Absolute Land Auction
Pike County, IL
85 ACRES M/L | BRICK HOME | 3 TRACTS
Friday | Aug 30 | 11 AM
Auction and Property Location
Onsite - 47424 212th Ave, Pearl, IL
½ mile east of Milton, IL
AUCTION RESULTS!
In Montezuma Twp., Pike Co., IL Tracts 1 & 2 lie ½ mile east of Milton, along the north side of Co Hwy 8, 212th Ave in the SW ¼ of Section 4.
Tract 3 lies 5 miles south of Milton along the west side of IL Rt 100, north of 160th Ave. in the SE ¼ of Section 32.
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HIGHLY PRODUCTIVE, FERTILE MILTON-PRAIRIE FARMLAND
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3 BR ALL-BRICK HOME, 40x40 SHED, BINS
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CRP, WALNUT TIMBER, FORESTRY PLAN, WILDLIFE, CREEK!
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GREAT INCOME / INVESTMENT POTENTIAL!
Tract 1: 38.64 acres m/l, 36.96 FSA acres tillable m/l- Near all tillable, productive NHEL prairie soils with PI- 132.7. Access from Co Hwy 8 via an easement through Tract 2.
Tract 2: Brick ranch style home- 2075 s.f., 3 BR w/master suite, 3 full baths, brick fireplace upstairs, Lacey quarry stone fireplace downstairs in the full, poured-wall basement with kitchenette. Home is accompanied by a Generac whole house propane fired generator, GFA furnace, central A/C, Pike Co water, 2016 metal roof/front door and a 2-car attached garage. Open & spacious kitchen, living room & family room with sliding glass-door to patio. There is a 40’x40’ open front livestock/machine shed and lot, a small grain bin & bulk bin. Property includes approximately 2 acres and lies on the north side of Co Hwy 8, south of Tract 1.
Tract 3: 45 acres m/l, 33.15 FSA cropland acres m/l- 26.7 acres enrolled in CRP till 9/30/2023, paying $4831/year. Balance includes tremendous walnut & other timber under forestry plan and a great rock bottom creek in the NW corner. Borders IL Rt 100 on the east, access is from 160th Ave on the south. Great recreation & hunting tract!
Auction Procedure: Tracts will sell in tract number order individually with no combinations. Tracts 1 & 3 will be offered on a dollar per acre basis, Tract 2 will be offered on a total dollar basis. Tract 1 & 3 acreages will be determined by survey to calculate final valuation.
Real Estate Terms: Absolute auction. Tracts sell to the highest bidders with no reserve. Successful bidders will be required to sign a Memorandum of Agreement and make a 10% down payment at the conclusion of the auction. The balance will be due at closing on or before Monday, September 30, 2019. Seller will provide title insurance. 2019 real estate taxes will be paid by the Seller.
100% full possession will be granted upon closing subject to the 2019 farm tenancy on Tract 1. Tracts sell free from any other leases or tenancies.
Property and all improvements sell as-is with no guarantees or warranties. All information, acreage 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.
Please contact Brian Curless for more information
at 217-242-1665 or bcurless@irtc.net .
Attorney- Lowry & Hoskin 130 S. Madison St. Pittsfield, IL 217-285-4822
MARTHA LACEY ESTATE
