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This listing posted Jan.4; for updates or more photos and info, CLICK HERE
Sale to be held at the American Legion • 104 E. Parkside Dr. • Washburn, IL 61570
96 acres± (1 Tract)
• FSA figures should indicate this tract to be nearly 100% tillable and all NHEL
• PI Rating: 133.9 (Class A)
• Productive soil types include Harco, Elkhart & Sable
• High fertility due to multiple manure applications in prior years
• Access is along the south side by Pigeon Creek Rd.
Method and Terms
The Spangler farm is currently being surveyed and will be sold on a price per acre basis, based on said survey. Immediately following the auction, the successful buyer(s) will be required to enter into a written Purchase Agreement with the sellers and pay 10% of the bid price. The balance of the bid price will be due at the time of closing, scheduled on or before April 10, 2019 (extended 9 week closing). An owner’s policy of title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller based upon the most recent available tax statement. The 2019 real estate taxes & subsequent years will be paid by the new buyer. Possession will be given at the time of closing, subject only to a cash rent lease for the 2019 crop year. The buyer will enter into this lease with the seller in the amount of $500 per tillable acre. 100% of the 2019 cash rent will be paid to the buyer at closing. The farm sells free and clear for the 2020 crop year.
The most recent soil test report is dated 2012.
pH – 6.7
P – 137
K – 424
OM – 3.0
CEC – 18.5
Doug & Rose Spangler
Representing Attorney: Patrick J. Murphy, 414 5th Street, Lacon, IL 61540, Ph: 309-246-6775
Douge & Rose Spangler Auction
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].
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