PUBLIC AUCTION
SATURDAY, DECEMBER 7, 2019 11:00AM
CLAY COUNTY, IL – 100 ACRES EXCELLENT FARMLAND, HUNTING, & HOMESITES
SOLD 12/7/2019 for $477,500 ($4775/ac Average)
Tract 1 sold for $166,000 ($4150/ac)
Tract 2 sold for $311,500 ($5191/ac)
Location: From Louisville, IL go North on Hwy. 45 5mi. To Stilt Lane, then go west 1mi. Tract 2 is on the north side of the road & Tract 1 is on the south side. Approx. 6mi. NW of Louisville, IL, 20mi. S of Effingham, IL & 100mi. E of St. Louis, MO.
Location of Auction: Keller Convention Center/Holiday Inn —1202 N. Keller Dr., Effingham, IL
Legal Description: Tract 1 – (PIN: 02-28-300-001) NW 1/4 SW 1/4 Tract 2 – (PIN: 02-28-100-005) E 1/2 SW 1/4 NW 1/4 & SE 1/4 NW 1/4 all located in Sec. 28, T5N R6E 3rd P.M., Clay Co., IL
This farm has been owned by the same family since 1912.
TRACT 1 40 acres +/- Farmland
- This is a very productive tract of farmland with excellent homesites
- 36.17 FSA measured tillable acres in row crop production & 1.15 acres in CRP paying $160/yr. = 93% income producing acres
- Soil Types: Passport, Bluford, Creal, Ava, & Holton
- Weighted Crop Productivity Index (CPI) of 93.7
- 1/4 mile township road frontage along the northern border
- All utilities are available to this property which would make an outstanding homesite
TRACT 2 60 acres +/- Farmland, Woods, Home, & Buildings
- This is a very attractive tract with excellent income, beautiful country homesites, & outstanding hunting/recreation.
- 37.75 FSA measured tillable acres (63%) in row crop production
- Tillable Soil Types: Bluford, Wynoose, & Passport
- Tillable Acres Weighted Crop Productivity Index (CPI) of 97.7
- 1/4 mile township road frontage along the eastern border & 3/8 mile township road frontage along the southern border
- This tract is improved with an older home, a detached garage, and a metal sided pole building all being sold “As Is.”
TRACT 3 100 acres +/- Farmland, Woods, & Homesites – Combination of Tracts 1 and 2
TERMS ON REAL ESTATE: 15% of the purchase price placed down day of sale and the balance due at closing on or before December 31, 2019. Sellers guarantee good and merchantable title. Sellers will pay the 2019 real estate taxes due and payable in 2020. Buyer(s) will pay all subsequent taxes thereafter. 2018 real estate taxes on Tract 1 were $310.42 and Tracts 2 were $1,675.00. Sellers retain no mineral rights; however, subject to any prior reservations. Possession will be following the 2019 fall harvest. Sellers and Buyer(s) will enter into a Sales Contract day of sale. All announcements day of sale take precedence over any previously printed materials or advertisements.
No Buyers Premium
SELLERS: DOROTHEA MORRIS FARM TRUST
ATTORNEY FOR THE SELLERS: ROBERT COBLE OF COBLE & MALONE LAW OFFICE – FLORA, IL
CARSON AUCTION & REALTY CO.
COL. JUSTIN CARSON #441.001711
Managing Broker, Certified General Appraiser, & Auctioneer 618-662-4911
204 E. North Ave., Flora, IL 62839
www.carsonauctionandrealty.com
