Auction Information
Auctioneer Richard A. Olson & Assoc. Inc. 815-942-4266
Auction Date Apr 28 Auction
Location
Moose Lodge #967
3835 N IL-47
Morris, IL
Time 10:00AM
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Flyer (PDF)

LAND AUCTION: 340 +/- ACRES - THREE TRACTS
GOOSE LAKE & FELIX TWPS - GRUNDY COUNTY
Saturday, April 28, 2018 at 10:00 a.m.

Auction Location: Moose Lodge #967, 3835 N IL-47, Morris, IL 60450
Directions: Approximately 2.5 miles South of the I-80/IL-47 interchange on IL-47; or 1 mile South of the Illinois River Bridge.

Farm Locations: Click here for map of all three tracts or see tract directions below.

340 Acres to be split into THREE Tracts sold individually
2017 Average Yields = 242 Bu. Corn & 59 Bu. Soybeans

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TRACT 1: 80 Acres

-Farm Location: From Coal City, IL, head West 2 miles on IL-113 to Jugtown Rd, then North 1.5 miles to Whitetie Rd. The Southwest corner of the farm sits at intersection of Jugtown & Whitetie Rd.

-Legal Description: S 1/2 of the NW 1/4 of Sec 28; Felix Twp
-PIN# 06-28-100-005
-Sold per Gross Surveyed Acres
-2016 Taxes = $503.94 ($6.30/acre)
-Farm Lease Open for 2018
-All Tillable - Includes 4 Building Permits
-Mainly Gilford, Ridgeville, Ade and Roby soils.

-Soil Ratings: Corn: 146.8; Soybeans: 49.5; Wheat: 60.1
-Overall Crop Productivity Index = 110.3 CPI

-Download the following Tract 1 information:
Flyer - Aerial Map - Soil Map - Topography Map - FSA Map - FSA Report (all farms) - Tax Map - Soil Test Results

 


TRACT 2: 106.1 Acres

-Farm Location: From Coal City, IL, head West 2 miles on IL-113 to Jugtown Rd, then North 1.5 miles to Whitetie Rd, then West 1.5 miles to the farm on the South side of the road.

-Legal Description: Part of the E1/2 of the SW 1/4 of Sec 30 and Part of the West 1/2 of the SE 1/4 of Sec 30; Goose Lake Twp
-PIN1# 06-30-300-004 (43.91 Ac)
-PIN2# 06-30-400-004 (62.19 Ac)
-Sold per Gross Surveyed Acres
-2016 Taxes = $1,220.06 ($11.50/acre)
-Farm Lease Open for 2018
-Mostly Tillable - Includes at least 5 Building Permits
-Mainly Selma, Bryce, Andres and Nappanee soils.

-Soil Ratings: Corn: 165.9; Soybeans: 54.5; Wheat: 65.5
-Overall Crop Productivity Index = 122.8 CPI

-Download the following Tract 2 information:
Flyer - Aerial Map - Soil Map - Topography Map - FSA Map - FSA Report (all farms) - Tax Map - Soil Test Results (East) - Soil Test Results (West)

 


TRACT 3: 160 Acres with Country Home, Bins & Buildings

-Farm Location: From Coal City, IL, head West 2 miles on IL-113 to Jugtown Rd, then North 1 mile to the farm on the West side of the road. There are power lines (running West to East) at the Northern end of the farm.

-Legal Description: NE 1/4 of Sec 32; Goose Lake Twp
-PIN1# 06-32-200-001 (N1/2 of NE1/4) - Incl 3 Bldg Permits
-PIN2# 06-32-200-003 (S1/2 of NE1/4) - Incl 4 Bldg Permits
-Sold per Gross Surveyed Acres
-2016 Taxes = $3,365.08 ($21.03/ac includes house, bins & buildings)
-Farm Lease Open for 2018
-Mostly Tillable—Includes House, Bins & Buildings
-Mainly Bryce, Ridgeville, Swygert, Papineau and Selma soils.

-Soil Ratings (approx 148 Tillable Acres): Corn: 159.6; Soybeans: 52.9; Wheat: 63.6
-Overall Crop Productivity Index = 119.1 CPI

-Download the following Tract 3 information:
Flyer - Aerial Map - Soil Map - Topography Map - FSA Map - FSA Report (all farms) - Tax Map - Soil Test Results (SE) - Soil Test Results (N & W) - House & Building Photos


Owner: The Talty Farms

Seller’s Attorney: Tim Malmquist
Malmquist, Geiger & Durkee Law Firm
415 Liberty St
Morris, IL 60450
815-942-5072

AUCTION TERMS: The Seller shall provide a clear title & survey to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into a sales contract on day of sale and deposit 10% earnest money PER TRACT to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2017 farm income. Buyer will receive a credit at closing for the 2017 taxes due in 2018. The farm lease will be open for the 2018 crop year. Closing on or before May 28, 2018.

Auctioneers:

Richard A. Olson     IL License #440.000585   
815-942-4266 (o)                815-258-3003 (c)

Erik C. Olson           IL License #441.001909
815-942-4266 (o)                815-931-0699 (c)


www.richardaolson.com




Auctioneer License Information: 440.000585

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