Irma D. Falk Estate Auction

Real Estate

Location: 311 W Santa Fe Ave, Toluca, IL

10 a.m. Monday, November 18th, 2019
For this auction's sale bill, catalog or poster, CLICK HERE
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This listing posted on 10-16-19 for more photos and updates CLICK HERE.

Property Preview: Wed., Oct. 30th from 4:30 – 6:00 p.m.

 

YIELD HISTORY OF ALL 3 TRACTS COMBINED
Year          Corn          Beans
2014          226.0          60.1
2015          227.8          70.0
2016          242.0          66.0
2017          248.4          61.1
2018          245.8          60.6
AVG           238.0          63.6


MOST RECENT SOIL TEST RESULTS
Tract 1

pH  6.3
P  72 #/A
K  448 #/A
Tract 2
pH  6.4
P  60 #/A
K  430 #/A
Tract 3
pH  6.4
P  102 #/A
K  570 #/A

TRACT INFORMATION

Tract 1 – 80 Acres±

  • FSA figures indicate 78.35 acres of NHEL cropland currently in row crop production
  • PI Rating: 143.8 (Class A)
  • Soil types include Flanagan & Sable
  • Extensive field tile installed (see website for map)
  • Access is along the west side by IL Route 117 & along the south side by County Rd 300N

Tract 2 – 40 Acres±

  • FSA figures indicate 38.5 acres of NHEL cropland currently in row crop production
  • PI Rating: 143.6 (Class A)
  • Soil types include Flanagan & Sable
  • There is a grass waterway on the west side of the property
  • Current access is by way of a grass lane that extends east from the northeast corner of this tract out to County Rd 2700E

Tract 3 – 77.75 Acres±

  • FSA figures indicate 76.83 acres of NHEL cropland currently in row crop production
  • PI Rating: 134.1 (Class A)
  • Soil types include Rutland, Streator, Flanagan, Sable, Plano & Elburn
  • Extensive field tile installed (see website for map)
  • Access is along the south side by County Rd 400N

METHOD & TERMS

  • All 3 tracts will be sold on a price per acre basis, based on taxable acres. The tracts will not be surveyed. All 3 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect, in any order, any or all tracts for their high bid. “Buyer’s Choice” auctioning will continue until all 3 tracts have been purchased. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction.
  • 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 (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Thursday, January 30, 2020. 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 current tenant’s farm lease. 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”.

Morris Family Farm, Inc.
Irma D. Falk Estate

 

Representing Attorney: Thomas L. Janssen, 474 N. Chestnut St., Minonk, IL 61760, (309) 432-2563

Irma D. Falk Estate Auction

For more information, call:
Auction Manager: Kevin Haas (309) 264-7767


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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