Property Description
SOLD at AUCTION
T1: $6,200 per acre
T2: $14,100 per acre
T3: $14,000 per acre
T4: $ 9,300 per acre
T5: $ 9,300 per acre
T6: $ 9,300 per acre
FARMLAND AUCTION
Livingston County, IL.
+/- 386 Acres offered in 6 Tracts
Long Point and Saunemin TWPs.
Auction Time & Date:
2pm, Nov 18th
Auction Location:
The Eagle Conference Center
319 N Plum Street, Pontiac, IL. 61764
Highly productive Livingston County, IL Farm Ground.
2022 Open Farm Tenancy
Mature Marketable Timber
Excellent Recreational Opportunities
T1 and T2 require a survey if sold in tracts. The cost of the survey will be split equally between buyer and seller.
T1: +/- 52 Wooded Acres, +/- .85 miles of Long Point Creek Frontage. Black top frontage on N190 East Rd. Electricity is located at the road frontage. Excellent large acreage homesite and recreational hunting tract with mature marketable timber. Timber evaluation report available upon request. A 15 ingress egress easement shown as a yellow dashed line through T2 allows access to T1, land east of Long Point Creek.
Part of Assessor PINs: 07-08-200-019 S8, T29 - R3, and Part of 07-09-100-006 S9, T29 - R3 LONG POINT TWP.
ESTIMATED 2020 payable 2021 tax $1,485.78.
6 Grain bins, approximately +/- 23,000 bushel storage located on the south end of T1 will transfer to the new owner.
Grain bins located on the north end of the property (46 bins) are owned by the lessee currently leased through Dec1, 2021. Buyer may renegotiate a new lease with lessee or have the lessee remove the bins and reclaim the bin site area back to seeded grass.
T2: +/- 54 Acres, primarily all tillable, 134.6 PI. +/- 53.21 cropland acres.
Black top frontage on N190 East Rd and E2550 N Rd.
T2 is subject to a 15 ingress egress easement in favor of T1 shown as a yellow dashed line on the aerial.
Part of Assessor PINs: 07-08-200-019 section 8, T29 - R3, and Part of 07-09-100-006 section 9, T29 - R3 LONG POINT TWP. ESTIMATED 2020 payable 2021 tax $1,996.40.
T3: +/- 50 Acres, primarily all tillable 133.5 PI. +/- 49.83 cropland acres.
Black top frontage on N190 East, N200 East and E2545 North Rd.
Assessor PIN: 07-08-400-002. Part of section 8, T29 - R3, LONG POINT TWP.
2020 payable 2021 tax: $1,848.52.
T4: +/- 80 Acres, 117.3 PI. +/- 76.62 cropland acres. +/- .31 Acres enrolled in CP22 paying $93.00 annually, expiring 09/30/2032. Black top frontage on E 2000N and N 2800E RD.
Assessor PIN: 17-03-400-002. Part of section 3, T28 - R7 SAUNEMIN TWP.
2020 payable 2021 tax: $1,926.60.
T5: +/- 77 Acres, 116.3 PI. +/- 76.30 cropland acres. +/- 4.77 Acres enrolled in CP22 paying $1,431.00 annually, expiring 09/30/2032. Black top frontage on E 2000N and N 2800E RD.
Assessor PIN: 17-02-300-002 and 17-02-300-003. Part of section 2, T28 - R7 SAUNEMIN TWP.
2020 payable 2021 tax: $718.64 + $993.54 = $1,712.18.
T6: +/- 73 Acres, 117.3 PI. +/- 70.45 cropland acres. Black top frontage on E 2000N RD.
Assessor PIN: 17-11-100-009. Part of section 11, T28 - R7, SAUNEMIN TWP. 2020 payable 2021 tax: $1,745.52.
Auctioneer, Travis Selby
IL Lic.# 441001485
217-304-1686
Auction terms and conditions:
For said Rittenhouse Farm, consisting of +/- 386 Acres
Procedure: Property will be offered in 6 individual tracts and any combination of tracts.
Multi Parcel Bidding will be the method of sale used for the auction.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before December 21st, 2021.
Possession: Possession will be given at closing. T4 and T5 sell subject to the current CRP contracts.
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: The 2021 real estate property taxes due and payable in 2022 shall be a credit to buyer at closing. Real Estate tax credits are shown in the tract descriptions.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Stephen P. Rittenhouse
