Rex Sallee Estate Auction

Real Estate

Location: 1110 N. 11th St., Monmouth, IL

The Sallee farm is located between Monmouth & Galesburg, 2 miles north of Hwy 164. From the small town of Coldbrook (Coldbrook Christian Church), take 140th St. north 2 miles to the farm. The farm is further described as being located in Section 5, T11N – R1W, Coldbrook Township, Warren County, IL.

10 a.m. Wednesday, September 25th, 2019
The farm represents highly productive, Class A tillable farmland which sells free & clear for the 2020 crop year!
For this auction's sale bill, catalog or poster, CLICK HERE
Click on thumbnails to see larger photos and descriptions
Photo #1 Photo #2 Photo #3 Photo #4 Photo #5 Photo #6

This listing posted on 08-28-19, for more photos and updates, CLICK HERE.

Auction to be held at the American Legion.

 

Tract Information

  • 80 Acres± – 1 Tract
  • FSA figures indicate 79.21 acres of cropland currently in row crop production. 75.50 acres of that are NHEL cropland
  • PI Rating: 143.4 (Class A)
  • Predominantly Sable, Muscatune & Osco soils
  • Sells free & clear for the 2020 crop year
  • Access is along the east side by 140th St. & along the north side by 240th Ave.
     

Method & Terms

  • The Sallee farm will be sold on a price per acre basis, based on 80 taxable acres or as otherwise determined and announced prior to bidding.
  • Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Tuesday, October 29, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 & subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing, subject only to the removal of this year’s crops. The farm sells free & clear for the 2020 crop year.
  • 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. Buyers 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: Jack P. Ball

190 S. Kellogg St., Galesburg, IL 61401, Ph (309) 345-2255

 Rex Sallee Estate
Scott Sallee – Executor

Rex Sallee Estate Auction

For more information, call:
Auction Manager: Michael Sullivan (309) 333-0916


Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].

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Sullivan Auctioneers, LLC

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