 55355


Phone: (320) 693-9371(320) 693-9371  


Fax: (320) 693-9373


Email: [email protected]


[email protected]


[email protected]


[email protected]




AUCTIONEER LICENSES


Eric Gabrielson, MN47-006, ND890


Ashley Huhn, MN47-002, ND843


Randy Kath, MN47-001, ND894

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