CUMBERLAND COUNTY, IL LAND AUCTION – WAKEFIELD

Friday, March 31, 2023 - 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

HOW TO PARTICIPATE IN A VIRTUAL ONLINE AUCTION

LOCATION

Cumberland County, Illinois

The farm is located in Section 24, Greenup Township (10N.9E) Cumberland County, Illinois. From the junction of interstate 70 and St Rt 130 (at the north edge of Greenup, Illinois) go north on St Rt 130 approximately 3 miles. Or from Charleston, Illinois go south on St Rt 130 approximately 12 miles. The farm is located on the west side of St Rt 130.

SELLER

Nina Rossine Wakefield EST
Connie Davis, Executor

MANAGED BY

Jim Sullivan (217) 440-8127
& David Smith (217) 841-0821

GENERAL INFORMATION

This farm offers tillage cropland, premier hunting/recreational acreage and potential home building sites!

TRACT INFORMATION

1 Tract - 149.4 Surveyed Acres

FSA information should indicate 95.83 acres of cropland
(of which 30.87 acres are currently enrolled in CRP)
CRP contract #10032D through 9-30-2028
23.6 acres @ $200.00 per acre ($6,608.00 annually)
CRP contract #11864B through 9-30-2027
7.72 acres @ $175.68 per acre ($1,277.00 annually)
Total CRP annual payment of over $7,800.00!
PI rating of 116.2 on the cropland acres
Hurricane creek runs through the property as well as 50+ acres wooded offering premier hunting/recreational opportunities
Access along the entire east side of the property by St Rt 130

METHOD & TERMS

Bidding will be on a per acre basis based on surveyed acreage.

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 April 28, 2023. The seller will provide Title Insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for 2023 and all subsequent taxes. Possession will be given at the time of closing. The properties sell free and clear of tenancy for 2023 and beyond.

Bidding is NOT subject to any 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”.