66.09± Acre Class A Farmland Auction, Scott County

Tract 1: 38.14± Taxable Acres – SOLD FOR $12,500/ACRE
This tract contains 38.14 taxable acres of which 34.76 acres are in cropland. The tillable acres carry a weighted Productivity Index Rating of 137.2 and are comprised of Class A loams Osco and Ipava. This farm is easily accessed from Old Route 36 and is conveniently located at the North edge of Winchester. This is a great opportunity to own a small, productive tract of Scott County farmland. Estimated 2017 taxes: $1,028.88. Note: USDA indicates 36.83 tillable acres, however that number includes a 2.07 acre waterway. As stated above, 34.76 acres are currently being farmed.

Tract 2: 27.95± Taxable Acres – SOLD FOR $6,700/ACRE
Tract 2 is another highly-productive, small tract! Of the 27.95 acres, 23.69 acres are being cropped and carry a weighted Productivity Index Rating of 136.1. City water follows the highway along this tract. Like Tract 1, this tract has good access and is conveniently located adjacent to Winchester; it is just across Old Highway 36 to the South of Tract 1. Estimated 2017 taxes: $793.38. Note: USDA indicates 24.96 tillable acres, however that number includes 1.27 acres of waterways. As stated above, 23.69 acres are currently being farmed.

Auction Format: Tracts 1 and 2 will be offered separately. Then, an approximate minimum advance of $50 per acre will be applied before bidding begins on Tracts 1 and 2 as one unit. The sale will be awarded to whichever generates the highest total sales price. The sale is subject to Sellers’ approval.

Location: Tracts 1 and 2 are both located in Scott County, Illinois Section 20, Township 14N, Range 12W adjoining the City of Winchester.

Sale Terms:
Upon conclusion of auction, Sellers and Buyer(s) shall enter into a Purchase Agreement, with the Buyer(s) to pay ten percent (10%) of the purchase price as down payment. Balance due and payable on or before March 16, 2018. Possession will be given at closing. The property is free of any tenant’s rights for 2018. Seller will convey by Trustees’ Deed, and will furnish title insurance in amount of the purchase price. Sellers will pay the 2017 real estate taxes payable in 2018 by giving Buyer(s) a credit against the purchase price or by tax escrow. Buyers will pay the 2018 real estate taxes and all years thereafter. Procurement of financing shall be the sole responsibility of the Buyer(s) and must be obtained prior to the auction. Broker is acting as the Seller’s agent and is not representing any Buyer(s). The property is being sold “AS IS” without representation or warranty expressed or implied. The sale is subject to Sellers’ approval. The property is being sold by the acre based on county tax records, as printed on this page. Total purchase price will be calculated based on those acres, more or less, and without a survey. Tracts 1 and 2 will be offered separately. Then, an approximate minimum advance of $50 per acre will be applied before bidding begins on Tracts 1 and 2 as one unit. The sale will be awarded to whichever generates the highest total sales price. Auctioneer reserves the right to set the bid increments. Sellers are not responsible for any accidents that may occur while inspecting the property. Buyer(s) should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to these properties. ANNOUNCEMENTS MADE BY THE BROKER AND/OR AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Sellers: The Heirs of Tom W. Coultas

Attorneys: Richard Freeman, Rammelkamp Bradney, P.C., 217.245.6177 and Richard Gillingham, Gillingham Abstract & Title Company, 217.942.5244

Information was obtained from private and public sources with best efforts to express same as accurately as possible and is subject to individual verification. No liability for inaccuracies, errors or omissions is assumed by the owners or their agents. Boundaries on photos are approximate.