Auction Information
ADAMS COUNTY, IL LAND AUCTION - DAVIS
ADAMS COUNTY, IL LAND AUCTION - DAVIS
Tuesday, September 3, 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
Adams County, Illinois
The Davis Farm Trust land is located approximately 3 1/2 miles south of Bowen, IL (or 10 miles north of Camp Point,15 miles south of Carthage, or 30 miles northeast of Quincy, IL). The land is further described as being located in the East Half of the Northwest Quarter of Section 10, T2N-R6W, Houston Township, Adams County, IL.
SELLER
The Davis Farm Trust
MANAGED BY
John Sullivan (309) 221-6700
Michael Sullivan (309) 333-0916
GENERAL INFORMATION
83.53 taxable acres 1 tract
This productive grain farm contains 83.53 taxable acres with 72.2 cropland acres. Farmers and investors, be sure to check out this investment quality far...
This productive grain farm contains 83.53 taxable acres with 72.2 cropland acres. Farmers and investors, be sure to check out this investment quality farm.
TRACT INFORMATION
83.53 taxable acres
FSA records indicate 72.2 acres of NHEL cropland
The soil Productivity Index (PI) on the tillable acres is 122.5
Soil types include Timewell, Keller, Rubio and Osco
The balance of the acres is waterways
Access is along the north side by N 2900th Ave
The farm is located mile west of Highway 61
METHOD & TERMS
The Davis farm will be sold on a price per acre basis, based on 83.53 taxable 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 October 3, 2024.
The seller will provide title insurance in the full amount of the purchase price. The seller will also pay the 2024 real estate taxes, due and payable in 2025, by giving the buyer a credit against the purchase price for the estimated tax based on the best information available at the time of closing. Buyer will receive possession at closing subject to the existing farm tenants removal of the 2024 crop. The land will sell free of any farm tenancy for the 2025 crop year and thereafter.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.
All announcements made on 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.
The Davis Farm Trust
Representing Attorney:
Andrew Staff | Staff and Staff, Attorneys at Law
237 N 6th St #200, Quincy, Illinois 62301 | (217) 228-8470
Auction Manager:
John Sullivan (309) 221-6700
Michael Sullivan (309) 333-0916
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Adams County, Illinois
The Davis Farm Trust land is located approximately 3 1/2 miles south of Bowen, IL (or 10 miles north of Camp Point,15 miles south of Carthage, or 30 miles northeast of Quincy, IL). The land is further described as being located in the East Half of the Northwest Quarter of Section 10, T2N-R6W, Houston Township, Adams County, IL.