323+/- Acres in 4 TrAcTs

Transcription

G orsuch -H ensley
Real Estate & Auction, Inc. Presents
An Outstanding
Public Auction
/ - Acres in 4 Tracts
323+
Located approximately 2 miles N of Wenona, 15 mi. S of LaSalle,
or 40 mi. N of Bloomington in Marshall County, IL
Auction Date:
Tuesday, August 30th at 10 AM
Auction Site:
American Legion Post #8, Wenona, IL
Productive & Contiguous Tillable Farmland
GH
Bid your B
est
Price on th
is
Quality
Marshall
County Far
m!
G orsuch -H ensley
Real Estate & Auction, Inc.
309.647.8811
www.gorsuch-hensley.com
323+/ - Acres in 4 Tracts
Auction Date: Tuesday, August 30th at 10 AM
Auction Site: American Legion Post #8, Wenona, IL
Directions
to Property:
From the North: At the intersection of US Interstate 39 and Illinois Highway 18 (Exit 41), travel east on IL Hwy 18 for 1.5 miles to E 6th Rd. Turn right/
south onto E 6th Rd, travel for 1.7 miles and the farm will begin on your right/west. From the South: At the intersection of Illinois Highways 17 and 251
in Wenona, travel north on IL Hwy 251 for 1.0 miles to CR 1000 N. Turn right/east onto CR 1000 N and travel 0.2 miles to E 6th Rd/CR 3100 E. Turn left/
north onto E 6th/CR 3100 E, travel for 0.5 miles and the farm will begin on your left/west. Refer to the map and watch for our signs!
Directions to Auction Site:
Wenona America Legion Post #8, 118 W. 1st South Street, Wenona, IL – From the intersection of US Interstate 39 and Illinois Highway 17 (Exit 35),
travel east on IL Hwy 17 for 0.5 miles to the intersection of IL Hwy 251. Turn left/north onto IL Hwy 17/251 and travel for 1.8 miles to W 1st South Street.
Turn left/west onto W 1st South St., travel for 1 block, and the American Legion building will be on your right/north, just south of the downtown Wenona
water tower.
Aerial Map
N
PREDOMINANT TILLABLE SOILS: Rutland
silty clay loam (375 B2), Rutland silt loam (375A),
and Wenona silt loam (388B2).
REAL ESTATE TAXES: The 2010 taxes paid in
2011 totaled $3,824.16, or $11.83 per acre.
SELLER: The Brandon Group, LLC
4
IL Hwy 251
F.S.A. DATA: According to the Marshall
County Farm Service Agency, the property
contains 305.0 tillable NHEL acres. The corn
base is 188.2 acres with direct payment and
countercyclical payment yields of 125 bushels
per acre; the soybean base is 112.2 acres with
direct and countercyclical payment yields of 37
bushels per acre. Note: The subject property is
NOT enrolled in the ACRE program.
US 51 / I-39
TOTAL ACRES: 323.13, more or less.
CR 3100 E / E 6th Rd
Property Information:
3
ATTORNEY FOR SELLER: Mr. John F.
Argoudelis – Law Offices of John F. Argoudelis,
LLC, Plainfield, IL
2
Tract Descriptions:
Tract 1: 80.55 +/- acres featuring productive
Marshall County farmland.
Tract 2: 80.54 +/- quality acres of tillable
land. Consider combining Tracts 1 & 2 for 161
+/- high horsepower acres!
Tract 3: 81.02 +/- acres of farmland with a
gentle slope and good soils.
Tract 4: 81.02 +/- acres of mostly tillable land
with a drainage ditch. Consider combining
Tracts 1-4 for 323 +/- acres that’s nearly all
tillable!
GH
Key
Roads
1
Tract Lines
N 1050 Rd
For More Information: Call Doug Hensley @ 309.647.8811
Another Gorsuch-Hensley Auction!
Located approximately 2 miles N of Wenona, 15 mi. S of LaSalle,
or 40 mi. N of Bloomington in Marshall County, IL
Auctioneer’s Note:
“Opportunities to purchase a farm of this contiguous size and quality
do not come around very often. This property offers high quality tillable land that, in recent
years, has grown 200+ bushel corn and 50+ bushel soybeans per acre. The farm is easy to
access from the north or the south, and enjoys excellent hard road frontage along its entire east
boundary – plus, the gentle slope offers good surface drainage. This property would be a terrific
addition to any farming operation, or investment portfolio – so don’t miss your chance to bid
your best price!”
Plat Map
CR 1000 N
IL Hwy 251
Subject
IL Hwy 251
US 51 / I-39
CR 3100 E / E 6th Rd
est
our B
y
d
i
B
n this
Price o y
Qualit
ll
Marsha !
Farm
County
WENONA
Reproduced with permission
of Rockford Map Publishers.
Productive & Contiguous Tillable Farmland
AUCTION TERMS AND CONDITIONS
PROCEDURE: The Property will be offered in individual tracts or in
combinations via the bidder’s choice auction system. The high bidder in the
first round of bidding can take their choice of one or more tracts at the high
bid amount. If tracts remain after the first round of bidding, round two of
bidding begins, whereby the high bidder will again have their choice to take
one or more of the remaining tracts at their high bid amount. This process
will repeat until all the tracts are matched with a high bidder and price,
subject to Seller’s acceptance. All bidding will be on a dollars per acre basis.
PAYMENT: 10% down payment on the day of the auction, upon signing a
contract to purchase. The down payment can be paid in cash, or by personal
check, corporate check, or cashier’s check. The remainder of the purchase
price is payable in cash at closing.
FINANCING / INSPECTIONS: Keep in mind that YOUR BIDDING IS
NOT CONDITIONAL UPON FINANCING, so be certain that you have
arranged financing if you need it and are capable of paying cash at closing.
In addition, YOUR BIDDING IS NOT CONDITIONAL UPON ANY BUYER
OR LENDER INSPECTION(S), so be certain you have completed your due
diligence on this property.
CLOSING: Closing will take place on or before September 30, 2011.
SURVEY: The Seller has completed a boundary survey of each auction
tract. Therefore, you will be bidding and closing based on surveyed acres.
POSSESSION: Possession will be given at closing, subject to any remaining
rights of the 2011 crop-year tenant.
TAXES: The Seller shall give the Purchaser(s) a credit at the time of closing
for the 2011 real estate taxes, payable in 2012, based upon the most recently
ascertainable tax figures available at closing.
CROP INCOME/EXPENSES: The Seller/Tenant will retain all income
attributable to the 2011 crop year, and before, and will be responsible for all
expenses attributable to same.
CONSERVATION RESERVE PROGRAM (C.R.P.) ENROLLMENT:
Approximately 8.1 acres of Auction Tract 4 that is located north of the
drainage ditch is eligible to be enrolled in a 10-year CRP program,
beginning October 1, 2011, at an annual payment rate of $201 per acre (first
payment would be received in 2012). The Purchaser of this tract will need to
declare their intention, or not, to enroll this acreage in C.R.P. prior to closing.
ACCEPTANCE OF BID PRICES: The successful bidder(s) will sign
a contract to purchase immediately following the close of bidding at the
auction. Any and all final bid prices are subject to approval by the Seller.
TITLE: Seller will furnish the successful bidder(s) an Owner’s Policy of
Title Insurance in the amount of purchase price and will provide a deed
conveying the real estate to the Purchaser(s).
MINERAL RIGHTS: All mineral rights owned by the Seller, if any, will be
transferred to the Purchaser(s) at closing.
AGENCY:
Gorsuch-Hensley Real Estate & Auction, Inc. and its
representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is being
sold on an “AS IS, WHERE IS, WITH ALL FAULTS” basis, and no warranty or
representation, either express or implied, concerning the property is made
by either the Seller or the auction company. Each bidder is responsible
for conducting its own independent inspections, investigations, and all
due diligence concerning the property and the auction and do so at their
own risk. Neither the Seller nor the auction company are warranting any
specific zoning classification, location of utilities, assurance of building
permits, driveway permits or water or septic permits; nor warranting or
representing as to fitness for a particular use, access, water quantity or
quality, or physical or environmental condition. Information contained
in this brochure is subject to verification by all parties relying on it.
Diagrams/dimensions in this brochure are approximate. All acreages
are estimates. All information contained in this brochure and any related
materials are subject to the terms and conditions of sale outlined in
the purchase contract. Auction conduct and bidding increments are at
the sole direction and discretion of the auctioneer. All decisions of the
auctioneer are final. The Seller and the auction company reserve the
right to preclude anyone from bidding if there is a question as to the
person’s credentials, fitness, intent, etc. ANNOUNCEMENTS MADE BY
THE AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE
OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL
STATEMENTS MADE.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior
to the scheduled auction time to inspect any changes, corrections, or
additions to the property information.
NOTE: Videotaping, photography, and/or announcements will be allowed
on auction day ONLY with prior approval from Gorsuch-Hensley Real
Estate & Auction, Inc.
www.gorsuch-hensley.com
Soils Map
Illinois
Marshall
012-030N-001E
Evans
308.3
7/21/2011
State:
County:
Location:
Township:
Acres:
Date:
Maps provided by:
Fsa borders provided by the Farm Service Agency as of May 23, 2008.
Soils data provided by USDA and NRCS.
PLSS provided by Illinois State Geological Survey.
©AgriData, Inc 2008
www.AgriDataInc.com
Code
Soil Description
Acres
Percent
of field
Corn
Bu/A
Soybeans
Bu/A
Wheat
Bu/A
Crop productivity
index for
optimum
management
**375B2
Rutland silty clay loam, 2 to 5 percent slopes, eroded
112.4
36.5%
**171
**55
**67
**126
375A
Rutland silt loam, 0 to 2 percent slopes
72.7
23.6%
180
58
71
133
**388B2
Wenona silt loam, 2 to 5 percent slopes, eroded
68.4
22.2%
**164
**53
**65
**123
**91B2
Swygert silty clay loam, 2 to 5 percent slopes, eroded
28.4
9.2%
**147
**48
**59
**110
435A
Streator silty clay loam, 0 to 2 percent slopes
25.8
8.4%
177
58
69
131
8107A
Sawmill silty clay loam, 0 to 2 percent slopes, occasionally flooded
0.6
0.2%
189
60
71
139
Weighted Average
170.1
54.9
67
126.1
Table: Optimum Crop Productivity Ratings for Illinois Soil by K.R. Olson and J.M. Lang, Office of Research, ACES, University of Illinois at
Champaign-Urbana. Version: 1/15/2011 Amended Table S2 B811 (Updated 3/1/2011)
Crop yields and productivity indices for optimum management (B811) are maintained at the following NRES web site: http://soilproductivity.nres.illinois.edu/
** Indexes adjusted for slope and erosion according to Bulletin 811 Table S3
*** ESTIMATE OF 2011 CROPPED SOILS FOR THE ENTIRE FARM ***
Soils Map
Illinois
Marshall
012-030N-001E
Evans
80.5
8/1/2011
State:
County:
Location:
Township:
Acres:
Date:
Maps provided by:
www.AgriDataInc.com
Code
Soil Description
Acres
Percent
of field
Corn
Bu/A
Soybeans
Bu/A
Wheat
Bu/A
Crop productivity
index for
optimum
management
**388B2
38
47.1%
**164
**53
**65
**123
**375B2
26.9
33.4%
**171
**55
**67
**126
375A
14.4
17.9%
180
58
71
133
8107A
Sawmill silty clay loam, 0 to 2 percent slopes, occasionally flooded
0.6
0.7%
189
60
71
139
435A
0.4
0.5%
177
58
69
131
**91B2
0.2
0.3%
**147
**48
**59
**110
Weighted Average
169.2
54.6
66.7
125.8
*** ESTIMATE OF TRACT 1 SOILS ***
Soils Map
State:
County:
Location:
Township:
Acres:
Date:
Illinois
Marshall
012-030N-001E
Evans
80.5
8/1/2011
Maps provided by:
www.AgriDataInc.com
Code
Soil Description
Acres
Percent
of field
Corn
Bu/A
Soybeans
Bu/A
Wheat
Bu/A
Crop productivity
index for
optimum
management
**375B2
36
44.7%
**171
**55
**67
**126
375A
24.5
30.5%
180
58
71
133
**388B2
16.8
20.9%
**164
**53
**65
**123
435A
3.2
4.0%
177
58
69
131
Weighted Average 172.7
55.7
67.9
127.8
Soils Map
State:
County:
Location:
Township:
Acres:
Date:
Illinois
Marshall
001-030N-001E
Evans
81.1
8/1/2011
Maps provided by:
www.AgriDataInc.com
Code
Soil Description
Acres
Percent
of field
Corn
Bu/A
Soybeans
Bu/A
Wheat
Bu/A
Crop productivity
index for
optimum
management
**375B2
42.1
51.9% **171
375A
14.6
18.0%
180
435A
10.8
13.3%
177
58
69
131
**91B2
6.9
8.5% **147
**48
**59
**110
**388B2
6.7
8.2% **164
**53
**65
**123
55.1
67.1
126.2
**55
**67
**126
58
71
133
Soils Map
State:
County:
Location:
Township:
Acres:
Date:
Illinois
Marshall
001-030N-001E
Evans
81.1
8/1/2011
Maps provided by:
www.AgriDataInc.com
Code
Soil Description
Acres
Percent
of field
Corn
Bu/A
**91B2
21.5
26.5% **147
375A
19.1
23.6%
180
435A
18.6
22.9%
**375B2
**388B2
**375B2
Soybeans
Bu/A
Wheat
Bu/A
Crop productivity
index for
optimum
management
**48
**59
**110
58
71
133
177
58
69
131
11
13.6% **171
**55
**67
**126
10.8
13.3% **164
**53
**65
**123
0.1
0.1% **171
**55
**67
**126
54.3
66
124.2

323+/- Acres in 4 TrAcTs

Transcription

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