LaSalle County, IL Land Auction - Kerry
LaSalle County, IL Land Auction - Kerry
See Special Terms for additional fees
Description
LaSalle County, Illinois
The Kerry farm is located 8 miles northwest of Wenona, IL or 12 miles south of Peru, IL. The farm is further described as being located in Section 16, T31N-R1E, Hope Township, LaSalle County, Illinois.
Farmers & investors, take advantage of this opportunity to purchase a well-located farm with the buyer receiving 100% of the 2024 crop income!
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 Kerry 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, July 26, 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. Buyer will pay the 2024 real estate taxes due in 2025. The farm is being custom farmed; the buyer will receive all of the 2024 crop. Buyer will reimburse the seller for all 2024 crop inputs and all of the 2024 custom farming machinery and labor expense. Open lease for 2025 crop year. Possession at closing, subject to existing custom farming arrangement for the 2024 crop year only.
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".
Norman Kerry
Representing Attorney:
Brave Law Center PC
120 S Main St., Eureka, IL 61530 | (309) 467-3711
Auction Manager:
Kevin Haas (309) 264-7767
Tract 1 - 40 acres+/- (subject to survey)
Lot # 1 (Sale Order: 2 of 2)
Quantity: 40
- 40.0 acres+/- (subject to survey)
- FSA records indicate 42.45 cropland acres
- Productivity Index (PI): 131.5
- Soil types include Catlin and Elpaso
- Balance of the farm is a corn crib, old building site, grass lane, and waterways
- Buyer receives 100% of the 2024 farm income
- Access along the north side from N16th Rd
The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
