Lostant, IL 61334 - LaSalle County

LASALLE COUNTY, IL LAND AUCTION - WHITMORE

Tuesday, December 10, 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

LaSalle County, Illinois

Tract 1 is located 5 miles west of Lostant, IL, and Tract 2 is located 2 miles north of Lostant, IL. Lostant is located 14 miles south of Peru, IL. The land is further described as being located in Sections 12 & 19, T31N-R1E, Hope Township, LaSalle County, Illinois.

SELLER

Walter E. Whitmore Farms

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

210.23 taxable acres 2 tracts

The Whitmore farms represent the best central Illinois has to offer. Tract 1 contains 100% Class A soils, and Tract 2 contains 98% Class A soils.

TRACT INFORMATION

Tract 1 144.74 taxable acres

FSA records indicate 143.23 NHEL cropland acres

Productivity Index (PI): 143.2

Soil types include Muscatune, Osco, Sable, and Flanagan-Catlin

100% Class A soils!

Enrolled in the Sky Yield Wind Energy Project

Extensive amount of tile recently installed

Access along the north side from N 15th Rd and along the west side from E 0th Rd (Meridian Rd)

Tract 2 65.49 taxable acres

FSA figures indicate 64.6 NHEL cropland acres

Productivity Index (PI): 143

Soil types include Sable, Muscatune-Buckhart, Flanagan-Catlin, and Muscatune

98% Class A soils!

Access along the south side from N 16th Rd

YIELD HISTORY

Tract 1

Year - Corn Beans

2019 - 208

2020 - 58

2021 - 191

2022 - 59

2023 - 245

Tract 2

Year - Corn Beans

2019 - 60

2020 - 228

2021 - 65

2022 - 234

2023 - 70

SOIL TEST RESULTS

Tract 1

PH - 6.6

P - 67#/A

K - 292#/A

Tract 2

PH - 6.8

P - 76#/A

K - 313#/A

REAL ESTATE TAX INFORMATION

Tract 1

PIN 30-19-100-000 - 144.74A - $10,473.40

Tract 2

PIN 30-12-301-000 - 65.49A - $4739.62

METHOD & TERMS

Both tracts will be sold on a price per acre basis, based on taxable acres, through the marketing method of Buyers Choice, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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, January 10, 2025.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2024 real estate taxes due in 2025 through a credit at closing. Possession at closing. 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.

Walter E. Whitmore Farms

Representing Attorney:

Richard L. Burton, Partner | Burton, Fuller & Associates, P.C.

227 West Madison St., Ottawa, IL 61350 | (815) 433-3111

Auction Manager:

Kevin Haas (309) 264-7767