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Auction Information

Hancock County, IL Land Auction- Humphry

Fri Feb 18 - 10:00AM


Online Auction, Hamilton, 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, February 18, 2022 - 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

Hancock County, Illinois


SELLER

Humphry Family Farm

MANAGED BY

Michael Sullivan (309) 333-0916



REPRESENTING ATTORNEY

BERNARD H. OWENS III (CHIP OWENS)

HAUK & OWENS

811 MAINE STREET  |  QUINCY, IL 62301

PHONE (217) 214-2757  |  FAX (217) 651-4922

LOCATION & GENERAL INFORMATION

63.62 TAXABLE ACRES  1 TRACT

The Humphry Family Farm is located a short distance east of Hamilton, IL along Hwy 136.  The farm is further described as being located in Section 28, T5N - R8W, Montebello Twp, Hancock County, IL.

The farm represents productive tillable farmland with an ideal location & endless possibilities.

TRACT INFORMATION

  • FSA figures indicate 67.0 acres of NHEL cropland currently in row crop production
  • Crop Productivity Index (PI) Rating: 128.4
  • Productive soil types include Rubio, Timewell, Virden & Clarksdale
  • Development potential
  • Sells with cash rent agreement for the 2022 crop year only
  • Access is along the north side by Hwy 136

METHOD & TERMS

The farm will be sold on a price per acre basis, based on taxable acres.

Immediately following the auction, the successful buyer 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 take place on or before Tuesday, March 18, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only - the new buyer will receive 100% of the cash rent income - contact auction company for details.

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

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, 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”.

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.