18.94 Acre Class A Farmland Auction, Morgan County

SOLD! $13,500/ACRE

A terrific opportunity to own a high-caliber parcel minutes from Jacksonville! This highly productive Class A farm consists of 18.94 taxable acres of which 18.4 are tillable. The tillable acreage is comprised of Osco, Ipava and Muscatune soils, resulting in a very strong productivity index rating of 140.1. Located just 4 minutes East of Jacksonville right along Old State Road, the location and access don’t get much better than this. The parcel is unimproved and tenancy is open for the 2018 growing season.

Location: Central Morgan County, 4 minutes East of Jacksonville in Section 18 – Township 15N – Range 9W
Topography: Level
Mineral Rights: In tact
Taxes: TBD
Possession: At closing
Sellers: David, Guy and Gary Mattson, and Gayle Pollock
Representing Attorney: Richard K. Crews · Thomson, McNeely, Crews, Hurst & Theilen · Jacksonville, Illinois · 217.245.7148

Sales 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 December 8, 2017. Possession will be given at closing or Buyer shall have immediate possession after signing a hold harmless liability waiver naming Seller not liable for time period until 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. 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 for the Mattson family 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.. 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. It is the intent of Guy Mattson, David Mattson and Gayle Pollock to use this transaction in an internal revenue code 1031 Tax Free Exchange. 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.