127 Acres 'Class A' Land Auction

Location: 1025 South State Street, Geneseo, IL
Sale venue at the Moose Lodge
10 a.m. Tuesday November 7th, 2017
REAL ESTATE

This investment-quality farm represents
Class A tillable farmland with a PI of nearly 140!

 

TRACT INFORMATION

  • FSA figures should indicate 123.54 acres of cropland, of which, 120.54 acres are currently in row crop production.
  • The remaining 3 acres of cropland (consisting of a well manicured waterway at the north end) are currently enrolled in CRP at a payment rate of $277.52 per acre for an annual payment of $833.00 The contract expires 9-30-2024.
  • PI Rating: 139.6
  • Productive soils include Muscatune, Osco, Radford, Buckhart & Denny
  • Estimated real estate taxes: $5,045.84
  • Access is along the south side by N 1300th Ave.

For Video, Photos & Maps, CLICK HERE

METHOD & TERMS

The Larson farm will be sold on a price per acre basis, based on 127 acres, more or less. There will not be a survey conducted; these acres are based on the existing legal description.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent of the bid price. The balance of the bid price will be due in approximately 30 days, on or before Thursday, December 7, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes due and payable in 2018, will be paid by the seller. The 2018 and subsequent taxes will be paid by the buyer(s). Full possession will be given at the time of closing subject only to the current tenant’s 2017 crop lease. The farm sells free and clear for the 2018 crop year. The new buyer(s) will receive all 2018 CRP income and any future CRP payments.

All announcements sale day shall take precedence over any prior advertising, either written, or oral. The information in this brochure, is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Potential buyer(s) should verify the information to their satisfaction There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

Representing Attorney: Brian Peterson, Simpson Peterson Law Office, 246 E. Main St. suite #201, Galesburg, IL 61401. Ph: (309) 343-6152

127 Acres 'Class A' Land Auction

For more information, call:
Auction Managers: Michael Sullivan (309) 333-0916; Luke Sullivan (309) 371-5214

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or email Our Office at [email protected]
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