Auction Information
SANGAMON COUNTY, IL LAND AUCTION - TRAPP
Friday, October 27, 2023 - 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
Sangamon County, Illinois
The Trapp farm real estate is located approximately 5 1/2 miles west of Illiopolis, IL, or 20 miles east of Springfield, IL, or 20 miles west of Decatur, Illinois. The property is further described as being in Section 8, T16N-R2W, Lanesville Township, Sangamon County, Illinois.
SELLER
Benjamin R. Trapp and Emma J. Trapp
MANAGED BY
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
John Sullivan (309) 221-6700
GENERAL INFORMATION
70.99 surveyed acres 1 tract
The real estate contains a total of 70.99 surveyed acres, will be sold in 1 tract, and represents highly productive Class A soil. Farmers and investors, be sure to check out this Class A farm in Sa...
The real estate contains a total of 70.99 surveyed acres, will be sold in 1 tract, and represents highly productive Class A soil. Farmers and investors, be sure to check out this Class A farm in Sangamon County, Illinois.
TRACT INFORMATION
70.99 surveyed acres
FSA figures should indicate 68.05 NHEL cropland acres (Estimated)
Productivity Index (PI): 141
Soil types include Ipava, Osco, and Sable
The balance of the acres is grass waterways
Access along the north side from Old Route 36
METHOD & TERMS
The Trapp 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 in 2024 (not in 2023), between January 2nd and January 9th, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay all of the 2023 real estate taxes, due and payable in 2024. The farm sells free and clear of farm tenancy for the 2024 crop year and beyond. Possession at closing subject to the existing farm tenancy for the 2023 crop. 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, LLC pertaining to this property. Real estate is being sold AS IS.
Benjamin R. Trapp and Emma J. Trapp
Representing Attorney:
Daniel Hamilton, Brown, Hay and Stephens
205 S. 5th Street, Suite 1000, Springfield, IL 62701 | (888) 666-8491
Auction Manager:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
John Sullivan (309) 221-6700
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The Trapp farm real estate is located approximately 5 1/2 miles west of Illiopolis, IL, or 20 miles east of Springfield, IL, or 20 miles west of Decatur, Illinois. The property is further described as being in Section 8, T16N-R2W, Lanesville Township, Sangamon County, Illinois.