Orville & Shirley Larson Charitable Trust Auction

Location: 1025 South state St, Geneseo, IL
The Larson farm is located approx. 1 mile southwest of Osco, IL and is further described as being located in Section 31, T16N – R2E, Osco Township, Henry County, IL
11 AM Monday November 19th, 2018
Real Estate
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This listing posted Oct.19; for updates or more photos and info, CLICK HERE


HENRY COUNTY, IL LAND AUCTION
159 Acres± (Subject to Survey) – 2 Tracts


 

Auction to be held at The Moose Lodge located at 1025 South state St., Geneseo, IL 61254

LOCATION & GENERAL INFORMATION

The Larson farm is located approx. 1 mile southwest of Osco, IL and is further described as being located in Section 31, T16N – R2E, Osco Township, Henry County, IL.

The farm represents Class A, tillable farmland!

 

TRACT INFORMATION

 

Tract 1 – 83 Acres± (Subject to Survey)

  • FSA figures indicate approx. 77.42 acres of cropland currently in row crop production
  • PI Rating: 128.8
  • Productive soil types include Osco, Elkhart & Radford
  • The balance of this tract is in waterways & a draw
  • Access is along the south side by N 1200th Ave.

 

Tract 2 – 76 Acres± (Subject to Survey)

  • FSA figures indicate approx. 74.5 acres of cropland currently in row crop production
  • PI Rating: 140.1 (Class A)
  • Productive Class A soil types include Muscatune & Osco
  • Access is along the south side by N 1200th Ave.
     

METHOD & TERMS

Both tracts are currently being surveyed, and will sell on a price per acre basis, based on said survey. Tracts 1 & 2 will 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. Auctioning will continue until both tracts have been sold. 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 closing, on or before Thursday, December 20, 2018. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes will be paid by the seller, with the 2019 and all subsequent years being paid by the new buyer. Possession will be given at closing subject only to tenancy for the 2018 crop year. The farm sells free & clear for the 2019 crop year.

Lori Hedden – VP, F & M Trust Department – 21 E. Main St., Galesburg, IL

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

Auction Manager: Michael Sullivan (309) 333-0916

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”.

Orville & Shirley Larson Charitable Trust Auction



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