PIKE COUNTY, IL LAND AUCTION
306 ACRES M/L | 3 BR HOME | 5-TRACTS
Friday | October 30 | 10 AM
Lovell Farmland Auction Results
Tract 1- $12,000/acre
Tract 2- $11,500/acre
Tract 3- $12,000/acre
Tract 4- $11,500/acre
Tract 5- $150,000
1302 W. Washington St.
Lovell Farm is a Centennial Farm, having been in the Lovell Family for over 100 years, and is ideally located at the southeast corner of Pittsfield, IL: from Pikeland Comm School on Co Hwy 7 (Nebo Rd), follow 235th Ave (Middle Rd) ¾ mile east; Tracts 1-3 & 5 are contiguous on the south side and Tract 4 lies on the north side of 235th Ave; all in Newburg Twp., Sections 29 & 30 in Pike Co., IL.
Tract 1: 61.81 Acres m/l
Tract 2: 99.44 Acres m/l
Tract 3: 81.98 Acres m/l
Tract 4: 62.24 Acres m/l
Tract 5: 2.98 Acres m/l
285 ACRES TILLABLE- HIGHLY PRODUCTIVE, FERTILE FARMLAND
TRACTS 1-3: 240 CONTIGUOUS ACRES- 95% TILLABLE
DOMINANT SOILS: WINFIELD, DOWNSOUTH, ORION, IPAVA
WELL-MAINTAINED WITH DRY DAMS AND RISERS
3 BR HOME, SHEDS, BINS ON 2.5 ACRES
LOCATION / INCOME / INVESTMENT / HUNTING
Tract 1: 61.61 acres m/l, 57.98 FSA acres tillable m/l- 94% tillable, productive soils with PI- 126.1. Timbered draw on the east is shared boundary with Tract 2. 235th Ave access along the north side.
Tract 2: 99.33 acres m/l, 92.95 FSA acres tillable m/l- 94% tillable, productive soils with 118.2 PI. Timbered draw on the west is shared boundary with Tract 1 and timbered draw on the east is shared with Tract 3. 235th Ave access along the north side.
Tract 3: 82.04 acres m/l, 78.79 FSA cropland acres m/l- 96% tillable, highly productive farm with 127 PI. Shares western timber boundary with Tract 2. 235th Ave frontage on the north.
Tract 4: 62.01 acres m/l, 55.91 FSA cropland acres m/l- 90% tillable productive farm with 120 PI. Secluded timber on north line provides great hunting potential. Lies northeast of Tract 3 with 235th Ave access on the south.
Tract 5: 3 BR Home, Sheds, Bins- 40339 235th Ave - 3 BR, 1 bath, kitchen/dining/living rooms, back porch room, full basement and covered back patio/car port. Ameren electric, 1,000-gal propane tank, GFA furnace, central A/C, Pike Co water. Home is updated with windows, doors, carpet & trim. There is a machine shed, an open front shed and 2 small grain bins. Property includes approximately 2.5 acres, lies on the south side of 235th Ave and borders Tracts 2 & 3. This is a terrific, well-kept home.
Auction Procedure: Tracts 1-4 will be offered Buyers Choice on a dollar per acre basis until all 4 tracts are selected. Tract 5 will then be offered on a total dollar basis. Tracts 1-4 survey acreage figures will be used to calculate final valuation.
Real Estate Terms: 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, November 30, 2020. Seller will provide title insurance. 2020 real estate taxes will be paid by the Seller.
100% full possession will be granted upon closing subject to the 2020 farm tenants crop removal. Tracts sell free of any further 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.
Contact Brian Curless for information at 217-242-1665 or .
Attorney- Lowry & Hoskin 130 S. Madison St. Pittsfield, IL 217-285-4822