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Auction Information

Clay County, IL Land Auction- Pilcher

Fri Feb 11 - 10:00AM


Online Auction, Iola, 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 11, 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

Clay County, IL

210 Taxable Acres± • 2 Tracts


SELLER

Patricia Griffith Pilcher Trust

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

Land is located in Sections 28 & 33, T5N•R5E, Larkinsburg Township, and Section 8, T4N•R5E, Oskaloosa Township, Clay County, IL.


REAL ESTATE TAX INFORMATION

Tract 1
PIN 01-28-400-003 - 40.0 acres - $500.56
PIN 01-28-400-005 - 32.0 acres - $330.84
PIN 01-33-200-003 - 18.0 acres - $225.96
Tract 2
PIN 05-08-200-001 - 80.0 acres - $1186.92
PIN 05-08-300-002 - 40.0 acres - $575.78

SOIL TEST RESULTS

Tract 1
pH - 6.6
P - 113#/A
K - 230#/A
Tract 2
pH - 6.7
P - 70#/A
K - 226#/A

FSA INFORMATION

Note: The NW 40 acres of FSA tract 1979 is not included in the auction.

LOCATION & GENERAL INFORMATION

Tract 1 of the Patricia Griffith Pilcher Trust real estate is located 1-mile northwest of Iola, IL and Tract 2 is located 3-miles southwest of Iola, IL. Iola is located approximately 20 miles south of Effingham, IL. Tract 1 is further described as being located in Sections 28 & 33, T5N•R5E, Larkinsburg Township, and Tract 2 in part of Section 8,T4N•R5E, Oskaloosa Township, all in Clay County, IL.

The land contains a total of 210 taxable acres and will be sold in 2-tracts - both tracts represent nearly all-tillable cropland with productive soils. Farmers and investors, be sure to check out these Clay County, IL farms.

TRACT INFORMATION

Tract 1 - 90 Taxable Acres± 

  • FSA records indicate 87.31 NHEL cropland acres
  • Soil Productivity Index: 97
  • Soil types include Wynoose Silt and Bluford
  • Access along the north side from CR 1625 N and along the east side from CR 300 E (Edgewood Rd)

 

Tract 2 - 120 Taxable Acres±

  • FSA records indicate 114.86 cropland acres
  • Soil Productivity Index: 106.9
  • Soil types include Hoyleton and Cisna
  • Access along the north side from CR 1400 N (Cardinal Ln)

METHOD AND TERMS

Both tracts will be sold on a price per acre basis, based on the taxable acres and offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts (in any order) for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. 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 enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non refundable down payment. The balance of the bid price will be due at closing, on or before March 11, 2022. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. 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 and the land sells free and clear of tenancy for 2022.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in our brochure 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 pertaining to the property. The real estate is being sold “As Is”.


Patricia Griffith Pilcher Trust

James Schwerman, Trustee VP Trust Officer & Farm Manager

 

Representing Attorney:

Dustin Probst

Dove & Dove, Attorneys at Law

151 S Morgan St

Shelbyville IL 62565

217-774-2137

 

Auction Manager:

Kevin Haas (309) 264-7767


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