SHELBY COUNTY, IL LAND AUCTION - BRYANT, WEAKLY & DAILY

Thursday, November 14, 2024 - 1:00 PM 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

Shelby County, Illinois

The farm is located 9 miles east of Moweaqua, 5 miles west of Bethany, or 15 miles south of Decatur, IL. It is further described as being located in Section 26, T14N-R3E, Penn Township, Shelby County, Illinois.

SELLER

Bryant, Weakly & Daily Farm

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

160.8 surveyed acres 2 tracts

This 100% Flanagan/Drummer soil farmland offers the best of what central Illinois has to offer. Its conveniently located near the desirable Decatur grain market outlets.

TRACT INFORMATION

Tract 1 80.4 surveyed acres

FSA records indicate approximately 81 NHEL cropland acres (split field)

Productivity Index (PI): 144

Soil types include Drummer and Flanagan

100% tillable

100% Class A soils!

Access along the west side from 1600E Rd

Tract 2 80.4 surveyed acres

FSA records indicate approximately 80 NHEL cropland acres (split field)

Productivity Index (PI): 144

Soil types include Drummer and Flanagan

100% Class A Soils!

Improvements include a grain bin and 40 x 60 pole building

Access along the west side from 1600E Rd

REAL ESTATE TAX INFORMATION

Both tracts combined

PIN 1302-26-00-300-001 - 160.0A - $10,560.58

SOIL TEST RESULTS

PH - 6.0

P - 37#/A

K - 259#/A

YIELD HISTORY

2023 Beans 76.5 BPA

2022 Corn 265 BPA

2021 Beans 65 BPA

METHOD & TERMS

Both tracts will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts for their high bid, the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 Monday, December 16, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Seller is keeping all the 2024 crop income. Possession at closing subject to an existing lease for the 2024 crop year. Open lease for 2025 crop year.

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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Bryant, Weakly & Daily Farm

Representing Attorney:

Nancy Handegan | Handegan Law Office

100 S. Water Street, Suite 102, PO Box 467, Decatur, IL 62523 | (217) 422-2420

Auction Manager:

Kevin Haas (309) 264-7767