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Auction Information
Auctioneer Cowman Auction LLC 217.488.6440
Auction Date Dec 10 Auction
Location
Beard Implement Conf. Room
2298 State Hwy. 123
Ashland, IL
Time 01:00PM
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Auction Listing
AuctionZip Auctioneer ID# 37758
    Property Address    
3042 Old State Road
Alexander, IL 62601
    Attached Files    
Soil Maps (PDF)
Foster all tracts (PDF)
Foster brochure (PDF)

 Morgan County  

Land Auction

Foster Farms 234.998 +/- NEHL acres

Saturday, December 10, 2016 at 1:00 p.m.

Sale Location:

Beard Implement Conference Room

2298 State Hwy. 123 - Ashland, IL 62612


PARCEL LOCATIONS: Approximately 15 miles west of Springfield on Old Jacksonville Road; or approximately 10 miles east of Jacksonville on Old State Road.  Watch for signs.  Interested parties may view the land at their convenience.  Please visit our website at cowmanauction.com or auctionzip.com #37758 for more details.

BRIEF LEGAL 

Tract 1 – Vivian Kay Foster (43.517 +/- NHEL acres):  Part of the North Half and the South Half of Section 7, Township 15 North, Range 8 West of the Third Principal Meridian, Morgan County, Illinois.

Tract 2 – Robert F. & Anna Lois Foster Trusts (90.920 +/- NHEL acres): Part of the North Half of Section 7, Township 15 North, Range 8 West of the Third Principal Meridian, Morgan County, Illinois.

Tract 3 – Robert F. & Anna Lois Foster Trusts (100.561 +/- NHEL acres): Part of the South Half of Section 6 and Part of the North Half of Section 7, All in Township 15 North, Range 8 West of the Third Principal Meridian, Morgan County, Illinois.

Each tract is tiled, with 40’ easement on east side.

Click the link to view the video:  https://youtu.be/TTreXPrYgxQ

TAXES

Tract 1:  approx. $1456.08; Subject to reassessment

Tract 2:  approx. $3042.18; Subject to reassessment

Tract 3:  approx. $3364.77; Subject to reassessment

SOIL TYPES

Tract 1:  Consists of Ipava Silt Loam, Muscatine Silt Loam, and Osco Silt Loam. 

Tracts 2 & 3:  Consist of Ipava Silt Loam, Muscatine Silt Loam, Sable Silty Clay Loam, Osco Silt Loam, Elkhart Silt Loam, and Lawson Silt Loam.

AVERAGE SOIL TEST RESULTS

Ph – 6.3

P1 – 65

K – 462.5

YIELDS        2012     2013     2014     2015     2016

Corn                 168       256       261       188       235

Soybeans           59         82         75          73         75

TERMS

Tract 1:  The farm will be sold alone on a price per acre basis. The official survey is complete; the surveyed tract acreage will be used to calculate the final tract settlement price. 

Tracts 2 & 3 will be sold separately; and then will be offered together.  The tracts will be sold on a price per acre basis. The official survey is complete; the surveyed tract acreage(s) will be used to calculate the final tract settlement price. 

Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing.  The 2015 real estate taxes due and payable in 2016 have been paid by the seller.  The buyers will receive a credit at closing for the 2016 taxes based on the latest ascertainable real estate information available.  Sellers will provide title insurance in the amount of the purchase price.  Possession will be given at the time of closing.

All announcements sale day shall take precedence over any prior advertising either written, oral or electronic. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate and are for demonstration purposes. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is” subject to all easements written or unknown.  Buyers must have financing arranged prior to sale day.

Sellers:  Vivian Kay Foster and Robert F. & Anna Lois Foster Trusts

Eddie Carpenter, Attorney | Jacksonville, IL

 COWMAN AUCTION LLC 

Aron                            Ron                             Edward

217-473-4840             217-473-7550             217-473-0411

                                            IL Lic #440000385                IL Lic #440000326                 IL Lic #440000325

 NEW BERLIN, IL




Auctioneer License Information: 440000325

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