Princeton, IL 61356 - Bureau County

BUREAU COUNTY, IL LAND AUCTION - WINCH

Thursday, December 12, 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

Bureau County, Illinois

Tracts 1-2 are located approx. 5 miles west of Princeton, IL access along County Rd 1540 E and County Rd 1900 N. Tracts 3-5 are located approx. 2.5 miles southeast of Manlius, IL access along County Hwy 9/1150 E St. Tracts 6-7 are located 1.2 miles southwest of Normandy, IL access along County Rd 2275 N. These tracts are further described as being located in Sections 33 & 34, T17N-R8E, Bureau Township, Section 25, T17N-R8E, Manlius Township, and Sections 14 & 15, T18N-R7E, Greenville Township, Bureau County, Illinois.

SELLER

Joyce Winch Trust

MANAGED BY

Isaac Taber (309) 335-8081

TRACT 8 OPEN HOUSE

Saturday, November 23 10:00 AM - 12:00 PM

Physical Address: 10010 County Rd 2775 N, Normandy, IL 61376

GENERAL INFORMATION

664 acres 8 tracts

These tracts represent a balance of tillable farmland, prime hunting/recreational ground, pasture, and homesite. Don't miss this great opportunity in Bureau County, IL.

TRACT INFORMATION

Tract 1 - 53 acres (subject to survey)

FSA figures indicate 53.26 acres of NHEL cropland currently in row crop production

Productivity Index (PI): 135.9 (Class A)

Soil types include Greenbush, Muscatune, Biggsville

Access is along County Rd 1900 N

Tract 2 - 168 acres (subject to survey)

FSA figures indicate 53.27 acres of cropland currently in row crop production

Additional 10.61 acres of cropland are enrolled in a CP42 CRP contract. This contract pays an annual payment of $2,509.00. The contract expires 9-30-2027.

Additional 5.2 acres of cropland are enrolled in a CP42 CRP contract. This contract pays an annual payment of $1,395.00. The contract expires 9-30-2025.

Productivity Index (PI): 130.6

Soil types include Greenbush, Biggsville, Jasper

Outstanding hunting and recreational opportunities

Hardwood timber adds value and habitat, and is complimented with potential sites for food plots

West Bureau Creek runs through the property

Access is along County Rd 1900 N and County Road 1540 E

Tract 3 - 30 acres (subject to survey)

FSA figures indicate 30.07 acres of cropland currently in row crop production

Productivity Index (PI): 124.2

Soil types include Biggsville, Sable, Waukegan

Access is along 1150 E St.

Tract 4 - 36 acres (subject to survey)

FSA figures indicate 36.18 acres of cropland currently in row crop production

Productivity Index (PI): 104.3

Soil types include Waukegan, Oakville, Wyanet

Access is along 1150 E St.

Tract 5 - 52 acres (subject to survey)

Outstanding hunting and recreational opportunities

The balance of the farm consists of pasture and hardwood timber

Access is along 1150 E St.

Tract 6 - 69 acres (subject to survey)

FSA figures indicate 67.24 acres of cropland currently in row crop production

Productivity Index (PI): 110.1

Soil types include Tell, Lamont, Selma, Waukegan

Access is along County Rd 2775 N

Tract 7 - 253 acres (subject to survey)

Enrolled in a permanent conservation program

No payment or annual income

Excellent hunting opportunities

Access is along County Rd 2775 N

Tract 8- 3.25 acres (subject to survey)

3-bedroom, 2-bathroom well maintained two-story home

Two car attached garage

60 x 40 Wick building

Smaller open front shed

Access is along County Rd 2775 N

METHOD & TERMS

Tracts 1-7 will sell on a per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. Buyers Choice auctioning will continue until tracts 1-7 have been elected. Following the sale of tracts 1-7, tract 8 will sell for a lump sum or total dollar amount. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monday, January 13, 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. Buyer will receive possession at closing subject to farm leases for the 2024 crop year. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any 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 the property. The real estate and improvements are being sold AS IS.

Joyce Winch Trust

Representing Attorney:

Gary R. Gehlbach | Ehrmann Gehlbach Badger & Considine, LLC

114 E Everett St Ste. 300, Dixon, IL 61021 | (815) 288-4949

Auction Manager:

Isaac Taber (309) 335-8081