LaSalle County, IL Land Auction - Shay
LaSalle County, IL Land Auction - Shay
See Special Terms for additional fees
Description
LaSalle County, Illinois
The Mary Shay farm is located 3 miles south of Tonica IL, or 12 miles south of LaSalle-Peru, IL. The land is further described as being located in Section 11, T31N-R1E, Hope Township, LaSalle County, Illinois.
Farmers & investors, take advantage of this opportunity to purchase a high class A farm with a fall 2024 closing date.
Auction Manager:
Kevin Haas (309) 264-7767
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Method & Terms
Lot # 0 (Sale Order: 1 of 2)
This lot is informational and may be used for test bidding - place your actual bids below on Lot #1.
The Mary Shay farm will be sold on a price per acre basis, based on surveyed acres.
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, November 1, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024. Seller will also pay the 2024 real estate taxes due in 2025, through a credit at closing. Seller is keeping all the 2024 income. Possession at closing, subject to an existing lease that expires February 28, 2025. 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".
CLICK HERE TO VIEW SURVEY PLAT
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Mary Shay
Representing Attorney:
Mike Gulo | M.G. Gulo & Associates, LTD.
123 South Monroe Street, Streator, Illinois 61364 | (815) 672-2472
Auction Manager:
Kevin Haas (309) 264-7767
Tract 1 - 95.452 surveyed acres
Lot # 1 (Sale Order: 2 of 2)
Quantity: 95
- 95.452 surveyed acres
- FSA records indicate 95.3 NHEL cropland acres
- Productivity Index (PI): 144.1 (Class A)
- Soil types include Muscatune-Buckhart, Sable, Muscatune, Flanagan-Catlin, and Catlin
- Access along the north side from N17th Rd (Spitzer Rd)
The purchase agreement will be adjusted to a quantity of 95.452 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
