Pike County, IL Land Auction

280.9 +/- acres        7 Tracts

Friday  |  June 15  |  11 am  |  Pittsfield, IL

Auction Location

Crossroads Center

125 W. Jefferson St. 

Pittsfield, IL 62363

Auction Results:

Tracts 1-3: $8,500/acre

Tract 4: $7,350/acre

Tract 5: $8,200/acre

Tract 6: $9,600/acre

Tract 7: $7,100/acre


  GREAT INCOME, INVESTMENT & HOMESITE POTENTIAL!

Tracts 1-3: 178 ac +/- All Tillable, Contiguous, Productive Farmland
● Tracts 4-5: 35 ac +/- Tillable, Pond, 48’x 80’ Shed, Building Sites!
● Tracts 6-7: 60 ac +/- Mostly Tillable Farmland, Building Sites
● Well Maintained, Productive Farmland!
● County Highway Frontage, Tremendous Locations Near Pittsfield!

Property Locations

Tracts 1-5: lie ½ mile south of Pittsfield, IL along the west side of CH 11 (Martinsburg Rd) in Sections 35 & 36 of Pittsfield Twp.

Tracts 6-7: are located northeast of Pittsfield at Sunny Hill. From US Hwy 54 x IL Rt 106 follow IL Rt 106 east 1.5 miles then left (east) on 243 rd Ave .3 mile, take 405 th St north 1 mile in Section 17 of Newburg Twp. All in Pike Co. IL.

Show More

Tract 1: 42.75 acres m/l, 42.75 acres tillable m/l- A great all tillable tract with productive Winfield soils along the south side of the sealed 230 th Ave. Building site location!

Tract 2: 77.95 acres m/l, 77.95 acres tillable m/l- South of Tracts 1 & 3, all tillable rolling tract has mostly Winfield soils. Access is from CH 11 and north side of 225 Lane.

Tract 3: 64.98 acres m/l, 64.98 acres tillable m/l- Nearly all tillable Winfield soils, with a small pond. Contiguous to Tracts 1, 2, 4 & 5. Access is along CH 11 and 230 th Ave.

Tract 4: 20.7 acres m/l, 9.56 FSA acres tillable m/l- Productive soil, beautiful pond and fantastic building sites. Access from 230 th Ave. Tract 4 borders Tracts 3 & 5.

Tract 5: 11.82 acres m/l, 6.9 FSA acres tillable m/l- Great home-building site! Productive soils (128 PI), grain bin, 1000-gal LP tank. Tillable to gain. Corner of CH 11 x 230th Ave.

Tract 6: 22.93 acres m/l, 21.43 FSA acres tillable m/l- Primarily Winfield and Caseyville soils on this great tillable tract with a 114.9 PI. Good access from 405 th St and 290 th Ave.

Tract 7: 39.77 acres m/l, 36.01 FSA acres tillable m/l- A 92% tillable, Menfro, Winfield & Orion soils. Balance is small timbered areas. Access is from 405 th St and 290 th Ave.

Auction Procedure: Tracts 1-3 will be offered Buyer’s Choice individually, on a
dollar per acre basis, until each has been chosen. Then, Tract 4 & 5 will be offered
choice via the same method. Then, Tracts 6 & 7 will be offered choice using the same
method. Multiple tracts may be selected by the current high bidder; however, no
tracts will be available once they have been claimed.
Real Estate Terms: Surveyed acre figures provided will be used to determine final
valuation of each tract.
Successful bidders will be required to sign a Memorandum of Agreement at the
auction. 10% of the purchase price will be due as down payment at the auction. The
balance will be due at closing, on or before Monday, July 16, 2018. Seller will
provide title insurance.
Purchasers will enter into a 50/50 crop share agreement with the current tenant RG
Farms, will reimburse Seller for 2018 inputs at closing and will receive the
landlord’s share of the 2018 crop. 2018 real estate taxes will be paid by the
Purchaser.
Possession, subject to the rights of the 2018 crop tenancy, will be granted upon
closing. Farms sell free of any other tenancies.
Property and all improvements sell as-is with no guarantees or warranties. All
information, acre figures, maps, and representations provided are approximate.
Prospective bidders are welcomed and encouraged to fully inspect the property at
their convenience, and all related information to their satisfaction prior to bidding
at the auction. Auction day announcements supersede prior information.


Contact Brian Curless for information at 217-242-1665 or bcurless@irtc.net.
 

Attorney- Lowry & Hoskin 130 S. Madison St. Pittsfield, IL 217-285-4822
 

VERA RHODES ESTATE

20180525_192249