Auction Date
Oct 24, 2024
New Listing
Marshall County, Illinois

Highly Productive Tillable Farm

ID: 64402
Status: New Listing
Sale Type: Auction
Auction Time: Oct 24, 2024 10:00AM CDT
Auction Address: American Legion Post 440, 115 W. Santa Fe Ave.
Auction City/State: Toluca, Illinois
Acres: 80±
Address: 500 North Rd
City/State: Toluca, Illinois
County: Marshall
ZIP Code: 61369
Type: Farms
Presented By: Brody Elliott
Taxes: $3,486

Description

Auction is to be conducted in-person & online Thursday, October 24th - 10:00AM Central.

Auction Venue Location: American Legion Post 440, 115 W. Santa Fe Ave., Toluca, IL 61369

Proxibid Link for online bidding: Click Here

 

Located approximately 1 +/- mile east of Toluca, IL in Section 10, T29N-R1E, Bennington Township, Marshall County, Illinois. There are 80+/- taxable acres offered as a single tract. The farm represents highly productive tillable farmland with Class A soil. 

  • Average Productivity Index (PI): 132.5
  • 57 acres of tillable between 133-139 PI
  • 49.77 acres of Rutland Silt Loam
  • 19.59 acres of Streator Silty Clay Loam
  • 7.25 acres of Sawmill Silty Clay Loam

Located the corner of County Road 500 North & County Road 2800 E, Toluca, Illinois. Property is 2.5 +/- miles west of Rutland, legally described as: S10 T29 R1E NW 1/4 NW 1/4 & N 1/2 S 1/2 NW 1/4. Parcel ID#: 14-10-100-005.

 

Seller: James V Serafin Trust & Joyce B Helander-Serafin Trust

Auctioneer: Norm Willoughby 

Managing Broker: Andrew Schultz

Agent/Primary Contact: Brody Elliott (309) 238-1496

 

Method & Terms

  • The Serafin Farm will be sold on a price-per-acre basis, based on taxable acres. This tract is being sold absolute, without reserve.

 

  • Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay 10 percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Wednesday, November 27th, 2024.

 

  • The seller will provide title insurance in the full amount of the purchase price. Seller will pay all if the 2024 real estate taxes, due and payable in 2025 through a credit at closing. 

 

  • The seller shall receive the Landowner share of the crop or 100% of the total cash rent for the 2024 crop year. Open lease for 2025 crop year. The buyer will receive and seller will convey all of seller's water, oil, gas, coal and other mineral rights not conveyed of record.

 

  • Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

 

  • On-site bidders are required to bring a valid government-issued ID and proof of funds/preapproval letter.

 

  • If the winning bid is online, you will be immediately contacted to make arrangements for the ten percent (10%) down payment and a purchase contract will be sent electronically for e-signature.

 

  • All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller, auctioneer, or Arrowhead Land Company and its affiliates, pertaining to this property. Real estate is being sold "AS IS". 

Ask Brody About This Property

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