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Auction Information
Auctioneer Sullivan & Son Auction LLC 217-743-5200
Auction Date Dec 14 Auction
Location
4821 Oak Street
Quincy, IL
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 38274
    Property Address    
1524N - 1750th
Fowler, IL 62338
    Attached Files    
Gramke Sale Bill (PDF)


MARIE G. GRAMKE ESTATE AUCTION


Auction to be held the Holiday Inn Quincy East, 4821 Oak Street, Quincy, IL.


LOCATION & GENERAL INFORMATION - The Gramke farm, which contains 84 acres (subject to survey), is located at 1524N - 1750th, Fowler, IL. From Quincy, IL, take Highway 172 north to Highway 24, then 4 miles east (2 miles east of Fowler) to Road 1500, then a short distance south over the tracks to Roads N1750th Ave - E1500th St, then ¼ mile east.

Tract 1 - 65 acres (subject to survey). FSA figures indicate 62 acres tillable with the balance being waterways. Over half of this tract contains Ipava, Virden and Rozetta soils. The ground lays level on the south end to rolling on the north with several dry dams that were reworked three years ago. Access is by Road N1700 along the entire south end.

Tract 2 - 16 acres (subject to survey). This is a very nice smaller tract of rolling pasture with a small creek running through it. Access is by Road N1750 along the north end. Tract 1 borders the south side of Tract 2.

Tract 3 - 3 acres (subject to survey). Located at the northwest corner of Tract 2 and improved with a 2-story, 4-bedroom home. This house is currently being rented but is in need of some remodeling. If interested in viewing the home, please make plans to attend the Open House on Sunday, November 27th from 11:00 a.m. to 1:00 p.m. Other improvements on this tract include a barn and few other older outbuildings. Road N1750 borders the north end.

 

TERMS OF SALE - Tracts 1 and 2 will be sold on a price per acre basis with the survey, which will be completed prior to the auction, determining the exact acres of each tract. Tract 3 will be sold for a "total dollar amount". They will be sold in the order listed and will not be combined. Ten percent of the bid price to be paid on day of sale with the balance due on or before January 17, 2017. Title Insurance in the full amount of the purchase price will be provided by the Seller. The 2016 real estate taxes due in 2017 will be paid by the Sellers on all tracts with the 2017 and all subsequent taxes being the responsibility of the Buyer(s). Full possession will be given as time of closing with the possible exception of Tract 3, which will be no later than January 31, 2017. Tracts 1 and 2 sell free of any farm leases. Immediately following the auction, the successful Buyer(s) shall be required to enter into a written purchase agreement with the Seller. A copy of said contract may be inspected prior to the auction by contacting the Attorney for Seller, James A. Rapp at 217-223-3030. All announcements made at the auction shall supersede any prior advertising.


OPEN HOUSE - SUNDAY, NOVEMBER 27, 2016 FROM 11 AM - 1 PM!


For more information about this sale, please visit www.SullivanSonAuction.com.


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Auctioneer License Information: 440.000469

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