Wilson Living Trust Auction

Real Estate

Location: Virtual, Online Only, IL

Physical Address: 1746 320th St., Sherrard, IL; The Wilson farm is located approx. 1.5 miles east of Sherrard, IL along 320th St. and is further described as being located in Section 3, T15N – R1W, Richland Grove Township, Mercer County, IL.

5 p.m. Thursday, October 1st, 2020

This listing posted on 9-16-2020, for more photos and updates CLICK HERE.

Tract 1 represents a well maintained, ranch style home.  Tract 2 represents productive, Class A tillable farmland.  Tract 3 represents pastureland, tillable acres & timber & draws.  Make plans to check out this neat 40 acres that offers something for everyone!

 

Tract 1 – Home & 1.57 Surveyed Acres

  • This parcel is improved with a 4-bedroom, ranch style home  build in 1959
  • The home also includes 2 bathrooms, 2-car attached garage, deck, whole home generator & a fireplace
  • The property is improved with a detached 2-car garage & many fruit trees
  • Access is along the east side by 320th St.

Tract 2 – 19.83 Surveyed Acres

  • FSA figures indicate 17.54 Acres of cropland currently in row crop production
  • PI Rating: 139.3 (Class A)
  • The remaining acres represent a small amount of timber in the southwest corner
  • Access is along the east side by 320th St.

Tract 3 – 19.33 Surveyed Acres

  • FSA figures indicate 4.55 acres of cropland
  • There are also several acres of pasture, timber & potential food plot areas
  • This tract has many possibilities as a potential building site, pasture farm or hunting/recreational farm.
  • Access is along the east side by 320th St.
     

Method & Terms

  • The Wilson Property has recently been surveyed. Tract 1 will sell for a “lump sum” total dollar amount.  Tracts 2 & 3 will be sold on a price per acre basis.  Tract 1 will be offered first.  Tracts 2 & 3 will then be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect, in any order, either or both tracts for their high bid. “Buyer’s Choice” auctioning will continue until both 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, November 5, 2020. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller.  The 2020 real estate taxes for Tract 1 will be prorated to the date of closing.  The 2020 real estate taxes for tracts 2 & 3 will be paid by the seller. The farm sells with a tenant for the 2020 crop year only. Possession will be given at the time of closing, subject to the current tenant for the 2020 crop year. There are no hunting leases associated with the property.
  • 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”.

Wilson Living Trust
Patty Buckwalter – POA

Shirley Wilson – Trustee

Kathleen Baughman – Trustee

 


 

Representing Attorney: Dennis D. Duffy, Duffy Law Office; 1840 E. 54th St., Davenport, IA 52807; PH: 563-445-7400

 

Wilson Living Trust Auction

For more information, call:
Auction Manager: Dale Jones (309) 299-6400

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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