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Auction Information

Shelby County, Illinois Land Auction

Fri Nov 12 - 10:00AM


Online Auction, Shelbyville, IL Click to Map


Sullivan Auctioneers, LLC

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Auctioneer ID#: 43943

Phone: 844-847-2161

License: 444000107

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Friday, November 12, 2021 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Shelby County, Illinois


SELLER

Heirs of Zelma Eileen Powers & Darrell Powers

MANAGED BY

Kevin Haas (309) 264-7767

John Sullivan (309) 221-6700

GENERAL INFORMATION

123.74 Taxable Acres • 2 Tracts

The Powers family land contains a total of 123.74 taxable acres and will be sold in 2- tracts. Both tracts are located north of Shelbyville, IL, or approximately 30 miles south of Decatur, IL. Tract 1 is approximately 5 miles north of Shelbyville and is further described as being located in Sections 26 and 27, and Tract 2 is approximately 9 miles north in Section 2, all in T12N-R3E, Ridge Township, Shelby County, IL.

Tract 1 contains 71.9 acres and represents nearly all tillable, productive farmland; Tract 2 contains 51.84 acres and represents productive tillable acres, wooded draws, and is improved with an older home and farm outbuildings.


TRACT INFORMATION

TRACT 1 - 71.9 TAXABLE ACRES

  • FSA maps indicate 71.7 cropland acres
  • Soil Productivity Index (PI): 129.9
  • Soil types include Dana, Raub and Drummer
  • Road access along the south side by County Road 1650N
  • Nearly all tillable productive farmland

TRACT 2 - 51.84 TAXABLE ACRES

  • FSA maps indicate 38.5 cropland acres
  • Soil Productivity Index (PI): 123.9
  • Soil types include Parr, Dana and Flanagan
  • The balance of the acres is a wooded waterway which offers hunting and outdoor recreational opportunities.
  • Improvements include an older 1-story home in need of major repair, several small grain bins and other outbuildings
  • Road access along the west side by County Road 1600E & along the north side by County Road 2100N

METHOD & TERMS

Both tracts will be sold individually, by the acre based on the taxable acres. Each tract will sell individually and the tracts will not be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten 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 be on or before December 15, 2021. Possession will be given at the time of closing subject to the current 2021 farm lease.

The 2021 real estate taxes will be paid by the sellers. The 2022 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. 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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.



Heirs of Zelma Eileen Powers & Darrell Powers

 

Representing Attorney:

John V. Freeman

220 N Morgan St.

Shelbyville, IL 62565

(217) 774-9595

 

Auction Managers:

Kevin Haas (309) 264-7767

John Sullivan (309) 221-6700

Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.