HENDERSON COUNTY, IL LAND AUCTION - J MELVIN

Friday, November 15, 2024 - 11:00 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

Henderson County, Illinois

Tract 1 of the Melvin farm is located approximately 5 miles southwest of Raritan, Illinois or 6 miles north of Blandinsville, Illinois and is further described as being located in Section 33, T8N-R4W, Raritan Township, Henderson County, Illinois. Tract 2 is located approximately 4 miles northwest of Terre Haute, Illinois or 8 miles southwest of Stronghurst, Illinois and is further described as being located in Section 6, T8N-R5W, Terre Haute Township, Henderson County, Illinois.

SELLER

Jean L. Melvin Trust and Ronald D. Melvin Family Trust

Jean L. Melvin Trustee

MANAGED BY

Brandt Henness (309) 224-4276

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

210.59 acres 2 tracts

Tract 1 represents highly productive tillable cropland with Class A soil and Tract 2 represents productive tillable cropland with wooded draws providing excellent outdoor recreational activities.

Farmers, investors and outdoor enthusiasts, be sure to check out these Henderson County, Illinois farms.

TRACT INFORMATION

Tract 1 65.52 surveyed acres

FSA figures indicate 63.96 NHEL cropland acres

Productivity Index (PI): 143.8 (Class A)

Soil types include Muscatune, Atterberry, Stronghurst and Sable

Access along the west from Co Rd 1700 E

Tract 2 145.07 surveyed acres

FSA figures indicate 117.54 NHEL cropland acres

Productivity Index (PI): 119.5

Soil types include Seaton, Joy, Sawmill, Coloma and Sable

Access along the north from Twp Rd 575 N

METHOD & TERMS

The Melvin farms will be sold on a price per acre basis, based on surveyed acres. Both tracts will be sold individually starting with Tract 1, then Tract 2 will be sold.

The sellers reserve the right to approve the high bid. Upon approval, the winning bidder shall immediately execute a purchase agreement 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. Note: Closing on Tract 2 shall be on or before December 18, 2024. The closing on Tract 1 shall be on but not before January 8, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Possession will be given at the time of closing.

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.

Jean L. Melvin Trust and Ronald D. Melvin Family Trust

Jean L. Melvin Trustee

Representing Attorney:

George Hennenfent | McMillan, Hennenfent & DeJoode P.C.

120 North Main St. | Roseville, IL 61473 | (309) 426-2176

Auction Managers:

Brandt Henness (309) 224-4276

Dan Sullivan (319) 795-1833