LASALLE COUNTY, IL LAND AUCTION - WEITZ

Wednesday, November 13, 2024 - 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

LOCATION

LaSalle County, Illinois

The Weitz Farm is located 4 miles south of Seneca or 12 miles southwest of Morris, IL. It is further described as being located in Section 13, T32N-R5E, Brookfield Township, LaSalle County, Illinois.

SELLER

Rosemary Devaney Weitz Farm LLC

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

237.403 surveyed acres 2 tracts

Farmers & investors dont miss this opportunity to purchase a well-maintained farm close to several river terminal grain market outlets.

TRACT INFORMATION

Tract 1 116.430 surveyed acres

FSA records indicate approximately 115 NHEL cropland acres (split field)

Productivity Index (PI): 118.3

Soil types include Swygert and Bryce

Home, bins, and buildings are excluded

Access along the north side from N22nd Rd

Tract 2 120.973 surveyed acres

FSA records indicate approximately 115 NHEL cropland acres (split field)

Includes 4.8 CRP acres, $1,567.00 annual payment, expires 9/30/2030

Productivity Index (PI): 118.8

Soil types include Bryce, Swygert, and Elliott

Hog Run drainage ditch provides an excellent drainage outlet

Access along the north side from N22nd Rd and along the east side from E30th Rd (county line)

NOTE: The survey stakes will be put up after harvest

REAL ESTATE TAX INFORMATION

PIN 29-13-101-000 - 78A - $3022.26

This includes the house and building site area, which is not included in the auction

PIN 29-13-200-000 - 80A - $1408.30

PIN 29-13-201-000 - 80A - $1350.38

YIELD HISTORY - BOTH TRACTS COMBINED

Year - Corn Beans

2020 - 208 60

2021 - 229 61

2022 - 218 69

2023 - 234 72

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 Friday, December 13, 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. Seller is keeping all the 2024 crop and CRP income. Possession at closing subject to an existing lease for the 2024 crop year that ends December 31, 2024. 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.

Rosemary Devaney Weitz Farm LLC

Representing Attorney:

Frank J. Black | Black & Black Lawyers

201 Liberty St, Suite 211, Morris IL 60450 | (815) 942-0594

Auction Manager:

Kevin Haas (309) 264-7767